Microelectronics Technology Co. (fka MELY)

[anon13333]

First things first. You need a wallet to store your BTC. Within your wallet you will designate where you BTC will be placed (folder) by getting a BTC address. Each BTC address is a unique set of numbers and letters. This is how BTC are transferred securely to anywhere in the world.

Next step, purchase miners. You the input your address that you want the BTC to be transferred. Once you mined a certain amount of BTC, that amount will automatically be transferred to your wallet.

When your mining join a pool and a block is discovered, the block is shared fractionally by all pool participants. The more people in the pool (i.e. hash rate), the smaller the share. However, the greater hash rate increases your chance of finding a block.

Read about basic BTC vernacular.

https://bitcoin.org/en/vocabulary

Here is info about the equations.

https://bitcoin.org/bitcoin.pdf