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Author Topic: bitcoin mining  (Read 1098 times)
Script3d
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May 22, 2018, 08:17:19 AM
 #21

Bitcoin mining is useful for us to get bitcoin by using a computer, and in computer mining will work for 24 hours during mining is done.
your wrong bitcoin doesnt use the computer to mine its either the cpu or gpu of course you need a computer to mine bitcoin but mining with cpu or gpu is not worth anymore. mining doesnt stop unless you stop it.
tokhang
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May 22, 2018, 08:28:19 AM
 #22

So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?


YES! You are perfectly correct. There is no point to confirm transactions for the blockchain. There is no benefit for people running their computers all day for non-miners to send and receive bitcoins. And you are also correct there is something dark about bitcoin, it can eat your dogs so be careful.
VayneAurelius
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May 22, 2018, 08:33:51 AM
 #23

So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?


People tend to do mining when they are already succeed in their life through other way of getting bitcoin. But also others do it just to try on. So usually mining was used since they have money to invest such as system of their computer as well as the gas needed in mining. They can gain or collect bitcoin or other cryptocurrency without even doing anything just letting the computer mine it for you.
Crypto24hrs
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May 23, 2018, 10:55:01 AM
 #24


Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released.
paymentbit21
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May 23, 2018, 11:06:12 AM
 #25

I do not hack from the computer and do not do it at all, because it's not profitable, I do not feel income.
jaaeeeyyyy
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May 23, 2018, 01:13:08 PM
 #26

So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?

Mining enables the users to be able to get coins in in small amounts every time it runs a program or it lets open a tab Because of this, a lot if miners don't shut their pc down to be able to maximize the profits they could acquire through mining. Mining is not in a good spot right now however, and is the least profitable way of investing on bitcoin as it takes more than what it gets.
soulripper
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May 26, 2018, 06:31:37 AM
 #27

When you hear about the "mining" of bitcoin, you will get a coin that has been dug from the ground. The fact that bitcoin is not physically in nature, but why is it said to be mining? Because it is just like gold mining where bitcoin is created in the design of a sample example like gold extracted from underground.
jhenz20
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May 26, 2018, 06:51:00 AM
 #28

Mining is important in block chain because it confirm a transactions on the block chain and make sure that the network is able to keep sending transactions back and forth. Mining is the who process transaction by which transactions are verified and added to the public ledger. Bitcoin mining provides rewards as a form of exchange for the useful services necessary to operate a secure payment network.
Alfian2015
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May 26, 2018, 07:54:42 AM
 #29

Bitcoin is heavily dependent on this mining process. Because with mining done by miners Bitcoin (miner) will validate every transaction, build and store the new block into blockchain. To save the new blocks into the Blockchain, miners must reach consensus.
Choy13
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May 26, 2018, 12:57:15 PM
 #30

Of course bitcoin mining is efficient if you don't want to do work. But first you will be needing computer that can take much the mining of bitcoin. You need the high specs of a computer for doing bitcoin mining. But i prefer investment rather than mining. Even though investment has a risk for us its alright tho.
Melvin Narag
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May 26, 2018, 01:03:40 PM
 #31

So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?
Sorry, what? What dark thing are you referring to?
 don't know something like this.

Hahaha  Roll Eyes ::)this joke made my day!!!!! can't stop laughing in my room.

Mining is electric generated machine and equipment like computers and any other machines, you need a power to make the machine works 24/7, and the most coomon thing to use its electricity!! You need also an ASIC to mine better with your computers.
bjmpoker001
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May 26, 2018, 03:07:01 PM
 #32

So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?


i think you should do more research about bitcoin and cryptocurrency mining.
mining crypto is not so simple as that. you need some good spec to mining with great hash power.

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Gathel
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May 26, 2018, 04:45:52 PM
 #33

The concept of Bitcoin Mining

Bitcoin mining is a process of mathematical calculation performed on Bitcoin tissue. As we all know, Bitcoin runs in an online system, and the purpose of such mathematical calculations is to verify the bitcoin transactions that exist on the Internet. By doing the verification, a bitcoin miner will get a new block gap in the Bitcoin network containing a new amount of Bitcoin and can be taken.
As roma
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May 27, 2018, 06:10:45 PM
 #34

So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?


Mining is a process of expending computing power to process transactions, secure networks, and keep everyone in the system synchronized together. This may be likened to Bitcoin data centers, except that it has been designed to be completely unfocused with miners operating in all countries and that no individual has control over the network. This process is called "mining" as an analogy such as gold mining, because it is a temporary mechanism used to issue new bitcoins. But unlike gold mining, Bitcoin mining provides rewards as a form of exchange for the useful services necessary to operate a secure payment network. Mining will still be needed after the last bitcoin is published.
Turkish88
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May 27, 2018, 06:13:19 PM
 #35

some services can provide for you bitcoin mining, but in core it use your machines to mine other coins and exchange it for bitcoins

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Zoha_228
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May 27, 2018, 06:15:49 PM
 #36

So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?

There was the time when poloniex was one of the top crypto exchanges with the high volumes but the time never remains the same, poloniex is now not in top 50's because of high fee and low volume, I would suggest you to use bittrex because it's interface is very user friendly.

Mekmbem
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May 27, 2018, 06:20:15 PM
 #37

bitcoin mining is done with sophisticated computer devices and so much that it consumes considerable power and 1% of the world's electricity usage is spent on bitcoin mining
Ch01ce0N3
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June 03, 2018, 05:20:48 AM
 #38

Do as much mining as possible. Without limits, the goal is to get profit. So have a good future because it has been provided with the results of the mining itself.

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Yoshinoya
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June 03, 2018, 05:39:08 AM
 #39

Bitcoin mining is some a way for us to get more money without we put some capital.
from mining we can earn huge profit, but we need to learn more about mining because there so many scam.
yudi31
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June 03, 2018, 05:47:04 AM
 #40

Bitcoin Mining (Bitcoin Mining) is one way to get Bitcoin. As mentioned earlier, we can see Bitcoin as a large global cash system that stores the history of transactions (or 'money movements') from one person to another. When Bitcoin transactions are processed on the Bitcoin network - meaning Bitcoin is being moved from one person to another - one needs to make sure that all transactions are properly recorded and the cash system has been synchronized around the world.
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