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Author Topic: How Bitcoin mining works?  (Read 42523 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)
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Offline Anast

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Re: How Bitcoin mining works?
« Reply #60 on: February 17, 2019, 10:30:00 PM »
Cryptocurrency mining is painstaking, expensive, and only sporadically rewarding. I would say it's worth the pain and efforts to partake in this process of mining.

Offline letsgetit

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Re: How Bitcoin mining works?
« Reply #61 on: February 19, 2019, 03:53:02 PM »
 miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

Offline Meadow

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Re: How Bitcoin mining works?
« Reply #62 on: March 04, 2019, 05:50:03 PM »
Well, the puzzles are solved with a help of powerful hardware - that's all ahah

Offline Quiks

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Re: How Bitcoin mining works?
« Reply #63 on: March 27, 2019, 10:44:52 AM »
Thank. Very detailed.
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Offline bit858585

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Re: How Bitcoin mining works?
« Reply #64 on: March 28, 2019, 07:22:14 PM »
mining is not profitable any more
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Offline emililadjet

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Re: How Bitcoin mining works?
« Reply #65 on: March 31, 2019, 07:33:23 AM »
Bitcoin miners listen for transactions that are broadcast to the network. As they receive the transaction, they verify that the transaction is valid and that all inputs to a transaction are completely used.
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