What is Bitcoin Mining: A Guide to How Bitcoin is Mined
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Opal
2023-05-28 20:00
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Yvette
Bitcoin mining refers to the process of verifying and adding new transactions to the Bitcoin blockchain by solving complex mathematical equations using specialized computer hardware. Miners compete with each other to solve the equations and are rewarded with newly created bitcoins and transaction fees for their efforts. The process requires a significant amount of computational power and electricity, which can ultimately lead to a profit for those who successfully mine Bitcoin.
Release time 2023 05 28