Mining. Is it still relevant or not? - page 3

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Renat Akhtyamov:
Mining is when you just bought them?

No...... :-) Mining is when you generate them by expending computing power....

 
Mihail Marchukajtes:

No...... :-) Extraction is when you generate them by expending computing power....

And what, you get money or something?

I don't get it - who needs it?

 
Renat Akhtyamov:

So what, you get money?

It is not clear - who needs it?


Probably to those who need the money. Having generated the bits, you can then sell them either at your set price or on the exchange ....

 
Renat Akhtyamov:

And what, you get money or something?

I don't get it - who needs it?

Google blockchain... before money was tied to gold and now it's tied to the number of your video cards
 

I'll have to Google it. It seems like a cool topic.

Having googled it, the conclusion I found is this:

"However, most experts are inclined to believe that blockchain has a great future. Whether that is true or not, time will tell. It is to be hoped that it will not suffer the fate of the bitcoin cryptocurrency, which was recently abandoned."

 
Renat Akhtyamov:
I'll have to Google it. Seems to be a fun topic.

Was, about five years ago :-)

 
Renat Akhtyamov:

It is not clear, who needs it?

Who has a lot of computing resources and free electricity.
Renat Akhtyamov:

So what, you get money or something?

You get cryptocurrency.

Currency(fromItalianvaluta) in the broad sense of the word is any commodity capable of performing the function of money in the exchange of goods in the domestic or international market[1].

 
Evgeny Belyaev:
Who has plenty of computing resources and free electricity.

The result is cryptocurrency.

Currency(fromItalianvaluta) is broadly defined as any commodity capable of performing the function of money in the exchange of goods in the domestic or international market[1].

Today, not everyone has the ability to make transactions over the internet.

I think the topic of cryptocurrency started early.

 
Renat Akhtyamov:
At the moment, not everyone has the ability to make transactions over the internet.

I think the cryptocurrency topic is started early.


When everyone arrives, can we do it then?

 
Evgeny Belyaev:

When everyone arrives, will it be possible then?

I don't think private citizens will participate in the generation of state-legalised cryptocurrency.
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