Topic: What is Bitcoin mining? - page 8. (Read 10324 times)
Why does nobody ever think to start at the Beginners & Help section to answer ALL of these inane questions about 'what is' or 'How do I start'?......
To explain the Bitcoin mining in simple words:
To have bitcoin, you can either buy it online using trading platform, or mine them. Apart from the needed equipments, to mine bitcoin you need to solve complex maths problem to get rewarded in bitcoins. The more people trying to solve the problem, the higher the complexity of the problem, and the higher the rewards are.
To have bitcoin, you can either buy it online using trading platform, or mine them. Apart from the needed equipments, to mine bitcoin you need to solve complex maths problem to get rewarded in bitcoins. The more people trying to solve the problem, the higher the complexity of the problem, and the higher the rewards are.
Hy Thanks
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 think bitcoin mining is a process that someone does in searching for work online for profit at all times but also has to spend big capital to run it as well as the ability to observe the price movement very carefully so as not to lose any later. 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 about to use some web search like google??? 
Bitcoin mining is the 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. Anyone with access to the internet and suitable hardware can participate in mining. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.
Read more: Bitcoin Mining http://www.investopedia.com/terms/b/bitcoin-mining.asp#ixzz4uZFvpvfm
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Bitcoin mining is the 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. Anyone with access to the internet and suitable hardware can participate in mining. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.
Read more: Bitcoin Mining http://www.investopedia.com/terms/b/bitcoin-mining.asp#ixzz4uZFvpvfm
Follow us: Investopedia on Facebook
Bitcoin mining is a process of mathematical calculation performed on Bitcoin tissue. As we all know, Bitcoin runs in an online system, and the purpose of mathematical calculations is to verify the bitcoin transactions that exist on the Internet. By doing the verification, a bitcoin miner will get a new block gap in the Bitcoin network containing the new amount of Bitcoin and can be taken. That's where a Bitcoin miner will get Bitcoin for himself. The more the process of verification and the creation of new blocks, the more mined bitcoins will be. Understand?
Is the processing of transactions on the Bitcoin network and securing them into the blockchain. Each set of transactions that are processed is a block. The block is secured by the miners. Miners do this by creating a hash that is created from the transactions in the block. This cryptographic hash is then added to the block. The next block of transactions will look to the previous block’s hash to verify it is legitimate. T
bitcoin mining is a saving for the future. we just follow the rules of ICO or others and use the wallet to save our tabunga later
I heard last few months ago that Ukraine and India were raiding and confiscating the Digital Currency mining rigs, whatever their reasons are it doesn't mean that they are not open to digital currencies that are being used these days.
For me, it is illegal because your government doesn't want you do it otherwise we have nothing to be afraid of.
For me, it is illegal because your government doesn't want you do it otherwise we have nothing to be afraid of.
Bitcoin mining serves a 2-way purpose: of adding verified transactions into the blockchain; and of releasing new Bitcoins. Yet, bitcoin mining is primarily done to let Bitcoin nodes to reach a secure, alteration-free safeguard.
Bitcoin mining is purposefully created so as to be resource-intensive and cumbersome in nature. This is done so that the miners find a steady number of notes in a particular time span.
Bitcoin mining is purposefully created so as to be resource-intensive and cumbersome in nature. This is done so that the miners find a steady number of notes in a particular time span.
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Google the exact same question: What is Bitcoin mining?
You will get a hellofalot of very good links for clear answers...
[/quote]
This
Wait..I'm sorry...I didn't quite get that...
Can you please start over and explain it again...one more time...from the top please.
Can you please start over and explain it again...one more time...from the top please.
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 a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions. Each group of transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain. Other informations you want to know is in here https://www.bitcoin.com/bitcoin-mining
It can help thr transactions of bitcoin becomes faster and those miner computers could earn bitcoins. That's absolutely a block as said by many post comments, however bitcoin minings involved also with other cryptocurrencies.
you can access http://www.techadvisor.co.uk/how-to/internet/what-is-bitcoin-how-do-you-mine-it-3515249/ for information on btc ^^
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 a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions. Each group of transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain. Other informations you want to know is in here https://www.bitcoin.com/bitcoin-mining
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.
According to nasdaq Bitcoin mining is the process by which the transaction information distributed within the Bitcoin network is validated and stored on the blockchain.
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions.
Simple explanation is that the miner is doing mathematical calculations and looks for the "correct" answer. When the answer is correct a block has been solved and within the block there are 12,5BTC+fees that are beeing released and shared to those who are mining in the pool that found it. Unless it was someone doing solo mining, then the reward are 100% theirs.
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.
For me as a beginner , for more information about mining you can check that on youtube and read the post here.
It will help a lot but dont believe all of the post some are on their own answer.
You can check that on google . Thank you.
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.
Google the exact same question: What is Bitcoin mining?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.
You will get a hellofalot of very good links for clear answers...
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