Author Topic: How Bitcoin mining works?  (Read 653055 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 vipcontent1

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Re: How Bitcoin mining works?
« Reply #180 on: May 17, 2022, 01:51:28 AM »

your ads here
I’ve been searching for some decent stuff on the subject and haven't had any luck up until this point, You just got a new biggest fan!..

Offline Deaconing

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Re: How Bitcoin mining works?
« Reply #181 on: May 18, 2022, 04:22:30 AM »
Bitcoin mining has become a second great business with the increasing popularity of Bitcoin. . 

Offline KateNickolson

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Re: How Bitcoin mining works?
« Reply #182 on: May 23, 2022, 06:21:57 PM »

Hello!I do mobile mining. In the case of a mobile device the electricity costs are minimal, but at the same time the load on the equipment is quite high.
Classic ASIC miners usually break even in about six months, but it's hard to say exactly when mobile mining will pay for itself. If you want to get into mining seriously, it will be better to buy a good video card or even several. In this case, the costs will be reasonable and will pay off over time.

Offline Hectography

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Re: How Bitcoin mining works?
« Reply #183 on: June 01, 2022, 09:13:15 AM »
Thank you for posting such a guide! It’ll help beginners learn so many things about bitcoin mining, and how it works.

Offline Shital

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Re: How Bitcoin mining works?
« Reply #184 on: June 09, 2022, 07:50:11 AM »
Bitcoin mining is the process of verifying new transactions to the Bitcoin digital currency system, and is also the process of new bitcoins entering circulation. Bitcoin is a cryptocurrency that uses goods or services as a means of payment.

Offline SpenserReed

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Re: How Bitcoin mining works?
« Reply #185 on: June 09, 2022, 04:05:41 PM »
Bitcoin mining is the second best business right now, after the Forex Trading and Once I master the Forex I would definitely love to give it a try.


Yeah, it was very good when BTC was about 60k, and now it's half as profitable...

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Re: How Bitcoin mining works?
« Reply #186 on: June 14, 2022, 03:08:09 PM »
Good to see how it all works and explanations

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Re: How Bitcoin mining works?
« Reply #187 on: July 18, 2022, 09:03:51 PM »
great business with the increasing popularity of Bitcoin

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Re: How Bitcoin mining works?
« Reply #188 on: July 21, 2022, 07:28:55 AM »
Bitcoin miners are one of the ways to get bitcoins. Many companies have developed professional Bitcoin miners, which are equipped with ASIC chips, which are dozens or hundreds of times faster than ordinary computers. Miners receive two types of rewards during the mining process: new coins for creating new blocks, and transaction fees for the transactions included in the block. In order to get these rewards, miners scramble to complete a mathematical problem based on encryption hash algorithm, that is, use Bitcoin miner to calculate hash algorithm, which requires strong computing power, how many calculation processes are, and whether the calculation results are good or bad. The proof of the miner's computational workload is called "Proof of Work". If the miner is mining for a long time, certain failures or losses will occur, and the faulty components need to be repaired or replaced in time. If you are interested in mining bitcoins, then you better find some good miner repairer persons and accessories suppliers. zeusbtc is more professional in this regard. The website has a complete set of accessories and maintenance manuals, hoping to help you.

 

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