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It's like mining for nose gold, but more prone to cave-ins.
from google search:
Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. ... The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.
To be honest, this definition needs further mining to get at its meaning.
It's very easy: They want to do a lot of transactions and need a lot of computer power to get all this processed. If you dedicate a computer to do some processing for them, you are awarded bitcoins for the work you did for them.
I have lived with several Zen masters - all of them were cats.
It's the act of wasting power on computations that are for the most part completely useless, and in the unlikely event you do get a bitcoin out of it, you still won't be able to trade it in for anything of tangible value, no matter what its current monetary value is reported to be.
Damn, that was quite a good idea to try. Anyway, thanks for the information about it, I was expecting some good results but I guess that won't happen. Probably my best bet is to continue maintaining my cloud mining contract using hashflare scrypt codes from here hoping for any other options in future