What is Mining Bitcoin, and is it worth getting into.

[PrecisionGold]

What is mining for crypto currency? How does it work? I know nothing about this and would really like any information that can be given to me! Thanks everybody!

 

[dob]

Your phone, computer, any devices connected to the internet can be used for mining. There are just specific tech that does it. I heard its easy to settup but costly. It's also really loud and you probably wouldn't be able to sleep.

 

[PrecisionGold]

Your phone, computer, any devices connected to the internet can be used for mining. There are just specific tech that does it. I heard its easy to settup but costly. It's also really loud and you probably wouldn't be able to sleep.

I dont even understand what it is really though you earn free btc or?

 

[Silverline]

I dont even understand what it is really though you earn free btc or?

You intensively use your devices in order to generate a reward in almost any crypto, although the costs of electricity and your hardware degrading is usually higher than the reward (depending on what you pay for electricity)

 

[PrecisionGold]

You intensively use your devices in order to generate a reward in almost any crypto, although the costs of electricity and your hardware degrading is usually higher than the reward (depending on what you pay for electricity)

If I were to mine on a shitty laptop, and phone 24/7 one do you think my daily income from mining would be approx.

 

[Silverline]

If I were to mine on a shitty laptop, and phone 24/7 one do you think my daily income from mining would be approx.

Like 30 cents lol honestly its not worth it unless you buy decent mining hardware and live in a country where electricity is cheap

 

[PrecisionGold]

Like 30 cents lol honestly its not worth it unless you buy decent mining hardware and live in a country where electricity is cheap

Meh, Thanks for the help!