Exactly what is Bitcoin Mining?

in bitcoin •  8 years ago 

I have a bit coin account but I honestly don't know what the word mining is I hear everywhere. How can I exactly earn with my Bitcoin Wallet?
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8 years ago by

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      ·  8 years ago 

    The wallet is a place where you store Bitcoin. To get Bitcoin you have to buy them, mine them or use a faucet.

    1. To mine them at home is nearly impossible today. You need certain hardware to make it profitable.
    2. You can buy Bitcoin at many different exchanges.
    3. A faucet is a site where you get Bitcoin for watching advertisement. I don't recommend doing this because I think it's a waste of time but you can get your first Satoshi (the smallest amount of bitcoin) there. But beware of scams.

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        ·  8 years ago 

      And to answer the question what mining is I recommend this article on Coindesk: http://www.coindesk.com/information/how-bitcoin-mining-works/

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          ·  8 years ago 

        Watch out! Posting more than 4 content posts a day can result in a lower payout. Guide to the posting structure can be found here.

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