What is the meaning of bitcoin mining? - Mining - CryptoTalk.Org Jump to content
Crypto123

What is the meaning of bitcoin mining?

Recommended Posts

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.

Share this post


Link to post
Share on other sites
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!

Share this post


Link to post
Share on other sites

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 

Share this post


Link to post
Share on other sites

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.


[¶] I am working to educate street-childrens in my area. You can Donate for their educational materials: 

₿: 3JjY452XaoVfR6wFeZEp3htuj6TE3wq47z

ETH: 0x479eAf3d641819670526A001Fe667000d2F1b293

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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 

Share this post


Link to post
Share on other sites

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.


Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
14 hours ago, Goodtime said:

it is mainly done by amalgamation mining amalgamate and mining hardwares.it is costly although.In return, they are awarded a particular numeral of Bitcoins per block.
 

Yes you are right, Bitcoin mining costs a lot of money, but there is a good amount of income I can earn from many people, including my friends.

Share this post


Link to post
Share on other sites

Bitcoin hash rate is growing very rapidly and many ASIC manufacturers are updating their software. It is very pleasing that there are miners in the crypto market for mining bitcoin. 

Share this post


Link to post
Share on other sites

Bitcoin mining is the process to collect blocks and allow all blockchain bitcoin transactions that's have been maded buy the bitcoin users so you take their withdraw fees for allowing their transactions to be processed faster 

  • Useful or interesting 1

Trade on forex without KYC verification, also deposit and withdraw easy with bitcoin.... Just click on this LINK

 

The best forex broker with leverege up to 300× minimum deposit $10 only.

Iqoption.com/signup

Share this post


Link to post
Share on other sites
On 12/28/2019 at 2:27 PM, Luciferludz said:

Bitcoin mining is the process to collect blocks and allow all blockchain bitcoin transactions that's have been maded buy the bitcoin users so you take their withdraw fees for allowing their transactions to be processed faster 

Thank you for the good answer, and the good explanation. In fact, there are a lot of responses on this topic, but unfortunately most of them do not contribute to the issue constructively, but you your response was good and constructive.

Share this post


Link to post
Share on other sites

Thanks for your very helpful sharing, I have been more knowledgeable. mining for me is simply profitable for me. I am currently doing this.

Share this post


Link to post
Share on other sites

Bitcoin mining is the digital currency system processing of transaction, where current Bitcoin, known as blocks, are included in the block chain records of past transactions.

Share this post


Link to post
Share on other sites

Thanks for this definition, this is good and helpful informations, bitcoin mining in the current time is used by the capable people

Share this post


Link to post
Share on other sites
On 12/2/2019 at 10:14 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.

Well, your right on the reason why it's difficult to mine. It always requires high end pc to mine smoothly. And that's difficult to buy if you are just a low class miner that only uses low end or not compatible mining devices.

Share this post


Link to post
Share on other sites
On 1/18/2020 at 4:10 PM, Hami13 said:

Thanks for your time a great deal designed for writing this post to help you usa around bitcoin exploration. At present actually, i know everything that bitcoin exploration is without a doubt and even how exactly does the application runs. A whole lot of caused by one!

Thank you, this is kindness from you, I try as much as possible to write short and useful information so that everyone can benefit, and I hope everyone contributes to improving the level of the forum by writing useful topics.

Share this post


Link to post
Share on other sites
1 hour ago, Pinky55 said:

In this process a transaction get verified let me explain this .. when you send bitcoin to your friend then it come to a miner who will verify that this is authentic and sending to right address or not and then finally sent to the address

Yes, it is true, but not just to verify that the address is correct, but also to register the transaction in the Bitcoin blockchain. Because all Bitcoin transactions must be registered in the blockchain. It is an open ledger for everyone.

Share this post


Link to post
Share on other sites
On 1/23/2020 at 10:17 AM, Crypto Bull said:

That's what i understand mining is bitcoin.People use their computers and Reg machine  to solve math problems that everyone who uses bitcoin needs solved. As a reward, the first person to solve the problem gets some bitcoins of their own. Some people get into big groups and promise to share the reward if they find it.

It is not the first one to dissolve it, but all miners in the basin disband the block and get a reward each one according to his own Hash Power, your words could be correct in the case of Solo mining. Tank you.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • 28 марта биткойн-ETF ARK 21Shares стал свидетелем беспрецедентных инвестиций в размере 243,5 миллионов долларов США, что означает значительный рост, более чем в пять раз превышающий обычный ежедневный объем. Согласно предварительным данным Farside Investors, приток 27 марта в биткойн-ETF ARK 21Shares вырос в четыре раза по сравнению со средними дневными инвестициями в $43,9 млн с момента его дебюта 11 января. Этот приток почти втрое превысил показатель предыдущего дня в 73,6 миллиона долларов, что значительно превышает сценарий отсутствия поступлений 25 марта.   Таблица инвестиций в биткойн-ETF | Источник: Farside Investors. Между тем, Bitcoin ETF (IBIT) компании Blackrock  показал еще более впечатляющий приток: новые инвестиции составили 323,8 миллиона долларов. Другие биткойн-ETF, такие как Valkyrie Bitcoin ETF (BRRR), зафиксировали 5,1 миллиона долларов, Invesco Galaxy Bitcoin ETF (BTCO) получили 4,8 миллиона долларов, Franklin Bitcoin ETF (EZBC) привлек 4 миллиона долларов, а VanEck Bitcoin ETF (HODL) зарегистрировал 1,9 миллиона долларов в новых биткойн-ETF. вложения. И WisdomTree Bitcoin ETF (BTCW), и Fidelity Investments Bitcoin ETF (FBTC) сообщили о притоке в размере 1,5 миллиона долларов, продемонстрировав более скромную прибыль.   Он предположил, что ландшафт инвестиций в биткойн-ETF будет постепенно меняться в течение следующих нескольких лет посредством многочисленных индивидуальных оценок. Поскольку этот значительный приток в биткойн-ETF отражает растущий институциональный интерес к криптовалюте, генеральный директор ARK Invest Кэти Вуд прогнозирует, что цена биткойна может достичь 3,8 миллиона долларов , что обусловлено его растущей ролью на «финансовой супермагистрали». Вуд утверждает, что осторожный подход SEC к институциональным инвестициям в биткойн может непреднамеренно повысить его цену. Запуск этих финансовых продуктов привел к резкому росту спроса, побив предыдущие инвестиционные рекорды ETF США и возобновив интерес к биткойнам, которые эти фонды напрямую приобретают и управляют. Отраслевые эксперты поддерживают мнение Вуд о том, что предстоящее в апреле сокращение награды вдвое приведет к шоку предложения, что будет способствовать продолжающемуся росту цен, обусловленному спросом. Когда это произошло, биткойн достиг максимума в 71 670 долларов, но опустился ниже уровня 69 000 долларов, в конечном итоге установившись на уровне 69 698 долларов к концу дня. По данным CoinMarketCap, в настоящее время цена Биткойна составляет 70 783 доллара. .   24-часовой график цен BTC: Источник: CoinMarketCap. Криптовалютные аналитики начали спорить о том, что внимание к немедленным ценовым движениям Биткойна затмевает более значительную тенденцию. 28 марта в сообщении на X криптоаналитик Гамшу поделился со своими 28 900 подписчиками, что внимание чрезмерно сконцентрировано на ежедневных движениях цен, а не на признании значительных инвестиций, поступающих в Биткойн. «Поскольку биткойн-ETF испытывают рекордные притоки, беспокойство по поводу дневной цены кажется неуместным», — прокомментировал он. 27 марта главный инвестиционный директор Bitwise Мэтт Хоуган отметил на X, что многим профессиональным инвесторам по-прежнему запрещено покупать биткойн-ETF, особенно в Великобритании, где нормативно-правовая база остается осторожной в отношении криптовалют.     Он предположил, что ландшафт инвестиций в биткойн-ETF будет постепенно меняться в течение следующих нескольких лет посредством многочисленных индивидуальных оценок.    
    • Актуальные курсы на 28.03   🇵🇱 ВАРШАВА 🇵🇱   Покупаем Ваш Tether (USDT).   💸Доплатим Вам 0.7 за $. 🏦Выдадим наличный $, €, PLN. 🏢Центр, свой офис, личная встреча, без предоплат. ♻️Денежные переводы по всему миру! 🌍 💰Работаем с любыми объёмами.   За деталями - пишите Менеджеру 🧑‍💻👉 в телеграм  @PLsmartgroupp
    • Кто знает, может будет дроп или айсио говорят. На этом бирже нужно иметь хорошее терпение и все). Этот запись от чата биржы. У меня тоже есть на телеграме этот чат. Копия биржевского чата. Биткоин пока на росте постепенно. До халвинга около 80к будет наверно.  
    • Уважаемые пользователи!   На сегодня курсы: Покупка: +2.5%(Вы отдаёте 10000usdt, получаете 10250$) Продажа: -3.2%(Вы отдаёте 10000$, получаете 9680usdt)   Так же существует бонусная программа для постоянных клиентов и партнеров   Напоминаем о перечне наших услуг: -Покупка/продажа USDT за наличные -Перестановка наличных по всему миру(50+ стран) -Приём/выплата SEPA, Wise, Revolut, Payoneer, Capitalist, PayPal, -Приём/выплата грн на карту за USDT   Мы находимся на всех известных мониторингах: Bestchange, ExchangeSumo, bits.media, Wellcrypto, Scanbit и прочих   Все заявки оформляются через наш сайт Cashflow.best По всем прочим вопросам обращайтесь в службу поддержки на сайте или телеграмм
    • Сообщается, что основанная Джиханом Ву компания Bitdeer, занимающаяся майнингом криптовалют, ищет 100 миллионов долларов для наращивания своих мощностей по добыче биткойнов. Bitdeer Technologies Holding, компания по добыче биткойнов , основанная Джиханом Ву , как сообщается, ищет финансирование в размере 100 миллионов долларов для расширения своих возможностей по майнингу, как стало известно Bloomberg. Согласно отчету, сингапурская компания намерена использовать средства для расширения своих мощностей по добыче криптовалют, особенно в преддверии ожидаемого в апреле четвертого сокращения вдвое , что приведет к снижению вознаграждений за майнинг. Однако оценка компании после раунда финансирования остается неясной, поскольку обсуждения продолжаются, а детали финансирования могут быть изменены.   Основанная в 2018 году, Bitdeer публично торгуется на Nasdaq под тикером BTDR. На момент написания компания не делала никаких публичных заявлений относительно продолжающихся обсуждений финансирования. Переговоры о финансировании совпадают с приближением четвертого халвинга Биткойна, в результате которого вознаграждение за майнинг сократится вдвое с 6,25 BTC до 3,125 BTC в середине апреля. Сокращение потенциально может повлиять на прибыльность майнинговых предприятий, особенно для небольших компаний. Более того, помимо халвинга, майнеры сталкиваются и с другими проблемами. Как ранее сообщали СМИ, одобрение спотовых биткойн-ETF предоставило традиционным инвесторам альтернативный способ выхода на рынок криптовалют, заменив их зависимость от криптовалютных акций майнинговых компаний в качестве прокси для получения доступа к биткойнам.
    • 28.03.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.5% (Мы доплачиваем) USDT  +1.5% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.7%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  - По Запросу USDT   - По Запросу   Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • Cryptolavka.com is a reliable exchange service designed for those who want to quickly, securely, and at a favorable rate exchange cryptocurrency online! The exchange operates 24/7 in automatic mode, without registration and mandatory verification - we value your privacy! We monitor the cleanliness of crypto through the AMLbot service.Cryptolavka works with the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) Tether (USDT) Litecoin (LTC) Monero (XMR) Tron (TRX) Dogecoin (DOGE) Binance Coin (BSC) Bitcoin Cash (BCH) Solana (SOL) Dash (DASH) Matic (Polygon) Toncoin (TON) USDT Coin (USDC) Avalanche (AVAX) Cryptolavka works with the following banks: Sberbank Humo UzCard Cryptolavka works with the following electronic payment systems: Yandex Money (temporarily under maintenance) In the near future, the number of directions will increase!Advantages of Cryptolavka service: Low commissions Pleasant exchange rates 24/7 exchange High processing speed of applications, due to complete automation No registration and user verification required Cryptolavka on monitors: Bestchange KursExpert Crypto.ru The number of monitors is expanding, and we are also open to cooperation!Cryptolavka on reviews: Etorazvod Trustpilot WOT Mentions in online media: Crypto.ru Profinvestment Coinspot Cryptolavka Affiliate Program:Users have access to a single-level affiliate program, where you will receive 20% of net profit. Increasing the size of the affiliate reward is negotiated individually.Our contacts:Website: https://cryptolavka.com/Email: info@cryptolavka.comSupport on Telegram: https://t.me/cryptolavka_help
    • Increased Rain ☔️   We have some Easter treats in rain form 🐰   Get your umbrellas out and be sure to catch some rain for yourself over the next few days! 🌧
    • По-разному бывает. Я точно не помню уже названия, но несколько шитков максимальную цену имели как раз не на моменте старта, а примерно через пару дней, так что не все под одну гребенку надо делать. Главное, что зарабатывать можно)
    • Да, и это справедливо. Т.к. быть среди лидеров - очень тяжело и рискованно. 😎 Первая задача, то там насколько помню по кнопке Go переходит на бридж (мост), где нужно поменять тестовые токены ETH Sepolia на MINT? ETH Sepolia можно запросить на кранах, ввести запрос в гугле и найти подходящий. У меня они просто уже были на кошельке. Вторая задача только для тех, кто купил их NFT. Кстати, она сейчас стоит 0.318 ETH = 1100$, это к слову о лидерах, почему у них столько баллов. 😎  Сейчас их не перекинуть, ждем дальнейших анонсов. Возможно эти баллы сразу будут влиять на получение эирдропа MINT. 
×
×
  • Create New...