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Title: Can you mine the same bitcoin twice? Post by: musiek on December 01, 2013, 10:41:24 AM I'm new to bitcoin and I was wondering if you can mine the same bitcoin twice? If so what happens then?
Title: Re: Can you mine the same bitcoin twice? Post by: bitcoindigi on December 01, 2013, 10:44:29 AM hello,
nope, that's impossible. Title: Re: Can you mine the same bitcoin twice? Post by: musiek on December 01, 2013, 10:49:14 AM Ah, sweet. Thanks!
Title: Re: Can you mine the same bitcoin twice? Post by: Relian on December 01, 2013, 10:49:25 AM nope not possible, there are only a limited amount of bitcoins. So 'counterfit' bitcoins is also not possible theoretical!
Simple version of what mining is: Mining bitcoins means that your computer calculates a very difficult mathematical equation. Which is that hard, you need to have dedicated software to do this. As a reward you get the bitcoin. Whent hat equation has made, there is no point in calculating it again. Title: Re: Can you mine the same bitcoin twice? Post by: de3mka on December 01, 2013, 10:56:42 AM actually it can happen that two different miners solve the block (and claim the reward) at the same time, but the network will choose who from these two miners should be the winner
Title: Re: Can you mine the same bitcoin twice? Post by: Peter882 on December 01, 2013, 10:59:53 AM actually it can happen that two different miners solve the block (and claim the reward) at the same time, but the network will choose who from these two miners should be the winner Yup, one of the blocks will be orphaned, and eventually only one get the 25btc :) Title: Re: Can you mine the same bitcoin twice? Post by: Itun on December 01, 2013, 11:01:17 AM Haha Welcome to the Bitcoin World
No that's impossible because each is unique and after a block is solved, it's solved You can't solve it again Title: Re: Can you mine the same bitcoin twice? Post by: DannyHamilton on December 02, 2013, 08:55:40 PM It depends on how much hasing power you have, how long ago the bitcoin was mined, and how much money you want to waste trying to re-mine instead of mining new blocks.
Title: Re: Can you mine the same bitcoin twice? Post by: abbyferrari on December 02, 2013, 09:04:05 PM I don't know much about bitcoins, but I do know you can't do that!
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