What is mining ? | Bitcointalksearch.org

markstivn98

member

Activity: 154

Merit: 13

Quote from: Shadowfiend24 on December 07, 2017, 04:25:30 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

newbie

Activity: 168

Merit: 0

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

Quote from: Onanana on March 11, 2019, 12:29:05 AM

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: 3290

Merit: 3092

Quote from: markstivn98 on March 11, 2019, 12:39:39 PM

Quote from: Shadowfiend24 on December 07, 2017, 04:25:30 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

full member

Activity: 1470

Merit: 135

★Bitvest.io★ Play Plinko or Invest!

Quote from: Onanana on March 11, 2019, 12:29:05 AM

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

newbie

Activity: 16

Merit: 0

Quote from: Shadowfiend24 on December 07, 2017, 04:25:30 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

newbie

Activity: 28

Merit: 1

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

newbie

Activity: 19

Merit: 0

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

Merit: 0

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

member

Activity: 247

Merit: 16

Learn and Grow

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

tiptravel

jr. member

Activity: 318

Merit: 1

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

seoincorporation

legendary

Activity: 3290

Merit: 3092

Quote from: Shadowfiend24 on December 07, 2017, 04:25:30 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

jr. member

Activity: 105

Merit: 4

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

ShawnNathaniel

newbie

Activity: 64

Merit: 0

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

newbie

Activity: 69

Merit: 0

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

jr. member

Activity: 238

Merit: 1

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

Activity: 14

Merit: 1

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

smokingkills

newbie

Activity: 23

Merit: 0

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

redbullusa

newbie

Activity: 18

Merit: 0

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

newbie

Activity: 142

Merit: 0

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.

5SOLAS

jr. member

Activity: 58

Merit: 1

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.

rawr1620

newbie

Activity: 91

Merit: 0

Mining bitcon uses means of a computer operated by several gpu it is a way to have passive bitcoin.

PETMALU11

newbie

Activity: 144

Merit: 0

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.

nambanpipe

newbie

Activity: 23

Merit: 0

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

mobireal

jr. member

Activity: 182

Merit: 2

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.

Blockpass

newbie

Activity: 45

Merit: 0

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.

LoweChristopher

newbie

Activity: 17

Merit: 0

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.

WOLFinTheStreet

newbie

Activity: 126

Merit: 0

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.

nakamita

newbie

Activity: 61

Merit: 0

Mining is one way to get Bitcoin

cardo

newbie

Activity: 65

Merit: 0

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.

ololesia

newbie

Activity: 98

Merit: 0

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.

GelsoAM

member

Activity: 158

Merit: 10

Mining is someting you do with alot of GPU you like earn that coin if you mine them.

2drive

member

Activity: 85

Merit: 10

The world is flat...

Quote from: Shadowfiend24 on December 07, 2017, 04:25:30 AM

Can anyone share some information about this ?

Which? Mountain Mining or Crypto Mining? 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.

jilan102

newbie

Activity: 1

Merit: 0

Mining is often called industrial business, it is a series of Botcoins
in order to search, mining

chukstimz

newbie

Activity: 9

Merit: 0

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

Slava79

member

Activity: 182

Merit: 17

¯\_(ツ)_/¯

Mining is the process of securing Bitcoin network in exchange of being paid for this with bitcoins.

https://en.bitcoin.it/wiki/Mining

RAJWA01

newbie

Activity: 27

Merit: 0

Quote from: Shadowfiend24 on December 07, 2017, 04:25:30 AM

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/

Lehakios88

newbie

Activity: 13

Merit: 0

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).

cryptobull3

member

Activity: 336

Merit: 10

it has a long story , have u checked bitcoin.org?

mrnuts

member

Activity: 84

Merit: 10

It's a fancy word that means securing the blockchain Wink

Shadowfiend24

newbie

Activity: 6

Merit: 0

Can anyone share some information about this ?

Topic: What is mining ? (Read 572 times)