Moonforum-banner-New-Nov

Author Topic: what is mining  (Read 238 times)

Offline mikesmat1

  • Member
  • **
  • Posts: 48
  • Karma: 1
  • Referrals: 0
what is mining
« on: October 19, 2018, 04:13:05 PM »
What does bitoin mining means?

Offline akosuananakem

  • Full Member
  • ***
  • Posts: 93
  • Karma: 1
  • Referrals: 0
Re: what is mining
« Reply #1 on: December 08, 2018, 11:49:44 PM »
Mining is simply used to validate transactions on the blockchain network. "mining" is one means of making sure that cryptocurrency transactions are accurate and true, such that they can never be compromised in the future.

Offline maicodon

  • Jr. Member
  • *
  • Posts: 19
  • Karma: 0
  • Referrals: 0
Re: what is mining
« Reply #2 on: January 10, 2019, 10:53:14 AM »
You nailed it. A crypto miner is an individual who uses specialized hardware like CPU/GPU to add transaction records to Coins public ledger of past transactions in order to distinguish legitimate transactions from attempts to re-spend coins that have already been spent elsewhere.

 

Donate to CTW Forum