Newbie here, help me understand, what is Mining?

[Wade_Oasis]

I just want to know exactly what is really "mining"? I am newbie here and I kept on reading threads but seem not to understand it. I just want a clear and full understanding about it. Thanks in advance guys! More love.

[1715068193]

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[1715068193]

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[bdog1234]

Your best bet it is to get on your tube and watch some videos.

Basically mining is using a computer to solve complicated math problems for which you are rewarded with bitcoins. Lot more complicated than that but this is the basics.

[sabbathhawk]

With the mining you support work of blockchain, validate and compile transactions in it. For this work you are rewarded with newly generated coins + fee that users pay to be included in block. There are different algorithms of mining POS (proof of stake), POW (proof of work),combined pos and pow...
You'll need a bit time to learn about it
Good luck

[Slapdash]

Can you recommend any other good sources of information apart from YouTube.Thanks in advance for any help

[Jpti]

Mining is actually searching for ores of metals and other compounds.
In case of cryptocurrency, its getting such coins as reward for helping the network run.
The work done by your device in order to make the transactions work depends on the algo of the device.

[TaKlarPH]

In addition to the informations you got I want to share that in your process of the mining you want to know and do is you need an extra income to start be ready to received hight amount payments of electricity bills a month as the process of you mining

[thealex12]

Mining is the process where someone verifies a transaction with his computer, this person is called a miner. Depending on a number of transactions you verify you will get more or fewer bitcoins.

[escapefrom3dom]

I just want to know exactly what is really "mining"? I am newbie here and I kept on reading threads but seem not to understand it. I just want a clear and full understanding about it. Thanks in advance guys! More love.

mining is an activity that gives u coins. it's enough for general definition.

if u wana do some more reading look at this:
https://igaming.org/cryptocurrencies/section/how-mining-works/

[dothebeats]

Cryptocurrency mining is basically minting new coins and helping to process transactions that is happening in the network. To be able to start to mine, one must have a dedicated hardware that is capable of solving complex algorithms which is used to solve a block. After a block is solved (or found), there is a reward for someone who completed the said block, and that reward is your newly minted coin.

Also, check this explanation out if you still want to learn more about it.

https://99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/?gclid=EAIaIQobChMI_6bsx4GH1gIVlgYqCh1EbQ7oEAAYBCAAEgJ95PD_BwE

[NorvsGanda]

That is also one of my question, what is the meaning of mining? What is being mined? And is it different from posting? If it is different, what is the difference of the two?

[bdog1234]

That is also one of my question, what is the meaning of mining? What is being mined? And is it different from posting? If it is different, what is the difference of the two?

You posted this reply - did you get any bitcoins?

Your question makes no sense. Posting and mining have about as much in common as digging a ditch and watching a movie.

[Tarima24]

But just beware some mining site are scam

[QueenOf]

I just want to know exactly what is really "mining"? I am newbie here and I kept on reading threads but seem not to understand it. I just want a clear and full understanding about it. Thanks in advance guys! More love.

As i know Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain,miners must use special software Some people say to use expensive tools  , Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

[SkyjetCrew]

I just want to know exactly what is really "mining"? I am newbie here and I kept on reading threads but seem not to understand it. I just want a clear and full understanding about it. Thanks in advance guys! More love.

Activities to maintain a distributed platform and create new blockchain with the possibility to receive compensation in the form of new units and commission fees in various crypto-currencies, in particular Bitcoin.

[bhantom]

I just want to know exactly what is really "mining"? I am newbie here and I kept on reading threads but seem not to understand it. I just want a clear and full understanding about it. Thanks in advance guys! More love.

In my opinion it is use computer power with special softwear. I think better GPU is better mining

[fredrick4u]

I just want to know exactly what is really "mining"? I am newbie here and I kept on reading threads but seem not to understand it. I just want a clear and full understanding about it. Thanks in advance guys! More love.

In my opinion it is use computer power with special softwear. I think better GPU is better mining

Mining is basically about confirming transaction of cryptocurrency using hardwares such as GPU

[Holie]

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

miners can get coin by mining the blocks and you could mine with CPU and GPU (that is more convenient) but you should be always careful because some sites are scam...
good luck if you're going to try! Hope the best for you

[tony_san]

It's easy to understand. There are two kinds mining way. POS and POW , POW need computer power, you need use your GPU , CPU , ASIC miner to mine this coin. Another way is POS , POS is just you need hold some coin and you can profit from this coin.

[jagmrx]

It's easy to understand. There are two kinds mining way. POS and POW , POW need computer power, you need use your GPU , CPU , ASIC miner to mine this coin. Another way is POS , POS is just you need hold some coin and you can profit from this coin.

Mining is making money automatically using hardware from your computer and special hardware for mining.
You can use GPU and CPU in your computer to mine. But your computer must have a good and best specification.
Gaming computers usually can be use to mine crypto. But you can also mine using ANTMINER, ASICMINER, and something like that.
But remember, not all hardware can be use to mine all crypto. You must do research and learn.