What is Bitcoin mining?

[saleenasmith]

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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[1713562047]

1713562047

[1713562047]

1713562047

[dulce dd121990]

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.

[Bitcoinjheta]

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.

[tanthu90]

thank

[quovadiz]

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.

[BusyBeaverHP]

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.

[BlackPanda]

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.

[reda]

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.  

[Tkking15]

What is the easiest way to start mining for a newbie

[lihongjing]

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.

[Viscera]

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.

[Yumi027]

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.

[rockyram]

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.

[xaxistech]

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!

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

[Brennda97]

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[mestre009]

compensates today to make a mining rig to mine small crypto coins with a stake in its future valuation

[recklessMe]

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

[Lucas*]

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.

[pokeronlinestatus]

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.   

[RealKhan]

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