Bitcoin Forum
November 19, 2017, 11:14:57 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 6 7 8 9 »  All
  Print  
Author Topic: What is Bitcoin mining?  (Read 7766 times)
jackhero
Jr. Member
*
Offline Offline

Activity: 42


View Profile
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 ^^

1511090097
Hero Member
*
Offline Offline

Posts: 1511090097

View Profile Personal Message (Offline)

Ignore
1511090097
Reply with quote  #2

1511090097
Report to moderator
1511090097
Hero Member
*
Offline Offline

Posts: 1511090097

View Profile Personal Message (Offline)

Ignore
1511090097
Reply with quote  #2

1511090097
Report to moderator
1511090097
Hero Member
*
Offline Offline

Posts: 1511090097

View Profile Personal Message (Offline)

Ignore
1511090097
Reply with quote  #2

1511090097
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511090097
Hero Member
*
Offline Offline

Posts: 1511090097

View Profile Personal Message (Offline)

Ignore
1511090097
Reply with quote  #2

1511090097
Report to moderator
1511090097
Hero Member
*
Offline Offline

Posts: 1511090097

View Profile Personal Message (Offline)

Ignore
1511090097
Reply with quote  #2

1511090097
Report to moderator
1511090097
Hero Member
*
Offline Offline

Posts: 1511090097

View Profile Personal Message (Offline)

Ignore
1511090097
Reply with quote  #2

1511090097
Report to moderator
Bustart
Full Member
***
Offline Offline

Activity: 175


View Profile
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.

Philopolymath
Sr. Member
****
Offline Offline

Activity: 252

Walter Russell's Cosmogony is RIGHT!


View Profile
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.

8x S9's and  A Polarity Controlled  Electric Gyroscope
johndoe784r
Jr. Member
*
Offline Offline

Activity: 59

Text goes here


View Profile
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]

This
jvferrer04
Newbie
*
Offline Offline

Activity: 11


View Profile
September 20, 2017, 06:13:45 AM
 #25

One of the fundamental questions many people have about Bitcoin revolves around the tokens themselves. Questions about its value, security and history, all eventually lead to one place: Where do bitcoins come from?

While traditional money is created through (central) banks, bitcoins are “mined” by Bitcoin miners: network participants that perform extra tasks. Specifically, they chronologically order transactions by including them in the Bitcoin blocks they find. This prevents a user from spending the same bitcoin twice; it solves the “double spend” problem.

Skipping over the technical details, finding a block most closely resembles a type of network lottery. For each attempt to try and find a new block, which is basically a random guess for a lucky number, a miner has to spend a tiny amount of energy. Most of the attempts fail and a miner will have wasted that energy. Only once about every ten minutes will a miner somewhere succeed and thus add a new block to the blockchain.

This also means that any time a miner finds a valid block, it must have statistically burned much more energy for all the failed attempts. This “proof of work” is at the heart of Bitcoin’s success.

For one, proof of work prevents miners from creating bitcoins out of thin air: they must burn real energy to earn them. And two, proof of work ossifies Bitcoin’s history. If an attacker were to try and change a transaction that happened in the past, that attacker would have to redo all of the work that has been done since to catch up and establish the longest chain. This is practically impossible and is why miners are said to “secure” the Bitcoin network.

In exchange for securing the network, and as the “lottery price” that serves as an incentive for burning this energy, each new block includes a special transaction. It’s this transaction that awards the miner with new bitcoins, which is how bitcoins first come into circulation. At Bitcoin’s launch, each new block awarded the miner with 50 bitcoins, and this amount halves every four years: Currently each block includes 12.5 new bitcoins. Additionally, miners get to keep any mining fees that were attached to the transactions they included in their blocks.

Anyone can become a Bitcoin miner to try and earn these coins. However, Bitcoin mining has become increasingly specialized over the years and is nowadays mostly done by dedicated professionals with specialized hardware, cheap electricity and often big data centers.

To mine competitively today, you need to know what you’re doing, you must be willing to invest significant resources and time, and — last but not least — you need access to cheap electricity. If you have all of this, you too can give it a shot and become a Bitcoin miner.


BITCOINTALK HAS BEEN POPULAR NOW!
Bastime
Sr. Member
****
Offline Offline

Activity: 270



View Profile
September 21, 2017, 03:47:54 PM
 #26

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.

Bastime
Sr. Member
****
Offline Offline

Activity: 270



View Profile
September 21, 2017, 03:54:11 PM
 #27

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.

Bakul_cacing
Member
**
Offline Offline

Activity: 112

PoSTOken


View Profile
September 22, 2017, 09:12:21 AM
 #28

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

prettyij
Newbie
*
Offline Offline

Activity: 28


View Profile
September 22, 2017, 09:57:18 PM
 #29

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
















ramyon
Full Member
***
Offline Offline

Activity: 140


View Profile
October 04, 2017, 06:59:33 PM
 #30


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?
ekurtovic
Member
**
Offline Offline

Activity: 84

Bosnia...


View Profile
October 04, 2017, 07:03:14 PM
 #31

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
Follow us: Investopedia on Facebook
love007
Newbie
*
Offline Offline

Activity: 24


View Profile
October 05, 2017, 01:05:23 AM
 #32

Define in advance the hardware you want to use for mining. There are three options: processor, graphics card and ASIC card. For those of you who are kidding try Jaka suggest start with graphics card, do not do with processor. The reason is, just look at the following simple chart.  Grin
cah ndablek
Full Member
***
Offline Offline

Activity: 126



View Profile
October 05, 2017, 03:26:51 AM
 #33

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.

▬▬▬ ▰ ▰ ▰ ▰ ▰ ▰ E i d o o ▬ your blockchain asset experience ▰ ▰ ▰ ▰ ▰ ▰ ▬▬▬
▬▬▬▬▬▬▬▬▬ " Token Sale Raised 82,372.33 ETH " ▬▬▬▬▬▬▬▬▬
▬▬▬ ▰ ▰ ▰ ▰ ▰ ▰ TwitterFacebook  ▰ BountyDiscussion ▰ ▰ ▰ ▰ ▰ ▰ ▬▬▬
consuelatimofte
Newbie
*
Offline Offline

Activity: 1


View Profile WWW
October 05, 2017, 06:27:03 AM
 #34

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.

Hy Thanks

Best Accountancy services
NotFuzzyWarm
Legendary
*
Offline Offline

Activity: 1260


Evil beware: We have waffles!


View Profile
October 05, 2017, 12:48:16 PM
 #35

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.
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
sukoon
Jr. Member
*
Offline Offline

Activity: 56


View Profile
October 05, 2017, 03:19:17 PM
 #36

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.
kafeelniazi
Member
**
Offline Offline

Activity: 112


View Profile
October 05, 2017, 08:11:58 PM
 #37

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.

shawn995
Member
**
Offline Offline

Activity: 98


View Profile
October 06, 2017, 05:18:18 AM
 #38


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.

ihsanskanzaone
Member
**
Offline Offline

Activity: 70


View Profile
October 06, 2017, 05:28:50 AM
 #39

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.

Thanasis
Hero Member
*****
Offline Offline

Activity: 516



View Profile
October 06, 2017, 05:46:59 AM
 #40

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.


██████████.......█████......
████████████.....███████.....
███....█████.....███████.....
███....█████.....███████.....
████....██████...█████████....
██████......██████████...█████████....
█████......██████......████....██...█████████....
█████......██████......████....███.███████████...
█████......██████......████....███.███████████...
███...................█████████████████.███████████...
███..███..█████.......██████████.████████████.█████████..
███..█████.......██████████.████████████.█████████..
█████.......██████████.████████████.█████████..
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......██.....█████████.....██████████
██████████.....█████████.....██████████
██████████.....█████████.....██████████
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
➤  TWITTER
➤  FACEBOOK
➤  INSTAGRAM
Pages: « 1 [2] 3 4 5 6 7 8 9 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!