Bitcoin mining in Social life - good or bad

General discussion about the Bitcoin

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Rachael
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Wed Aug 21, 2019 10:33 am

Bitcoin mining good news is that it was not very likely the bug would ever have been exploited in the first place.
This is because the attack could only have been exploited by a miner intentionally creating an “attack” block — not by a miner doing so by accident and also not by a regular user.
I think that..
Rachael
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Wed Aug 21, 2019 10:40 am

The one ugly thing is..
The severity of a bug like this can be tricky to deal with on an open, decentralized, continuously operating network, supported by open-source software.
I think.
Alberto
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Wed Aug 21, 2019 1:04 pm

In a word,Bitcoin mining is good in social life.
The word “bitcoin” is as likely to garner feverish excitement as it is glaring criticism.
Bitcoin is certainly consuming the amount of all energy and an increasing amount of power worldwide.
Thus,that is surely good.
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Vincent
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Fri Aug 23, 2019 8:29 pm

Chances are you hear the phrase “bitcoin mining” and your mind begins to wander to the Western fantasy of pickaxes, dirt, and striking it rich. As it turns out, that analogy isn’t too far off.
So bitcoin is good in social life in the future.
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Vincent
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Fri Aug 23, 2019 8:30 pm

There’s a good chance all of that only made so much sense.
In order to explain how bitcoin mining works in greater detail, let’s begin with a process that’s a little bit closer to home: the regulation of printed currency.
Antjosh
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Fri Aug 23, 2019 8:31 pm

The result of “bitcoin mining” is twofold.
First, when computers solve these complex math problems on the bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts gold from the ground.
And second, by solving computational math problems, bitcoin miners make the bitcoin payment network trustworthy and secure, by verifying its transaction information. Thus good.
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Vincent
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Fri Aug 23, 2019 8:31 pm

Interest in cryptocurrencies has surged since 2015 as bitcoin has seen its value rise from about $300 per coin to a peak of nearly $20,000 per coin in December 2017, then dropping to about $3,500 per coin as of January 2019. Other cryptocurrencies have seen similar surges and dips in value.
Antjosh
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Fri Aug 23, 2019 8:33 pm

Bitcoin mining is the process of creating, or rather discovering, bitcoin currency. Unlike real-world money that is printed when more is needed, bitcoin cannot simply be willed into existence, but has to be mined through mathematical processes.
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Martin12345
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Fri Aug 23, 2019 8:35 pm

The bulls once again supported Bitcoin without letting it drop below $9,700. At the beginning of the week, Bitcoin got a new impetus for growth due to the news ...
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Emmanuel
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Fri Aug 23, 2019 8:36 pm

In most cases, bitcoin mining is perfectly legal. In a few countries, however, bitcoin mining, as well as the possession and use of bitcoin is illegal. ...
In many cases, bitcoin is not treated as a currency by governments, but instead as an asset or property.
Bitcoin is good in social life.
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