Learn how bitcoin is mined

[Lens]

Simply explained, mining is the process of creating a crypto coin by using computers to solve complicated computational mathematical equations. Bitcoin mining has become well-known, and many people participate in it. A new bitcoin is created when a complicated mathematical equation is successfully solved.

Bitcoin miners are also used in the solution of these difficult mathematical problems. The quantity of bitcoins created is directly proportional to the power of your computer hardware. A high hashrate per second is the result of high-powered mining equipment.

Bitcoin mining is a lucrative enterprise that is gaining traction among organizations, governments, and people.
In 2013, bitcoin miners began using equipment designed exclusively for mining. Application Specific Integrated Circuits, or ASICs, are used in bitcoin mining machines.

What are your thoughts on bitcoin mining?

 

[HayKay]

What I really want to understand is where the mathematical equations are gotten from? Is it readily available or there's special access to it? Paid or free?
Let's know how to get the equations too

 

[Yusuf]

Bitcoin mining is actually a good way to get some coin in ones portfolio. However, the only thing with this is just that the mining is not really easy to do without a rigging system.

 

[Dagm1]

Bitcoin mining is actually really a great way to obtain some coin in ones profile. Nevertheless, the just point using this is actually simply that the mining is actually certainly not truly simple without a rigging body.

 

[eLdavis]

Bitcoin mining is actually a good way to get some coin in ones portfolio. However, the only thing with this is just that the mining is not really easy to do without a rigging system.

It has even become Abit hard to mine unlike the early stages. You should be ready to get a system that can handle the amount of energy required and the earnings are not as fast or much like before.

 

[Amari]

Bitcoin mining is the act by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger. It is done using very sophisticated computers that solve extremely complex computational math problems.

 

[Nurudeen]

Mining Bitcoin is a very good on how to generate Bitcoin without buying it from any crypto currency exchange platform. However, mining it is very hard and requires a lot of rigging system

 

[Shigobad2020]

Simply explained, mining is the process of creating a crypto coin by using computers to solve complicated computational mathematical equations. Bitcoin mining has become well-known, and many people participate in it. A new bitcoin is created when a complicated mathematical equation is successfully solved.

Bitcoin miners are also used in the solution of these difficult mathematical problems. The quantity of bitcoins created is directly proportional to the power of your computer hardware. A high hashrate per second is the result of high-powered mining equipment.

Bitcoin mining is a lucrative enterprise that is gaining traction among organizations, governments, and people.
In 2013, bitcoin miners began using equipment designed exclusively for mining. Application Specific Integrated Circuits, or ASICs, are used in bitcoin mining machines.

What are your thoughts on bitcoin mining?

Minning of cryptos means the creation of crypto currency coin by using computers to solve some issues or equations , I don't fancy mining bitcoin but i heard its a lucrative business.

 

[Rhapsody]

When I first knew bitcoin. I was planning to have a mining rig. But it was unfortunate I couldn't gathered enough money to have my own mining rig. But now it is not as profitable as before because bitcoin difficulty has increased a lot.

 

[Grandeur]

Except if one can be lucky to work with a mining firm, I wouldn't advise anyone to go into mining especially with a poor device like smartphones or laptops that don't have good properties.

 

[mcjerry]

Mining Bitcoin is a very good on how to generate Bitcoin without buying it from any crypto currency exchange platform. However, mining it is very hard and requires a lot of rigging system

That is the problem with bitcoin mining. With the difficulty increasing every day. This has made it more hard for people to like bitcoin. With the hardware used to mine bitcoin always changing every time. It is better to mine new coin

 

[BrolySSJ]

Bitcoin mining can be very lucrative if you have the right equipment and as you have said here it does require a lot of computational power and therefore the right equipment will be able to profit you quite substantially. However I think that the amount of money that is required to get involved in this can be quite expensive and as a result people are generally deterred by a price.

 

[Josemendez]

If bitcoin mathematical problem can be solved by humans , it will indeed affect the price and value of bitcoin because a lot of people will be into it causing excess supply

 

[Dowenship]

Simply explained, mining is the process of creating a crypto coin by using computers to solve complicated computational mathematical equations. Bitcoin mining has become well-known, and many people participate in it. A new bitcoin is created when a complicated mathematical equation is successfully solved.

Bitcoin miners are also used in the solution of these difficult mathematical problems. The quantity of bitcoins created is directly proportional to the power of your computer hardware. A high hashrate per second is the result of high-powered mining equipment.

Bitcoin mining is a lucrative enterprise that is gaining traction among organizations, governments, and people.
In 2013, bitcoin miners began using equipment designed exclusively for mining. Application Specific Integrated Circuits, or ASICs, are used in bitcoin mining machines.

What are your thoughts on bitcoin mining?

What i can say about this mining of a thing is... bitcoin mining as going beyond what ordinary PC or mobile phones can handle... Bitcoin mining is required by big equipment..

 

[Victorial]

Bitcoin mining has become the fastest ways of getting the coins. But it requires many things to effectively mine. It's not just getting the a computer. Getting tools and the money to buy the can be a challenge

 

[Lens]

What I really want to understand is where the mathematical equations are gotten from? Is it readily available or there's special access to it? Paid or free?
Let's know how to get the equations too

The computational mathematics is an algorithm. An algorithm is a method or procedure for solving a problem that is based on performing a series of steps. An complex algorithm can be seen as a computer program. An algorithm is a simple technique that solves a recurring problem in mathematics and computer science. It's free but if you want to increase the mining speed, you will buy more hashrate.

 

[Josephjossy]

After reading this article, I think I understand best how Bitcoin mining is all about, I have been trying to understand what Bitcoin mining is all about but I was not able to understand it until I read this post. I think I will look for a way to try it out to see if I will earn

 

[Bousine123]

Thanks for the detailed explanation my friend. I never knew how Bitcoin is mined until this your post. Its really lucrative but would require a lot.

 

[Kingstone]

My main concern is what they mean by firstly getting a mining rig before one can mine bitcoin. I have not seen someone mining Bitcoin, which shows there are many things to be put in order.

 

[Dowenship]

My main concern is what they mean by firstly getting a mining rig before one can mine bitcoin. I have not seen someone mining Bitcoin, which shows there are many things to be put in order.

You can't see anybody mining bitcoin because it require a lot of equipment i mean heavy equipment that consumes a lot of electricity...