About Mining

[senorita]

Hey, i want to know that what is mining in the process of bitcoin purchasing. Can anyone tell me about this mining? Although mining is a process to get bitcoins. You cannot able to bitcoins without mining. Is it?



Thank You.

[shorena]

Hey, i want to know that what is mining in the process of bitcoin purchasing.

Think of mining like digging up gold.

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You cannot able to bitcoins without mining. Is it?
-snip-

Ofc you can just buy bitcoins or sell goods and services for bitcoins. You dont have to mine in order to get Bitcoins. Mining might not be profitable for you, unless you have a lot of money to invest. You might make a little by mining alt coins with your PC though. There is a subforum for that.

[Pony789]

Regarding mining, it not only generates new bitcoin to the miners, but it also enable transactions to get confirmed (putting the transactions into the blockchain).

FYR: https://en.bitcoin.it/wiki/Mining

[roslinpl]

Hey, i want to know that what is mining in the process of bitcoin purchasing. Can anyone tell me about this mining? Although mining is a process to get bitcoins. You cannot able to bitcoins without mining. Is it?

Thank You.

Well miners makes Bitcoin flow over the network.
Bitcoin is p2p network - it needs users to stay alieve. Miners are confirming transactions for other not miners and miners are digging new Bitcoin blocks.

[mrgoe]

Of course you need to mine for bitcoins if you need bitcoins. That is if you aren`t going to buy them..

[Beymond]

If years ago yes you can only mine them , but not they are all in the market you can just buy them from the other .

[nabeton]

I'm also new to btc and so far I understand miners as bank accountants of btc world


simply put, they supervise all transactions, writing (hashing) them in to account book (blockchain) and for every complete sheet (block) they receive reward, currently 25 BTC + fee from every written (hashed) transaction

please correct me if I'm wrong

[roslinpl]

If years ago yes you can only mine them , but not they are all in the market you can just buy them from the other .

Well perhaps both ways are good to get some BTC

[MonkeyDOH]

Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

[zeeshanblc]

If you want to mine bitcoin now you need a specialised hardware or they called asics. Mining is the process of adding new bitcoin into the blockchain and confirming the transactions.

My advise if you want to acquire bitcoins just buy it with your money. No hassle.