What's Bitcoin Mining

Posts 16–24 of 24 · Page 2 of 2
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:
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.
Don't do it unless bitcoin prices go very high to bear the cost of mining.

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Quote Originally Posted by Chaos View Post
@Hova @Psychotic @DarkLordXYZ this should be moved to the new "cryptocurency talk" section
U just made this thread less populated
Quote Originally Posted by Palesantos View Post
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.
Something that is not worth to do at the moment.
Quote Originally Posted by Fliest_aladdin View Post
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.
Quote Originally Posted by joker91 View Post
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
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