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20 Apr 2011 As with shiny-metal-backed currencies, Bitcoins derive their value partly through their scarcity, which is defined not by how much can be dug up with shovels but by a cryptographic lottery. Anyone can get Bitcoins without paying cash for them by downloading and running Bitcoin's "mining" program.

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1 Aug 2017 The early bitcoin mining pioneers are giving way to giant organizations operating on multiple continents. Nearly a decade after an online user . One of the key Chinese figures in the bitcoin world, Jihan Wu, told CNBC he got involved with the digital currency in 2011. "I read some blogs about bitcoin and at 

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