Cryptocurrency and Money » Discussions


Coin Mining – Mobile Proxies

  • Leader
    Jul 20
    Mining is the process of converting new blocks in the blockchain network. After all, someone has to form blocks from transactions and add them to the blockchain, and in order for the whole structure to work, the help of huge computing systems is needed.
    A few years ago, even home computers could mine bitcoin, but after holding several holdings (the process of reducing the reward when new coins appear) created to control new coins, it became unprofitable. To make a profit, you need to form a block with the help of specialized computers. For each of them in the BTC network, you will receive 6.25 tokens, but to get that much, you need a lot of luck and time. Mining will also be relevant until 2140, because only then will the mining of all bitcoins end.
  • Jul 21
    The term mining is borrowed from the English language in the literal sense (mining) is the extraction of minerals. Therefore, a set of equipment for generating cryptocurrency blocks is often called a drilling rig. In the language of blockchain engineers, mining is the support of the cryptographic network functionality by creating blocks in the Blockchain using computer technology.
  • Jul 22
    If you have become an early adopter of a blockchain-based marketplace, rest assured that the developers will not forget about you and prepare a gift. It doesn’t even matter whether you buy something on this site, sell it or create it. NFT projects in the early stages resort to this method to attract attention.
  • Jul 22
    Cryptocurrency mining is the process of verifying the confirmation of transactions on the blockchain. During mining, new units of cryptocurrency are also created. The work of miners requires powerful computing resources, but it is she who ensures the security of the blockchain network. Honest and successful miners receive a reward for their work, which consists of created units of cryptocurrency and transaction fees.
  • Jul 22

    They explained to me why staking is a more environmentally friendly and energy efficient way to mine cryptocurrencies, and also talked about the risks that an investor who holds digital coins in a portfolio for a long time can face. The best decision to take part in a crypto project. You need to download the application from Google Play https://cryptoproxy.page.link/Zi7X and just stay online. No investment of money is required.

  • Jul 22

    Mining on a smartphone is already cool. I'll have to try it. I know how to earn bitcoins on my computer. It works with 12 machines, but a smartphone is already interesting. It takes less space than computer hardware and costs less than a computer. I have to think about it.

  • Jul 22
    Usually, when it comes to mining equipment, they mean incredibly powerful computers worth several thousand dollars. But it turns out that you can mine cryptocurrency even on a smartphone thanks to a good and accessible application.
  • Jul 22
    Mining digital coins, I really like it. Miners are engaged in checking and confirming transactions, and add them to the block. For complex calculations, special mining equipment or video cards are used. The equipment requires serious financial investments, but everyone has a smartphone. Modern gadgets are quite progressive, in fact, they are reduced analogues of computers. Crypto mining with the help of a phone attracts with its availability and no financial investments are needed.
  • Jul 22
    Margarita Hill, I completely agree with you. Everyone likes to earn money with smartphones without investing anything. Just download the app and stay online all the time. I like this type of income very much. The more powerful your phone, the better.
  • Jul 22
    Now many earn on mining, but as I understand it, not everyone can earn normal money without investing even on mining. When you mined a little, you can go to the stock exchange and try to trade cryptocurrency, but for this you need to learn, at least know the basics, and if your brain works well, you can find a loophole for making a profit, and you can start with $10.