Bitcoin Forum

Other => Off-topic => Topic started by: Shadowfiend24 on December 07, 2017, 08:25:30 AM



Title: What is mining ?
Post by: Shadowfiend24 on December 07, 2017, 08:25:30 AM
Can anyone share some information about this ?


Title: Re: What is mining ?
Post by: mrnuts on December 07, 2017, 11:03:36 AM
It's a fancy word that means securing the blockchain  ;)


Title: Re: What is mining ?
Post by: cryptobull3 on December 07, 2017, 04:18:26 PM
it has a long story , have u checked bitcoin.org?


Title: Re: What is mining ?
Post by: Lehakios88 on December 09, 2017, 05:13:14 AM
Mining is often called industrial business, it is a series of activities in order to search, mining (excavation), processing, utilization and sale of minerals (minerals, coal, geothermal, oil and gas).


Title: Re: What is mining ?
Post by: RAJWA01 on December 12, 2017, 02:19:05 PM
Can anyone share some information about this ?


Mining is one way to get Bitcoin,
as it is written on the source below :
https://edukasibitcoin.com/penjelasan-lengkap-menambang-bitcoin-bitcoin-mining/


Title: Re: What is mining ?
Post by: Slava79 on December 12, 2017, 02:22:02 PM
Mining is the process of securing Bitcoin network in exchange of being paid for this with bitcoins.

https://en.bitcoin.it/wiki/Mining


Title: Re: What is mining ?
Post by: chukstimz on January 10, 2018, 02:10:37 AM
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining"). This ledger of past transactions is called the block chain as it is a chain of blocks


Title: Re: What is mining ?
Post by: jilan102 on February 14, 2018, 07:34:46 AM
Mining is often called industrial business, it is a series of Botcoins (http://printcalendartemplates.com/april-2018-calendar/)
 in order to search, mining


Title: Re: What is mining ?
Post by: 2drive on February 14, 2018, 07:58:39 AM
Can anyone share some information about this ?

Which? Mountain Mining or Crypto Mining? ;D ;D

If crypto, mining is the processing of transactions in the digital currency system, in which the records of current Bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain.


Title: Re: What is mining ?
Post by: GelsoAM on February 14, 2018, 08:28:45 AM
Mining is someting you do with alot of GPU you like earn that coin if you mine them.


Title: Re: What is mining ?
Post by: ololesia on May 06, 2018, 10:21:16 AM
Simply stated, mining is getting cryptocurrency using the capacities of special equipment. For Bitcoin and a number of other coins, this is the only way to increase emissions. Miners receive remuneration, as their activities ensure the functioning and integrity of the entire system. This is the main purpose of mining.

At the initial stages, people were able to use any computer for mining. However, today it became really difficult to mine cryptocurrency, so you need a really powerful hardware.


Title: Re: What is mining ?
Post by: cardo on May 07, 2018, 10:11:29 AM
Mining is one of the easy way to gain bitcoins but first you should have high specs pc or mining rigs to mine bitcoin and this set up need high cost of money.


Title: Re: What is mining ?
Post by: nakamita on May 07, 2018, 10:49:14 AM
Mining is one way to get Bitcoin


Title: Re: What is mining ?
Post by: WOLFinTheStreet on May 07, 2018, 01:51:27 PM
Are you saying about Minning Gold lol, But for sure here you are talking about minning Bitcoin , the computers which are used to verify the transaction of BTC are generally treated as minning PC. Thats all.


Title: Re: What is mining ?
Post by: LoweChristopher on May 07, 2018, 01:58:28 PM
I think mining is used in many cases in life, can be exploited based on the profits of virtual currency as well as the competition between many different investors.


Title: Re: What is mining ?
Post by: Blockpass on May 07, 2018, 02:31:25 PM
Mining is the process by which (in the bitcoin network) the data in the blockchain is validated. Computers solve difficult algorithms (maths problems) in order to find the hash of the data in the block it is confirming and are rewarded with bitcoin.


Title: Re: What is mining ?
Post by: mobireal on May 15, 2018, 07:37:27 PM
 cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. ... In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.


Title: Re: What is mining ?
Post by: nambanpipe on May 16, 2018, 06:49:02 AM
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger.


Title: Re: What is mining ?
Post by: PETMALU11 on May 16, 2018, 07:43:44 AM
Mining is industrial activities that can produce more money when you are pursuing your target price. and this is the best way to earn easy but sometimes other mining site is fake.


Title: Re: What is mining ?
Post by: rawr1620 on May 16, 2018, 08:09:39 AM
Mining bitcon uses means of a computer operated  by  several gpu it is a way to have passive bitcoin.


Title: Re: What is mining ?
Post by: 5SOLAS on July 21, 2018, 01:02:34 PM
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, or Bitcoin mining (for the most popular form of cryptocurrency, Bitcoin), cryptocurrency mining has increased both as a topic and activity as cryptocurrency usage itself has grown exponentially in the last few years.

Each time a cryptocurrency transaction is made, a cryptocurrency miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction. The mining process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions that are associated with a block containing the transaction data.

The first cryptocurrency miner to crack the code is rewarded by being able to authorize the transaction, and in return for the service provided, cryptominers earn small amounts of cryptocurrency of their own. In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.


Title: Re: What is mining ?
Post by: avbitx on October 03, 2018, 09:06:31 PM
We could say that mining is like extracting all the required data by destroying the resource.


Title: Re: What is mining ?
Post by: jeanetteLine on October 05, 2018, 10:40:19 AM

Also read about PoW, PoS, DPoS, Consensus Mechanisms, and Super Representatives. Here in the form of a simple and readable infographics - http://dinardirham.com/blog/pow-pos-dpos-consensus-mechanism-and-super-representatives/


Title: Re: What is mining ?
Post by: redbullusa on October 05, 2018, 11:19:20 AM
Can be simply exploited is the discovery and use of the useful hidden or not yet utilized, from which we exploit and use them for a variety of purposes.


Title: Re: What is mining ?
Post by: smokingkills on October 05, 2018, 11:43:32 AM
Exploit is the use of what you already have available to serve your purpose or purpose.


Title: Re: What is mining ?
Post by: avbitx on October 08, 2018, 01:01:18 PM
Its good is you check on bitcoin.org you'll get a better picture that way.


Title: Re: What is mining ?
Post by: logitechwow on November 06, 2018, 12:12:05 AM
Mining is the decoding of HASH codes for which you receive money. It's simple.
But seriously, look in Google or YouTube information about blockchain, mining and cryptocurrency


Title: Re: What is mining ?
Post by: mymarketinghub on November 16, 2018, 08:21:27 PM
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. ... In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.


Title: Re: What is mining ?
Post by: ShawnNathaniel on December 07, 2018, 03:19:31 AM
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger.


Title: Re: What is mining ?
Post by: hayleewilson on January 07, 2019, 08:57:05 AM
You might want to check this for reference: https://www.coins-info.com/what-is-bitcoin/bitcoin-mining/


Title: Re: What is mining ?
Post by: seoincorporation on January 07, 2019, 07:58:20 PM
Can anyone share some information about this ?

I think this guy explain it with sticks and apples, so, get some popcorns and enjoy the video. https://www.youtube.com/watch?v=Q5hfr5poLl0

In simple words mining is the act to find a block and add it to the blockchain, the block contains bitcoin transactions, and those transactions get mined to get a confirmation. Miners get a reward when they find the block plus the fees on those transactions. Miners find blocks each 10 minutes, and now is too damn hard to find a block, so, miners search for blocks in groups called mining pools.


Title: Re: What is mining ?
Post by: tiptravel on January 08, 2019, 01:01:31 PM
This information is on the first site in google, try to find the information you need


Title: Re: What is mining ?
Post by: MoonCrypt on January 08, 2019, 02:16:03 PM
first of all what mining are you relating too?
A. Cryptomining
B. Mineral resources mining


Title: Re: What is mining ?
Post by: Onanana on March 11, 2019, 04:29:05 AM
Cryptocurrency mining is achieved via computer with specialized hardware. These transactions are now verified and added to the blockchain digital ledger, in order to be competitive with other crypto miners. Crypto exchange is when a buyer and seller interact in online platforms like Bitrus, which is perfect for you for it is designed for beginners, the interface and tools are very user-friendly and an active community to support you with their expertise.


Title: Re: What is mining ?
Post by: Jessica J. Moreland on March 11, 2019, 06:36:26 AM
Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an ore body, lode, vein, seam, reef or placer deposit. These deposits form a mineralized package that is of economic interest to the miner.


Title: Re: What is mining ?
Post by: mrismith016 on March 11, 2019, 07:04:58 AM
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining". This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. etc


Title: Re: What is mining ?
Post by: Robert D on March 11, 2019, 11:27:47 AM
Can anyone share some information about this ?



Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an ore body, lode, vein, seam, reef or placer deposit. These deposits form a mineralized package that is of economic interest to the miner.


Title: Re: What is mining ?
Post by: Assface16678 on March 11, 2019, 03:31:20 PM
Cryptocurrency mining is achieved via computer with specialized hardware. These transactions are now verified and added to the blockchain digital ledger, in order to be competitive with other crypto miners. Crypto exchange is when a buyer and seller interact in online platforms like Bitrus, which is perfect for you for it is designed for beginners, the interface and tools are very user-friendly and an active community to support you with their expertise.
Yes it is, mining is so expensive to do but more profitable and contribute to community. By the way do you have the link on bitrus exchange? i might check it out because it looks like an amazing exchange.


Title: Re: What is mining ?
Post by: seoincorporation on March 12, 2019, 03:37:10 AM
Can anyone share some information about this ?
Mining is the use of a set of graphics cards.
In order to get  bitcoin
a web site from using the software.
 The program takes 1% of the profits and 1% of the site in addition to electricity consumption,
which may reach 15% and more than the total profit in the month.

1.- Mining can be done with other hardware than graphic cards, it can be done with CPU, asic miners and sha256 miners. Even some coins can be mined with hard disk (burst coin)

2.-Mining isn't done to get bitcoin, each block has a reward but get that reward isn't the main goal. The goal is to confirm the transactions adding a new block to the chain.

3.- That 1 % is only in mining pools if you do solo mining all the reward will be yours.