Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: yousufatik on September 28, 2018, 08:30:46 PM

Title: How does BitCoin Mining work?
Post by: yousufatik on September 28, 2018, 08:30:46 PM

New to the BitCoin economy. But I don't exactly understand the concept of it.
I understand that I need a computer to "mine" bit coins but why is a extremely powerful computer necessary to solve the "blocks"
Are the problems mathematical?

And what does a HASH measure or represent. I saw that some Bitcoins take over a year to mine on slow computers but what does that mean...?

I'm sure these are basic things but I can't seem to find a concise answer online. This new this idea seems fascinating and I want to get involved. Thanks any and all help is appreciated.

Title: Re: How does BitCoin Mining work?
Post by: dragononcrypto on September 28, 2018, 08:51:06 PM

There are quite a few good videos on this topic from youtube, due to the indepth nature of mining, I thought I'd give you the link:
https://www.youtube .com/results?search_query=bitcoin+mining+explained