Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: ddey on August 09, 2018, 10:49:58 AM



Title: How mining works bitcoin?
Post by: ddey on August 09, 2018, 10:49:58 AM
Bitcoin mining is the backbone of the Bitcoin network. ... Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin's famous “blockchain”). For this service, miners are rewarded with newly-created Bitcoins and transaction fees.


Title: Re: How mining works bitcoin?
Post by: mdayonliner on August 09, 2018, 11:45:48 AM
Bitcoin mining is the backbone of the Bitcoin network. ... Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin's famous “blockchain”). For this service, miners are rewarded with newly-created Bitcoins and transaction fees.
That's it!!!

Keep reading....
https://www.bitcoinmining.com
https://www.economist.com/the-economist-explains/2015/01/20/how-bitcoin-mining-works
https://www.investopedia.com/tech/how-does-bitcoin-mining-work
https://www.coindesk.com/information/how-bitcoin-mining-works
https://www.buybitcoinworldwide.com/mining
http://www.cityam.com/277040/bitcoin-mining-explained-does-work-why-does-use-so-much

PS: No offence but you really need to read this post: Newbies - Read before posting
 (https://bitcointalk.org/index.php?topic=1689727.0)
It's gonna help you to understand the forum a bit.