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Title: How software based mining works,is this really a traditional mining what we know Post by: Z_MBFM on August 19, 2024, 08:52:58 PM The first Bitcoin Genisis Block mined January 03 2009. Since then bitcoin mining has been started and all we know about how mining is works is solving blocks like a complex mathmatical problem by contributing required haspower they get rewards for their contribution.
The bitcoin mining can be perform by CPU mining based on SHA25 algorithm. Here electricity and engine power both need which is basically logical to mining. Similar to our real world gold mining. But now people's do know the mining in different from. A lot of projects launching their mining project which is based on daily claim. It can be on their platform. Recently telegram bot mining is in It's peak of popular. Where peoples are just tapping or claiming daily for mining. In bitcoin mining miners had to pay their electricity bill, Maintainence bill from their pocket. But in telegram bot mining everything is free. Can we call it actual mining? How this machanism works?If all the thing is doing the team it self then what is the benifit of their own. Is this just a trendy thing or it has a actual value in long run future. I hope someone can elaborate or send me the necessery information link Title: Re: How software based mining works,is this really a traditional mining what we know Post by: NotFuzzyWarm on August 19, 2024, 09:09:20 PM This is the Bitcoin area. Since around 2013 any discussion of 'software mining' has NOTHING to do with that because ASIC's blew that idea out of the water.
You are discussing mining only altcoins aka crap coins. I will also add that Telegram 'mining' is your worst possible example. You do know that there is a very high probability that the app also contains malware now with full access to your phone right?... Have requested the mods move this to the correct area. Title: Re: How software based mining works,is this really a traditional mining what we know Post by: FP91G on August 20, 2024, 01:40:11 PM In bitcoin mining miners had to pay their electricity bill, Maintainence bill from their pocket. But in telegram bot mining everything is free. Can we call it actual mining? Title: Re: How software based mining works,is this really a traditional mining what we know Post by: miner29 on August 20, 2024, 05:41:28 PM It is NOT mining.
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