Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: danielgold20 on October 01, 2017, 10:33:46 AM



Title: newbie question regarding mining
Post by: danielgold20 on October 01, 2017, 10:33:46 AM
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!


Title: Re: newbie question regarding mining
Post by: 0xcosmos on October 01, 2017, 11:04:28 AM
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!

didnt get it
you want to mine other coin?


Title: Re: newbie question regarding mining
Post by: raiderosik on October 01, 2017, 11:34:31 AM
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!

didnt get it
you want to mine other coin?


I think he wanted to check how much he mined already but it will be the best when Danielgold20 will give us some more detail what he need


Title: Re: newbie question regarding mining
Post by: danielgold20 on October 01, 2017, 11:43:26 AM
no

I meant that as I understand ( at bitcoin for example ) there are people who verify the transactions ( blocks ) and for the verification of the block they get reward with X% og the blocks size

If I dont want to mine but I want to verify  the transaction that occurred on that block and receive the "block reward" how can it be done?
because as I understand ( maybe I am wrong ) but there are people who verify the transactions and receive block reward 


Title: Re: newbie question regarding mining
Post by: Sev18 on October 01, 2017, 11:51:49 AM
As bitcoin is running based on PoW, mining is necessary for verifying and lengthening the blockchain.
Otherwise, you could run a mining pool yourself, need some miners attatched to your pool too..


Title: Re: newbie question regarding mining
Post by: danielgold20 on October 01, 2017, 12:16:49 PM
As bitcoin is running based on PoW, mining is necessary for verifying and lengthening the blockchain.
Otherwise, you could run a mining pool yourself, need some miners attatched to your pool too..

Ok So as ETH so if i want to verify those transactions and receive my block reward can be that done?


Title: Re: newbie question regarding mining
Post by: 0xcosmos on October 01, 2017, 02:51:45 PM
As bitcoin is running based on PoW, mining is necessary for verifying and lengthening the blockchain.
Otherwise, you could run a mining pool yourself, need some miners attatched to your pool too..

Ok So as ETH so if i want to verify those transactions and receive my block reward can be that done?

it is same
mining block is same to verify transaction in eth network
block contains information on transaction
once block found transaction verified
and placed in blockchain of eth


Title: Re: newbie question regarding mining
Post by: HarryG333 on October 01, 2017, 04:25:21 PM
Greetings all,  Can someone invest with his finance were by using once money to trade?


Title: Re: newbie question regarding mining
Post by: 01asd on October 01, 2017, 09:26:04 PM
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!

What wallet do you use ? Blockchain already give you information of how many dollars you will get.
Or you can also ask to your local exchangers in your country. Because I usually sell my crypto there.


Title: Re: newbie question regarding mining
Post by: makomako on October 02, 2017, 02:44:31 AM
verifying transaction is what youre doing when  mining :)


Title: Re: newbie question regarding mining
Post by: joshuajones02 on October 02, 2017, 02:47:27 AM
is he wanting to purchase a master node? Don't think he knows English very well, its hard to read


Title: Re: newbie question regarding mining
Post by: joshuajones02 on October 02, 2017, 02:48:48 AM
Or buy a certain % of a coin that is PoS?


Title: Re: newbie question regarding mining
Post by: joshuajones02 on October 02, 2017, 02:49:34 AM
but what you are explaining OP, is what you're doing when you mine PoW coins