One analogy commonly used by people is mining Bitcoin like mining gold. Like precious metals, the number of bitcoins is also limited (there are only 21 million bitcoins) and the more bitcoins are mining, the more difficult bitcoin is to be mining and need more sophisticated tools. The important thing to know is that mining does not mean they make bitcoin for their profits. But through fees, a number of BTCs are given to miners as prizes because they have validated a transaction. Then how do they do it?Mining Bitcoin requires computers and special programs. Miner will use this program and also a lot of computer resources to compete with other miners, in solving complex mathematical problems. Every time about 10 minutes, the server will try to complete the block with the latest transaction data, using the cryptographic hash function.
mining can use software or mining tools and usually the higher the spec of a device, the more coins will be generated.
Mining tools called antiminee function to break blocks and store them. from there we can collect bitcoin from mining.
mining can be done from anywhere at any time even 24 hours nonstop, that's the advantage of crypto currency.
yes it's true that mine is btc like that. we will need equipment costs and maintenance fees too. it would be better if you calculate all of these costs before you start mining.
0 Members and 2 Guests are viewing this topic.
