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-   CryptoCurrency (https://www.aspkin.com/forums/cryptocurrency/)
-   -   How Bitcoin Mining Works (https://www.aspkin.com/forums/cryptocurrency/118306-how-bitcoin-mining-works.html)

Emma1890 06-25-2018 01:19 PM
How Bitcoin Mining Works
 
Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second.

phaz0rz 06-25-2018 01:43 PM
Re: How Bitcoin Mining Works
 
This is correct.

rsot 06-26-2018 10:01 PM
Re: How Bitcoin Mining Works
 
OP has been MU'ed...odd.

slokor 06-26-2018 10:36 PM
Re: How Bitcoin Mining Works
 
Not really. There was a lot of signs pointing to this OP and another being the same person and spamming dozens of crypto related posts.
Good call banning them both.

michaeltuttle123 07-06-2018 12:13 PM
Re: How Bitcoin Mining Works
 
Yes, you are telling right.

rsot 07-15-2018 01:27 AM
Re: How Bitcoin Mining Works
 
Quote:
Originally Posted by michaeltuttle123 (Post 929412)
Yes, you are telling right.
This user is MU'ed as well - heard some stories of some selling of accounts by this user....

nate 07-15-2018 08:36 AM
Re: How Bitcoin Mining Works
 
Bitcoin Mining works like this..

If you were to design a miner, or program a FPGA to design a ASIC for the SHA 256 algo (bitcoin), this is what you want it to do as fast and as efficiently as possible...


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