ELI5 Bitcoin Mining – Explain Bitcoin Mining Like I’m Five

ELI5: What is EDA, and what is the difference between Bitcoin's mining currently?

submitted by thepaip to btc [link] [comments]

ELI5: When people describe a "breakeven" price of mining... this is nonsensical, right? The difficulty will simply just adjust to make it economical to mine again. What am I missing here. /r/Bitcoin

ELI5: When people describe a submitted by SimilarAdvantage to BitcoinAll [link] [comments]

ELI5: What is bitcoin mining

And how do I do it
submitted by Masked__ to pcmasterrace [link] [comments]

Bitcoin mentioned around Reddit: ELI5: What exactly is Bitcoin mining? /r/explainlikeimfive

Bitcoin mentioned around Reddit: ELI5: What exactly is Bitcoin mining? /explainlikeimfive submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What is Bitcoin mining? /r/BitcoinMining

ELI5: What is Bitcoin mining? /BitcoinMining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What are cryptocurrencies, what are the differences between cryptocurrencies (Bitcoin, Dogecoin, etc.), and what is the purpose of "mining" for those currencies?

submitted by 9bitz to explainlikeimfive [link] [comments]

ELI5: What is EDA, and what is the difference between Bitcoin's mining currently? /r/btc

ELI5: What is EDA, and what is the difference between Bitcoin's mining currently? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What is my computer doing when I am mining for bitcoins/dogecoins

Started mining dogecoins and I did a little bit of mining of bitcoins in the past. Always have wondered what my computer is actually doing when its mining, but everything I find is super technical and I cant understand it :/
submitted by KarmannGhiaGirl to explainlikeimfive [link] [comments]

ELI5: if bitcoin miners are incentivized to mine because they are compensated in bitcoin, and if the supply of bitcoin is finite, what is the incentive for miners to keep the network up once bitcoin has been fully issued and there is no incremental bitcoin available to offer to miners?

submitted by BrentBondsCock to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: So what/where is the safest place to buy/rent/produce bitcoin made from mining machines in China? please ELI5 or 3 /r/China

Bitcoin mentioned around Reddit: So what/where is the safest place to buy/rent/produce bitcoin made from mining machines in China? please ELI5 or 3 /China submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What is most likely timeline for Bitcoin to scale? Based on current signalling and latest 1000 mined blocks.

https://coin.dance/blocks
Explicit Mining Pool Support by Proposal:
Thanks
submitted by HowRealityWorks to btc [link] [comments]

ELI5 - Have any Bitcoin hardware manufacturers been suspected of mining with customer equipment and if so what is the factual basis of the suspicion?

submitted by Lorix_In_Oz to Bitcoin [link] [comments]

ELI5: To what degree does performing the SHA256 algorithm for bitcoin mining rely on prime factoring, and is there (or could there) be a reference table for these factors?

submitted by uranusaur to Bitcoin [link] [comments]

ELI5: What is Bitcoin mining and why isn't it profitable?

Overly asked question on ELI5, of course, but I can't understand why it isn't profitable. Wouldn't everybody be mining if it were?
submitted by lynchilla to explainlikeimfive [link] [comments]

Bitcoin mentioned around Reddit: ELI5: What is Bitcoin mining? /r/explainlikeimfive

Bitcoin mentioned around Reddit: ELI5: What is Bitcoin mining? /explainlikeimfive submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What is bitcoin mining?

I just heard about bitcoin mining a few weeks ago, and since then, I still don't understand the concept. Can anyone help me on this?
submitted by BerserkD91 to pcmasterrace [link] [comments]

ELI5: What is a bitcoin block and how does mining generate bitcoins?

I find the whole idea of bitcoins nonsensical. As far as I understand you use your computing power and your machine solves algorithms and if you hit a block ta da you get 50 bitcoins. (You do this in a group) What kind of algorithms does your computer solve? Can't you actually write code to optimize it and make it run faster? What is a block? And why does letting your computer on all the time mining bitcoins generate money? Isn't this different than the world in which we live in where money is exchange of labor or value. Enlighten me redditors.
submitted by koxar to explainlikeimfive [link] [comments]

ELI5: What is BitCoin and how do I start mining for them? /r/Bitcoin

ELI5: What is BitCoin and how do I start mining for them? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What is cloud bitcoin mining?

To me it doesn't make any sense. Wouldn't it be more profitable for a company offering cloud mining to just mine it for themselves?
submitted by chibicitiberiu to explainlikeimfive [link] [comments]

Bitcoin mentioned around Reddit: ELI5: What is bitcoin /bitcoin mining? What is it good for? How does it work? Is it legal? Why does it damage computer parts? /r/explainlikeimfive

Bitcoin mentioned around Reddit: ELI5: What is bitcoin /bitcoin mining? What is it good for? How does it work? Is it legal? Why does it damage computer parts? /explainlikeimfive submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What is bitcoin mining?

I have an understanding of bitcoins themselves but don't understand how they can be "mined". What exactly is happening?
submitted by batmanEXPLOSION to explainlikeimfive [link] [comments]

ELI5:What is Bitcoin Mining?

submitted by CarlHaglin to explainlikeimfive [link] [comments]

What Is Bitcoin? What is Bitcoin? (v1) - YouTube know everything about crypto mining in 5 mins - ELI5 about blockchain mining What is Bitcoin? Explained In 5 Minutes (2016 HD) - YouTube WTF is Bitcoin? How Does Bitcoin Work? The Best Explanation

ELI5 Bitcoin Mining. Mining Bitcoin is basically computers with the Bitcoin protocol downloaded, all processing the mathematical puzzle the Bitcoin algorithm asks of them. With the processing power, mining increases the security of Bitcoin’s network and fights fraud by calculating every transaction that is proposed by any user. A person who contributes their processing power (a miner) to the ... Mining increases the bitcoin network's security and fights fraud by calculating what's effectively a checksum for transactions. By contributing their computing power to the bitcoin network for mining, individuals are rewarded with newly minted bitcoins by the community. This also provides a way to distribute new bitcoins in a fair manner. What Is Bitcoin Mining Eli5. Reite auf der Bitcoin Welle und verdiene indem Du dem Bitcoins Code beitrittst. Mitglieder des Bitcoin Code genieen das Reisen um die ganze Welt whrend sie mit. Handeln Sie CFDs auf Bitcoin. CFD Service, Ihr Kapital ist in Gefahr. Hier ist Ihre z Zweite Chance. Fang Jetzt An. The top comment current explains mining pretty well, but doesnt really explain the merits ... I have heard a ton about this from a friend, but I don't quite understand it. Could someone give me a basic explanation of how the Bitcoin are generated. I would love to invest in them, but I want to understand it better. Thanks friends! Probably the best Bitcoin ELI5 out there. Wow, that's pretty awesome actually. xD Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links. We Use Coins - Learn all about crypto-currency. Bitcoin News - Where the Bitcoin community gets news.

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What Is Bitcoin?

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