Would you like to go mining?

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KatrinaTau
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Would you like to go mining?

Post by KatrinaTau »

Hello, everyone!
Recently, due to the growing popularity and distribution of various cryptocurrencies, especially bitcoin, a related term called "mining" has been used more and more often. What can you say about the current method of investing?

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JhonSnoy
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Joined: Tue Apr 12, 2022 9:49 pm

Re: Would you like to go mining?

Post by JhonSnoy »

Hi!
The idea of mining came to me when digital currencies were just beginning to develop. By then I already had a small but profitable business. Mining the most popular cryptocurrency - bitcoin - is already impossible without special expensive equipment. In the beginning and middle of the noughties, even a home computer with a powerful video card was suitable for this purpose, but now industrial computing power is required.

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KateNickolson
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Location: Warsaw

Re: Would you like to go mining?

Post by KateNickolson »

The essence of mining is that computers located in many different places around the world perform calculations and thus generate new blocks of blockchain. This system has been compared to a big book containing all the records of what happens to a cryptocurrency. It is the platform on which any cryptocurrency is based.

niki12345678
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Re: Would you like to go mining?

Post by niki12345678 »

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niki12345678
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Re: Would you like to go mining?

Post by niki12345678 »

In my computer hardware is known as a microprocessor. It processes instructions gathered from the code in programs and other files. A CPU has four primary functions: fetch, decode, execute, and write back.

niki12345678
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Re: Would you like to go mining?

Post by niki12345678 »

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niki12345678
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Re: Would you like to go mining?

Post by niki12345678 »

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niki12345678
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Re: Would you like to go mining?

Post by niki12345678 »

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niki12345678
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Re: Would you like to go mining?

Post by niki12345678 »

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niki12345678
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Re: Would you like to go mining?

Post by niki12345678 »

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