Topic: what is bitcoin mining actually doing ? (Read 166 times)
Bitcoin mining is really exciting to me. But what exactly is it doing? What are the hashes it's ... cracking? Where do they come from? I don't exactly understand that aspect of it.
the most curious but not done job. There are so many issues in the digital money world. One of them is mining. this business is essence in fact. produce and win.
what is bitcoin mining actually doing ? 
Mining is a process to determine the canonical order in which transactions happen. It is also a way to introduce money into the system since without central issuer who would be in charge of issuing money and how would they do it fairly?In other words miners build block chains , they get a reward for each new valid block they create.
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Bitcoin mining is a process of adding transaction records to bitcoin's public ledger of the past transaction or known as blockchain. This blockchain serves to approve transactions to the rest of the network as having taken place. This bitcoin nodes use the blockchain to distinguish legitimate bitcoin transactions from attempts to re spend coins that have already been spent elsewhere. Miners are then awarded with fees that is paid by the users sending transactions.
what is bitcoin mining actually doing ?
Mining is a process to determine the canonical order in which transactions happen. It is also a way to introduce money into the system since without central issuer who would be in charge of issuing money and how would they do it fairly?In other words miners build block chains , they get a reward for each new valid block they create.
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what is bitcoin mining actually doing ?
Try reading on the internet, there is so many site that answer
this question, research first before making a thread, there is so
much thread like these on these forum. try browsing
what is bitcoin mining actually doing ?
If you need a description, there are a lot of sites for this, including wiki. And we'll tell you so bitcoin makes people addicted and crazy in the hope of getting big money. 
what is bitcoin mining actually doing ?
Mining is the process by which special bitcoin users (called miners) compete with each other to “discover” new bitcoins and add recent bitcoin transactions to bitcoin’s public ledger (the transaction blockchain).
In order to send or receive bitcoins, a bitcoin user must create a transaction and broadcast it to the entire network. Then, for this transaction to successfully go through, it must be permanently recorded on the blockchain. Mining is the process of adding recent transactions to the blockchain, and thereby making them a permanent part of the bitcoin “public ledger.”
what is bitcoin mining actually doing ?
Before making a thread at least try to make some research first,why bother making a topic here when you can actually get the answer from the internet or in many sites.Anyways here is an example of what bitcoin mining is,
https://www.investopedia.com/terms/b/bitcoin-mining.asp.
what is bitcoin mining actually doing ?
Before making a thread at least try to make some research first,why bother making a topic here when you can actually get the answer from the internet or in many sites.Anyways here is an example of what bitcoin mining is,
https://www.investopedia.com/terms/b/bitcoin-mining.asp.
what is bitcoin mining actually doing ?
There are two possibilities for that, mining has been created to make a decentralization system which has been operated by so many computers around the world. So it can't be broken by the regulation. Too keep the decentralization network of bitcoin but sadly in another part that gives a lot of stress due to the energy consumed to did mining activity. It can't destroy the earth for a long-term plan.
The question is not clear ...
Bitkoyn was created so that people ceased to be dependent on banks.
And did not contain this bunch of loafers and thieves.
Bitkoyn was created so that people ceased to be dependent on banks.
And did not contain this bunch of loafers and thieves.
what is bitcoin mining actually doing ?
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