Distortioncube

Top Miner

5 posts in this topic

I guess there are millions of young (and not only) people seeking just the same answer. I guess the biggest weapon of a good miner is knowledge. Who possesses information - possesses the whole world. I highly recommend to check this excelllent guide  https://blockchain.intellectsoft.net/blog/consensus-protocols-that-meet-different-business-demands/ on basics of blockchain technology .

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With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

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Now it is not profitable to engage in mining. The complexity of mining cryptocurrency has increased, and the exchange rate is very low. I am engaged in trading, now many Forex brokers provide this service https://topbrokers.com/. This is more profitable occupation.

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I think that mining is a really costly way of earning bitcoins. Do you think it is worth it? I would say No. For me, I found a blockchain lottery. There I can get whatever I want. Ethereum or Bitcoins, everything. So, if you are interested in crypto, you should have a look at it

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