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Author Topic: What is Bitcoin Mining?  (Read 693 times)

Marcusbrown

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What is Bitcoin Mining?
« on: November 29, 2018, 12:26:53 PM »

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.

Trafalgar

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Re: What is Bitcoin Mining?
« Reply #1 on: February 06, 2019, 02:57:42 PM »
Bitcoin is not profitable for mining. It's better to deal with cloud mining.

infoinvestart

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Re: What is Bitcoin Mining?
« Reply #2 on: February 07, 2019, 07:39:24 PM »
Mining Btc is now profitable if there is a free trading socket :D

Jk

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Re: What is Bitcoin Mining?
« Reply #3 on: February 11, 2019, 12:31:54 AM »
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.

Jk

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Re: What is Bitcoin Mining?
« Reply #4 on: February 11, 2019, 12:35:43 AM »
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.

Cryptomate03473

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Re: What is Bitcoin Mining?
« Reply #5 on: February 19, 2019, 09:53:21 AM »
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.

Cryptofutures1000

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Re: What is Bitcoin Mining?
« Reply #6 on: February 19, 2019, 02:07:11 PM »
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

Loka777

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Re: What is Bitcoin Mining?
« Reply #7 on: March 19, 2019, 08:58:10 AM »

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

stiven334

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Re: What is Bitcoin Mining?
« Reply #8 on: March 25, 2019, 10:30:39 PM »
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

bit858585

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Re: What is Bitcoin Mining?
« Reply #9 on: March 28, 2019, 08:33:33 PM »
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

pritka

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Re: What is Bitcoin Mining?
« Reply #10 on: March 28, 2019, 11:21:53 PM »
Less and less profitable, and you need more and more investments to make good money.

yaelahwall

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Re: What is Bitcoin Mining?
« Reply #11 on: May 10, 2019, 04:57:07 PM »
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.

Mpxs

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Re: What is Bitcoin Mining?
« Reply #12 on: May 27, 2019, 06:10:49 AM »
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

Obiwankenodium

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Re: What is Bitcoin Mining?
« Reply #13 on: June 14, 2019, 07:28:44 PM »
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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agustd0309

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Re: What is Bitcoin Mining?
« Reply #14 on: June 21, 2019, 09:19:35 AM »
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.

 

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