Quote from: brainape on October 31, 2017, 10:26:47 PM

Quote from: Bluestreet on October 29, 2017, 01:38:20 AM

Quote from: sunno330 on September 08, 2017, 12:22:17 PM

Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.

Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

Bitcoin is digital cryptocurrency and can be useful for a lot people and for those who didnt have a job and setting in their houses free, they need to focus on bitcoin mining, bitcoin mining means that to earn or buy bitcoin by investing or spending money on it.

I think you didn't get what is bitcoin mining, do you? Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and the new bitcoin are released. Bitcoin mining for profit is very competitive and the volatility in the bitcoin price makes it difficult to realize monetary gains without also speculating on the price. If you have an access of cheap electricity and the ability to manage a large installation and business, you can mine for a profit.