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Author Topic: How Bitcoin mining works?  (Read 96027 times)

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Offline bitcoinforum.comTopic starter

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How Bitcoin mining works?
« on: December 17, 2017, 05:12:27 PM »
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
Latest stable Bitcoin version
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The following users thanked this post: franzyshifter, Ivette80


Offline killy_93

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Re: How Bitcoin mining works?
« Reply #75 on: July 23, 2019, 01:22:43 PM »
Well, in reference to mining - I think that it isn't profitable this times, I would recommend just buying BTC to be honest

Offline andybrown5

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Re: How Bitcoin mining works?
« Reply #76 on: August 07, 2019, 07:39:56 AM »



We really love the way you are helping people to understand all.

Offline RobBa

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Re: How Bitcoin mining works?
« Reply #77 on: September 16, 2019, 12:22:04 PM »
So mining is dead now? Damn..

Offline AskGamblers

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Re: How Bitcoin mining works?
« Reply #78 on: September 18, 2019, 09:47:39 AM »
The article about Bitcoin mining is well-written and easy to read.

Offline Adalberto

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Re: How Bitcoin mining works?
« Reply #79 on: October 01, 2019, 05:34:24 PM »
Thanks for the info.

Offline VCC_Exchange

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Re: How Bitcoin mining works?
« Reply #80 on: October 04, 2019, 08:38:11 AM »
Is mining still possible now?

Offline bossmarket1

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Re: How Bitcoin mining works?
« Reply #81 on: October 08, 2019, 12:39:27 PM »


Did I like the stable BTC cryptocurrency?

Offline Holoiy

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Re: How Bitcoin mining works?
« Reply #82 on: October 19, 2019, 06:02:22 PM »
5 years ago, using a pair of powerful computers, you could earn BTC, but now it is not so simple.  In order to get cryptocurrency, you have to spend money first.

Offline Sue

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Re: How Bitcoin mining works?
« Reply #83 on: October 21, 2019, 07:54:20 AM »
I'm really curious that with the electricity price rising, and the price of bitcoin going down as low as now, is it really possible to get profit from bitcoin mining?
Tokoin Vietnam

Offline seekingtrader

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Re: How Bitcoin mining works?
« Reply #84 on: October 24, 2019, 10:20:24 AM »
Basically it works like this:
Every ten minutes or so mining computers collect a few hundred pending bitcoin transactions (a “block”) and turn them into a mathematical puzzle. ... The miner who found the solution gets 25 bitcoins as a reward, but only after another 99 blocks have been added to the ledger.
The first miner to find the solution announces it to others on the network. The other miners then check whether the sender of the funds has the right to spend the money, and whether the solution to the puzzle is correct.
Thanks for the info. Finally understood it.
 


 

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