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What Do You Understand By Bitcoin Mining by Abramovich001(m): 9:03am On Jun 22, 2022 |
Kindy share your opinion and experiences about it. Someone can be blessed by your content |
Re: What Do You Understand By Bitcoin Mining by fredkellz(m): 11:08am On Jun 22, 2022 |
Currently not that profitable except if you have cheap electricity,am into mining though.also if you will just have to HODL for now. 1 Like |
Re: What Do You Understand By Bitcoin Mining by Chaos14: 11:43am On Jun 22, 2022 |
I also want the meaning of bitcoin mining |
Re: What Do You Understand By Bitcoin Mining by Abramovich001(m): 8:24pm On Jun 23, 2022 |
@chaos14 Chaos14: Try and check out on google first for basic knowledge Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves vast, decentralized networks of computers around the world that verify and secure blockchains – the virtual ledgers that document cryptocurrency transactions. In return for contributing their processing power, computers on the network are rewarded with new coins. It’s a virtuous circle: the miners maintain and secure the blockchain, the blockchain awards the coins, the coins provide an incentive for the miners to maintain the blockchain. This will be a bit helpful of what Bitcoin mining is about |
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