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Topic: What is mining ? - page 2. (Read 572 times)

jr. member
Activity: 58
Merit: 1
July 21, 2018, 09:02:34 AM
#21
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, or Bitcoin mining (for the most popular form of cryptocurrency, Bitcoin), cryptocurrency mining has increased both as a topic and activity as cryptocurrency usage itself has grown exponentially in the last few years.

Each time a cryptocurrency transaction is made, a cryptocurrency miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction. The mining process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions that are associated with a block containing the transaction data.

The first cryptocurrency miner to crack the code is rewarded by being able to authorize the transaction, and in return for the service provided, cryptominers earn small amounts of cryptocurrency of their own. In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.
newbie
Activity: 91
Merit: 0
May 16, 2018, 04:09:39 AM
#20
Mining bitcon uses means of a computer operated  by  several gpu it is a way to have passive bitcoin.
newbie
Activity: 144
Merit: 0
May 16, 2018, 03:43:44 AM
#19
Mining is industrial activities that can produce more money when you are pursuing your target price. and this is the best way to earn easy but sometimes other mining site is fake.
newbie
Activity: 23
Merit: 0
May 16, 2018, 02:49:02 AM
#18
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger.
jr. member
Activity: 182
Merit: 2
May 15, 2018, 03:37:27 PM
#17
 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.
newbie
Activity: 45
Merit: 0
May 07, 2018, 10:31:25 AM
#16
Mining is the process by which (in the bitcoin network) the data in the blockchain is validated. Computers solve difficult algorithms (maths problems) in order to find the hash of the data in the block it is confirming and are rewarded with bitcoin.
newbie
Activity: 17
Merit: 0
May 07, 2018, 09:58:28 AM
#15
I think mining is used in many cases in life, can be exploited based on the profits of virtual currency as well as the competition between many different investors.
newbie
Activity: 126
Merit: 0
May 07, 2018, 09:51:27 AM
#14
Are you saying about Minning Gold lol, But for sure here you are talking about minning Bitcoin , the computers which are used to verify the transaction of BTC are generally treated as minning PC. Thats all.
newbie
Activity: 61
Merit: 0
May 07, 2018, 06:49:14 AM
#13
Mining is one way to get Bitcoin
newbie
Activity: 65
Merit: 0
May 07, 2018, 06:11:29 AM
#12
Mining is one of the easy way to gain bitcoins but first you should have high specs pc or mining rigs to mine bitcoin and this set up need high cost of money.
newbie
Activity: 98
Merit: 0
May 06, 2018, 06:21:16 AM
#11
Simply stated, mining is getting cryptocurrency using the capacities of special equipment. For Bitcoin and a number of other coins, this is the only way to increase emissions. Miners receive remuneration, as their activities ensure the functioning and integrity of the entire system. This is the main purpose of mining.

At the initial stages, people were able to use any computer for mining. However, today it became really difficult to mine cryptocurrency, so you need a really powerful hardware.
member
Activity: 158
Merit: 10
February 14, 2018, 04:28:45 AM
#10
Mining is someting you do with alot of GPU you like earn that coin if you mine them.
member
Activity: 85
Merit: 10
The world is flat...
February 14, 2018, 03:58:39 AM
#9
Can anyone share some information about this ?

Which? Mountain Mining or Crypto Mining? Grin Grin

If crypto, 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 block chain.
newbie
Activity: 1
Merit: 0
February 14, 2018, 03:34:46 AM
#8
Mining is often called industrial business, it is a series of Botcoins
 in order to search, mining
newbie
Activity: 9
Merit: 0
January 09, 2018, 10:10:37 PM
#7
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
member
Activity: 182
Merit: 17
¯\_(ツ)_/¯
December 12, 2017, 10:22:02 AM
#6
Mining is the process of securing Bitcoin network in exchange of being paid for this with bitcoins.

https://en.bitcoin.it/wiki/Mining
newbie
Activity: 27
Merit: 0
December 12, 2017, 10:19:05 AM
#5
Can anyone share some information about this ?


Mining is one way to get Bitcoin,
as it is written on the source below :
https://edukasibitcoin.com/penjelasan-lengkap-menambang-bitcoin-bitcoin-mining/
newbie
Activity: 13
Merit: 0
December 09, 2017, 01:13:14 AM
#4
Mining is often called industrial business, it is a series of activities in order to search, mining (excavation), processing, utilization and sale of minerals (minerals, coal, geothermal, oil and gas).
member
Activity: 336
Merit: 10
December 07, 2017, 12:18:26 PM
#3
it has a long story , have u checked bitcoin.org?
member
Activity: 84
Merit: 10
December 07, 2017, 07:03:36 AM
#2
It's a fancy word that means securing the blockchain  Wink
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