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Because of the growing popularity of BTC, several new cryptocurrencies have been created to attempt to penetrate the market. BTC’s strongest competitor is Ethereum, followed by other cryptocurrencies known as alternative coins, or Altcoins. No one is backing it Get Make It newsletters delivered to your inbox
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Buy BTC, ETH, and other crypto easily via bank transfer. How Does Bitcoin Make Money? A hacker installs bitcoin mining malware on hundreds of computers to divide the work among them. All of the computers become bitcoin miners verifying bitcoin transactions. Bitcoin mining calculators have calculated the electric draw of these operations, and they are enough to cause electric bills to spike, CPUs to burn up, and computers to completely fail.
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