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Topic: newbie question regarding mining (Read 360 times)

full member
Activity: 210
Merit: 100
October 01, 2017, 09:49:34 PM
#13
but what you are explaining OP, is what you're doing when you mine PoW coins
full member
Activity: 210
Merit: 100
October 01, 2017, 09:48:48 PM
#12
Or buy a certain % of a coin that is PoS?
full member
Activity: 210
Merit: 100
October 01, 2017, 09:47:27 PM
#11
is he wanting to purchase a master node? Don't think he knows English very well, its hard to read
full member
Activity: 210
Merit: 100
altcom Aa4DWXQjrcEA8gPBLkx6t9VgCuWoCo1myE
October 01, 2017, 09:44:31 PM
#10
verifying transaction is what youre doing when  mining Smiley
full member
Activity: 238
Merit: 112
October 01, 2017, 04:26:04 PM
#9
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!

What wallet do you use ? Blockchain already give you information of how many dollars you will get.
Or you can also ask to your local exchangers in your country. Because I usually sell my crypto there.
newbie
Activity: 28
Merit: 0
October 01, 2017, 11:25:21 AM
#8
Greetings all,  Can someone invest with his finance were by using once money to trade?
full member
Activity: 585
Merit: 110
October 01, 2017, 09:51:45 AM
#7
As bitcoin is running based on PoW, mining is necessary for verifying and lengthening the blockchain.
Otherwise, you could run a mining pool yourself, need some miners attatched to your pool too..

Ok So as ETH so if i want to verify those transactions and receive my block reward can be that done?

it is same
mining block is same to verify transaction in eth network
block contains information on transaction
once block found transaction verified
and placed in blockchain of eth
full member
Activity: 126
Merit: 100
October 01, 2017, 07:16:49 AM
#6
As bitcoin is running based on PoW, mining is necessary for verifying and lengthening the blockchain.
Otherwise, you could run a mining pool yourself, need some miners attatched to your pool too..

Ok So as ETH so if i want to verify those transactions and receive my block reward can be that done?
full member
Activity: 154
Merit: 100
October 01, 2017, 06:51:49 AM
#5
As bitcoin is running based on PoW, mining is necessary for verifying and lengthening the blockchain.
Otherwise, you could run a mining pool yourself, need some miners attatched to your pool too..
full member
Activity: 126
Merit: 100
October 01, 2017, 06:43:26 AM
#4
no

I meant that as I understand ( at bitcoin for example ) there are people who verify the transactions ( blocks ) and for the verification of the block they get reward with X% og the blocks size

If I dont want to mine but I want to verify  the transaction that occurred on that block and receive the "block reward" how can it be done?
because as I understand ( maybe I am wrong ) but there are people who verify the transactions and receive block reward 
full member
Activity: 182
Merit: 101
October 01, 2017, 06:34:31 AM
#3
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!

didnt get it
you want to mine other coin?


I think he wanted to check how much he mined already but it will be the best when Danielgold20 will give us some more detail what he need
full member
Activity: 585
Merit: 110
October 01, 2017, 06:04:28 AM
#2
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!

didnt get it
you want to mine other coin?
full member
Activity: 126
Merit: 100
October 01, 2017, 05:33:46 AM
#1
Hello!

Quick question if I am mining currently ETH and I want to change that to verify the transaction what is the amount that payed and is there a guide or something how to do this?

Didn't find information on the web
Thank you for your help!
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