Bitcoin Forum
May 12, 2024, 08:17:17 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: cryptocurrency mining  (Read 102 times)
Phebz (OP)
Newbie
*
Offline Offline

Activity: 154
Merit: 0


View Profile
March 01, 2018, 01:54:31 AM
 #1

For the most part, cryptocurrency mining is essentially a form of digital bookkeeping.
A miner performs accounting actions (also known as transaction verification) for the coin network of his choice. He gets paid for the service with a fraction of cryptocurrency every few days.
1715501837
Hero Member
*
Offline Offline

Posts: 1715501837

View Profile Personal Message (Offline)

Ignore
1715501837
Reply with quote  #2

1715501837
Report to moderator
1715501837
Hero Member
*
Offline Offline

Posts: 1715501837

View Profile Personal Message (Offline)

Ignore
1715501837
Reply with quote  #2

1715501837
Report to moderator
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
JerryBoy0215
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
March 01, 2018, 02:10:01 AM
 #2

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.
natteam11
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
March 02, 2018, 08:26:13 AM
 #3

MTC is developed on POS technology platform
This optimizes the transaction process and makes it quicker than other currencies.
Our team is very professional with years of experience in the field of technology
MTC community is being built by the team and members of the community. You should join the community. Besides you can get the gift from the team when you join us.
https://marineco.in/
sksshopee
Newbie
*
Offline Offline

Activity: 176
Merit: 0


View Profile
March 03, 2018, 04:00:11 PM
 #4

In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network. Some miners pool resources, sharing their processing power over a network to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work.
oliviancool
Full Member
***
Offline Offline

Activity: 532
Merit: 100



View Profile
March 05, 2018, 03:01:48 PM
 #5

Mining is generally an abyss. People spend a lot of money. And they very long return the money spent on equipment Some despair, surrender and sell everything. I believe that the best option is to sell the farm)))
Monkeyseemonkeydo
Member
**
Offline Offline

Activity: 246
Merit: 10


View Profile
March 05, 2018, 03:08:51 PM
 #6

For the most part, cryptocurrency mining is essentially a form of digital bookkeeping.
A miner performs accounting actions (also known as transaction verification) for the coin network of his choice. He gets paid for the service with a fraction of cryptocurrency every few days.

Thank you for that information, we already know what is cryptocurrency mining. What was the point in creating that thread? What forced you?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!