can someone tell me about bitcoin mining i dont understand

Plz help i dont understand anything about bitcoin mining

Just forget about it if you want to start now. And it's a way to get bitcoins by using computer processing power

29-05-2018, 10:33 PM

Culus Wrote: Just forget about it if you want to start now. And it's a way to get bitcoins by using computer processing power

Well, keep in mind that people thought the same thing and dropped out of bitcoin mining when they were "only" receiving 50 bitcoins a day from mining.

While possibly not worthwhile at current rates, it can definitely still be worthwhile if one holds onto their mined coins and anticipates the value of bitcoin increasing in the future.

29-05-2018, 03:09 PM

tonythenoob Wrote: Plz help i dont understand anything about bitcoin mining

which part you dont understand?

You mine bitcoins by using processor power, Its not really worth trying to get tons of bitcoin just by mining

02-06-2018, 04:22 AM

SkilledTroll Wrote: You mine bitcoins by using processor power, Its not really worth trying to get tons of bitcoin just by mining

You can't mine bitcoin with normal computers... you need an ASIC miner.

You can't mine bitcoin with normal computers... you need an ASIC miner.

As far as I understand, you rent ur GPU's power to someone and he pays you for it. Maybe i'm wrong idk.

Plz help i dont understand anything about bitcoin mining

You actually should mine alt coins like zcash and sell for bitcoin

You get paid for your computer to do calcluations. U should mine altcoins instead tho