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Author Topic: Minning  (Read 81 times)
becklyn06
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July 24, 2018, 12:31:00 AM
 #1

How does bitcoin minning work?
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odolvlobo
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July 24, 2018, 05:10:10 AM
 #2

How does bitcoin minning work?

http://lmgtfy.com/?q=how+does+bitcoin+mining+work

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July 24, 2018, 05:30:37 AM
 #3

There are many infographics and youtube video about how bitcoin mining works.
Check this youtube videos https://www.youtube.com/watch?v=L-Qhv8kLESY and this https://www.youtube.com/watch?v=GmOzih6I1zs


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MintDice
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July 26, 2018, 04:27:09 PM
 #4

We have a blog post titled: "How does Crypto Mining Work" it's a great place to start your research. The link can be found below...

http://bit.ly/CryptoMining101

Hope this helps.

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July 29, 2018, 02:37:39 AM
 #5

This is the page from Bitcoin wiki https://en.bitcoin.it/wiki/Mining

The wiki site is very useful to understand a lot of stuff, not just mining  Smiley
Kunzaii
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July 29, 2018, 06:33:58 AM
 #6

There is another section on this forum that handles mining.
You can check it out here: https://bitcointalk.org/index.php?board=14.0
Check the pinned messages and I think that will get you started.

Good luck!

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haruharu732
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August 02, 2018, 11:27:13 AM
 #7

Bitcoin digging is the process of using computers to detect bitcoins. So, if you want to earn a bitcoin, you have to have a computer that is extremely hard to configure, then you have to install software on your computer, then you have to register for the network. bitcoin, get the pool, then you give the software run, the bitcoin digging will automatically take place.
AzatFinrazor
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August 02, 2018, 04:46:10 PM
 #8

Mining is adding transaction to the database, the blockchain. Succesfully adding a bunch of transactions is rewarded with new coins. Thus, mining is also a way of creating new coins.

Miners use their computers to collect transactions into a block and then lock it so that the block cannot be changed. Locking a block takes a lot of computational resources. To change or delete a block, a malicious person would need more computing power than the rest of the users, which is unlikely to happen. This ensures the security of the blockchain.

To get more info, go to https://finrazor.com/news/what-is-mining
mocacinno
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August 02, 2018, 04:59:48 PM
 #9

Bitcoin digging is the process of using computers to detect bitcoins. So, if you want to earn a bitcoin, you have to have a computer that is extremely hard to configure, then you have to install software on your computer, then you have to register for the network. bitcoin, get the pool, then you give the software run, the bitcoin digging will automatically take place.

I'm sorry, but there were so many half truths and errors in this reply i just had to correct you:
You can't use a computer to mine anymore, you use a recent ASIC. The diff has been waaaaay to high for many years to allow mining profitably with a computer.

A recent ASIC is pretty easy to configure.

You don't need to register to the network (if you solo mine, you just collect broadcasted transactions in your mempool and receive new blocks... Based on the block header of the latest block you received and the unconfirmed transactions in your mempool, you can generate a new block header and try to solve your new block without registering your ASIC... Only when you solved a block, you need to broadcast it to the network), you don't HAVE to join a pool.

If you're not solo mining, you don't always have to register for a pool... There are pools that allow you to mine without registering (usually, you just use your withdraw address as a username and that's all)

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