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 Everything you need to know about Bitcoin mining

Everything you need to know about Bitcoin mining

Mining Bitcoin

Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
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Cryptocurrency News & Discussion

The official source for CryptoCurrency News, Discussion & Analysis.
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Bitcoin India

Discussions and news about Bitcoins in India
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ELI5: What is mining for bitcoins, and how is it done?

submitted by deadtoaster2 to explainlikeimfive [link] [comments]

For newbies: What is really happening in the bitcoin mining process?

Hi guys,for anyone who do not know the whole process of bitcoin mining, kindly refer to my post. And questions are always welcomed.
https://www.reddit.com/use1TMine/comments/itqn6s/what_is_really_happening_in_the_bitcoin_mining/?utm_source=share&utm_medium=web2x&context=3
submitted by 1TMine to BitcoinMining [link] [comments]

Did you miss last week's developments in EOSIO? The latest EOS Hot Sauce covers: 🌶 €1M for WordProof - whats next? 💶 🌶 WAX Atomic Hub Launch & Capcom's Street Fighter is coming! 🎇 🌶 BlockOne votes & details about their NorthernData Bitcoin Mining Partnership! 😮 and more!

Did you miss last week's developments in EOSIO? The latest EOS Hot Sauce covers: 🌶 €1M for WordProof - whats next? 💶 🌶 WAX Atomic Hub Launch & Capcom's Street Fighter is coming! 🎇 🌶 BlockOne votes & details about their NorthernData Bitcoin Mining Partnership! 😮 and more! submitted by EOSNation to eos [link] [comments]

@BinanceResearch: Bitcoin Gold is up 5.36% in the last 24 hours. But what is $BTG? It's a Bitcoin fork that changed the scripting function & the supply to curb ASIC mining. Some people think #BTG is superior to #Bitcoin. Do you? Read our report and see for yourself ⬇️ https://t.co/w4OF4xEjgb

@BinanceResearch: Bitcoin Gold is up 5.36% in the last 24 hours. But what is $BTG? It's a Bitcoin fork that changed the scripting function & the supply to curb ASIC mining. Some people think #BTG is superior to #Bitcoin. Do you? Read our report and see for yourself ⬇️ https://t.co/w4OF4xEjgb submitted by rulesforrebels to BinanceTrading [link] [comments]

Another week of webinars is ahead of us! Next week, hear from Developer Advocate Solange Gueiros for a Portuguese webinar on What is RSK, learn about Bitcoin Mining and Macro Industry Trends, and take part in our workshop to host your own decentralized website on RIF Storage!

submitted by Maritu_ to rootstock [link] [comments]

bitcoin: slow, Chinese mining pools, energy consumption, not a safe haven, not a store of value. The bitcoin narrative is being eroded every day since this drop. So what is it great for?

Payments? Way to many better cryptos out there for that. Im tired of the BTC maxis saying bitcoin is made for this liquidity crunch.
Its simply a speculative asset. Thats it, the space has moved too far ahead. That being said, I hodl and I think this is going to pump hard.
If this is a truly manipulated market there has never been a time like right now for the manipulators to push this market up and drag money into the crypto sphere.
submitted by lemonmule to CryptoCurrency [link] [comments]

Bitcoin halving: What its and what it can mean for future of mining (current BTC/USD price is $9,743.86)

Latest Bitcoin News:
Bitcoin halving: What its and what it can mean for future of mining
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

This is crazy. Sent bitcoin from another wallet of mine to my cashapp wallet and it’s been pending for hours and come to find out my “account is closed?” What’s going to happen to the bitcoin in limbo

This is crazy. Sent bitcoin from another wallet of mine to my cashapp wallet and it’s been pending for hours and come to find out my “account is closed?” What’s going to happen to the bitcoin in limbo submitted by Isellthingsalot to CashApp [link] [comments]

I’m almost completely new to bitcoin and mining. But what is the best bitcoin mining software for pc for beginners?

I have a older pc just laying around and want to put it to use, what is the easiest software for beginners?
submitted by stupidboyy to Bitcoin [link] [comments]

Everyone is talking about Bitcoin Halving. Miners in 2009 received 50 BTC for mining each block but now it's going to be 6.25! We saw a huge price change after the last two halvings. Ahead of 3rd Bitcoin Halving, what is your expectations, what is going to happen?

Everyone is talking about Bitcoin Halving. Miners in 2009 received 50 BTC for mining each block but now it's going to be 6.25! We saw a huge price change after the last two halvings. Ahead of 3rd Bitcoin Halving, what is your expectations, what is going to happen? submitted by mirrasel to Bitcurate [link] [comments]

I want to start mining bitcoin, just for fun. What is the minimum setup required to gross $10/month? $100/month? $200/month?

I'm asking about gross income, not net income. As an extra question, is the following a valid statement?
Could someone comment on the above statement (with a bit of detail)? Is there another sub I should post this question to?
submitted by Another4654556 to NoStupidQuestions [link] [comments]

04-20 13:24 - 'China Distancing is picking steam! Japan just pulled out of China; what does this mean for Mining, Bitcoin and Crypto in general?' (cryptotapas.com) by /u/whatisfomo removed from /r/Bitcoin within 0-9min

China Distancing is picking steam! Japan just pulled out of China; what does this mean for Mining, Bitcoin and Crypto in general?
Go1dfish undelete link
unreddit undelete link
Author: whatisfomo
submitted by removalbot to removalbot [link] [comments]

What is Lowest Break-even Cost for Bitcoin Mining? Here’s Where S17 Miners Stand

What is Lowest Break-even Cost for Bitcoin Mining? Here’s Where S17 Miners Stand submitted by n4bb to CoinPath [link] [comments]

Bitcoin was first mined 11 years ago in January during the recession. With the economy the way it is now, what is your “bitcoin” for the next decade?

submitted by mattso113 to investing [link] [comments]

The "bit" stands for bitcoin, "rawr" means "i love you" in dinosaur language. This is Bitrawr. A project I've been working on for about 6 months now in an attempt to map the entire landscape of Bitcoin. From exchanges to wallet, mining to ATMs, it's all here. Let me know what you think!

The submitted by bitrawr to Bitcoin [link] [comments]

Unathi Kwaza RT from Free Thoughts: Why is there a finite amount of bitcoin? What happens when all of the bitcoin is mined? What’s next for cryptocurrencies and blockchain technology? Will the government step in to regulate this? Can it?

Unathi Kwaza RT from Free Thoughts: Why is there a finite amount of bitcoin? What happens when all of the bitcoin is mined? What’s next for cryptocurrencies and blockchain technology? Will the government step in to regulate this? Can it? submitted by TweetArchiveBot to LibertyRSA [link] [comments]

Bitcoin Cash hashrate is at all time high. Miners are putting ideology before profit mining BCH at a relative loss to BTC. Does not matter what side you are rooting for: This is _exactly_ how its intended to work, and its beautiful!

Bitcoin Cash hashrate is at all time high. Miners are putting ideology before profit mining BCH at a relative loss to BTC. Does not matter what side you are rooting for: This is _exactly_ how its intended to work, and its beautiful! submitted by nagdude to btc [link] [comments]

Where does bitcoin get its value and who/what decides how much is released for x amount of mining?

submitted by kukkelii to NoStupidQuestions [link] [comments]

Flashback Friday: Jihan Wu, largest Bitcoin Mining CEO hints of a possible Bitcoin Cash Flippening. Says BCH could have a killer app for 0-confirmations, which "causes value to increase drastically and maybe flippen" @14min mark, Hopefully this is what Amaury Sechet is working on.

Flashback Friday: Jihan Wu, largest Bitcoin Mining CEO hints of a possible Bitcoin Cash Flippening. Says BCH could have a killer app for 0-confirmations, which submitted by cryptorebel to btc [link] [comments]

Another Bitcoin mining software that we just tested is called the Cudo Miner. While still in beta, it’s really easy to setup and configure, and all you need is a PC and an email address. What’s most beautiful about this app is that it comes for Windows, Linux and Mac, and we all know how hard ⬇️⬇️

Another Bitcoin mining software that we just tested is called the Cudo Miner. While still in beta, it’s really easy to setup and configure, and all you need is a PC and an email address. What’s most beautiful about this app is that it comes for Windows, Linux and Mac, and we all know how hard ⬇️⬇️ submitted by crypto5800 to u/crypto5800 [link] [comments]

EILI5 - when the last Bitcoin is mined, what is the incentive for people to continue operating the nodes?

Perhaps I just don’t understand some basic concepts of how this all works. My understanding is that the decentralized network that operates BTC runs on computers that are rewarded for their work, in the form of “mined” coins. When the last coin is mined, what is the incentive for people to continue operating the nodes? Please let me know where my misunderstanding lays. Love y’all!
submitted by allovertheplaces to CryptoCurrency [link] [comments]

Nicehash VS Minergate What Crypto Miner Is Best For You Bitcoin Mining Made Easy!

Nicehash VS Minergate What Crypto Miner Is Best For You Bitcoin Mining Made Easy! submitted by ososru to Bitcoin4free [link] [comments]

How To Mine Bitcoin - YouTube What is Bitcoin? How to Mine Bitcoin? [ Bangla Video ... What Do YOU Need to MINE ONE BITCOIN In 2020?! - YouTube What is Bitcoin Mining? - YouTube How to start Bitcoin mining for beginners (SUPER EASY ...

Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain. Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number. The Bitcoin mining operation is performed in an environmentally friendly way, protecting our planet, while still generating a healthy return to Bitway token holders. We stand for the distribution of 21m Bitway (WAY) tokens and have a long-term goal of creating a decentralized mining platform. The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Miningplace is an experienced bitcoin mining community dedicated to providing the best cloud mining experience and top-notch customer service. With our professionalism, sincerity, and efforts, we have gained trust and support from worldwide customers.

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How To Mine Bitcoin - YouTube

For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? T... What do you need to mine one Bitcoin BTC coin in 2020? Let's review Bitcoin mining profitability and what BTC mining rigs you would need to mine an entire co... Today I show you how to mine the worlds #1 cryptocurrency - Bitcoin. Mining bitcoin is actually incredibly easy. This tutorial will tell you everything there... What is Bitcoin? With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet... This video will show you how to start bitcoin mining from home. It's very easy and "free" to do if you have a gaming PC. *****...

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