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TRENDS, ISSUES & CHALLENGES IN IT PART 1 - Coggle Diagram

- - - - Stages of Miners Resources
        
        Processor
        
        Graphic Card
        
        Reprogrammed Chip
        
        ASIC
      - Bitcoin Mining Process
        
        Bitcoin owner needs a Private Key
        
        Bitcoin is used to purchase something, request need to be broadcasted
        
        Request will be received by all the computers on the Bitcoin peer-to-peer network
        
        The Miners run a new block and the previous blocks through a set of calculations called hashed function.
        
        All the miners racing to solve a complex cryptographic puzzle
        
        The first miner who solve a block is rewarded with some newly minted bitcoins