what is bitcoin mining

[tajer ramzi]

I see a lot of ads on my newsfeed regarding investing in bitcoin mining. I dont have any clue how to make money using bitcoin mining. is legal and is it worth in bitcoin mining? please share your experiences

 

[Dileepa]

it is legal however check with your county law, if start now you have spent very large amount... so it is better invest than start mining.... google it you can find out about what is mining ..

 

[Vinicius]

Bitcoin mining worths a lot and its awesome!!!

 

[Nephin]

There is a comprehensive explanation here: https://en.bitcoin.it/wiki/Mining

 

[Aless]

I have mined altcoins last year, bitcoin mining is not profitable anymore.

 

[Ant]

You need lots of computing power running 24hrs/day continously.
Power bills are high and need cooling due to the heat generated.

 

[Juan569]

Mining bitcoins is no longer profitable, since their algorithms are much more complex, and the cost of electricity and hardware is high, which does not compensate for net mining profits. It is possible with other cryptocurrencies but with bitcoin it is a dream.

 

[Lance Tan]

What are the minimum units to be profitable in bitcoin mining?