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Author Topic: mining crypto  (Read 99 times)
edwardtay (OP)
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October 25, 2020, 02:39:24 PM
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 #1

You might have seen stories over the years about bitcoin miners and how they are producing bitcoin tokens. These people generate this and other cryptocurrencies through a process called mining.

Cryptocurrency mining is a practice that entails the creation of tokens. These tokens are critical for many purposes, from the production of decentralized applications to ecommerce functions.

But how does the crypto mining process work? The effort entails a thorough routine that ensures the mining effort works well. You could get in on the mining industry yourself, but you’d have to take note of many things over how it works. It is not as simple of a process as you might assume.

https://swapzone.io/learn/how-does-cryptocurrency-mining-work/
tiedcoin
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October 25, 2020, 03:37:54 PM
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A miner will have to use a computer to review enough transactions to produce tokens. A miner has to complete enough verified transactions before that person can mine the coins from the currency. The number of transactions that one must review will vary by setup.
beaxchange
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October 25, 2020, 03:39:59 PM
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A computer will be necessary for taking care of the mining effort. A mining computer will require many things:

A processor fast enough to go through bitcoin transactions or anything else on a network
A graphics processing unit that can review multiple transactions
A hard drive large enough to collect data on the blockchain; an average chain can be tens of gigabytes in size
Enough cooling materials to ensure the computer will not overheat
luckyflop
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October 25, 2020, 04:31:49 PM
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There is a separate section for mining you can visit
https://bitcointalk.org/index.php?board=160.0
But totally I don't think mining bitcoin with personal computers worth it, not even with 1 or 2 miner unless you got a farm, these days people do yield farming and staking, if you have farmed $easy on matic network before you would have 12x profit now, so it's not always bitcoin mining which works.
bassbity
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October 25, 2020, 05:03:04 PM
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pay attention to where you will open the topic of discussion. https://bitcointalk.org/index.php?board=14.0

visit and explore what is already listed there, so as not to cause errors in the forum. Moreover, it can be seen that your account already has trust and it can be questioned. be careful buddy


and are you mining?
try to pay attention to what elements you have to master in mining. because this is not just chasing or making a profit, but must be viewed in terms of the risk factors that will be faced, such as damage, electrical loads and many other inertia related to the quality of the logs themselves.
H1N1
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October 26, 2020, 02:03:24 AM
 #6

This is of course requiring the basic knowledge of how mining works to know about it.
Mining crypto can be with several ways depends on the Proof that the coin use, for example proof of work, proof of stake, etc.
The most popular is proof of work coin, which is can be mined by using device what we call mining device : asics, gpus, cpus, fpgas, etc.
If you asked about how mining works, the mining device solve the mathematical problems with a certain algo, and found the best solution depends on the current target (difficulty of the coin)

New_order
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October 26, 2020, 07:41:00 AM
 #7

You might have seen stories over the years about bitcoin miners and how they are producing bitcoin tokens. These people generate this and other cryptocurrencies through a process called mining.

Cryptocurrency mining is a practice that entails the creation of tokens. These tokens are critical for many purposes, from the production of decentralized applications to ecommerce functions.

But how does the crypto mining process work? The effort entails a thorough routine that ensures the mining effort works well. You could get in on the mining industry yourself, but you’d have to take note of many things over how it works. It is not as simple of a process as you might assume.

https://swapzone.io/learn/how-does-cryptocurrency-mining-work/
You should move this topic to mining section sir, this is not the right section for this post, anyways mining is only profitable when market is on good shape, miners have been in loses since 2018 when bear market took over and things changed when DeFi projects starts their hype and low Ethereum isn't as profitable as it was free weeks ago
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