Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: malekbaba on January 13, 2016, 08:05:06 PM



Title: what is bitcoin or other altcoin?
Post by: malekbaba on January 13, 2016, 08:05:06 PM
What happens when my gpu or cpu hashes?! What is mining? How do anyone make coin with a gpu? Is it something illegal?! I do not understand a word about mining?! If my gpu solves any puzzle why will it make some money?? What is all about?!lease answer me


Title: Re: what is bitcoin or other altcoin?
Post by: AgentofCoin on January 13, 2016, 08:08:20 PM
What happens when my gpu or cpu hashes?! What is mining? How do anyone make coin with a gpu? Is it something illegal?! I do not understand a word about mining?! If my gpu solves any puzzle why will it make some money?? What is all about?!lease answer me

Have you done any research online yet?
All these answers are easily accessible to you with a google search.


Title: Re: what is bitcoin or other altcoin?
Post by: shorena on January 13, 2016, 08:17:24 PM
What happens when my gpu or cpu hashes?!

It uses a hash function to calculate a hash from given data. A hash function is a special algorithm that can not be reversed directly. The simplest example would be the function x2. You can set x = 2 and get the result 4, but you would get the same result for x = -2. Thus you can not reverse the result of such a function and know the original value. In the case of x2 there are 2 possible values. Most hash functions are more complex of course.

What is mining?

Mining (in proof of work) is hashing slightly different versions of given data until you find a hash with a certain property.

How do anyone make coin with a gpu?

A GPU can be used to calculate a hash, it can not make a coin. This is usually done by people writing code.

Is it something illegal?!

I dont think so, but Im no lawyer and I dont know all laws for all countries.

I do not understand a word about mining?! If my gpu solves any puzzle why will it make some money?? What is all about?!lease answer me

Its actually more of a lottery than a puzzle. The rules of bitcoins code say that anyone that finds a hash with a certain property gets a reward. This is not true for any puzzle. E.g. you can use a GPU to solve the question "what is the password for shorena's wallet file" and might get the answer "abc123def", but sadly the wallet file is empty so no reward for you.


Title: Re: what is bitcoin or other altcoin?
Post by: 50cent_rapper on January 13, 2016, 08:24:43 PM
What happens when my gpu or cpu hashes?! What is mining? How do anyone make coin with a gpu? Is it something illegal?! I do not understand a word about mining?! If my gpu solves any puzzle why will it make some money?? What is all about?!lease answer me

It's magic internet money bro!
You just make ... you know ... you make money!


Title: Re: what is bitcoin or other altcoin?
Post by: vlom on January 13, 2016, 08:35:02 PM
What happens when my gpu or cpu hashes?! What is mining? How do anyone make coin with a gpu? Is it something illegal?! I do not understand a word about mining?! If my gpu solves any puzzle why will it make some money?? What is all about?!lease answer me

start here: what is bitcoin
http://codinginmysleep.com/bitcoin-in-plain-english/

then read this: what is mining
http://codinginmysleep.com/bitcoin-mining-in-plain-english/

and then follow the links in the articles.

BTW: 93 post. What have you done here in the meantime?


Title: Re: what is bitcoin or other altcoin?
Post by: iwasneverhere on January 13, 2016, 08:39:08 PM
Math is always great. Thank the math Gods-Real Gods