Cryptocurrency Q&A
How can I mine bitcoin with Bitcoin Core?
How can I mine bitcoin with Bitcoin Core?
Giulia
Sat Jul 13 2024
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7 answers
1865
As a cryptocurrency enthusiast, I'm curious about the technicalities of mining Bitcoin. Could you elaborate on how I can mine Bitcoin using Bitcoin Core? I understand that Bitcoin Core is primarily a software that enables users to run a full Bitcoin node, but I've heard that it can also be used for mining. Could you walk me through the steps involved? Do I need to have specialized hardware? What kind of computing power do I require? Also, are there any risks associated with mining using Bitcoin Core? Your insights would be invaluable.
7 answers
Maria
Mon Jul 15 2024
The mining functionality in Bitcoin wallets has undergone significant changes over time.
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CryptoPioneer
Mon Jul 15 2024
Initially, mining Bitcoin using wallet software was a feasible option.
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MountFujiView
Mon Jul 15 2024
However, as the network's hashing power increased, the difficulty of mining Bitcoin rose exponentially.
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SamsungShiningStar
Mon Jul 15 2024
This led to the removal of mining functionality from wallet software in version 0.13.0.
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CryptoPioneer
Sun Jul 14 2024
The decision was made due to the hopelessly inefficient nature of mining with wallet software.
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