What is mining ? | Bitcointalksearch.org

markstivn98

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Quote from: Shadowfiend24 on December 07, 2017, 03:25:30 AM

Can anyone share some information about this ?

Mining is the use of a set of graphics cards.
In order to get bitcoin
a web site from using the software.
The program takes 1% of the profits and 1% of the site in addition to electricity consumption,
which may reach 15% and more than the total profit in the month.

Onanana

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Quote from: Assface16678 on March 11, 2019, 10:31:20 AM

Quote from: Onanana on March 10, 2019, 11:29:05 PM

Cryptocurrency mining is achieved via computer with specialized hardware. These transactions are now verified and added to the blockchain digital ledger, in order to be competitive with other crypto miners. Crypto exchange is when a buyer and seller interact in online platforms like Bitrus, which is perfect for you for it is designed for beginners, the interface and tools are very user-friendly and an active community to support you with their expertise.

Yes it is, mining is so expensive to do but more profitable and contribute to community. By the way do you have the link on bitrus exchange? i might check it out because it looks like an amazing exchange.

Other than it is expensive, there are lots of crypto miners already so there is a mining traffic and i guess that would bring less mined coins. Yes bitrus is really an amazing exchange with 50+ cryptocurrencies supported on it. Here is the link on Bitrus

seoincorporation

legendary

Activity: 3346

Merit: 3130

Quote from: markstivn98 on March 11, 2019, 11:39:39 AM

Quote from: Shadowfiend24 on December 07, 2017, 03:25:30 AM

Can anyone share some information about this ?

Mining is the use of a set of graphics cards.
In order to get bitcoin
a web site from using the software.
The program takes 1% of the profits and 1% of the site in addition to electricity consumption,
which may reach 15% and more than the total profit in the month.

1.- Mining can be done with other hardware than graphic cards, it can be done with CPU, asic miners and sha256 miners. Even some coins can be mined with hard disk (burst coin)

2.-Mining isn't done to get bitcoin, each block has a reward but get that reward isn't the main goal. The goal is to confirm the transactions adding a new block to the chain.

3.- That 1 % is only in mining pools if you do solo mining all the reward will be yours.

Assface16678

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Onanana on March 10, 2019, 11:29:05 PM

Cryptocurrency mining is achieved via computer with specialized hardware. These transactions are now verified and added to the blockchain digital ledger, in order to be competitive with other crypto miners. Crypto exchange is when a buyer and seller interact in online platforms like Bitrus, which is perfect for you for it is designed for beginners, the interface and tools are very user-friendly and an active community to support you with their expertise.

Yes it is, mining is so expensive to do but more profitable and contribute to community. By the way do you have the link on bitrus exchange? i might check it out because it looks like an amazing exchange.

Robert D

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Activity: 16

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Quote from: Shadowfiend24 on December 07, 2017, 03:25:30 AM

Can anyone share some information about this ?

Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an ore body, lode, vein, seam, reef or placer deposit. These deposits form a mineralized package that is of economic interest to the miner.

mrismith016

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Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining". This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. etc

Jessica J. Moreland

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Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an ore body, lode, vein, seam, reef or placer deposit. These deposits form a mineralized package that is of economic interest to the miner.

Onanana

newbie

Activity: 168

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Cryptocurrency mining is achieved via computer with specialized hardware. These transactions are now verified and added to the blockchain digital ledger, in order to be competitive with other crypto miners. Crypto exchange is when a buyer and seller interact in online platforms like Bitrus, which is perfect for you for it is designed for beginners, the interface and tools are very user-friendly and an active community to support you with their expertise.

MoonCrypt

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Learn and Grow

first of all what mining are you relating too?
A. Cryptomining
B. Mineral resources mining

tiptravel

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This information is on the first site in google, try to find the information you need

seoincorporation

legendary

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Quote from: Shadowfiend24 on December 07, 2017, 03:25:30 AM

Can anyone share some information about this ?

I think this guy explain it with sticks and apples, so, get some popcorns and enjoy the video. https://www.youtube.com/watch?v=Q5hfr5poLl0

In simple words mining is the act to find a block and add it to the blockchain, the block contains bitcoin transactions, and those transactions get mined to get a confirmation. Miners get a reward when they find the block plus the fees on those transactions. Miners find blocks each 10 minutes, and now is too damn hard to find a block, so, miners search for blocks in groups called mining pools.

hayleewilson

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You might want to check this for reference: https://www.coins-info.com/what-is-bitcoin/bitcoin-mining/

ShawnNathaniel

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Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger.

mymarketinghub

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Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. ... In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.

logitechwow

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Activity: 238

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Mining is the decoding of HASH codes for which you receive money. It's simple.
But seriously, look in Google or YouTube information about blockchain, mining and cryptocurrency

avbitx

newbie

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Its good is you check on bitcoin.org you'll get a better picture that way.

smokingkills

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Exploit is the use of what you already have available to serve your purpose or purpose.

redbullusa

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Can be simply exploited is the discovery and use of the useful hidden or not yet utilized, from which we exploit and use them for a variety of purposes.

jeanetteLine

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Also read about PoW, PoS, DPoS, Consensus Mechanisms, and Super Representatives. Here in the form of a simple and readable infographics - http://dinardirham.com/blog/pow-pos-dpos-consensus-mechanism-and-super-representatives/

avbitx

newbie

Activity: 14

Merit: 1

We could say that mining is like extracting all the required data by destroying the resource.

Topic: What is mining ? (Read 589 times)