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How mining is done?

  • Thread starter Thread starter Castelione
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Castelione

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I'm bit confused between mining and trading. How mining is actually done and how can we really earn from it.
 
Well it does not have much to do the trading with mining, mining is the process by which new cryptocurrencies are created within its blockchain, this is done through specific hardware which today has a fairly high cost, miners through a mathematical process and thanks to the computing power of the GPU and CPU solve a mathematical problem with which new cryptocurrencies are created and also transactions are validated on the network, it is a difficult process to explain, but if you want to make money with it, you're usually going to require a good investment.
 
riberet19 said:
Well it does not have much to do the trading with mining, mining is the process by which new cryptocurrencies are created within its blockchain, this is done through specific hardware which today has a fairly high cost, miners through a mathematical process and thanks to the computing power of the GPU and CPU solve a mathematical problem with which new cryptocurrencies are created and also transactions are validated on the network, it is a difficult process to explain, but if you want to make money with it, you're usually going to require a good investment.
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In reality, none of mentioned is done, it is just an HYIP script showing that you have hash power and mine and buy hash power to increase hourly revenue and suddenly stop paying the members without warning.
 
saoussen5765 said:
In reality, none of mentioned is done, it is just an HYIP script showing that you have hash power and mine and buy hash power to increase hourly revenue and suddenly stop paying the members without warning.
Click to expand...
We are not talking about cloud mining sites, but about real mining in the sha-256 protocol, that is, the mining of real cryptocurrencies with real hardware, especially those that work with proof of work.
 
Is the process of validating and recording transactions on the coin network, as well as creating new coins. It involves solving complex mathematical problems through computational power. Earning from mining depends on various factors, including the cost of electricity, mining hardware efficiency, competition, and the current coin price.
 
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