Advertise with us (we do not endorse any site advertised)

Author Topic: How Bitcoin mining works?  (Read 467510 times)

0 Members and 2 Guests are viewing this topic.

Offline bitcoinforum.comTopic starter

  • Administrator
  • Legendary Member
  • *******
  • Joined: Nov 2011
  • Location: bitcoinforum.com
  • Posts: 1497
  • Country: bz
  • Thanked: 61 times
  • Karma: +42/-1
  • Gender: Male
  • The Bitcoin genie is already out of the bottle.
    • facebook.com/bitcoinforum
    • flickr.com/bitcoinforum
    • bitcoinforum.livejournal.com
    • reddit.com/user/bitcoinforum
    • stumbleupon.com/stumbler/bitcoinforum
    • bitcoinforum.tumblr.com
    • twitter.com/bitcoinforumcom
    • bitcoinforum.wordpress.com
    • View Profile
    • bitcoinforum.com
How Bitcoin mining works?
« on: December 17, 2017, 05:12:27 PM »
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
Latest stable Bitcoin version
Latest stable Electrum version
The following users thanked this post: franzyshifter, Ivette80, lovelydaytoday, scentsupremacy


Offline Shital

  • Jr. Member
  • *
  • Joined: May 2020
  • Posts: 58
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #135 on: May 18, 2021, 03:51:09 PM »
Bitcoin mining is the interaction by which new bitcoins are gone into flow, yet it is additionally a basic segment of the support and advancement of the blockchain record. It is performed utilizing exceptionally refined PCs that take care of incredibly complex computational numerical statements.

Offline dawnbailey1974

  • Newbie
  • Joined: May 2021
  • Posts: 7
  • Country: 00
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #136 on: May 21, 2021, 09:29:35 AM »
You may have read or heard about this in the news: bitcoin mining. But what exactly is bitcoin mining, and how does mining contribute to the bitcoin network?

Before we dive into this, we need to clear up a few things. When you hear 'bitcoin mining', you may think that it is about creating new bitcoins. But the name has been chosen a bit unfortunate, because creating new bitcoins is not the main purpose of mining.

This is what bitcoin miners do:

 1.Miners process new transactions in blocks
 2.Miners are rewarded in bitcoin for their work
 3.Miners protect the network
 
 https://www.blockchainx.tech/ [nofollow]


how exactly do they protect network?
I write college papers for https://www.the-essays.com/college-paper [nofollow]

Offline bradlux

  • Newbie
  • Joined: May 2021
  • Posts: 1
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #137 on: May 29, 2021, 01:14:12 PM »
Earlier this month the value of Bitcoin, Ethereum and Dogecoin fell sharply following new regulations in China.

Beijing has cracked down on Bitcoin mining after controversy about the amount of electricity it uses.

Offline lesnik_utsa

  • Newbie
  • Joined: Jun 2021
  • Posts: 2
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #138 on: June 06, 2021, 12:24:18 PM »
Earlier this month the value of Bitcoin, Ethereum and Dogecoin fell sharply following new regulations in China.

Beijing has cracked down on Bitcoin mining after controversy about the amount of electricity it uses.
I think all these newscasts are planned actions. China gives good news and vice versa. Therefore, I think it's okay that the price has dropped now.

Offline Kromss

  • Newbie
  • Joined: Jun 2021
  • Posts: 2
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #139 on: June 06, 2021, 01:35:35 PM »
Good afternoon! Thank you very much

Offline hoaibacfx

  • Newbie
  • Joined: Jun 2021
  • Location: ha noi
  • Posts: 3
  • Country: vn
  • Karma: +0/-0
  • HODL!
    • facebook.com/https://www.facebook.com/hoaibacfx
    • flickr.com/https://www.flickr.com/people/hoaibacfx/
    • linkedin.com/in/https://www.linkedin.com/in/hoaibacfx/
    • reddit.com/user/https://www.reddit.com/user/hoaibacleee
    • https://hoaibacfx.tumblr.com/.tumblr.com
    • twitter.com/https://twitter.com/lehoaibacfx
    • View Profile
    • HoaiBacFX
Re: How Bitcoin mining works?
« Reply #140 on: June 06, 2021, 01:37:12 PM »
Không khai thác BitCoin có lãng phí năng lượng không?
Hoaibacfx là trang chia sẻ thông tin về lĩnh vực đầu tư ngoại hối, tiền điện tử. Chúng tôi cung cấp tới bạn đọc những tin tức về thị trường cũng như danh sách sàn giao dịch ngoại hối uy tín nhất thế giới.

Online apri_hermawan

  • Newbie
  • Joined: May 2021
  • Posts: 19
  • Thanked: 2 times
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #141 on: June 07, 2021, 10:00:56 AM »
I think all these newscasts are planned actions. China gives good news and vice versa. Therefore, I think it's okay that the price has dropped now.



I think all these newscasts are premeditated acts. China gives good news and vice versa. Therefore, I think it's okay if the price drops now.


That's right, we better play patiently, and we always follow the information, good and bad news will always change all the time.


fun playing in bk8 using coins

Offline Shital

  • Jr. Member
  • *
  • Joined: May 2020
  • Posts: 58
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #142 on: June 11, 2021, 03:22:07 PM »
Bitcoin mining is nothing but the process, by which new bitcoins would be entered into circulation, but it is also considered to be a very much critical component of the maintenance as well as the development of the blockchain ledger. It would be performed utilizing very sophisticated computers that resolve extremely complex computational mathematical problems.

Offline samrich

  • Newbie
  • Joined: Jun 2021
  • Posts: 7
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: How Bitcoin mining works?
« Reply #143 on: June 11, 2021, 03:39:46 PM »
Где проводить свободное время.


 

How a bitcoin transaction works?

Started by bitcoinforum.com

Replies: 2
Views: 20838
Last post February 22, 2014, 02:21:51 PM
by bitcoinwallettest
Bitcoin Mining Software Development

Started by brsoftech

Replies: 4
Views: 12678
Last post October 01, 2019, 05:37:22 PM
by Adalberto
Youtube.com: Micon's how to play poker with bitcoin

Started by bitcoinforum.com

Replies: 0
Views: 15087
Last post April 10, 2012, 10:14:54 PM
by bitcoinforum.com
Still present bug just found by Hal Finney makes Bitcoin more traceable

Started by bitcoinforum.com

Replies: 0
Views: 14631
Last post December 14, 2012, 05:30:40 PM
by bitcoinforum.com
net-security.org: Beware of Bitcoin miner posing as Trend Micro AV

Started by bitcoinforum.com

Replies: 0
Views: 16691
Last post December 14, 2012, 05:47:39 PM
by bitcoinforum.com

your ads here