Author Topic: What is mining? (Read 2206 times)

Crestie C. Tuvilla · « **on:** May 22, 2018, 04:43:36 PM »

Is a xomputtionally intensive work that requires a lot of processing power and time.

Altcoins Talks - Cryptocurrency Forum · « **on:** May 22, 2018, 04:43:36 PM »

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rapheal · « **Reply #1 on:** August 08, 2018, 12:55:50 PM »

Mining, in the context of blockchain technology is the process of adding transactions to the large distributed public ledger of existing transactions known as the blockchain.

Synvc · « **Reply #2 on:** August 08, 2018, 03:26:17 PM »

What should I answer for this thread? because it does not direct discussion but only an ordinary thread

Ransow · « **Reply #3 on:** August 09, 2018, 09:20:40 AM »

Miners use software that accesses their processing capacity to solve transaction-related algorithms . In return, they are awarded a certain number of Bitcoins per block. Bitcoin mining was conducted on the CPUs of individual computers, with more cores and greater speed resulting in more profitability.

Stgeorge · « **Reply #4 on:** November 23, 2018, 07:36:45 AM »

Crypto currency mining or crypto mining is a process in which transactions for various forms of crypto currency are verified and added to the blockchain digital ledger.in order to be competitive with other crypto miners though a crypto currency miner needs a computer with specialized hardware.

DeKingCrypto · « **Reply #5 on:** November 24, 2018, 06:34:04 AM »

I think the only way I can put this is that mining is the process of giving birth (producing) new coins after its kind with a hardware and software technology.