Post
Topic
Board Bitcoin Discussion
Re: bitcoin mining
by
As roma
on 27/05/2018, 18:10:45 UTC
So whats the point of the mining, I'm wondering if there is something dark your computer is used for while doing the mining, because otherwise, what is the benefit of your machine running all day long.?


Mining is a process of expending computing power to process transactions, secure networks, and keep everyone in the system synchronized together. This may be likened to Bitcoin data centers, except that it has been designed to be completely unfocused with miners operating in all countries and that no individual has control over the network. This process is called "mining" as an analogy such as gold mining, because it is a temporary mechanism used to issue new bitcoins. But unlike gold mining, Bitcoin mining provides rewards as a form of exchange for the useful services necessary to operate a secure payment network. Mining will still be needed after the last bitcoin is published.