How do you mine Bitcoin?
How do you mine Bitcoin?
To mine Bitcoin, you need to have a computer that is very powerful. This is because it needs a high end computer to solve complex mathematical problems to help in processing the transactions on the blockchain network. So, Bitcoin is a reward given to successful miners. But it is very costly to set up a bitcoin miner and the demand for electricity is also very huge.
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Stockfocus
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Re: How do you mine Bitcoin?
To add to that, I often see miners always coming together to form mining pools and to share resources to mine bitcoin.Tunde wrote: Thu Aug 14, 2025 3:24 pm To mine Bitcoin, you need to have a computer that is very powerful. This is because it needs a high end computer to solve complex mathematical problems to help in processing the transactions on the blockchain network. So, Bitcoin is a reward given to successful miners. But it is very costly to set up a bitcoin miner and the demand for electricity is also very huge.
Re: How do you mine Bitcoin?
I have seen tremendous growth in solo mining too. A lot of people now mine individually but the cost of mining equipment is quite high..Stockfocus wrote: Tue Aug 19, 2025 6:03 pmTo add to that, I often see miners always coming together to form mining pools and to share resources to mine bitcoin.Tunde wrote: Thu Aug 14, 2025 3:24 pm To mine Bitcoin, you need to have a computer that is very powerful. This is because it needs a high end computer to solve complex mathematical problems to help in processing the transactions on the blockchain network. So, Bitcoin is a reward given to successful miners. But it is very costly to set up a bitcoin miner and the demand for electricity is also very huge.