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Author Topic: What is Bitcoin mining?  (Read 9992 times)
sunno330
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September 08, 2017, 12:22:17 PM
 #1

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

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September 08, 2017, 12:54:39 PM
 #2

In this forum, there is dedicated section for learning mining so go to that section and find all information about Bitcoin mining- https://bitcointalk.org/index.php?board=14.0

If you're interested in altcoin mining then you can go this section and find the details - https://bitcointalk.org/index.php?board=160.0

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September 09, 2017, 06:26:37 AM
 #3

if you've ever wondered where Bitcoin comes from and how it goes into circulation, the answer is that it gets "mined" into existence. Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards incentivize mining and include both the transaction fees (paid to the miner in the form of Bitcoin) as well as the newly released Bitcoin.

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September 09, 2017, 11:03:44 AM
 #4

In very simple words,  Its a process of verification of Bitcoin transactions.  You may use your own hardware to mine you btc.

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September 09, 2017, 12:48:25 PM
 #5

bitcoin mining is a combination of a mining rig + best internet you can have + your electricity
you can mine coins ICO and have it on your wallet .. today there's no more bitcoin to be mine .. and some coins have high value so you will get a little .. there's a lot of thread here that you can read for a helpful hand .. loon on MINING thread pal and you will learn a lot there...

P.S for me the best coin to mine are the low coin value so once it pump on the market you already have the investment Smiley

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September 09, 2017, 02:49:49 PM
 #6

To explain the Bitcoin mining in simple words:
To have bitcoin, you can either buy it online using trading platform, or mine them. Apart from the needed equipments, to mine bitcoin you need to solve complex maths problem to get rewarded in bitcoins. The more people trying to solve the problem, the higher the complexity of the problem, and the higher the rewards are.
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September 09, 2017, 04:39:24 PM
 #7

to get bitcoin automatically
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September 09, 2017, 05:08:20 PM
 #8

to get bitcoin automatically

Haha, not quite.

Mining is just a common term to explain the process by which new bitcoins are created. For new bitcoins to be created people need to do work to confirm that existing transactions of bitcoin on the blockchain are actually valid...a transaction needs to be confirmed before it can be completed. The compensation for doing this work is a reward of bitcoin. The act of engaging in this activity of doing work to confirm transactions to obtain bitcoin rewards is called "mining".

To the OP, there's a lot of information on the web about this. Have you tried Google yet?

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September 09, 2017, 05:41:28 PM
 #9

Mining is the process of minting new coins in the circulation and is also the process of verifying each transactions that's happening within the network and placing them in blocks of data. For completing a block, the miners who solved it would received the block reward (new coins) plus the tx fees accumulated on that certain block. In goes on ad infinitum as long as there's transactions happening around and even though the 21m mineable coins are exhausted.

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September 09, 2017, 11:45:45 PM
 #10

Go to Google and type exactly what you just asked. Please learn to help yourself before asking questions. Read. There is so much info here. A simple Google search would suffice. Anyway you new so you can be forgiven. Follow the advice the does iswe that responded gave you.

I would like to add that you should try mining altcoins before you mine Bitcoins. Look in the altcoins section to learn about an Interesting altcoin and mine it. There is a lot more I can tell you but do that for now.


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September 10, 2017, 10:21:05 AM
 #11

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.

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September 14, 2017, 08:05:44 AM
 #12

Imagine mixing your phone number, your friends, the time and a random ten digit number and then hashing it, if the result starts with five zeros or more, you win, if not, you replace the replace ten digits and try again. Mining is mathematical formula being run at an intense complexity which requires a lot of CPU power.

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September 14, 2017, 08:10:33 AM
 #13

A hash is created from information from the previous block of transaction, the time and date, the merkle and the current transaction. That leaves a blank piece of info in the hashed block. The idea is to randomly add that missing piece of data and finish hashing the block. The result must have a certain number of zeros in front. That is set by the difficultly.

                                 
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September 15, 2017, 01:19:04 AM
 #14

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
Google the exact same question:  What is Bitcoin mining?
You will get a hellofalot of very good links for clear answers...

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September 15, 2017, 07:15:29 AM
 #15

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

For me as a beginner , for more information about mining you can check that on youtube and read the post here.
It will help a lot but dont believe all of the post some are on their own answer.
You can check that on google . Thank you.
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September 15, 2017, 07:34:36 AM
 #16

Simple explanation is that the miner is doing mathematical calculations and looks for the "correct" answer. When the answer is correct a block has been solved and within the block there are 12,5BTC+fees that are beeing released and shared to those who are mining in the pool that found it. Unless it was someone doing solo mining, then the reward are 100% theirs.
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September 15, 2017, 09:39:59 AM
 #17

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions.
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September 15, 2017, 11:44:25 AM
 #18

According to nasdaq Bitcoin mining is the process by which the transaction information distributed within the Bitcoin network is validated and stored on the blockchain.

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September 16, 2017, 12:11:36 PM
 #19

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 worldwide.
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September 17, 2017, 01:23:55 AM
 #20

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.


Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions. Each group of transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain. Other informations you want to know is in here https://www.bitcoin.com/bitcoin-mining

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September 17, 2017, 05:08:39 PM
 #21

you can access http://www.techadvisor.co.uk/how-to/internet/what-is-bitcoin-how-do-you-mine-it-3515249/ for information on btc ^^

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September 17, 2017, 10:44:14 PM
 #22

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.


Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions. Each group of transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain. Other informations you want to know is in here https://www.bitcoin.com/bitcoin-mining



It can help thr transactions of bitcoin becomes faster and those miner computers could earn bitcoins. That's absolutely a block as said by many post comments, however bitcoin minings involved also with other cryptocurrencies.

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September 17, 2017, 11:54:57 PM
 #23

Wait..I'm sorry...I didn't quite get that...
Can you please start over and explain it again...one more time...from the top please.

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September 20, 2017, 05:51:36 AM
 #24


[/quote]
Google the exact same question:  What is Bitcoin mining?
You will get a hellofalot of very good links for clear answers...
[/quote]

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September 21, 2017, 03:47:54 PM
 #25

Bitcoin mining serves a 2-way purpose: of adding verified transactions into the blockchain; and of releasing new Bitcoins. Yet, bitcoin mining is primarily done to let Bitcoin nodes to reach a secure, alteration-free safeguard.
Bitcoin mining is purposefully created so as to be resource-intensive and cumbersome in nature. This is done so that the miners find a steady number of notes in a particular time span.



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September 21, 2017, 03:54:11 PM
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I heard last few months ago that Ukraine and India were raiding and confiscating the Digital Currency mining rigs, whatever their reasons are it doesn't mean that they are not open to digital currencies that are being used these days.
For me, it is illegal because your government doesn't want you do it otherwise we have nothing to be afraid of.



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September 22, 2017, 09:12:21 AM
 #27

bitcoin mining is a saving for the future. we just follow the rules of ICO or others and use the wallet to save our tabunga later

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September 22, 2017, 09:57:18 PM
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Is the processing of transactions on the Bitcoin network and securing them into the blockchain.  Each set of transactions that are processed is a block. The block is secured by the miners. Miners do this by creating a hash that is created from the transactions in the block. This cryptographic hash is then added to the block. The next block of transactions will look to the previous block’s hash to verify it is legitimate. T
















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October 04, 2017, 06:59:33 PM
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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 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 the new amount of Bitcoin and can be taken. That's where a Bitcoin miner will get Bitcoin for himself. The more the process of verification and the creation of new blocks, the more mined bitcoins will be. Understand?
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October 04, 2017, 07:03:14 PM
 #30

what about to use some web search like google??? Undecided Undecided

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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

Read more: Bitcoin Mining http://www.investopedia.com/terms/b/bitcoin-mining.asp#ixzz4uZFvpvfm
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October 05, 2017, 03:26:51 AM
 #31

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
I think bitcoin mining is a process that someone does in searching for work online for profit at all times but also has to spend big capital to run it as well as the ability to observe the price movement very carefully so as not to lose any later.

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\\\ ▬▬▬▬▬▬▬▬▬ In[color=#c251ee]ves[color=#c251ee]tme[color=#b51ecf]nt[color=#bf20da] to [color=#d033f0]fu[color=#d033f0]tu[color=#b51ecf]e[/color][/color] ▬▬▬▬▬▬▬▬▬ ///[/color][/center]
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October 05, 2017, 06:27:03 AM
 #32

To explain the Bitcoin mining in simple words:
To have bitcoin, you can either buy it online using trading platform, or mine them. Apart from the needed equipments, to mine bitcoin you need to solve complex maths problem to get rewarded in bitcoins. The more people trying to solve the problem, the higher the complexity of the problem, and the higher the rewards are.

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October 05, 2017, 12:48:16 PM
 #33

Why does nobody ever think to start at the Beginners & Help section to answer ALL of these inane questions about 'what is' or 'How do I start'?......

-Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats http://bit.ly/1Qjt6lj
-For bitcoin to succeed the community must police itself.    HaggsFIN trip to Canaan
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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October 05, 2017, 03:19:17 PM
 #34

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. but needs money coz of special type of hardware need. and very slow process to gain bitcoins.
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October 05, 2017, 08:11:58 PM
 #35

In very simple words,  Its a process of verification of Bitcoin transactions.  You may use your own hardware to mine you btc.
hardware?
i mean bitcoin is in soft form so why would we use hardware to generate or verify transactions of bitcoin? question like this make me some time get interested towards mining, so when I get perfect information then i will start mining.
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October 06, 2017, 05:18:18 AM
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Bitcoin mining is just easy to define like its the process by which the transition of bitcoin should be verified and then added to block chain and we can also explain it the through which we can released new bitcoin and for this process you need to invest money because some hardware are needed for this process.

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October 06, 2017, 05:28:50 AM
 #37

Bitcoin Mining is actually a mine activity using a particular device. The process through solving a series of mathematical problems (puzzles) based on certain difficulty levels. Well this activity is called "Mining" or cool term is "Bitcoin Mining".

So clearly, that if someone is mining Bitcoin, that means the person is using a mining device. Can use CPU, GPU, FPGA, and ASIC. An explanation of this device will be discussed in the next section.

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October 06, 2017, 05:46:59 AM
 #38

Bitcoin Mining is actually a mine activity using a particular device. The process through solving a series of mathematical problems (puzzles) based on certain difficulty levels. Well this activity is called "Mining" or cool term is "Bitcoin Mining".

So clearly, that if someone is mining Bitcoin, that means the person is using a mining device. Can use CPU, GPU, FPGA, and ASIC. An explanation of this device will be discussed in the next section.

Bitcoin mining is making bitcoins from the electricity and computer system.It is like finiding lottery where many competitors from the world.Who has the most powerful cpu or gpu can able to make more profits than others.If you can able to access electricity with cheap electricity bill also able to make good profits.
Faster Bitcoin mining hardware is able to attempt more tries per second to win this lottery while the Bitcoin network itself adjusts roughly every two weeks to keep the rate of finding a winning block hash to every ten minutes.

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October 06, 2017, 03:13:46 PM
 #39

In addition to this definition, mining is how new bitcoins are minted, as well as how the Bitcoin public ledger (a.k.a. the blockchain) is secured.
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October 06, 2017, 05:01:57 PM
 #40

Basically, bitcoin (btc) mining is used to generate bitcoin through mining or staking at different signature campaigns. At first its really hard to understand it but when you get used to it its a lot of been more easy. Smiley You should read more articles and more rules to follow to be in this signature campaigns.

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October 07, 2017, 06:08:02 AM
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Basically, bitcoin (btc) mining is used to generate bitcoin through mining or staking at different signature campaigns. At first its really hard to understand it but when you get used to it its a lot of been more easy. Smiley You should read more articles and more rules to follow to be in this signature campaigns.


The bitcoin mining is one of the process and 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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards it is called bitcoin mining.

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October 08, 2017, 04:25:40 AM
 #42

Basically, bitcoin (btc) mining is used to generate bitcoin through mining or staking at different signature campaigns. At first its really hard to understand it but when you get used to it its a lot of been more easy. Smiley You should read more articles and more rules to follow to be in this signature campaigns.


The bitcoin mining is one of the process and 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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards it is called bitcoin mining.



Bitcoin mining are is one of the process and 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.The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle so this are bitcoin mining.
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October 08, 2017, 09:30:49 AM
 #43

Bitcoin mining is like machine money. I love bitcoin mining . in 20014  I start mining bitcoin.
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October 08, 2017, 01:28:50 PM
 #44

Bitcoin mining is like machine money. I love bitcoin mining . in 2014  I start mining bitcoin.

Mining requires a lot of energy to make it so there is a physical cost regardless of the currency used, so that it costs more to attack the chain than it does to help ensure it is working well.
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October 09, 2017, 03:10:27 PM
 #45

Thank you all.
For your kind information related replies. And now I also get a clear idea about Bitcoin mining.
Its look like a good work.
Thank you all guys again.

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October 10, 2017, 04:39:40 AM
 #46

You can watch this video, it explain mining and blockchain.

https://www.youtube.com/watch?v=_160oMzblY8&index=14&t=779s&list=W
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October 10, 2017, 06:45:08 AM
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Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
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October 10, 2017, 03:30:43 PM
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Short and simple, close to the truth version. The last block of TX's and the current one, the merkle, timestamp and a few other tidbits are used to make a hash. However, before that there is a piece of missing random data. The miner adds the random data and figures the hash. The difficulty is kinda an inverse of the target, the lower the target, the easier to win a block, because if your hash starts with a number of zero digits equal to or greater than the target, that is a one block, provided you were the first.

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October 11, 2017, 06:33:52 AM
 #49

Bitcoin mining means solving bitcoin algorithms, these solvers are called miners, they solve these maths problems by using special software’s & get bitcoins in exchange. It’s a decentralized process, the miners verifies the transactions and charge for the same from buyer or seller.
https://www.bitcoinmining.com/    https://www.bitcoin.com/bitcoin-mining

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October 11, 2017, 12:06:48 PM
 #50

I don't really understand about bitcoin mining my friend already said bout the mining and then he said i need to buy a server for mining. give me some more idea guys wish to response all online here. Thanks
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October 11, 2017, 12:37:50 PM
 #51

You put your computer to work solving puzzles and earn Bitcoins. Unless you have a really fast computer, or are very lucky, you shouldn't expect to get much.

Most people do it as part of a "pool", which means you cooperate with other people and split the profit. Thus you get a steady trickle of fractional Bitcoins instead of very small chance of 25 at once.

It's not TOO hard to set up.
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October 11, 2017, 03:12:39 PM
 #52

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
It may be difficult to explain in detail about bitcoin mining, but I can recommend a website, a website that contains knowledge of all the bitcoin mining explanations. many topics will get you interested in bitcoin mining. I also learned about miner bitcoin through this site, hopefully can help your difficulties.
http://www.investopedia.com/terms/b/bitcoin-mining.asp

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October 11, 2017, 11:16:20 PM
 #53

I don't really understand about bitcoin mining my friend already said bout the mining and then he said i need to buy a server for mining. give me some more idea guys wish to response all online here. Thanks
Bitcoin mining means producing bitcoin and the sell them in the market. It is a process of creating digital currency and to make money due to the sale of bitcoin in the world market. I think bitcoin mining is not easy and it is also very costly because of the high prices of mining tolls and electricity. Bitcoin miners I think are the high earning community from all other ways of earning money in bitcoin world.
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October 11, 2017, 11:18:15 PM
 #54

You put your computer to work solving puzzles and earn Bitcoins. Unless you have a really fast computer, or are very lucky, you shouldn't expect to get much.

Most people do it as part of a "pool", which means you cooperate with other people and split the profit. Thus you get a steady trickle of fractional Bitcoins instead of very small chance of 25 at once.

It's not TOO hard to set up.
Bitcoin mining is just like a production machine of different commodities. As there are different machines for different things, bitcoin is also a machine for mining bitcoin. Bitcoin is not a physical currency therefore making of bitcoin is called mining and not production. Mining is also very profitable and covers all the capital of miners in just a few months. Mining also do not take too much time.
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October 12, 2017, 02:52:04 AM
 #55

It seems you have some pretty good answers. I would encourage you to however look into mining alt coins. You can make a lot more money for less.
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October 16, 2017, 02:05:17 PM
 #56

What is Bitcoin Mining? - For those who have been using bitcoin virtual money certainly know the term mining bitcoin or mined bitcoin. Bitcoin mining works to add transactions and release new Bitcoin. It takes competent computing skills to solve bitcoin algorithms. The mining process itself starts from. For things that are done digitally.
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October 16, 2017, 03:28:46 PM
 #57

Easy Explanation you will use a Device to generate more power better illustration is the internet connection via downloading a movie with 4gb
let say that you have a 3mbps internet in this will take some hour to fill in that 4gb then you will get your movie as a reward after completing the download

Same as bitcoin mining
you have the device the higher the speed the faster you get your reward Smiley

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October 16, 2017, 08:14:38 PM
 #58

What is Bitcoin Mining? - For those who have been using bitcoin virtual money certainly know the term mining bitcoin or mined bitcoin. Bitcoin mining works to add transactions and release new Bitcoin. It takes competent computing skills to solve bitcoin algorithms. The mining process itself starts from. For things that are done digitally.
Exactly. It is not wrong to say that mining is actually the production of bitcoins. Bitcoin mining is just a simple thing. As you said, bitcoin mining and mined bitcoins. Bitcoin mining is actually solving the mathematical problem and then creating new bitcoins. Mined bitcoins are the bitcoins that are transacted once and then stored.

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October 16, 2017, 10:09:16 PM
 #59

What is Bitcoin Mining? - For those who have been using bitcoin virtual money certainly know the term mining bitcoin or mined bitcoin. Bitcoin mining works to add transactions and release new Bitcoin. It takes competent computing skills to solve bitcoin algorithms. The mining process itself starts from. For things that are done digitally.
Exactly. It is not wrong to say that mining is actually the production of bitcoins. Bitcoin mining is just a simple thing. As you said, bitcoin mining and mined bitcoins. Bitcoin mining is actually solving the mathematical problem and then creating new bitcoins. Mined bitcoins are the bitcoins that are transacted once and then stored.


Bitcoin mining is a kind of digging digital currency using high powered internet connection to mines new coin using the specialized mining devices to verify each transaction heppining within the network and placing them into block chain.

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October 17, 2017, 02:28:34 AM
 #60

Anyone has the access to the internet and has suitable hardware can avail mining. Mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solve the puzzle gets to the place the next block on the block chain and claim the rewards, The rewards which incentivize mining are both the transaction fees associated with the transaction compiled in the block as well as newly released bitcoin.

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October 17, 2017, 06:04:52 AM
 #61

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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

Read more: Bitcoin Mining Definition | Investopedia http://www.investopedia.com/terms/b/bitcoin-mining.asp#ixzz4vk5nKmBr
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October 17, 2017, 07:10:43 AM
 #62

In this forum, there is dedicated section for learning mining so go to that section and find all information about Bitcoin mining- https://bitcointalk.org/index.php?board=14.0

If you're interested in altcoin mining then you can go this section and find the details - https://bitcointalk.org/index.php?board=160.0

thank you so much for this very informative information. I am so happy to find this thread and read your post here! This link for bitcoin mining is very helpful to me.

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October 17, 2017, 02:40:01 PM
 #63

Hi,

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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

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October 18, 2017, 01:24:56 AM
 #64

Hi,

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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.



Bitcoin mining is the process by which the transaction information distributed within the bitcoin network is validated and stored on the blockchain.It is a strategy in which you solve mathematical problems  and get paid once you solved it. However,profitability in this case depends on many factors and how willing you are to take risk.

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October 18, 2017, 12:07:45 PM
 #65

thank
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October 18, 2017, 12:30:18 PM
 #66

Anyone has the access to the internet and has suitable hardware can avail mining. Mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solve the puzzle gets to the place the next block on the block chain and claim the rewards, The rewards which incentivize mining are both the transaction fees associated with the transaction compiled in the block as well as newly released bitcoin.
According to me bitcoin mining is something like processing of transaction in the digital currency whole system and also in which the current record of bitcoin can be verified is the bitcoin mining. In this thing we only talk about transaction of bitcoin and also the latest value or things about bitcoin can be also verified very easily.

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October 18, 2017, 12:32:11 PM
 #67

Hi,

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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

All I know about bitcoin and the process of transaction and adding it to Blockchain is something which means bitcoin mining. If someone don’t experience and don’t know about bitcoin creation and where did bitcoin come from then the right answer is simply bitcoin mining, yes in mining all of us will know the latest news or new things about bitcoin easily and quickly.
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October 18, 2017, 12:39:19 PM
 #68

Anyone has the access to the internet and has suitable hardware can avail mining. Mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solve the puzzle gets to the place the next block on the block chain and claim the rewards, The rewards which incentivize mining are both the transaction fees associated with the transaction compiled in the block as well as newly released bitcoin.
Actually doing mining is a very easy thing. I'm sure everyone here has a computer device and internet access. the simplest thing we can do, even if it does not make a lot of money. but this is a good start to getting to know mining. mining is essentially solving the block by using a computer device that we have. solving this block using complicated math solutions and the more coin hence the difficulty will increase.

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October 18, 2017, 12:50:59 PM
 #69

Anyone has the access to the internet and has suitable hardware can avail mining. Mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solve the puzzle gets to the place the next block on the block chain and claim the rewards, The rewards which incentivize mining are both the transaction fees associated with the transaction compiled in the block as well as newly released bitcoin.
According to me bitcoin mining is something like processing of transaction in the digital currency whole system and also in which the current record of bitcoin can be verified is the bitcoin mining. In this thing we only talk about transaction of bitcoin and also the latest value or things about bitcoin can be also verified very easily.

Mining is the network process. It will couniting the network. Mining is the power full so it need more power. If use the mining you will to handle the careful and you learn the mining process. It will raining the process you will check the reading. It will help to future growth. It will become growth the mining process. Mining is the bester to use. It will use the mining process it mus.  

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October 18, 2017, 03:43:46 PM
 #70

What is the easiest way to start mining for a newbie
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October 19, 2017, 04:15:28 PM
 #71

This  transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

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October 20, 2017, 08:21:30 PM
 #72

Bitcoin mining help keep the Bitcoin network secure by approving transactions. Mining is very important and integral part of Bitcoin. Mining process involves compiling recent transactions into blocks and trying to solve Algorithm Mathematical problems.

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October 21, 2017, 09:44:42 AM
 #73

Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions.
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October 21, 2017, 05:16:54 PM
 #74

Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions.


I'm sure everyone here has a computer device and internet access. the simplest thing we can do, even if it does not make a lot of money. but this is a good start to getting to know mining. mining is essentially solving the block by using a computer device that we have. solving this block using complicated math solutions and the more coin hence the difficulty will increases.
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October 21, 2017, 09:37:13 PM
 #75

Bitcoin mining is the process by which the transaction information distributed within the Bitcoin network is validated and stored on the blockchain. It is a term used to describe the processing and confirmation of payments on the Bitcoin network.

Also I would recommend you to watch this video, it's super informative and explained well! Smiley

https://www.youtube.com/watch?v=GmOzih6I1zs&t=2s


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October 22, 2017, 12:22:23 PM
 #76

Best bitcoin miner with 100 gh/s free on sign up
Most lowest price on hashrate !
Withdrawal every 24h Smiley

https://www.auroramine.com/?ref=12626

Come with me !
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October 22, 2017, 01:16:09 PM
 #77

compensates today to make a mining rig to mine small crypto coins with a stake in its future valuation Kiss
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October 23, 2017, 03:36:39 PM
 #78

In simple terms - bitcoin miners ‘release’ bitcoins by solving blocks with the help of a computer equipment. Though it's really difficult to describe it in a few words. Maybe the article will be more helpful http://whatis.techtarget.com/definition/Bitcoin-mining
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October 26, 2017, 12:01:36 AM
 #79

the Bitcoin minning is a process of verification of Bitcoin transactions .
you can check this : https://fr.m.wikihow.com/miner-des-bitcoins 
to help you ti know about Minning.

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October 27, 2017, 02:55:52 PM
 #80

the Bitcoin minning is a process of verification of Bitcoin transactions .
you can check this : https://fr.m.wikihow.com/miner-des-bitcoins 
to help you ti know about Minning.
Yes mining is the verification of the bit coin transactions actually mining require a powerful CPU (Central Processing Unit) with a continuous supply of electricity although it is a profitable job but in those areas where electricity is cheap.   

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October 27, 2017, 03:04:48 PM
 #81

Do we have alternative ways for mining bitcoins exept using farms or our computer?
Maybe some strange and illegal?)
Of course, not for usage - for knowledge
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October 27, 2017, 04:33:00 PM
 #82

Bitcoin mining is somewhat similar to mining gold and just like Gold there is only a limited number of 21 million bitcoins can be mined each time the difficulty of mining increases, for mining bitcoins there is a need of good computers and a special to solve complicated arithmetical  problems using cryptographic hash functions, the problem can be solved with high powered computers. As the value of bitcoin rises the number of people entering into the bitcoin mining is also increasing.Now a days many people are found investing on bitcoin mining rigs and farms like in China, America and so on for mining bitcoins as much as possible, and bitcoin mining warehouse are built in places where the electricity prices are too low, others also find alternative sources like installing solar panels, thermal energy and other sources to produce electricity where the countries electricity rates are unaffordable for mining.

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October 27, 2017, 05:42:33 PM
 #83

Bitcoin mining is somewhat similar to mining gold and just like Gold there is only a limited number of 21 million bitcoins can be mined each time the difficulty of mining increases, for mining bitcoins there is a need of good computers and a special to solve complicated arithmetical  problems using cryptographic hash functions, the problem can be solved with high powered computers. As the value of bitcoin rises the number of people entering into the bitcoin mining is also increasing.Now a days many people are found investing on bitcoin mining rigs and farms like in China, America and so on for mining bitcoins as much as possible, and bitcoin mining warehouse are built in places where the electricity prices are too low, others also find alternative sources like installing solar panels, thermal energy and other sources to produce electricity where the countries electricity rates are unaffordable for mining.


Bitcoin mining is a thing by which the transcation of Bitcoin will happen.This  transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions of Bitcoin .

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October 27, 2017, 10:43:54 PM
 #84

Bitcoin mining is somewhat similar to mining gold and just like Gold there is only a limited number of 21 million Bitcoins can be mined each time the difficulty of mining increases, for mining Bitcoins there is a need of good computers and a special to solve complicated arithmetical  problems using cryptographic hash functions, the problem can be solved with high powered computers. As the value of Bitcoin rises the number of people entering into the Bitcoin mining is also increasing.

Now a days many people are found investing on Bitcoin mining rigs and farms like in China, America and so on for mining Bitcoins as much as possible, and Bitcoin mining warehouse are built in places where the electricity prices are too low, others also find alternative sources like installing solar panels, thermal energy and other sources to produce electricity where the countries electricity rates are unaffordable for mining.

If we put in a simple way, the Bitcoin mining is making money by preparing hardware and electricity. The hardware will work automatically and we do not need to do any work. We just need to set and clean the hardware so it is not damaged and dusty. We also have to control the temperature of the hardware so it is not too hot and quickly damaged.

But nowadays, Bitcoin mining are very difficult because of increasing competition and increasingly difficult code breaking.

You are very good at describing the Bitcoin mining with gold mining. Both are somewhat similar, if gold we need a variety of heavy equipment to do the mining. But if Bitcoin, we only need computers and hardware only. To be sure the Bitcoin mining is much cheaper.

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October 29, 2017, 01:38:20 AM
 #85

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.
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October 29, 2017, 01:40:26 AM
 #86

if you've ever wondered where Bitcoin comes from and how it goes into circulation, the answer is that it gets "mined" into existence. Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards incentivize mining and include both the transaction fees (paid to the miner in the form of Bitcoin) as well as the newly released Bitcoin.
I really much agree with the explanation.  According to me, 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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.
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October 30, 2017, 01:04:26 PM
 #87

It was clearly explained already above but to contribute, the technical definition of Bitcoin mining is a computer process used to get and gain bitcoin transactions payments from one address or account to another. Each group of transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain called bloackchains. This ledger of past transactions is called the blockchain. The blockchain serves to confirm transactions to the rest of the network as having taken place. Anyone with access to the internet and suitable hardware can participate in mining. The mining process involves compiling recent transactions into blocks and like trying to solve a puzzle like situation.

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October 30, 2017, 01:31:49 PM
 #88

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
Well, I have never been try it before so I have less knowledge about bitcoin mining. However, as far as I know bitcoin mining is another way of gaining bitcoin yet, it is not that risky compared to other transaction. In order to try bitcoin mining you must have a fast internet connection and a hardware that mine bitcoins.

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October 30, 2017, 02:54:51 PM
 #89

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
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October 30, 2017, 09:11:50 PM
 #90

mining is those guys who use their prepossessing power to confirm your transaction 
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October 31, 2017, 10:26:47 PM
 #91

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.
Bitcoin is digital cryptocurrency and can be useful for a lot people and for those who didn’t have a job and setting in their houses free, they need to focus on bitcoin mining, bitcoin mining means that to earn or buy bitcoin by investing or spending money on it.

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October 31, 2017, 10:45:28 PM
 #92

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
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.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.
Bitcoin is digital cryptocurrency and can be useful for a lot people and for those who didn’t have a job and setting in their houses free, they need to focus on bitcoin mining, bitcoin mining means that to earn or buy bitcoin by investing or spending money on it.
I think you didn't get what is bitcoin mining, do you? Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and the new bitcoin are released. Bitcoin mining for profit is very competitive and the volatility in the bitcoin price makes it difficult to realize monetary gains without also speculating on the price. If you have an access of cheap electricity and the ability to manage a large installation and business, you can mine for a profit.

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October 31, 2017, 11:34:47 PM
 #93

Bitcoin mining is the process of obtaining bitcoin by using bitcoin mining machines that run special software to view these transactions and collectively add them to the current 'block' of the transaction, while collecting the cost of the miners listed in each transaction This is the first incentive for bitcoin miners. The second incentive comes from block mining. For each transaction of bitcoin blocks generated, miners compete to solve 'difficult' math problems. The winner of this competition gets some new bitcoin made.

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November 01, 2017, 07:33:38 AM
 #94

What is Bitcoin (bitcoin, btc, Btk, bitcoin) in simple words? This is a new generation of decentralized digital currency, created and operating only on the Internet. No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is the essence of bitcoin.
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November 01, 2017, 01:37:26 PM
 #95

Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions.
Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with everyone on the network to earn bitcoins. Faster Bitcoin mining hardware is able to attempt more tries per second to win this lottery while the Bitcoin network itself adjusts roughly every two weeks to keep the rate of finding a winning block hash to every ten minutes. In the big picture, Bitcoin mining secures transactions that are recorded in Bitcon's public ledger, the block chain. By conducting a random lottery where electricity and specialized equipment are the price of admission, the cost to disrupt the Bitcoin network scales with the amount of hashing power that is being spent by all mining participants.
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November 01, 2017, 02:24:45 PM
 #96

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Bitcoin mining means producing bitcoin and the sell them in the market. It is a process of producing digital currency and to make money due to the sale of bitcoin in the world market. I think bitcoin mining is not easy and it is also very costly because of the high prices of mining tolls and electricity. Bitcoin miners I think are the high earning community from all other ways of earning money in bitcoin.


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November 01, 2017, 02:41:12 PM
 #97

Bitcoin mining is a the  process  by which ledger, know as the block chain  and also means through  which  new bitcoin are released,  the  mining  process  involved  compiling recent transaction  into block  and trying to solve a computation  difficult  puzzle.

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November 01, 2017, 03:05:24 PM
 #98

Bitcoin mining is the process of which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new bitcoins are released. ... The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.
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November 01, 2017, 03:35:02 PM
 #99

Bitcoin mining is the process by which the transaction information distributed within the Bitcoin network is validated and stored on the blockchain. It is a term used to describe the processing and confirmation of payments on the Bitcoin network.

What makes the validation process for Bitcoin different from traditional electronic payment networks is that there is no need for an issuing bank, an acquiring bank, merchant accounts or mandatory centralized clearing houses, such as Visa and MasterCard, holding onto funds until they process transactions at the end of each day.
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November 02, 2017, 03:57:52 PM
 #100

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions.
Oh, good answer.  I was searching for as like your answer.  By the way thank you very much.
Before than I also thinking what can be it (mining).
Then,  I am clear about this question.

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November 02, 2017, 04:45:37 PM
 #101

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

Basically mining is the process of adding transaction records to bitcoins investor journal of past history. Mining  build the network. Without mining their is no network and it will have zero value. You can say that bitcoin is dependent on mining. when you run the mine bitcoins then it is measured in hashes per second. Mining is used to introduce bitcoin in the system. Their is many types of mining like CPU mining, FPGA mining, pools, cloud mining etc. Hope it will help you. Smiley
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November 03, 2017, 04:26:21 AM
 #102

Mining is the creation of crypto coins by a special algorithm. A unique data set (or block) is generated on the computer, which confirms the authenticity of payment transactions. The block consists of a header hash of the previous block, a hash of transactions, and a random number. A chain containing all transactions is called a blockchain.

Characteristic features of mining and blocking:
1)There is no centralized management in the virtual currency production system;
2)The system is anonymous;
3) It is impossible to create more bitcoins and altcoins than is necessary because the algorithm is given and it can not be changed;
4)Transactions can not be canceled, and all information about them is stored in a common database;
5)Earnings are provided from the resources of a separate computer.

Also you can use this a video "How to Mine Bitcoins Using Your Own Computer"
https://www.youtube.com/watch?v=6QpgP7XIzxk
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November 03, 2017, 12:58:39 PM
 #103

Mining as a art of adding transaction history to bitcoin's public Ledger of revious transaction.
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November 04, 2017, 03:43:44 AM
 #104

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

Bitcoin mining is the process where bitcoin blocks are being solved and those blocks contains bitcoins.It is a way for a person to have a bitcoin but difficulty level goes high because of the competition between miners.

Another purpose of mining is for transaction confirmations, every time a bitcoin is transferred from one wallet to another confirmations are needed for the transaction to be verified and for it to go through, those transactions are also included on the blocks that miners are solving every time. We can say that mining is the heart of the block chain once mining stops bitcoin might die because transfers will be impossible.
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November 04, 2017, 07:52:26 AM
 #105

BITCOIN MINING can be defined as a process of verifying and securing bitcoin transaction...
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November 04, 2017, 03:38:03 PM
 #106

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

From the word itself mining means you are trying to look for something like gold mining you need to dig the soil to get gold, in bitcoin you need to solve blocks to get bitcoins.

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November 04, 2017, 09:19:50 PM
 #107

The first and only way to earn Bitcoin was mining. This is a unique way that allows you to receive a crypto currency by "putting into operation" the power of your home computer. The essence of the principle is that the PC solves mathematical problems. After the solution of the problem (hash) is found, the miner will receive the reward. The profitability of mining fell significantly after the appearance of special devices on the market. The full professionalization of production made the use of conventional stationary computers unprofitable.
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November 05, 2017, 08:34:32 AM
 #108

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

From the word mining, it is the process of extracting bitcoins from the network.
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November 05, 2017, 02:34:34 PM
 #109

It is the process for those transactions to go through. Miners are giving confirmations for the transactions.
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November 05, 2017, 04:07:30 PM
 #110

and you receive few bitcoin for that Smiley
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November 05, 2017, 04:11:28 PM
 #111

Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second.

The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins. The more computing power you contribute then the greater your share of the reward.

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November 05, 2017, 05:11:32 PM
 #112

Posted for the umpteen millionth time:

Start by browsing through the Beginners & Help section...
Point-1 to remember is that not all crypto coins are 'Bitcoin'. Bitcoin is a specific coin with very specific hardware needs which is very different from the hardware other coins use. The other coins are in general called altcoins and they have their own areas here so when you start posting hardware questions be sure you post in the correct area.

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November 05, 2017, 08:39:59 PM
 #113

Bitcoin mining is the process by which the transaction information distributed within the bitcoin network is validated and stored on the blockchain.It is a strategy in which you solve mathematical problems  and get paid once you solved it. However,profitability in this case depends on many factors and how willing you are to take risk.
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November 06, 2017, 10:58:27 AM
 #114

Mining bitcoin is mostly a scam and has no results...
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November 06, 2017, 02:43:23 PM
 #115

It is a 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.People with access to the internet and suitable hardware can participate in mining.  This mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.

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November 07, 2017, 04:39:55 AM
 #116

In very simple words,  Its a process of verification of Bitcoin transactions.  You may use your own hardware to mine you btc.
my bitcoin mining is not really in the know yet, which I know is now mine by finding a way to get bitcoin in this forum either by signature or something else, and there is also to buy it at a cheap price and invest it so that the result is maximal in when the time is right .. so far that's all that I know, because I have not been there in bitcoin. but bitcoin motivates me to search and find the smallest bitcoin I get ..

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November 07, 2017, 05:48:35 AM
 #117

Hi there.. It is simply a deep process of collecting or adding transaction records to Bitcoin's public ledger of previous transactions. This public ledger is called block chain.

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November 07, 2017, 08:19:59 AM
 #118

bitcoin mining is like let your hardware work for you.. passive in come may apply.. it cost you money and a lot of electrical power consumption. maybe its reliable to other but not in mine. Wink

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November 07, 2017, 11:19:38 AM
 #119

Mining bitcoin is mostly a scam and has no results...

Not at all bro.I was doing Mining of various Altcoin and includes Bitcoin too.Of that Bitcoin is the one give more profit.But the Set up for that is very high.You have to spend more to implement the Bitcoin Mining.You can use solar panels for More profit from that bitcoin Mining.

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November 07, 2017, 02:53:01 PM
 #120

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 worldwide.

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November 07, 2017, 03:13:05 PM
 #121

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

Bitcoin mining is the process by which transaction are verified and added to the public ledger known as block chain
Bitcoin mining is intentionally designed
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November 08, 2017, 01:19:40 PM
 #122

For me I would define bitcoin mining as the heart of Bitcoin. Once mining stops then
Bitcoin transactions will also stop that will cause the downfall of the coin.
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November 08, 2017, 02:15:34 PM
 #123

Is it profitable to try and mine BTC with a computer? Seems to take forever to earn just 1 Satoshi.

Collectorcoin Pre-ICO Investor
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November 08, 2017, 02:36:42 PM
 #124

Bitcoin mining is similar to transaction processing. Which means this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.
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November 08, 2017, 05:45:59 PM
 #125

Bitcoin mining is similar to transaction processing. Which means this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.


Mining is a one process of bitcoin it's called transaction like that selling and buying  including in that and not done by individually and so it also called as heart of bitcoin.

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November 09, 2017, 05:14:44 PM
 #126

Bitcoin mining is similar to transaction processing. Which means this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.


Mining is a one process of bitcoin it's called transaction like that selling and buying  including in that and not done by individually and so it also called as heart of bitcoin.

Bitcoin mining counit  the all networking process. It will good opportunist improving the communication process. Mining is more power full process and get the more information process  for the business improvement. Mining is need to cooling process and it will counit the all communication process.
Mining is good improve the business process.

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November 09, 2017, 08:29:04 PM
 #127

Bitcoins  All transaction depends on  the blockchain.And blockchain connect with many computers.And when you do any btc transaction its not go directly to that person easily.But the miners make the transaction process fast and easily by solve the blocks.who first successful  solve that puzzle ;that person  get  that transaction fee.And it's called minning and bitcoins and that person called as miner.

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November 10, 2017, 07:14:21 AM
 #128

In cloud mining are you relying on a third party?
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November 10, 2017, 09:21:24 AM
 #129

In cloud mining are you relying on a third party?
Yes, you have to rely on third party and I don't advice you to leap into cloud mining because every cloud mining of this days end up scamming people off their money and it will be better if you invest your money into ICO rather than cloud mining.

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November 10, 2017, 12:13:40 PM
 #130

In cloud mining are you relying on a third party?
Yes, you have to rely on third party and I don't advice you to leap into cloud mining because every cloud mining of this days end up scamming people off their money and it will be better if you invest your money into ICO rather than cloud mining.

Bitcoin mining requires a computer and a special program.Miners will use this program and a lot of computer resources to compete with other miners in solving complicated mathematical problems.About every ten minutes,they will try to solve a block that has the latest transaction data in it,using cryptographic hash functions.
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November 10, 2017, 02:50:42 PM
 #131

Mining is the terms used to securing the network, processing and confirming of transactions which also act as means of keeping everyone in the system synchronized together. In addition to, it also serves as the mechanism used to issue new coins into the capital market.



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November 10, 2017, 04:58:26 PM
 #132

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
I will add a video link. It is the short and very well put concept about mining video for the people that I have come across. The people who are completely new can also benefit from this clip.
https://www.youtube.com/watch?v=qFOeFXwCuLw
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November 10, 2017, 05:56:59 PM
 #133

Bitcoin 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 blockchain.

A Bitcoin is defined by the digitally signed record of its transactions, starting with its creation. The block is an encrypted hash proof of work, created in a compute-intensive process. Miners use software that accesses their processing capacity to solve transaction-related algorithms . In return, they are awarded a certain number of Bitcoins per block. The block chain prevents attempts to spend a Bitcoin more than once - otherwise the digital currency could be counterfeited by copy and paste.

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November 10, 2017, 08:54:38 PM
 #134

Bitcoin mining is the process of by which transaction are verified and added to the public ledger, known as the Block chain. Bitcoin mining is verify transaction form one user to other user by block chain.  Without mining it's not possible to successful transaction.

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November 10, 2017, 08:58:31 PM
 #135

How can I mining bitcoin?

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November 10, 2017, 09:27:46 PM
 #136

Hello.

Does anybody think there is still time and point for newbies to mine BTC or better to try smth else?
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November 10, 2017, 09:35:27 PM
 #137

I think in the simple way , we could see mining Bitcoin as solving Maths but the thing is it's machines's job not for human.

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November 12, 2017, 02:07:17 PM
 #138

It is Bitcoin mining which is a process by this process  transactions are verified and added to the public ledger. By mining new bitcoins are created. The mining process involves compiling recent transactions into blocks. Mining is also a process to sell bitcoin in the market.

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November 12, 2017, 05:01:55 PM
 #139

Bitcoin mining is the first way to earn bitcoins, The stronger your gpu means the best hash rate you will gonna get. It will be an advantage for you if your area has a low electricity consumption because mining hardware also consume a lot of electricity.

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November 13, 2017, 05:53:57 AM
 #140

Bitcoin mining helps to release new bitcoins in the cryptography network out of the 21 million bitcoins by solving complicated mathematical problems through power generated machines like GPU and ASIC miners, in the early stages of bitcoins bitcoin mining was so simple that even CPU mining was possible which means mining with normal computers they were used to release 50 to 150 bitcoins for a single mining. Every four to three years the difficulty of mining increases, the bitcoin miners makes the bitcoin network more secure by verifying and approving each transactions carried out in the bitcoin network.

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November 13, 2017, 07:22:56 AM
 #141

Is it still possible to mine btc without actually buying expensive gadgets and using less electricity?.
I hear it can't be done due to the high influx of big corporations in btc mining.
Is this information true?

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November 13, 2017, 04:26:18 PM
 #142

For me I would define bitcoin mining as the heart of Bitcoin. Once mining stops then
Bitcoin transactions will also stop that will cause the downfall of the coin.

Hello sir, can explain to me the possible reason why bitcoin mining is the heart of BTC? just for clarification to me if you don't mind. I just wanna understand clearly. Thanks.

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November 13, 2017, 06:20:39 PM
 #143

bitcoin mining is just like a production machine of different commodities. as there are different things for different machines.
bitcoin is also a machine for mining bitcoin.
bitcoin is not a physical currency therefore making a bitcoin is called mining and not production.
mining is also very profitable and covers all the capital of miners in just a few months.
mining also do not take too much time.
mining is actually the production of bitcoins.
bitcoin mining is just a simple thing, bitcoin mining is actually solving the mathematical problem and then creating new bitcoins.
mined bitcoins are the bitcoins that are transacted once and then stored.
bitcoin mining is the process of which transactions are verified and then added to the public ledger, known as the block chain and also the means through which new bitcoin is released.
Only because of mining the whole bitcoin network is working.
in the early stages of bitcoin and blockchain technology mining is so easy that bitcoin mining can be done easily with normal computer's after every three to four years time this technology is increasing the difficulty of mining bitcoins so now it is not possible to mine bitcoin with simple computers.
High has ASIC mining machines and power generators are required for mining. In most of the developed countries miners use mining rigs and power plants for mining and to mitigate electricity they use natural resources like solar panels and geothermal energy sources for generating power.

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November 14, 2017, 05:30:26 AM
 #144

In another definition, Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards.
 In reality, it's simply the verification of bitcoin transactions. For example, mr Ben buys a TV from mr John with a bitcoin. In order to make sure his bitcoin is a genuine bitcoin, miners begin to verify the transaction.
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November 14, 2017, 01:01:47 PM
 #145

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
bitcoin mining is buying and selling coins with world currencies. Bitcoin can be called a stock for profit and can invest it for capital.
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November 15, 2017, 02:39:43 AM
 #146

Bitcoin mining is a way of owning bitcoins through trading.
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November 15, 2017, 02:51:32 AM
 #147

This is a form of bitcoin mining by excavators, which digs up algorithms to obtain bitcoin. Currently bitcoin mining is a very hot sector. Every day, there are many bitcoin exploiting farms in the world.
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November 15, 2017, 07:03:39 AM
 #148

Bitcoin mining is the way in which miners use digging machines to solve complex codes to obtain bitcoins. There are now many people involved in this field.
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November 15, 2017, 02:01:50 PM
 #149

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
I think bitcoin mining is a way to get bitcoin in the main trading way to profit for people.
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November 15, 2017, 02:41:55 PM
 #150

Bitcoin mining (Bitcoin Mining) is one way to get a Bitcoin. As mentioned earlier, we can see the Bitcoin as a great global cash system that stores transaction history (or ' movement of money ') from one person to another. When the transaction was processed in the Bitcoin Bitcoin network--meaning that Bitcoin is being transferred from one person to another--someone needs to ensure that all transactions have been properly recorded and cash systems have synchronized worldwide.

In that case, this process is not a Bitcoin is done by an individual or a company, but by thousands of computers around the world that are connected to the internet. This computer is known as miners or miners ' '. Simply put, they are ' computer that processes the transaction '.

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November 15, 2017, 02:43:26 PM
 #151

Hello,

Maybe this will help  Smiley  : https://www.coindesk.com/information/how-bitcoin-mining-works/

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November 15, 2017, 03:30:04 PM
 #152

as I am thinking ,its a king of calcuating then we can earn some bitcoin as payback, and other coin like BTC is also the same way
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November 15, 2017, 06:08:44 PM
 #153

Hi,

If you want to find out more about Bitcoin mining, I'm doing weekly videos on YouTube; showing profitability mining in Québec. We currently have 5.6 cents electricity cost. Currently uploaded week 3 and will be doing a video each week showing how our Antminer S9 is doing. We ordered a few more S9, but for consistency, I'll keep showing profitability for the original miner.

https://youtu.be/JY4yStm0f7w

Cheers
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November 15, 2017, 07:41:27 PM
 #154

Hi,

If you want to find out more about Bitcoin mining, I'm doing weekly videos on YouTube; showing profitability mining in Québec. We currently have 5.6 cents electricity cost. Currently uploaded week 3 and will be doing a video each week showing how our Antminer S9 is doing. We ordered a few more S9, but for consistency, I'll keep showing profitability for the original miner.

https://youtu.be/JY4yStm0f7w

Cheers


Mining is the simplest way to earn bitcoin, but the source capital will be high. You have to make Mining Setup by using Solar panels as a source for getting more profit from the Mining Setup. If you have a plan to do mining means, you can make a Mining set up by seeing the you tube .

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November 17, 2017, 08:51:52 AM
 #155

Bitcoin mining is a way of owning bitcoins through trading.
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November 17, 2017, 09:04:44 AM
 #156

At the moment it’s if you mining a other coin with a higher daily profit and then you trade this coin to bitcoin. This is more profitable then btc-mining.

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November 17, 2017, 11:06:29 AM
 #157

bitcoin mining is a combination of a mining rig + best internet you can have + your electricity
you can mine coins ICO and have it on your wallet .. today there's no more bitcoin to be mine .. and some coins have high value so you will get a little .. there's a lot of thread here that you can read for a helpful hand .. loon on MINING thread pal and you will learn a lot there...

P.S for me the best coin to mine are the low coin value so once it pump on the market you already have the investment Smiley
Thank you very much ynathopak14 because you give me information to bitcoin mining and i now know answer  mining

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November 18, 2017, 02:12:29 AM
 #158

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
such as mining gold but different ways it works if mining Bitcoin using antminer engine and can only for online mining. the simpler is to get Bitcoin easily and automatically.

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November 19, 2017, 07:05:17 AM
 #159

Mining makes sense only if you are going to make it fun, so you do not care if you make profit, or you can do it very efficiently and for profit only with investments of many thousands of euros.

If you want to get bitcoins based on a fixed mining power, but you do not want to run the hardware, you can purchase a mining contract.
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November 23, 2017, 07:49:26 AM
 #160

In another definition, Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards.
 In reality, it's simply the verification of bitcoin transactions. For example, mr Ben buys a TV from mr John with a bitcoin. In order to make sure his bitcoin is a genuine bitcoin, miners begin to verify the transaction.

Bitcoin is not a physical currency. It is digital currency and the process of production is called mining bitcoin. That’s why bitcoin is also a production machine which is placed in blockchain or any other digital bitcoin wallet. After placing these processed bitcoins in wallets then these are announced for selling and the people buy these digital bitcoins and keep them in the same blockchain or different wallets.

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November 23, 2017, 08:29:17 PM
 #161

It is basically the way that transactions are verified and added to the ledger (blockchain), but also it is the term for ``mining`` new bitcoins.
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November 25, 2017, 11:19:43 AM
 #162

bitcoin mining is like let your hardware work for you.. passive in come may apply.. it cost you money and a lot of electrical power consumption. maybe its reliable to other but not in mine. Wink
Most of the people are involved in other activities rather in mining as just like you many people don’t rely on it but I myself do believe in it and consider it as a source of earning and a profitable job especially for those people who are living in countries where the electricity is very much cheap because mining is highly energy consuming activity.

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November 25, 2017, 01:14:37 PM
 #163

Mining bitcoin is mostly a scam and has no results...

Not at all bro.I was doing Mining of various Altcoin and includes Bitcoin too.Of that Bitcoin is the one give more profit.But the Set up for that is very high.You have to spend more to implement the Bitcoin Mining.You can use solar panels for More profit from that bitcoin Mining.
My thoughts do agree with you as I also consider mining as a best source of earning likewise investment of income or participation in signature campaigns although it is right that there are some limitations in mining like high cost of electricity for which your suggestion for installation of solar panels is highly commendable to me.

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