Bitcoin mining is the processing of transactions in the digital currency system, in which the records of current Bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the blockchain.
A Bitcoin is defined by the digitally signed record of its transactions, starting with its creation. The block is an encrypted hash proof of work, created in a compute-intensive process. Miners use software that accesses their processing capacity to solve transaction-related algorithms . In return, they are awarded a certain number of Bitcoins per block. The block chain prevents attempts to spend a Bitcoin more than once - otherwise the digital currency could be counterfeited by copy and paste.
Topic: What is Bitcoin mining? - page 3. (Read 10290 times)
Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
I will add a video link. It is the short and very well put concept about mining video for the people that I have come across. The people who are completely new can also benefit from this clip.what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
https://www.youtube.com/watch?v=qFOeFXwCuLw
Mining is the terms used to securing the network, processing and confirming of transactions which also act as means of keeping everyone in the system synchronized together. In addition to, it also serves as the mechanism used to issue new coins into the capital market.
In cloud mining are you relying on a third party?
Yes, you have to rely on third party and I don't advice you to leap into cloud mining because every cloud mining of this days end up scamming people off their money and it will be better if you invest your money into ICO rather than cloud mining.Bitcoin mining requires a computer and a special program.Miners will use this program and a lot of computer resources to compete with other miners in solving complicated mathematical problems.About every ten minutes,they will try to solve a block that has the latest transaction data in it,using cryptographic hash functions.
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In cloud mining are you relying on a third party?
Yes, you have to rely on third party and I don't advice you to leap into cloud mining because every cloud mining of this days end up scamming people off their money and it will be better if you invest your money into ICO rather than cloud mining.
In cloud mining are you relying on a third party?
Bitcoins All transaction depends on the blockchain.And blockchain connect with many computers.And when you do any btc transaction its not go directly to that person easily.But the miners make the transaction process fast and easily by solve the blocks.who first successful solve that puzzle ;that person get that transaction fee.And it's called minning and bitcoins and that person called as miner.
Bitcoin mining is similar to transaction processing. Which means this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.
Mining is a one process of bitcoin it's called transaction like that selling and buying including in that and not done by individually and so it also called as heart of bitcoin.
Bitcoin mining counit the all networking process. It will good opportunist improving the communication process. Mining is more power full process and get the more information process for the business improvement. Mining is need to cooling process and it will counit the all communication process.
Mining is good improve the business process.
Bitcoin mining is similar to transaction processing. Which means this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.
Mining is a one process of bitcoin it's called transaction like that selling and buying including in that and not done by individually and so it also called as heart of bitcoin.
Bitcoin mining is similar to transaction processing. Which means this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.
Is it profitable to try and mine BTC with a computer? Seems to take forever to earn just 1 Satoshi.
For me I would define bitcoin mining as the heart of Bitcoin. Once mining stops then
Bitcoin transactions will also stop that will cause the downfall of the coin.
Bitcoin transactions will also stop that will cause the downfall of the coin.
Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
Bitcoin mining is the process by which transaction are verified and added to the public ledger known as block chain
Bitcoin mining is intentionally designed
Bitcoin Mining (Bitcoin Mining) is one way to get Bitcoin. As mentioned earlier, we can see Bitcoin as a large global cash system that stores the history of transactions (or 'money movements') from one person to another. When Bitcoin transactions are processed on the Bitcoin network - meaning Bitcoin is being moved from one person to another - one needs to make sure that all transactions are properly recorded and the cash system has been synchronized worldwide.
Mining bitcoin is mostly a scam and has no results...
Not at all bro.I was doing Mining of various Altcoin and includes Bitcoin too.Of that Bitcoin is the one give more profit.But the Set up for that is very high.You have to spend more to implement the Bitcoin Mining.You can use solar panels for More profit from that bitcoin Mining.
bitcoin mining is like let your hardware work for you.. passive in come may apply.. it cost you money and a lot of electrical power consumption. maybe its reliable to other but not in mine. 
Hi there.. It is simply a deep process of collecting or adding transaction records to Bitcoin's public ledger of previous transactions. This public ledger is called block chain.
In very simple words, Its a process of verification of Bitcoin transactions. You may use your own hardware to mine you btc.
my bitcoin mining is not really in the know yet, which I know is now mine by finding a way to get bitcoin in this forum either by signature or something else, and there is also to buy it at a cheap price and invest it so that the result is maximal in when the time is right .. so far that's all that I know, because I have not been there in bitcoin. but bitcoin motivates me to search and find the smallest bitcoin I get ..
It is a process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released.People with access to the internet and suitable hardware can participate in mining. This mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.
Mining bitcoin is mostly a scam and has no results...
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