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Author Topic: What is mining ?  (Read 4604 times)

Offline euz4692

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What is mining ?
« on: November 16, 2021, 05:03:59 AM »
Actually I am new at this platform .I heard this word (Bitcoin mining) many time but I don't understand what is mining.
I wanna know what is bitcoin mining and how it's worked ?

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What is mining ?
« on: November 16, 2021, 05:03:59 AM »

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Offline Alter

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Re: What is mining ?
« Reply #1 on: November 19, 2021, 05:22:11 PM »
Mining is one way to get Bitcoin which is the most popular cryptocurrency in the world. Bitcoin mining is done by using special computer devices to solve algorithms or mathematical calculations of Bitcoin transactions made by miners. The way bitcoin mining works is by blockchain. Many bitcoin transactions occur simultaneously. The transactions that occur at the same time are grouped into the same group, the group is known as blockchain.
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Offline Iamlim

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Re: What is mining ?
« Reply #2 on: November 19, 2021, 07:41:44 PM »
Well, it's compicated question. It's like creating peaces of code as I know.

Offline raisajahan

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Re: What is mining ?
« Reply #3 on: November 20, 2021, 04:34:01 AM »
Mining is the way which is the system of proof of work (pow). That means miner are frequently work for mining coin. This process is called algorithm process for generating coin. This algorithm process will remain primarily easy then it will slowly harder to harder so from the starting if price low then no problem to mining but when the algorithm process harder then the price need to high to cover that cost. Mining is the profitable when price of that coin gradually increase one the other hand some cases mining is occur losses when coin price remain low than cost.

Offline cryptopapa2346

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Re: What is mining ?
« Reply #4 on: May 02, 2022, 10:11:03 AM »
To fully perceive the conception of cryptocurrency mining, information of the underlying technology is paramount. every cryptocurrency is constructed on a Blockchain that ought to merely be understood as a public ledger.
also mining is better than trading.in trading you have 50% lose and 50% profit chane but if you do mining its totly gives you profit at daily basis but its kind of expensive

Online yohananaomi

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Re: What is mining ?
« Reply #5 on: May 03, 2022, 08:18:57 AM »
Actually I am new at this platform .I heard this word (Bitcoin mining) many time but I don't understand what is mining.
I wanna know what is bitcoin mining and how it's worked ?

I myself am not a miner or anything like that, but if you need information about bitcoin mining it is clear that there is a lot of literacy available on google and you just have to adjust it to your area, because you can be sure things like this is widely available.
"Broadly speaking bitcoin mining is a way to get crypto currency using special computer devices to solve algorithms or mathematical calculations of Bitcoin transactions made by miners".
to be clearer and more detailed you just have to look for it because for a detailed explanation of course it can't be explained here.


can read here;
https://www.bitcoinmining.com/
https://www.investopedia.com/terms/b/bitcoin-mining.asp
https://www.bankrate.com/investing/what-is-bitcoin-mining/

Offline gulu_khan

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Re: What is mining ?
« Reply #6 on: May 04, 2022, 02:25:37 PM »
To completely recognize the idea of cryptocurrency mining, know-how of the underlying generation is paramount. Each cryptocurrency is constructed on a Blockchain — which have to truly be understood as a public ledger.

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Re: What is mining ?
« Reply #6 on: May 04, 2022, 02:25:37 PM »


Offline Istiak

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Re: What is mining ?
« Reply #7 on: May 04, 2022, 06:01:55 PM »
There are plenty of articles about that you will find in google and in these forum too. These topic has been discussed countless time and i think there is no need to another one. So i just wants to suggest you about finding difference between POW and POS mining so that you will understand what is the difference between BTC and ETH mining.
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Offline Aryan0058

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Re: What is mining ?
« Reply #8 on: May 11, 2022, 02:40:45 PM »
Mining cryptocurrency is a method of creating new currencies while simultaneously validating existing transactions. CryptocurrencyEdited by NDTV Business Desk Updated. Mining is used to create new coins as well as validate existing transactions.

Offline Nagyan01

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Re: What is mining ?
« Reply #9 on: May 11, 2022, 06:46:39 PM »
The method by which Bitcoin and other cryptocurrencies are generated and the transactions involving new coins are verified is known as mining.

Offline doc

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Re: What is mining ?
« Reply #10 on: May 26, 2022, 12:33:13 AM »
Actually I am new at this platform .I heard this word (Bitcoin mining) many time but I don't understand what is mining.
I wanna know what is bitcoin mining and how it's worked ?

I think If you're new in this platform, better to learn more here .
Mining is need high cost  to buy equipment and electrical cost.

Offline cryptopapa2346

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Re: What is mining ?
« Reply #11 on: June 09, 2022, 01:15:13 PM »
Mining is a system of divided consensus. As such, a large range of people around the sector are concerned with the maintenance of the Bitcoin network. Mining is a time used to describe a transaction verification process that may be ready to be secured within blockchain technology.

Offline gulu_khan

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Re: What is mining ?
« Reply #12 on: June 11, 2022, 05:44:17 PM »
Mining is a system of divided consensus. As such, a large range of people around the sector are concerned with the maintenance of the Bitcoin network. Mining is a time used to describe a transaction verification process that may be ready to be secured within blockchain technology.
To completely recognize the idea of cryptocurrency mining, know-how of the underlying generation is paramount. Each cryptocurrency is constructed on a Blockchain — which have to truly be understood as a public ledger.

Offline ahtashamhero

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Re: What is mining ?
« Reply #13 on: June 12, 2022, 07:02:36 AM »
I THINK MINING IS a program that runs on the computer other than that i dont know anything about it

Offline Aryan0058

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Re: What is mining ?
« Reply #14 on: July 01, 2022, 11:56:06 PM »
The term crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. This process involves validating data blocks and adding transaction records to a public record (ledger) known as a blockchain.

 

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