What's Bitcoin Mining

[Fliest_aladdin]

makes sense!\

[PYtime]

Bitcoin mining.. You use your CPU or GPU and get some little bitcoin minins power.
With that mining power? You get some bitcoin in your wallet.
To do that you need to join a "Pool"
And to join a "Pool" you need to register on some website.

Hit thanks c:

[alexw203]

I would say don't even bother with it, since 90% of populated places you will pay more for electrisity bill than you're earning. Also it's waste of time for any mature people.

[Chaos]

@Hova @Psychotic @DarkLordXYZ this should be moved to the new "cryptocurency talk" section

[Palesantos]

Don't do it unless bitcoin prices go very high to bear the cost of mining.

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@Hova @Psychotic @DarkLordXYZ this should be moved to the new "cryptocurency talk" section

U just made this thread less populated

[Chaos]

Don't do it unless bitcoin prices go very high to bear the cost of mining.

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U just made this thread less populated

This is where the thread should belong. If people actually care about the topic, they should easily find it here, considering it is just a mouse click away. If not, then they shouldn't post here in the first place.

[Thraxas]

Something that is not worth to do at the moment.

[joker91]

someone please explain a simple version

so when somebody makes a purchase with btc it goes through blockchain.. then it takes up to 2 hours usually. the higher the fee the faster ur transaction will go through but u have to have a system and that system basically finds the transactions and inputs them into the blockchain system. and for every transaction you "mine" you get a fee. but im assuming the better equiptment u have the better fees u will be able to mine.

[Fliest_aladdin]

so when somebody makes a purchase with btc it goes through blockchain.. then it takes up to 2 hours usually. the higher the fee the faster ur transaction will go through but u have to have a system and that system basically finds the transactions and inputs them into the blockchain system. and for every transaction you "mine" you get a fee. but im assuming the better equiptment u have the better fees u will be able to mine.

ohhhh makes a little sense