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What is the meaning of bitcoin mining?

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Meaning of bitcoin mining

Mining is the process of adding transactions to the public record to past transactions, this professor of past transactions is called blockchain, a series of blocks, bitcoin designed to be resource-intensive and difficult so that the number of blocks found every day by miners remains constant, those individual blocks must contain Mining can be called solving complex mathematical equations by super computing computers, And miners are rewarded by Bitcoin currencies.The Bitcoin network changes the level of difficulty of mathematical equations, based on the speed of their solution.

Mining was in the past is powered by graphics cards, which can perform these operations faster, but they use large electric power, and then launched a new product to assist in the mining process, the first of these products is a chip known as ASIC or Application Specific Integrated Circuit designed specifically for Mining process, this segment accelerated the mining process with less energy consumption.

 

Reasons difficulty of mining now 
Bitcoin mining was initially very lucrative, but with the advent of Bitcoin and its search, the number of minerals for that currency increased, which made the number of Bitcoin seekers very large.We know that mining is a process of decoding and mathematical equations.It is also known that it will be Only 21 million bitcoins were created and then these currencies will be traded and no new currencies will be produced, all of which has made the mining process difficult now, but don't lose hope. Increasing mining on the currency will make its price rise, making the mining process profitable well, and don't forget. Technology has done a lot in all areas , Including cryptocurrencies of course, which has been discovered new ways in the process of mining cryptocurrencies increased the process of profit.

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Bitcoin mining is the process in which blockchain ledger is updated. And bitcoin is awarded for solving the calculation for the ledger update. About 12.5 bitcoin is the reward.

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8 hours ago, Crypto123 said:

Meaning of bitcoin mining

Mining is the process of adding transactions to the public record to past transactions, this professor of past transactions is called blockchain, a series of blocks, bitcoin designed to be resource-intensive and difficult so that the number of blocks found every day by miners remains constant, those individual blocks must contain Mining can be called solving complex mathematical equations by super computing computers, And miners are rewarded by Bitcoin currencies.The Bitcoin network changes the level of difficulty of mathematical equations, based on the speed of their solution.

Mining was in the past is powered by graphics cards, which can perform these operations faster, but they use large electric power, and then launched a new product to assist in the mining process, the first of these products is a chip known as ASIC or Application Specific Integrated Circuit designed specifically for Mining process, this segment accelerated the mining process with less energy consumption.

 

Reasons difficulty of mining now 
Bitcoin mining was initially very lucrative, but with the advent of Bitcoin and its search, the number of minerals for that currency increased, which made the number of Bitcoin seekers very large.We know that mining is a process of decoding and mathematical equations.It is also known that it will be Only 21 million bitcoins were created and then these currencies will be traded and no new currencies will be produced, all of which has made the mining process difficult now, but don't lose hope. Increasing mining on the currency will make its price rise, making the mining process profitable well, and don't forget. Technology has done a lot in all areas , Including cryptocurrencies of course, which has been discovered new ways in the process of mining cryptocurrencies increased the process of profit.

Thank you so much for sharing this information to us. Now we know what bitcoin mining is. Thank you for this information. 

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11 hours ago, Crypto123 said:

Meaning of bitcoin mining

Mining is the process of adding transactions to the public record to past transactions, this professor of past transactions is called blockchain, a series of blocks, bitcoin designed to be resource-intensive and difficult so that the number of blocks found every day by miners remains constant, those individual blocks must contain Mining can be called solving complex mathematical equations by super computing computers, And miners are rewarded by Bitcoin currencies.The Bitcoin network changes the level of difficulty of mathematical equations, based on the speed of their solution.

Mining was in the past is powered by graphics cards, which can perform these operations faster, but they use large electric power, and then launched a new product to assist in the mining process, the first of these products is a chip known as ASIC or Application Specific Integrated Circuit designed specifically for Mining process, this segment accelerated the mining process with less energy consumption.

 

Reasons difficulty of mining now 
Bitcoin mining was initially very lucrative, but with the advent of Bitcoin and its search, the number of minerals for that currency increased, which made the number of Bitcoin seekers very large.We know that mining is a process of decoding and mathematical equations.It is also known that it will be Only 21 million bitcoins were created and then these currencies will be traded and no new currencies will be produced, all of which has made the mining process difficult now, but don't lose hope. Increasing mining on the currency will make its price rise, making the mining process profitable well, and don't forget. Technology has done a lot in all areas , Including cryptocurrencies of course, which has been discovered new ways in the process of mining cryptocurrencies increased the process of profit.

Thank you very much for sharing this information to us about bitcoin mining. Now i know what bitcoin mining is and how does it works. A lot of thanks to you!

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Thanks for this definition, this is good and helpful informations, bitcoin mining in the current time is used by the capable people, as he is profitable he is expensive too, so if we can't handle him better to not enter this world 

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Ahem, seems that you have clarified the ABC of mining process clearly. So any one can engage in mining with their personal CPU without buying any mining machine. Those who are planning for mining they shouldn't take more time. Because the mining rewards are decreasing day by day.


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On 12/2/2019 at 3:14 AM, Crypto123 said:

Meaning of bitcoin mining

Mining is the process of adding transactions to the public record to past transactions, this professor of past transactions is called blockchain, a series of blocks, bitcoin designed to be resource-intensive and difficult so that the number of blocks found every day by miners remains constant, those individual blocks must contain Mining can be called solving complex mathematical equations by super computing computers, And miners are rewarded by Bitcoin currencies.The Bitcoin network changes the level of difficulty of mathematical equations, based on the speed of their solution.

Mining was in the past is powered by graphics cards, which can perform these operations faster, but they use large electric power, and then launched a new product to assist in the mining process, the first of these products is a chip known as ASIC or Application Specific Integrated Circuit designed specifically for Mining process, this segment accelerated the mining process with less energy consumption.

 

Reasons difficulty of mining now 
Bitcoin mining was initially very lucrative, but with the advent of Bitcoin and its search, the number of minerals for that currency increased, which made the number of Bitcoin seekers very large.We know that mining is a process of decoding and mathematical equations.It is also known that it will be Only 21 million bitcoins were created and then these currencies will be traded and no new currencies will be produced, all of which has made the mining process difficult now, but don't lose hope. Increasing mining on the currency will make its price rise, making the mining process profitable well, and don't forget. Technology has done a lot in all areas , Including cryptocurrencies of course, which has been discovered new ways in the process of mining cryptocurrencies increased the process of profit.

This write up is educative and informative. It is good for beginners and for people that wants to mine.

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10 hours ago, ultimateclub said:

Ahem, seems that you have clarified the ABC of mining process clearly. So any one can engage in mining with their personal CPU without buying any mining machine. Those who are planning for mining they shouldn't take more time. Because the mining rewards are decreasing day by day.

In theory, yes, anyone can do mining even using CPU, but in practice this matter is not currently possible because the difficulty of mining has reached very large numbers, mining using CPU is completely unprofitable and it causes great damage to the device.

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Thank you so much for your information. as I know btc mining is a complex calculation which is done when any amount of btc transferred from one wallet to another wallet. I also know that btc mining will be ended in 2040.

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With bitcoin mining all transactions that occur can be completed and new blocks for new coins can be solved. Maybe in a nutshell.

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Everything you said about mining is simply the basic meaning of mining. This writu up is good, educative and informative.

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13 hours ago, Lapai said:

Much thanks to you such a great amount for your data. as I probably am aware btc mining is a mind boggling count which is done when any measure of btc moved starting with one wallet then onto the next wallet.

you welcome, this is my duty and the duty of all members here to share useful information between them. The process you are talking about is not mining, it is a conversion or exchange process and it is completely different from mining.

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On 12/2/2019 at 7:44 AM, Crypto123 said:

Meaning of bitcoin mining

Mining is the process of adding transactions to the public record to past transactions, this professor of past transactions is called blockchain, a series of blocks, bitcoin designed to be resource-intensive and difficult so that the number of blocks found every day by miners remains constant, those individual blocks must contain Mining can be called solving complex mathematical equations by super computing computers, And miners are rewarded by Bitcoin currencies.The Bitcoin network changes the level of difficulty of mathematical equations, based on the speed of their solution.

Mining was in the past is powered by graphics cards, which can perform these operations faster, but they use large electric power, and then launched a new product to assist in the mining process, the first of these products is a chip known as ASIC or Application Specific Integrated Circuit designed specifically for Mining process, this segment accelerated the mining process with less energy consumption.

 

Reasons difficulty of mining now 
Bitcoin mining was initially very lucrative, but with the advent of Bitcoin and its search, the number of minerals for that currency increased, which made the number of Bitcoin seekers very large.We know that mining is a process of decoding and mathematical equations.It is also known that it will be Only 21 million bitcoins were created and then these currencies will be traded and no new currencies will be produced, all of which has made the mining process difficult now, but don't lose hope. Increasing mining on the currency will make its price rise, making the mining process profitable well, and don't forget. Technology has done a lot in all areas , Including cryptocurrencies of course, which has been discovered new ways in the process of mining cryptocurrencies increased the process of profit.

Thanks for the descriptionits really helpful to learn about mining usually i dont trust on any cryptocurrency minning platforms because they are full of scams but we can mine by contacting some legit brokers who can really help 

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9 minutes ago, Muhammad Hamza said:

Bitcoin mining is the process of transactions which add the balance from website or apps to your wallet... further you have explained well and more clear

Is not such a thing called cloud mining. If you add balances continuously, then your mining will be faster. So this has no effect on what you have but how much you have funds.

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On 12/2/2019 at 10:58 AM, Goodcoin said:

Bitcoin mining is the process in which blockchain ledger is updated. And bitcoin is awarded for solving the calculation for the ledger update. About 12.5 bitcoin is the reward.

Nice one. Sim people can think it is the process by which bitcoin is mined not knowing that blockchain ledger is updated too.

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Mining Bitcoin is the chance for everyone to help Blockchain process the transaction. That process is named with mining because if the block can solved, blockchain will give you Bitcoin as reward. For now the reward is around 12.5 Bitcoin per block. To mining Bitcoin you need miner hardware like ASIC miner or GPU who can run for SHA-256. If you use CPU that will take you forever time to solve the block.


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4 hours ago, febriyana said:

Mining Bitcoin is the chance for everyone to help Blockchain process the transaction. That process is named with mining because if the block can solved, blockchain will give you Bitcoin as reward. For now the reward is around 12.5 Bitcoin per block. To mining Bitcoin you need miner hardware like ASIC miner or GPU who can run for SHA-256. If you use CPU that will take you forever time to solve the block.

Thanks for this constructive contribution and good information, indeed what you mentioned is true, especially for bitcoin mining using ASIC miners and as for the CPU it can stay forever without solving a single block. Although the first block was mined using a CPU.

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With the current conditions I think it is very difficult to get profits from mining Bitcoin. I don't know right now whether there are still those who are mining bitcoin that actually use some sort of RIG. So that the results obtained are faster by other mining methods.

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On 12/19/2019 at 2:03 PM, Muhammad Hamza said:

Yes you are right if we buy a miner for our computer etc then it will be more speaded mining because that is a real mining

Yes. The best minier we can get at ASICs. They are specific to min in and mining alone. It is the most profitabke and mist efficient. 

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6 hours ago, Man said:

With the current conditions I think it is very difficult to get profits from mining Bitcoin. I don't know right now whether there are still those who are mining bitcoin that actually use some sort of RIG. So that the results obtained are faster by other mining methods.

Yes, right. Bitcoin mining has become extremely difficult and profits are low unless you have very strong mining devices. Currently the most lucrative way is ASICMiner devices. But after the Bitcoin liquidation that will happen soon, these profits will decrease as well.

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On 12/2/2019 at 3:14 AM, Crypto123 said:

Meaning of bitcoin mining

Mining is the process of adding transactions to the public record to past transactions, this professor of past transactions is called blockchain, a series of blocks, bitcoin designed to be resource-intensive and difficult so that the number of blocks found every day by miners remains constant, those individual blocks must contain Mining can be called solving complex mathematical equations by super computing computers, And miners are rewarded by Bitcoin currencies.The Bitcoin network changes the level of difficulty of mathematical equations, based on the speed of their solution.

Mining was in the past is powered by graphics cards, which can perform these operations faster, but they use large electric power, and then launched a new product to assist in the mining process, the first of these products is a chip known as ASIC or Application Specific Integrated Circuit designed specifically for Mining process, this segment accelerated the mining process with less energy consumption.

 

Reasons difficulty of mining now 
Bitcoin mining was initially very lucrative, but with the advent of Bitcoin and its search, the number of minerals for that currency increased, which made the number of Bitcoin seekers very large.We know that mining is a process of decoding and mathematical equations.It is also known that it will be Only 21 million bitcoins were created and then these currencies will be traded and no new currencies will be produced, all of which has made the mining process difficult now, but don't lose hope. Increasing mining on the currency will make its price rise, making the mining process profitable well, and don't forget. Technology has done a lot in all areas , Including cryptocurrencies of course, which has been discovered new ways in the process of mining cryptocurrencies increased the process of profit.

Yeah, you are right. A process in which algorithm is solved and ledger is updated is called mining. The one for bitcoin is called bitcoin mining.

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On 12/21/2019 at 10:45 AM, Crypto123 said:
On 12/21/2019 at 4:23 AM, Man said:

With the current conditions I think it is very difficult to get profits from mining Bitcoin. I don't know right now whether there are still those who are mining bitcoin that actually use some sort of RIG. So that the results obtained are faster by other mining methods.

Yes, right. Bitcoin mining has become extremely difficult and profits are low unless you have very strong mining devices. Currently the most lucrative way is ASICMiner devices. But after the Bitcoin liquidation that will happen soon, these profits will decrease as well.

I just found out about this kind of device ASIC's Miner. If it can still be profitable, then keep mining using this device. But if the calculations are still not getting profit, then I suggest pausing for a moment.

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Thanks for sharing such a useful information..what you tell is 100 percent right I agreed with you.so many people now in the world are earning through bitcoin mining.i will also want to mine one day

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6 hours ago, Man said:

I just found out about this kind of device ASIC's Miner. If it can still be profitable, then keep mining using this device. But if the calculations are still not getting profit, then I suggest pausing for a moment.

These devices are not new and are constantly updated and there are generations of these devices. Modern devices work efficiently and are profitable, but devices that have become somewhat outdated unless they provide sufficient profits.

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Bitcoin mining is the process of transactions in the digital currency system, in which the records of current Bitcointransactions, known as a blocks, are added to the record of past transactions, known as the block chain.it is mainly done by joining mining pool and mining hardwares.it is costly although.In return, they are awarded a certain number of Bitcoins per block.

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