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Beginners & Help
Re: What is btc mining?
by
Abiky
on
05/11/2015, 18:56:02 UTC
Quote from: ad2040 on November 05, 2015, 06:21:35 PM
I want to know the whole proccess by which we can earn through mining.what happens in mining?
When you mine Bitcoins, you are securing the network by confirming transaction. Such process is made by an ASIC miner (look it on ebay) and depending on your hashrate (KH/s, MH/s, GH/s, TH/s), network difficulty, and electricity costs, that will determine what you will earn. For more info, i'd suggest you look into these sites:
http://www.pcadvisor.co.uk/how-to/internet/how-mine-bitcoins-generate-money-bitcoin-mining-3515249/
http://www.coindesk.com/information/how-bitcoin-mining-works/
Hope this helps. Somebody correct this, if I'm wrong.