Advertise with us (we do not endorse any site advertised)

Author Topic: How Bitcoin mining works?  (Read 206550 times)

0 Members and 2 Guests are viewing this topic.

Offline bitcoinforum.comTopic starter

  • Administrator
  • Legendary Member
  • *******
  • Joined: Nov 2011
  • Location: bitcoinforum.com
  • Posts: 1497
  • Country: bz
  • Thanked: 52 times
  • Karma: +40/-1
  • Gender: Male
  • The Bitcoin genie is already out of the bottle.
    • facebook.com/bitcoinforum
    • flickr.com/bitcoinforum
    • bitcoinforum.livejournal.com
    • reddit.com/user/bitcoinforum
    • stumbleupon.com/stumbler/bitcoinforum
    • bitcoinforum.tumblr.com
    • twitter.com/bitcoinforumcom
    • bitcoinforum.wordpress.com
    • View Profile
    • bitcoinforum.com
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
Latest stable Electrum version
The following users thanked this post: franzyshifter, Ivette80


Offline Sto_3

  • Newbie
  • Joined: Nov 2019
  • Posts: 22
  • Thanked: 1 times
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #90 on: December 30, 2019, 11:22:56 AM »
Mining is one of the best options for passive earnings, but of course, in order to create a good farm with good capacities, you need to invest not a small amount.
That’s right, mining can be quite an expensive affair and so only those should enter into it, who have complete knowledge and skills. Otherwise, the funds are surely in danger.

Offline mycybercasino.com

  • Newbie
  • Joined: Dec 2019
  • Posts: 14
  • Country: 00
  • Karma: +0/-0
  • HODL!
    • View Profile
    • My Cyber Casino
Re: How Bitcoin mining works?
« Reply #91 on: December 31, 2019, 03:12:19 PM »
thank you  for  the great read i am not a newbie to bitcoin but it is still intresting to learn more about it, this is a great topic!


Offline Relz21

  • Newbie
  • Joined: Jan 2020
  • Posts: 12
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #92 on: January 21, 2020, 11:56:44 AM »
That’s right, mining can be quite an expensive affair and so only those should enter into it, who have complete knowledge and skills. Otherwise, the funds are surely in danger.
I agree, mining should only be done by professionals, having that adequate amount of knowledge and expertise. Beginners, especially should abstain from this.

Offline josephph

  • Newbie
  • Joined: Mar 2020
  • Posts: 14
  • Karma: +0/-0
  • HODL!
    • View Profile
  • Bitcoin Address: c81bb4cf245de70c423bf883f3a4ceb3bb895ce121c10ff0e4
Re: How Bitcoin mining works?
« Reply #93 on: March 17, 2020, 09:33:27 AM »
I wonder if it is still profitable to mine?

Offline mlawson71

  • Sr. Member
  • ***
  • Joined: Oct 2019
  • Posts: 428
  • Thanked: 7 times
  • Karma: +2/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #94 on: March 24, 2020, 10:30:44 AM »
Thank you for that explanation, I am sure it's very helpful for newbies.

Offline wesley3WZ

  • Newbie
  • Joined: Apr 2020
  • Posts: 15
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #95 on: April 06, 2020, 12:45:33 AM »
Quote
That’s right, mining can be quite an expensive affair and so only those should enter into it, who have complete knowledge and skills. Otherwise, the funds are surely in danger.


And there are a lot of risks, that crypto currency can fall down, at any moment.

Offline bloggo

  • Newbie
  • Joined: Apr 2020
  • Posts: 14
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #96 on: May 01, 2020, 07:01:17 AM »
In my newbie opinion, you provide your hardware to process transactions and for you get the reward

Offline BBAxes

  • Newbie
  • Joined: May 2020
  • Posts: 5
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #97 on: May 01, 2020, 08:16:43 PM »
I didn't understand what exactly was bitcoin mining and why it's getting harder these days but now I have a better picture of all of it, thanks for the post!
 

Offline Nissan

  • Newbie
  • Joined: Dec 2017
  • Posts: 42
  • Country: 00
  • Karma: +1/-0
    • View Profile
Re: How Bitcoin mining works?
« Reply #98 on: May 02, 2020, 01:51:53 PM »
Yes, mining is not a cheap pleasure when it comes to a home farm or buying equipment, but there are also options for browser mining or cloud mining, they do not require large expenses.

Offline Erz2my

  • Newbie
  • Joined: May 2020
  • Posts: 5
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #99 on: May 04, 2020, 06:54:47 PM »
Is a great stuff, thanks!

Offline Myeent8

  • Newbie
  • Joined: Apr 2020
  • Posts: 5
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #100 on: May 05, 2020, 02:59:50 PM »
Thanks!  ;D

Offline zombyland

  • Newbie
  • Joined: May 2020
  • Posts: 5
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #101 on: May 07, 2020, 05:06:45 AM »
I have never tried mining, bought coins only.
I see it like a reward for the supporting the network

Offline Erz2my

  • Newbie
  • Joined: May 2020
  • Posts: 5
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #102 on: May 07, 2020, 02:00:14 PM »
Thank you for sharing this article :D

Offline JessDan

  • Newbie
  • Joined: May 2020
  • Posts: 1
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #103 on: May 30, 2020, 08:59:41 AM »
очень интересная информация. Я читал об этом раньше, но я не очень понял

Offline Manicopus

  • Newbie
  • Joined: Jun 2020
  • Posts: 5
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #104 on: June 15, 2020, 08:22:24 PM »
This mining is not working at the moment, as almost all the niches are already occupied.


 

How a bitcoin transaction works?

Started by bitcoinforum.com

Replies: 2
Views: 15719
Last post February 22, 2014, 02:21:51 PM
by bitcoinwallettest
Bitcoin Mining Software Development

Started by brsoftech

Replies: 4
Views: 8633
Last post October 01, 2019, 05:37:22 PM
by Adalberto
Youtube.com: Micon's how to play poker with bitcoin

Started by bitcoinforum.com

Replies: 0
Views: 11296
Last post April 10, 2012, 10:14:54 PM
by bitcoinforum.com
Still present bug just found by Hal Finney makes Bitcoin more traceable

Started by bitcoinforum.com

Replies: 0
Views: 9641
Last post December 14, 2012, 05:30:40 PM
by bitcoinforum.com
net-security.org: Beware of Bitcoin miner posing as Trend Micro AV

Started by bitcoinforum.com

Replies: 0
Views: 12167
Last post December 14, 2012, 05:47:39 PM
by bitcoinforum.com

your ads here