Bitcoin Forum
June 26, 2024, 02:25:17 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: How Bitcoin mining works?  (Read 296 times)
digitalcryptocoin
Jr. Member
*
Offline Offline

Activity: 96
Merit: 2


View Profile
October 22, 2018, 08:52:17 AM
 #21

Well mining is a process of solving blocks by contributing required hashpower to secure transaction on ledger and verify it to get rewards for contribution. Anyone having sufficient hashpower can mine BTC or any other altcoins.

Bitcoin is based on SHA256 algorithm with is based on Asic mining especially CPU mining. While mining BTC there is certain amount of tokens distributed to contributors according to their performance.

muslol67
Hero Member
*****
Offline Offline

Activity: 1582
Merit: 670


View Profile
October 22, 2018, 09:05:04 AM
 #22

There is a section about mining already in here: https://bitcointalk.org/index.php?board=14.0

You can learn a lot of thing with only reading here.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!