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ZERODHA BUSINESS MODEL: The Father Of Stock Broking - BusiAffairs

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What Is Bitcoin Mining? | How Does Bitcoin Mining Work?

What is Bitcoin Mining?

In this article, we will tell you What is Bitcoin Mining? and How does Bitcoin Mining work? Before learning how does Bitcoin Mining works, we should know why is it called “Mining”. It is because Bitcoin is designed to have all the properties of gold. Because nobody should be able to create new bitcoin as easily as paper currency is printed. Plus, it should also have some scarcity. In order to get Gold, a human being has to work really hard. First, he has to figure out where there is a chance to find gold deposits, then he needs to spend a lot of money to buy huge machines, hire workers, dig the earth and bring the gold out. Even after such hard work, finally, there is no guarantee that gold will be found on earth. Because gold mining is a very costly affair and needs a lot of work. Proof for that time-consuming and costly work is the gold that the miners found.

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Swiggy Business Model: Zomato biggest competition

Swiggy was started by BITS Pilani graduates Naman Reddy and Sriharsha Majety in 2014. The companies major job is to provide user satisfaction and delivery on time. The good side is Swiggy processes about 1.4 million orders a day. Swiggy’s business model is quite complex, they had to manage app cost, delivery cost, and advertising cost. Swiggy has to manage partnerships with restaurants, eateries, retail shops, managing delivery providers (full-time/part-time Swiggy is an emerging food delivery app, all the revenue-generating resources are just to cover up the losses. Understanding the market and investors’ response help to manage resources and revenue.Swiggy business model: Ordering food online has been increasing day by day. After a rough day what makes people happy is food. Swiggy is one such model that helps in making a person happy after a rough day because just by following a few steps people can order food from different restaurants at their doorsteps.