What is Bitcoin mining?

[murcked]

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

[Deddy_Kazekage]

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'.

[bitcad4u]

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.

[spartan82]

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.

[mr.charming]

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.

[O$IRIS]

In cloud mining are you relying on a third party?

[suzanne5223]

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.

[sivagananathan]

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.

[posi]

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.

[Silverstone1111]

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

[liseff3]

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.

[monir34]

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.

[darasinmi4show]

How can I mining bitcoin?

[Jim001]

Hello.

Does anybody think there is still time and point for newbies to mine BTC or better to try smth else?

[parthgajjar]

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.

[Tamim121]

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.

[websoftwareengineer]

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.

[Stac]

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.

[whalez]

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?

[david_019]

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.