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Author Topic: How Bitcoin mining works?  (Read 35634 times)

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Offline emma.lee1890

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Re: How Bitcoin mining works?
« Reply #45 on: October 28, 2018, 05:27:10 PM »
its funny how this is all very reminiscent of the gold rush.  You used to be able to mine with your two hands and now its all machinery not too different from cryptocurrency.


Offline GoldXCashNet

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Re: How Bitcoin mining works?
« Reply #46 on: October 31, 2018, 08:55:38 AM »
More miners try to exit from business.

Offline gogas2

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Re: How Bitcoin mining works?
« Reply #47 on: November 09, 2018, 06:11:08 PM »
Very interesting , Thanks for this share
Invest In Cryptocurrency The Right Way http://bit.ly/next_exploding_coin

Offline AndrejWarhola

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Re: How Bitcoin mining works?
« Reply #48 on: November 12, 2018, 11:41:07 AM »
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

Offline emma.lee1890

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Re: How Bitcoin mining works?
« Reply #49 on: November 14, 2018, 05:18:38 PM »
But the reason that people mentioned mining with your PC now is because you can "mine Bitcoin" indirectly by mining other cryptocurrencies and then converting them to Bitcoin.  Many of these cryptocurrencies have different mining algorithms which means that ASICs have not been developed for them yet - furthermore, many of the mining algorithms are designed to make ASICs hard to develop.

Offline coinologist

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Re: How Bitcoin mining works?
« Reply #50 on: November 27, 2018, 04:32:15 PM »
That article is the most helpful thing i've read whilst researching mining. Thank you so much!

Offline blockminded

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Re: How Bitcoin mining works?
« Reply #51 on: December 27, 2018, 04:35:33 AM »
Bitcoin Mining is the process of creating and originating the bitcoin currency to introduce more coins in the system. Transactions made in bitcoin are recorded publically by blockchain technology.

 

Offline moonswamp

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Re: How Bitcoin mining works?
« Reply #52 on: January 01, 2019, 10:31:06 AM »
I have closed my small mining farm these days
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Offline Ksenia Volfer

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Re: How Bitcoin mining works?
« Reply #53 on: January 22, 2019, 05:39:52 PM »
t=2s if you want get free btc daily, see video, have proof

Offline letsgetit

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Re: How Bitcoin mining works?
« Reply #54 on: February 03, 2019, 09:51:37 AM »
 There is still so much more to explain about the system, but at least now you have an idea of the broad outline of the genius of the programming and the concept

Offline Crypt0Pro

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Re: How Bitcoin mining works?
« Reply #55 on: February 04, 2019, 06:24:43 AM »
Got it finally. Thanks for the useful info!

Offline Meadow

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Re: How Bitcoin mining works?
« Reply #56 on: February 04, 2019, 10:51:12 AM »
To put it simple, people compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Offline Gobane

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Re: How Bitcoin mining works?
« Reply #57 on: February 07, 2019, 09:38:04 PM »
I'm just new to cryptocurrency. But as I know from here BitcoinBestBuy bitcoin mining is very difficult. And now it can take a long time.

Offline ryanbennett

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Re: How Bitcoin mining works?
« Reply #58 on: February 11, 2019, 04:16:26 PM »
Tanks for share you are rally help for me!

Offline emililadjet

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Re: How Bitcoin mining works?
« Reply #59 on: February 16, 2019, 03:51:12 PM »
Thank you for this information, the mining remains a mysterious domain
I was bidding on a pair audio loudspeaker kit on ebay that were grabbed.


 

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