Brian Baker, CFA, provides a clear explanation of bitcoin mining—how it works, some of the risks, what some important considerations are, and more—in this article for Bankrate.
Bitcoin has received much attention over the past several years, with its wild price fluctuation generating great gains for some, and great losses for others. Even with all the attention, some don’t exactly understand it yet.
If you are interested in details on statistics, taxation, and potential profitability of bitcoin, this article is helpful.
