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Author Topic: What is Bitcoin mining?  (Read 8202 times)
pxo.011
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November 07, 2017, 08:19:59 AM
 #121

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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MiningBattalion
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November 07, 2017, 11:19:38 AM
 #122

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
 #123

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
 #124

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
Xabad
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November 08, 2017, 01:19:40 PM
 #125

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
 #126

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

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Deddy_Kazekage
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November 08, 2017, 02:36:42 PM
 #127

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
 #128

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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spartan82
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https://i.imgur.com/QaEKRMt.png


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November 09, 2017, 05:14:44 PM
 #129

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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mr.charming
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November 09, 2017, 08:29:04 PM
 #130

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
 #131

In cloud mining are you relying on a third party?
suzanne5223
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November 10, 2017, 09:21:24 AM
 #132

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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sivagananathan
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November 10, 2017, 12:13:40 PM
 #133

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
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November 10, 2017, 02:50:42 PM
 #134

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
 #135

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
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November 10, 2017, 05:56:59 PM
 #136

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
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November 10, 2017, 08:54:38 PM
 #137

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
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November 10, 2017, 08:58:31 PM
 #138

How can I mining bitcoin?
Jim001
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November 10, 2017, 09:27:46 PM
 #139

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
 #140

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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