Bitcoin mining

Cuddalore, India
October 18, 2017 12:59pm CST
I am seeing the word Bitcoin mining frequently .I don't the meaning of it .Can anyone have any idea about it. ? Let me know please ?
1 person likes this
1 response
@sabtraversa (12938)
• Italy
19 Oct 17
It means using your computer CPU or GPU power to complete some processes. The completion of these processes turns into currency. That's how you mine bitcoin. It can spoil these parts after a while, and it can be slow if your computer isn't a top performing one. In fact most miners add external parts and let them do the job. Considering the current price of BTC, I don't see bitcoin mining as something profitable (it requires investment as you need to buy the parts and supply power).
2 people like this
• Cuddalore, India
19 Oct 17
Can you please explain some more. I can't able to get clear idea from you .
1 person likes this
@sabtraversa (12938)
• Italy
19 Oct 17
@Lignitecityabishek96 Well, that is all I know. It sounds a little strange that the coins are made of activity some computer did in the past, but that is how this currency is made.
1 person likes this
• Cuddalore, India
19 Oct 17
@sabtraversa How can a coin be made with the computer activity ?I can't get your views really. Please make me to understand .
1 person likes this