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Author Topic: How Bitcoin mining works?  (Read 106826 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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The following users thanked this post: franzyshifter, Ivette80


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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Offline Meadow

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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.

Offline Fereyjo

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Re: How Bitcoin mining works?
« Reply #70 on: June 25, 2019, 12:11:23 PM »
Mining works pretty easy, but it’s not very easy to start this whole farm at home by yourself. It is necessary to understand the entire technical side of this issue and not just the process itself.

Offline Nightwinger

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Re: How Bitcoin mining works?
« Reply #71 on: June 30, 2019, 02:31:41 PM »
Mining it self is the original source of earning bitcoins. Cloud mining are platforms that bridge the gap between purchasing expensive mining hardware and investing. With as little as $100 you can invest in cloud mining.

Yeah there is a problem with fraudsters, that’s why you need to make inquiries and seek expert opinion on where to invest your funds. if you are looking for a reliable platform, The best cloud mining platform I have encountered and I can vouch for it reliability is Hashnow ASIC & FPGA Cloud Mining . They are unique and boast of outstanding features like:

• Powerful high tech modern processors used for cloud mining and information processing on the blockchain network.

• State of the earth mining farms, with about 300,000 KW of power supply.

• Most advanced mining hardware available.

• Unbeatable and dynamic profit margins.

• Over 15 cryptocurrencies available for mining, including the top 5 most profitable cryptocurrencies to mine.

 From my experience their profits are the best and no difficulty withdrawing your profits. Do well to check it out and invest.


Offline ThomasEKirk

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Re: How Bitcoin mining works?
« Reply #72 on: July 19, 2019, 09:44:43 AM »
Hello everyone,
Thomas i'm new here.
I read the explanation and I have old PC that I want to know if it will be good for mining.


Offline Ivette80

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Re: How Bitcoin mining works?
« Reply #73 on: July 20, 2019, 07:28:33 AM »
very clear!  I have a lot of questions but first I ll read many times this forum!

Offline lanevsky

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Re: How Bitcoin mining works?
« Reply #74 on: July 23, 2019, 11:57:15 AM »
Thanks! I like this article! Simple explanation. Also I like bitcoin mining work tutorials set. But mining is profitable for other coins is hard task nowadays :-\ . This is impossible to do in without HUGE investments into electricity and technique. But with solar panels it may be profitable. 8)


 

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