What is Mining?

Posts: 22147 · #256 - February 24, 2026, 12:48:00 AM

Quote from: eaforex5 on February 23, 2026, 11:29:12 PM

The large amount of competition among miners causes income to decrease.

As more miners participate, competition increases. This is reflected in the increasing hash rate and network difficulty, reducing each miner's chances of earning a reward.

Posts: 1433 · #257 - February 24, 2026, 12:56:07 AM

As the price of Bitcoin continues to soar, the number of miners will naturally increase.

Posts: 22147 · #258 - February 24, 2026, 04:28:11 AM

Quote from: eaforex5 on February 24, 2026, 12:56:07 AM

As the price of Bitcoin continues to soar, the number of miners will naturally increase.

When Bitcoin's price rises sharply, mining becomes more profitable. This naturally attracts more new miners, both individuals and companies, as the potential returns appear greater than the operational costs.

Posts: 1433 · #259 - February 24, 2026, 09:26:19 AM

Of course, this is what the miners have been waiting for

Posts: 22147 · #260 - February 24, 2026, 10:30:25 PM

Quote from: eaforex5 on February 24, 2026, 09:26:19 AM

Of course, this is what the miners have been waiting for

The miners have long been anticipating this development. During the previous period, they faced various challenges and uncertainties, so this news is a breath of fresh air for the continuation of their activities.

#261 - **Today** at 02:33:53 AM

Posts: 22147 · #261 - February 27, 2026, 10:20:07 PM

Quote from: Jatsun on November 15, 2020, 06:42:53 AM

There are still many cryptocurrency mining businesses, because the results of mining are still good and as passive income.
Mining must be good at finding cryptocurrencies that have high prices and fast mining results, so mining can generate large profits.

As long as coin prices remain relatively high and electricity costs are manageable, mining can remain profitable. Many large companies even operate industrial-scale mining farms with highly scalable power management, cooling, and equipment efficiency.

Posts: 22147 · #262 - March 05, 2026, 09:55:24 PM

Quote from: Muta1000 on June 08, 2019, 01:31:03 PM

mining in my opinion is one way to get bitcoin either free or can be paid. the term mining for bitcoin fans is already very popular, even before becoming a way to get bitcoin.

Although miners receive Bitcoin as a reward for the network verification process, mining still incurs operational costs. These include the cost of hardware such as GPU or ASIC miners, significant electricity consumption, and equipment maintenance. Therefore, mining is more accurately considered an activity that requires investment and resources to generate Bitcoin.

Posts: 22147 · #263 - March 09, 2026, 09:31:38 PM

Quote from: semangat on October 16, 2019, 01:45:20 PM

in a certain period of time, it might be different from mining gold in the form of a real warehouse, in my opinion it's better to mine gold.

The choice between mining gold or participating in the crypto market largely depends on each individual's goals and preferences. If someone prefers a physical asset with a long history as a store of value, gold may feel safer.