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Topic: I still don't understand how mining works (Read 3370 times)

member
Activity: 60
Merit: 10
September 26, 2014, 04:26:47 PM
#31
Now mining is almost dead. Specially BTC mining. So no need to understand who mining works.

Exactly... !! Let's ALL TURN OFF OUR MINERS ... Guys, IT's DEAD...
legendary
Activity: 1330
Merit: 1000
Bitcoin
September 26, 2014, 04:22:00 PM
#30
Yeah I had a peek at your changes, I adore your last block and current round info which you added. I wouldn't mind trying your stuff prefer a beta tester.This is an excellent way to create a sound income for sure.
You sure you replied to the right thread?  Your reply has nothing to do with the thread at all.

haha this was pretty funny ^^ .
full member
Activity: 434
Merit: 105
September 26, 2014, 12:06:41 PM
#29
hero member
Activity: 658
Merit: 500
Small Red and Bad
September 26, 2014, 06:48:49 AM
#28
A Senior member who has been a member since 2011 asking how a COMPUTER solves complex math problems.

You Sir, are a Troll.

This is not his only troll thread at the moment. I saw him claiming somewhere that number of bitcoins is unlimited because of altcoins  Huh
full member
Activity: 434
Merit: 105
September 25, 2014, 05:05:25 PM
#27
A Senior member who has been a member since 2011 asking how a COMPUTER solves complex math problems.

You Sir, are a Troll.
member
Activity: 112
Merit: 10
yes my email is [email protected]
September 25, 2014, 01:30:27 PM
#26
I know how mining works but yet 30-40% confused yet , lol
legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
September 23, 2014, 09:22:02 AM
#25
Is someone read  the book "Mining of Massive Datasets?
While big data is certainly an interesting topic and buzz phrase now, I'm not sure of its relevance to BTC mining.
newbie
Activity: 11
Merit: 0
September 22, 2014, 06:25:40 PM
#24
Is someone read  the book "Mining of Massive Datasets?
sr. member
Activity: 301
Merit: 250
September 22, 2014, 03:28:29 PM
#23
Mining Is Complex Most people dont know Fully how it works,I love mining though its fun and Keeps me Entertained. Smiley
member
Activity: 89
Merit: 10
September 22, 2014, 08:45:40 AM
#22
well looks like ill never understand how mining works. Grin
legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
September 22, 2014, 07:31:41 AM
#21
Now mining is almost dead. Specially BTC mining. So no need to understand who mining works.
LOL... mining is almost dead.  Megawatt facilities popping up all over, new chips being produced, a network hash rate of 250PH/s.  Might want to actually check some facts before posting absolute nonsense.
newbie
Activity: 32
Merit: 0
September 22, 2014, 03:54:35 AM
#20
Now mining is almost dead. Specially BTC mining. So no need to understand who mining works.
legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
September 19, 2014, 09:19:37 AM
#19
How is mining profitable if the miners cost so much money , the electricity costs , computer usage and then is it hit or miss after spending all this money to buy the equipment to maybe hit a blockchain and make some BTC? i know it use to be real easy to mine with ajust a regular laptop untill there was alot more BTC in circulation and the algorythms got harder to solve?
You have the audacity to make your user name BTCBusinessman (which, you misspelled by the way, and I find that very telling), yet you have no idea how BTC works?  Ahh... the beauty of irony.

Potential profitability and return on investment discussions belong in the Mining Speculation forum - and there are a multitude of threads there already discussing it.  You don't "hit a blockchain" and the "algorythms" didn't get harder to solve.  Try actually reading this thread, and the myriad others that explain how mining works.

Yeah I had a peek at your changes, I adore your last block and current round info which you added. I wouldn't mind trying your stuff prefer a beta tester.This is an excellent way to create a sound income for sure.
You sure you replied to the right thread?  Your reply has nothing to do with the thread at all.

I still think that the most interesting thing about this thread is that it was started by a 2011 account.
While I find it unlikely, I suppose it is possible that someone has been involved in crypto-currencies for 3 years and might not truly understand how mining really works.  Or, the more likely scenario: the account was bought.
sr. member
Activity: 448
Merit: 250
September 19, 2014, 12:10:35 AM
#18
Yeah I had a peek at your changes, I adore your last block and current round info which you added. I wouldn't mind trying your stuff prefer a beta tester.This is an excellent way to create a sound income for sure.
You sure you replied to the right thread?  Your reply has nothing to do with the thread at all.

I still think that the most interesting thing about this thread is that it was started by a 2011 account.
newbie
Activity: 20
Merit: 0
September 18, 2014, 01:56:05 AM
#17
How is mining profitable if the miners cost so much money , the electricity costs , computer usage and then is it hit or miss after spending all this money to buy the equipment to maybe hit a blockchain and make some BTC? i know it use to be real easy to mine with ajust a regular laptop untill there was alot more BTC in circulation and the algorythms got harder to solve?
legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
September 11, 2014, 07:52:25 AM
#16
Yeah I had a peek at your changes, I adore your last block and current round info which you added. I wouldn't mind trying your stuff prefer a beta tester.This is an excellent way to create a sound income for sure.
You sure you replied to the right thread?  Your reply has nothing to do with the thread at all.
member
Activity: 70
Merit: 10
BTC/Doge
September 11, 2014, 01:34:27 AM
#15
Yeah I had a peek at your changes, I adore your last block and current round info which you added. I wouldn't mind trying your stuff prefer a beta tester.This is an excellent way to create a sound income for sure.
legendary
Activity: 1512
Merit: 1054
SpacePirate.io
September 09, 2014, 02:41:43 PM
#14
Check out video 10.... it pretty much covers all your questions.

http://bitcoin.cbtnuggets.com/

legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
September 09, 2014, 08:38:22 AM
#13
well looks like ill never understand how mining works.
Are you looking for the technical details of how mining works, or do you just want the high-level explanation of it?  A lot of good information has already been provided in this thread, so help us to help you.  What don't you understand?
legendary
Activity: 1274
Merit: 1000
The Golden Rule Rules
September 09, 2014, 07:48:19 AM
#12
well looks like ill never understand how mining works.
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