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Title: Someone explains well to me the mining?? Post by: abderrazak belkhir on March 16, 2018, 12:52:20 AM Hello friends i just have some qeustions about the mining of btc:
1-why the total supply of bitcoin is not rise when the mining happen? 2-if the mining afect the price of bitcoin and how? Title: Re: Someone explains well to me the mining?? Post by: cissrawk on March 16, 2018, 02:32:40 AM i will skip first question since i dont know the answer
2-if the mining afect the price of bitcoin and how? IMO, more difficult to mine = higher bitcoin price, almost same as gold. But this is old theory and as you can see the difficulty increase a lot this year but the bitcoin price still going down.Title: Re: Someone explains well to me the mining?? Post by: PauloLuks on March 16, 2018, 03:16:35 AM Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.
Title: Re: Someone explains well to me the mining?? Post by: daarul50 on March 16, 2018, 03:31:37 AM In bitcoin mining, the more blocks are solved the greater the difficulty for the miners so it takes a very long time to mine the bitcoin so that the total supply will not be seen to increase significantly different from mining with other algorithms. While mining does not significantly affect bitcoin prices because the bitcoin price in some marketplaces is the bitcoin holders, the miners only process assist in processing a bitcoin transaction.
Title: Re: Someone explains well to me the mining?? Post by: PatronRH on March 16, 2018, 06:15:27 AM Im not sure if I'm really going to answer all your questions but I know that miners regulate bitcoin transactions thus keeping the network stable and preventing it from crashing.
Title: Re: Someone explains well to me the mining?? Post by: piloder on March 16, 2018, 06:20:03 AM Hello friends i just have some qeustions about the mining of btc: 1. Supply of bitcoin is fixed from the first day of bitcoin and nobody knows why satoshi have choose 21 million as total supply of coin. Supply of bitcoin is less than 21 million right now but it is increasing everyday till it will reach that limit. After that there will be no more mining reward for miners but they will get tx fee.1-why the total supply of bitcoin is not rise when the mining happen? 2-if the mining afect the price of bitcoin and how? 2. Mining will affect total circulating supply not the total maximum supply. Title: Re: Someone explains well to me the mining?? Post by: abderrazak belkhir on March 16, 2018, 10:04:33 AM Thank you all for the answer...i think that i get a good idea about the mining of bitcoin,thanks friends
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