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Technology & Internet

What is Bitcoin mining?

amajack
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What is Bitcoin mining?
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  • purplepoppy
    purplepoppy Follow
    Master Age: 26 , mho 55%
    1 y

    I've no idea. I know it's about using factory sizes computers to do calculations to find numbers but I've no idea why we need to find theses numbers in the first place.

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  • dudeinohio
    dudeinohio Follow
    Master Age: 61
    1 y
    385 opinions shared on Technology & Internet topic.

    Bitcoin is the result of a complex mathematical formula.

    Computers are used to calculate these formulas, hoping to find an undiscovered bitcoin number.

    With so few remaining, extremely powerful Computers are required.

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  • andreasderjuengere
    andreasderjuengere Follow
    Master Age: 62
    1 y
    568 opinions shared on Technology & Internet topic.

    It's kind of an online game:

    thrilling to those who participate - and meaningless for having a real life.

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  • jshm2
    jshm2 Follow
    Master Age: 48
    1 y
    2K opinions shared on Technology & Internet topic.

    Using a "mining rig" to run numbers, to acquire a crypto like bitcoin.

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