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Author Topic: How Bitcoin mining works?  (Read 49611 times)

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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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Re: How Bitcoin mining works?
« Reply #66 on: May 09, 2019, 08:40:44 AM »
mining is not profitable any more
Are you a miner?

Offline killy_93

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Re: How Bitcoin mining works?
« Reply #67 on: May 22, 2019, 10:45:36 AM »
That's really great article, but I'm not sure if mining is profitable. It costs a lot of energy

Offline Mermaid

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Re: How Bitcoin mining works?
« Reply #68 on: May 22, 2019, 10:33:07 PM »
Thanks for the article! I couldn't imagine that it is so hard

Offline coin_talk

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Re: How Bitcoin mining works?
« Reply #69 on: May 23, 2019, 02:07:04 PM »
Many thanks for the article. Useful information for me.


 

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