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Author Topic: What is Bitcoin mining?  (Read 10005 times)
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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]

This
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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
 #26

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
 #29


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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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'?......

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
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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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