Bitcoin Garden Forum
Cryptocurrencies => Mining => Topic started by: Marcusbrown on November 29, 2018, 12:26:53 PM
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The advent of blockchain technology and cryptocurrencies has created a spur amongst the technology enthusiasts. Opening the gates for creating highly diverse ecosystems, applications, and new earning opportunities, Bitcoin mining has always been in the spotlight of the crypto world.
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Bitcoin is not profitable for mining. It's better to deal with cloud mining.
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Mining Btc is now profitable if there is a free trading socket :D
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Bitcoin is not profitable for mining. It's better to deal with cloud mining.
rights high cost hardware, to much use power electricity, now just few bitcoin can minning it men very hard to Minning, not equivalent with the price of bitcoin.
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Mining Btc is now profitable if there is a free trading socket :D
usually free Minning BTC are scam bro. We must get referral doing something or we must pay some money to up grade speed.
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One of the fundamental questions many people have about Bitcoin revolves around the tokens themselves. Questions about its value, security and history, all eventually lead to one place: Where do bitcoins come from?
While traditional money is created through (central) banks, bitcoins are “mined” by Bitcoin miners: network participants that perform extra tasks. Specifically, they chronologically order transactions by including them in the Bitcoin blocks they find. This prevents a user from spending the same bitcoin twice; it solves the “double spend” problem.
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There is a great book that can teach you how to mine and it is on Amazon and it is called The Beginners Guide to Crypto Mining - it's really good if you want to build your own rig
https://www.amazon.com/Beginners-Guide-Crypto-Mining/dp/9949730864/ref=sr_1_fkmrnull_2?keywords=aviva+mining&qid=1550477661&s=gateway&sr=8-2-fkmrnull
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The advent of blockchain technology and cryptocurrencies has created a spur amongst the technology enthusiasts. Opening the gates for creating highly diverse ecosystems, applications, and new earning opportunities, Bitcoin mining has always been in the spotlight of the crypto world.
Meta mining is not an easy plan, it requires multiple rights and its costs are high in terms of continuous technologies and electricity in large quantities .. I think cloud mining is less expensive
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I think mining now is not very profitable. It becomes profitable when using large farms of appliances. The use of solar energy to produce energy. Earnings will be much higher
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I think mining now is not very profitable. It becomes profitable when using large farms of appliances. The use of solar energy to produce energy. Earnings will be much higher
untill btc is not 20k
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Less and less profitable, and you need more and more investments to make good money.
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Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The concept of Bitcoin mining is simply the process of generating additional Bitcoins until the supply cap of 21 million coins has been reached.
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yes, I now stop mining for bitcoin, because for me it will also take longer to profit, so I now also prefer trading altcoins on the market, because now market prices are starting to appear
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Mining Btc is now profitable if there is a free trading socket :D
usually free Minning BTC are scam bro. We must get referral doing something or we must pay some money to up grade speed.
yes most of these cryptocurrency cloud mining services are scams. They want you to use your Cryptocurrency to buy extra hashingpower or like you say to lure in your friends and family. And if you reach the payout level they have already exit scammed.
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Bitcoin mining can only be profitable for those who have the rightful resources. As is common knowledge that the resources needed for mining bitcoin are quite expensive (mining rigs, way too high electricity consumption, etc). If these all can be afforded, then you can join the bitcoin mining pool and begin mining.
For more details related to this aspect read this informative article on bitcoin mining (https://coinswitch.co/news/how-to-mine-bitcoin-in-2019-beginners-bitcoin-mining-guide).
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if I think I prefer trading than we have to keep mining, for me it will also be difficult to use mining, so right now I also like to trade bitcoin, because the benefits that I produce are also quite good
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As you already know bitcoin is different from traditional currencies. Unlike traditional currencies, bitcoins operates on a public ledger system. Bitcoin mining can be defined as the backbone of the bitcoin network. Miners confirm bitcoin transactions and also provide security. Without bitcoin mining, the network would start malfunctioning and become vulnerable to attacks.
The primary purpose of a bitcoin miner is to secure the network and confirm the bitcoin transaction. To make it happen, the miner makes use of a specialized computer system. Miners are required to solve a computational problem. This helps them to chain together different blocks of transactions. As a reward, miners are offered free bitcoin mining along with transaction fees.
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Bitcoin is not profitable for mining. It's better to deal with cloud mining.
Agree.The average home miner will struggle to be profitable or recoup the cost of mining hardware and electricity, especially with the Bitcoin downward price trend.
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Those who acquired a powerful home farm can boast of their achievements, but I did not stop mining even when everyone said that it was not profitable.
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Hello Yalhis,
If you are looking for a cloud mining site, I suggest you check the site well carefully so you can be sure that this is not a scam site do some research on this site to see if there are positive feedback to avoid risk.
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I don 't do Bitcoin mining.