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Who can be a miner?

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Who can be a miner? in General Cryptocurrency Discussion_xx
right, minning tools are very expensive in my opinion so it is difficult for someone who does not have the capital to do manual mining.
there are still many other alternatives to benefit from crypto coins other than minning and trading.
#31 - May 18, 2019, 11:43:07 AM

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Who can be a miner? in General Cryptocurrency Discussion_xx
everyone can be a miner
#32 - May 19, 2019, 02:03:37 AM

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Who can be a miner? in General Cryptocurrency Discussion_xx
there are still many other alternatives to benefit from crypto coins other than minning and trading.
right, seeking profit from crypto is not limited to minning.
#33 - May 19, 2019, 08:00:13 AM

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Who can be a miner? in General Cryptocurrency Discussion_xx
right, seeking profit from crypto is not limited to minning.
there are many advantages from the others, trading, investing, and there are also aidrop bonuses and there are also ICO programs.
#34 - May 19, 2019, 08:13:37 AM

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even though everyone can minning but not everyone will produce the same potential.
#35 - May 19, 2019, 08:24:51 AM

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These tools and resources require a fee, and for miners not everyone can do it, it also requires skills to run the server, such as PC usage and antiminer settings that definitely need knowledge.
right, after all, if you continue to earn a coin, it can also be used up.
#36 - May 19, 2019, 04:08:51 PM

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Who can be a miner? in General Cryptocurrency Discussion_xx
In principle, anyone can become a miner. Because decentralized networks do not have the authority to regulate who can become miners, that's why a cryptocurrency requires some kind of mechanism to prevent one particular party from monopolizing mining. Imagine if someone controlled millions of peers and spread fake transactions. The system will be damaged immediately.
So, Satoshi made a rule that miners must invest their computers in order to do mining. And they have to find hashes (products from cryptographic functions) that connect new blocks to existing blocks. This is called Proof-of-Work. In bitcoin the system is based on the SHA256 Hash Algorithm.
okay thanks for the information. basically all people can become miners
#37 - May 21, 2019, 09:16:27 PM

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Who can be a miner? in General Cryptocurrency Discussion_xx
even though everyone can minning but not everyone will produce the same potential.
in my opinion everyone is not the same because not everyone has a minning tool or sufficient capital for minning.
#38 - May 22, 2019, 02:55:52 AM

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yes everybody can mine but nowadays persona n is hard to mining because the algorithm more hard to finish and they payout is not good like before. now, only some big company is mining bitcoin because if you do it personal and with 1 computer, well how long you want to mine until your VGA broken
Miner is difficult not arbitrarily people can do it, a lot of difficulties in it.
#39 - May 22, 2019, 02:02:26 PM

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I think anyone can mining as long as they have sufficient resources to do mining.
#40 - May 22, 2019, 03:33:44 PM

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Who can be a miner? in General Cryptocurrency Discussion_xx
everyone can become a miner even though they don't have capital, that is with cloud minning.
#41 - May 22, 2019, 05:38:22 PM

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Who can be a miner? in General Cryptocurrency Discussion_xx
In principle, anyone can become a miner. Because decentralized networks do not have the authority to regulate who can become miners, that's why a cryptocurrency requires some kind of mechanism to prevent one particular party from monopolizing mining. Imagine if someone controlled millions of peers and spread fake transactions. The system will be damaged immediately.
So, Satoshi made a rule that miners must invest their computers in order to do mining. And they have to find hashes (products from cryptographic functions) that connect new blocks to existing blocks. This is called Proof-of-Work. In bitcoin the system is based on the SHA256 Hash Algorithm.
everyone can be a bitcoin miner
#42 - May 22, 2019, 10:20:03 PM

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Who can be a miner? in General Cryptocurrency Discussion_xx
anyone can mine coins as long as there is power and capacity, if minning coin is a mineral tool and also electricity.
#43 - May 23, 2019, 01:51:17 AM

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anyone can become a miner, only knowledge is number 1
#44 - May 23, 2019, 02:33:25 AM

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Who can be a miner? in General Cryptocurrency Discussion_xx
anyone can mine as long as they have the tools and have a fee to pay the minning workers.
#45 - May 23, 2019, 07:45:23 AM

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