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Author Topic: How Bitcoin mining works?  (Read 879285 times)

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How Bitcoin mining works?
« on: December 17, 2017, 05:12:27 PM »
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Offline graceanderson.7

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Re: How Bitcoin mining works?
« Reply #225 on: August 02, 2023, 06:14:07 PM »

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Bitcoin mining involves using powerful computers to solve complex mathematical puzzles, verifying transactions and adding them to the blockchain. Miners compete to find the correct solution, and the first one to do so gets rewarded with newly created bitcoins. This process ensures network security and validates transactions. Mining is resource-intensive and relies on specialized hardware and electricity.
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Offline henrycavil007

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Re: How Bitcoin mining works?
« Reply #226 on: August 05, 2023, 07:32:29 PM »
Very interesting post
NICE!
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Offline henrycavil007

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Re: How Bitcoin mining works?
« Reply #227 on: August 05, 2023, 07:36:04 PM »
Very interesting post
NICE!
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Offline emcd.

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Re: How Bitcoin mining works?
« Reply #228 on: August 08, 2023, 11:38:01 AM »
It works easily! Buy equipment, connect it to the mining pool and start to earn BTC
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emcd. Cyberbank is an ecosystem for miners and cryptocurrency users, where you can mine cryptocurrency with low fees, store the mined coins with up to 12% annual profit, and save on converting to fiat currencies within a single app.

Offline Mia Harper

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Re: How Bitcoin mining works?
« Reply #229 on: August 11, 2023, 06:13:46 PM »
I am searching for how mining works and finally got good info about it thanks for sharing this link.
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Offline bomavil

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Re: How Bitcoin mining works?
« Reply #230 on: August 29, 2023, 08:29:00 PM »
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.
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Offline EthLite

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Re: How Bitcoin mining works?
« Reply #231 on: September 04, 2023, 07:10:18 AM »
This Investopedia article provides a good introductory overview of the Bitcoin mining process. It explains pretty well how miners use specialized hardware to verify transactions and add new blocks to the blockchain, competing to solve cryptographic puzzles in order to earn bitcoin rewards. As a newbie, I found this quite useful, thanks.
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Offline jessica.roy

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Re: How Bitcoin mining works?
« Reply #232 on: September 04, 2023, 03:12:29 PM »
Does anyone have any knowledge about Bitcoin cloud mining? I've noticed that this concept has been gaining popularity compared to traditional hardware-based mining lately.




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Offline Berg17

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Re: How Bitcoin mining works?
« Reply #233 on: September 07, 2023, 04:28:43 PM »
Many people believe that mining is not as profitable now as it used to be, but it is not
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