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What is Mining? in General Cryptocurrency Discussion_69b951512fdcd

What is Mining?

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joshgandosh

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Mine is a process to get a coin, and every type of coin has its own way to mine, for example Bitcoin that requires VGA
#241 - August 30, 2021, 11:27:41 AM

Trader Hijrah

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In my opinion, Mining is a real activity that someone does to get a coin, and can be various ways to do it, with a computer, with hardware and with the program
#242 - February 09, 2022, 12:10:42 AM

Ikhtiar

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What I do know is that, as networks expand and difficulty increases, mining now requires significant capital, both in terms of hardware, electricity, and risk management. Therefore, for some, mining is better viewed as a network infrastructure business, not just a quick way to make a profit.
#243 - February 10, 2026, 09:42:45 PM

eaforex5

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Bitcoin mining requires reserve funds for daily living expenses, because it is possible that the amount of Bitcoin obtained is always the same every day but the price of Bitcoin always changes, so you have to wait for the price of Bitcoin to be more expensive to sell.
#244 - February 11, 2026, 01:20:04 AM
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Ikhtiar

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Quote from: eaforex5 on February 11, 2026, 01:20:04 AM
Bitcoin mining requires reserve funds for daily living expenses, because it is possible that the amount of Bitcoin obtained is always the same every day but the price of Bitcoin always changes, so you have to wait for the price of Bitcoin to be more expensive to sell.
Mining isn't just about machine technology and hash rate, but also about financial management and patience in the face of price volatility. Without a contingency plan, mining can become a financial stress, not an investment opportunity.
#245 - February 11, 2026, 02:03:37 AM

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What is Mining? in General Cryptocurrency Discussion_6803a6c52eb12
#246 - Today at 04:08:55 AM

Ikhtiar

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Quote from: Sant1 on March 08, 2019, 12:09:24 PM
not fortunately instead of losing if mining bitcoin now. the price is not worth the cost.
if for trading I prefer crypto the other altcoins than bitcoins because the percentage of profits is higher.
It's true that Bitcoin mining is no longer as profitable as it once was. The extremely high cost of mining equipment, coupled with high electricity consumption, often means that mining results don't justify the operating costs.
#246 - February 12, 2026, 02:44:38 AM

Ikhtiar

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Quote from: Primadona on May 19, 2019, 10:16:59 PM
it seems that now there are rarely promotions about Minning, if in the past there were even many webs that offered free cloud minning :-\
Mining costs are increasing as network difficulty and the need for more powerful hardware increase. This means that the free mining model is no longer economically viable. Legitimate mining companies cannot offer free results due to the enormous costs of electricity, maintenance, and equipment.
#247 - February 13, 2026, 11:51:36 PM

Ikhtiar

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Quote from: AsuFx on May 17, 2019, 05:51:07 AM
have you counted sir? Even though the price of bitcoin has gone up, the operational costs for mining have been different compared to the backward years.
Global conditions such as rising electricity prices in several countries, increasingly stringent regulations, taxes, and mining bans in some regions have shifted the mining landscape. Now, only miners with access to cheap electricity or substantial infrastructure can truly compete.
#248 - February 14, 2026, 10:51:20 AM

eaforex5

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Crypto mining seems very convenient, doesn't it? You only need one computer and a strong network, but it turns out that high electricity costs also require large expenditures. High costs for large results.
#249 - February 14, 2026, 12:10:32 PM

Ikhtiar

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Quote from: eaforex5 on February 14, 2026, 12:10:32 PM
Crypto mining seems very convenient, doesn't it? You only need one computer and a strong network, but it turns out that high electricity costs also require large expenditures. High costs for large results.
I think electricity costs are a major factor because mining is essentially a 24/7 computing competition. Machines run continuously, generating high heat, and requiring additional cooling systems. In countries with high electricity rates, profit margins can be very thin, even negative.
#250 - February 15, 2026, 02:47:38 AM

eaforex5

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If the price of the mined coins continues to fall, the profits received by miners will decrease. Careful consideration is needed if you want to persist.
#251 - February 15, 2026, 04:23:18 AM

Ikhtiar

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Quote from: eaforex5 on February 15, 2026, 04:23:18 AM
If the price of the mined coins continues to fall, the profits received by miners will decrease. Careful consideration is needed if you want to persist.
When many miners remain or even increase, mining difficulty can remain high even as prices fall. This means competition remains fierce, and the reward per unit of hash power becomes smaller.
#252 - February 18, 2026, 09:53:45 AM

eaforex5

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do you mean, the more miners there are, the smaller the number of coins they will get?
#253 - February 19, 2026, 08:13:08 PM

Ikhtiar

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Quote from: eaforex5 on February 19, 2026, 08:13:08 PM
do you mean, the more miners there are, the smaller the number of coins they will get?
As I understand it, the number of miners doesn't change the total network reward. What does change is the portion each miner receives. If you're mining alone with the same hardware, the more other miners join, the less likely you are to find the next block.
#254 - February 23, 2026, 10:27:19 PM

eaforex5

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The large amount of competition among miners causes income to decrease.
#255 - February 23, 2026, 11:29:12 PM
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