Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Crestie C. Tuvilla on May 22, 2018, 04:43:36 PM

Title: What is mining?
Post by: 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.

Title: Re: What is mining?
Post by: rapheal 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.

Title: Re: What is mining?
Post by: Synvc 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

Title: Re: What is mining?
Post by: Ransow 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.

Title: Re: What is mining?
Post by: Stgeorge 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.

Title: Re: What is mining?
Post by: DeKingCrypto 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.