Ok. So far so good.

What I understood from reading your posts is that the ''mining" process of the different PC machines all over the word is responsible for the code of every Bitcoin transaction, and for providing servers, which support the Bitcoin without having it centralized on one place. I hope I got it right.

But I still do not understand, whos pocket does the money for mining come from. Who pays you to mine?

In one of the previous posts I read somewhere that miners transfer electricity into money, which kinda sounds like written by someone who know as much as I do.

Regards,

D.

Hello guys,

I have been interested in currency trading since 2011 and I have pretty much learned the basics (even more probably) of the day trading, technical and fundamental analysis. I understand the concept of the Bitcoin and its trading in general.

What I do not understand is how the hell you could mine a currency. Everywhere I read that people mine BTC and they invest in improving their home PC stations in order to mine BTC faster. People share that they do BTC mining but nobody explains the process of mining. Who is paying you BTC in order to perform "mining" and why are you paid to do "mining".

And please, do not compare BTC mining with gold mining for example. You cannot create gold from thin air ...yet.

I would be grateful if you share your visions with me here.

Regards,

D.

Does not surprise me either.

Hi nubbins7!

Welcome to the newbies section!

Good for you TheArabPanzer ! 

Deutsch macht Spaß!!!

No pain, no gain!

Ice-Dice.com is awesome!

Hi kaligulax!

There is a lot to be learned here!

39 Please

Hi Mirt!

Welcome to the forum

Doesn't this mean that every other transaction would increase its cost as much as the BTC would?

I have the feeling that this forum would be a very interesting experience.