Home Mining Page 3


What is Bitcoin mining?
Bitcoin, Bitcoin Cash and other cryptocurrencies are created by mining. It is a computation of a complicated mathematical problem for which a successful miner receives a share of coins.

The mining company groups selected unconfirmed payment transactions (Bitcoin transfers from account to account entered by network users) into the so-called block. The transaction is selected by the particular miner(s) at its discretion, the basic criterion for including or not including a transaction in a block is the fee that users offered when entering the transaction. Charged transactions will, therefore, be confirmed sooner.
The block must contain at least 1 transaction.
The solution to the mathematical task is to find a certain value depending on hashing functions, grouped transactions, and the current so-called limit. Because of the hash function, finding the right solution is random, so it generally depends primarily on the performance of the machines looking for the solution, not on the skills of the miner. A limit is a number set at any moment so that the solution of the currently solved blocks can be found on the whole network on average once every 10 minutes, so finding the solution is more difficult the more efficient the whole network is.

The price of Bitcoin vs Miners

The price of Bitcoin vs Miners

Bitcoin miners began shutting down machines and selling coins During the last week, the price of bitcoin has been...
Huobi cryptocurrency exchange

Huobi cryptocurrency exchange

Huobi increased revenues from cryptocurrency mining by 547% for 2019 Most of us know Huobi primarily as one of...
Coronavirus and cryptocurrency mining

Coronavirus Cryptocurrency Mining

The coronavirus is still affecting the cryptocurrency mining. In the current two weeks, the modernization of the cryptocurrency mining equipment for the...
the coronavirus is affecting the future of bitcoin and the cryptocurrency market

Future of Bitcoin – Bottom of the price

Cryptocurrencies looked at their bottom The current situation around coronavirus is affecting the global economy. Consequently, the cryptocurrency market...
Profitable Bitcoin mining in China during pandemic?

Profitable Bitcoin mining in China? Effect of Coronavirus

Is Bitcoin mining still profitable after coronavirus? This is the question that many are asking themselves right now, especially the profitable Bitcoin...
Bitmain co-founder continues to fight for control

Bitmain co-founder continues to fight for control

The ousted Bitmain co-founder, Micree Ketuan Zhan, has filed a new lawsuit. Now, he is attempting to regain the position of CEO...
Cryptocurrency trading and cryptocurrency mining - passive income

Cryptocurrency trading and cryptocurrency mining – passive income

How passive income from cryptocurrencies and crypto dividends works Cryptocurrency trading is now prevalent. The principle is simple: buy...
bitcoin mining

Bitcoin mining will work with wind power

Bitcoin could start to be mined with wind power. We will detail the plan that Layer1 has in mind.
Bitcoin mining profits - $ 50,000 BTC per day in Power Plant

Bitcoin mining profits – $50,000 BTC per day

The New York Power Plant will produce $50,000 BTC per day Today we will focus again on one of...
Zcash cryptocurrency is not dead!

Zcash cryptocurrency is not dead!

About Zcash cryptocurrency Zcash cryptocurrency uses a unique cryptographic protocol that protects the sender, recipient, as well as the...