Instead bitcoins are "mined" by people getting their computer to perform a complicated and time-consuming mathematical problem.
This is a mathematical problem, and eCourier spent some time hunting around for someone able to solve it.
Mining involves solving a hard mathematical problem and miners typically use large numbers of computers to speed up the number-crunching involved.
Fifty bitcoins are released when that block is done and the work, which involves solving a hard mathematical problem, is completed.
Mining involves solving a hard mathematical problem and miners typically use large numbers of computers to speed up the number crunching involved.
People generate or "mine" Bitcoins by participating in that network - for instance, by solving a complicated mathematical problem using their computer.
BBC: Canadian man to sell house for Bitcoin virtual currency
Bitcoins are created, or mined, when computers complete a complicated mathematical problem.
Instead users are rewarded in a process called "mining", in which coins are issued to a user when they solve a complicated mathematical problem using their computer.
BBC: Skype trojan forces Bitcoin mining, security firm warns
Instead they are created in a process called "mining", in which coins are issued to a user when they solve a complicated mathematical problem using their computer.
But, to judge from Mr Sabbagh's book, most mathematicians would incline more towards Hilbert's view that a solution will one day be found for even the most difficult mathematical problem.
Two weeks ago a team led by Isaac Chuang at IBM (nyse: IBM - news - people) disclosed that it had built a 5-qubit quantum computer and used it to solve a relatively simple mathematical problem.
As a non-mathematician, he appreciates the difficulty of explaining a recondite mathematical problem to a general audience, and gives a vivid account both of the passion that mathematicians have for their subject and of the fascination for this particular problem.
Some readers may find the mathematical chapters heavy going, but Mr Derbyshire makes a valiant attempt at explaining the mathematical ideas around the problem.
Subsequent revelations showed that sloppy mathematical calculations weren't the problem.
The problem was to find the mathematical function that describes this process.
"What the 1992 semi-final did was highlight the fact that a logical and mathematical approach was needed to solve the problem, " said Duckworth, currently with the Royal Society of Statisticians.
The field of DNA computing was kicked off in 1994 when Leonard Adleman used strands of DNA to solve a simple example of a mathematical conundrum known as the Travelling Salesman Problem.
"The problem with search is that it is too mathematical, " said Sack.
He had been working in the fashionable mathematical field of chaos theory an explanation in search of a problem when he came across a suitable problem in the form of mountains of data accumulated by various ocean and atmospheric scientists of his acquaintance.
The real problem with new economic geography, they believe, is its obsession with mathematical modelling.
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