Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: ashraf786100 on October 22, 2020, 12:27:46 PM
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Bitcoin mining is the process of creating a new bitcoin by solving a computational puzzle. This action is very important and it is necessary that the sign of the day is also the banana on which the bitcoin is based.
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Bitcoin mining is an activity that uses a machine that can be used to get bitcoin but requires a very large fee because you have to have a machine to mine and require electricity.
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By mining we mean mining gold, silver, these mines.
But crypto-currency mining is close to that, it's mining of computers Mining is done using CPU, GHz. Something happens when you move from one crypto-currency to another The block has to be solved, and this is what the computer's graphics card does, this block is solved
Because of this they give some coins or sathasi as gifts. That's all Crypto-currency mining is done.
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According to my information, Bitcoin mining is the processing of transactions in the digital currency system, in which the record of the current Bitcoin transactions, known as blocks, are traded to the record of transactions, knowing as the blockchain.
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Bitcoin mining is where with a device that you have such as a VGA which has high specifications you can generate bitcoins from the VGA, but for now bitcoin minig is not profitable.
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Bitcoin mining is very difficult to explain in a thread like this, if you explain there will be a lot of writing.
Maybe in broad terms it can be explained, for example if Bitcoin is sent by miners and miners also don't find new blocks for Bitcoin that have not been found.
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Here if you need the definition of Bitcoin mining, so many sources there.
https://www.investopedia.com/terms/b/bitcoin-mining.asp
https://cointelegraph.com/bitcoin-for-beginners/how-to-mine-bitcoin-everything-you-need-to-know
And Bitcoin mining is not defined that easily.
To be able to mine, it needs a high-powered computer to solve computational math problems that are very complex.
And in this case, mining bitcoin is something worthy at that time. but for now, I don't think it is still worthy if you only have small devices for mining
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Bitcoin mining is the process of bitcoin generation with help of machinery devices with electricity. Bitcoin mining is a common problem in developing countries because it is the waste of fuel, electricity and energy.
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Bitcoin mining is the process of creating a new bitcoin by solving a computational puzzle. This action is very important and it is necessary that the sign of the day is also the banana on which the bitcoin is based.
Bitcoin mining need computer equipment, and It will take electricity cost. I don't like this way.
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Bitcoin Mining is simply about processing and approving bitcoin transactions this means that when bitcoin is traded between two people on two sides or between two computers the task of processing the transaction is bitcoin mining. Creating a record of bitcoin transactions and processing these bitcoin transactions means that you are basically helping to create new bitcoins and as a result you are getting some amount of reward from the newly created bitcoins yourself.
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Some sites are used for mining. Mining can be very profitable. However, there are many phishing sites in which you are offered different types, more they are asked to deposit a certain amount. If you make a deposit, they will not be returned later. I think everyone should be careful about mining. Instead of mining on phishing sites, mining should be done on genuine sites.
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Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment. ... The P2P network monitors and verifies the transfer of Bitcoins between users.
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Bitcoin mining is the process of creating a new bitcoin by solving a computational puzzle. This action is very important and it is necessary that the sign of the day is also the banana on which the bitcoin is based.
Bitcoin mining need computer equipment, and It will take electricity cost. I don't like this way.
Actually bitcoin mining is fully controlled by computer systems with high power energy. most of the countries don't support bitcoin mining because only developed countries can carry bitcoin mining cost . Developing countries don't support bitcoin and bitcoin mining.
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Bitcoin mining is a special tool of Bitcoin Tauri. Bitcoin is mined from here. To do bitcoin mining, you have to hold a lot of bitcoin. Then you can earn bitcoin by bitcoin mining.