What is Bitcoin Mining?
Put simply: Bitcoin mining refers to a process in which new bitcoin is generated by solving a complex math puzzle. All recent transactions are compiled into blocks and miners can solve the latest block that has a data of complex puzzle by using a special software, program and computer resources. Any enthusiast entrant can solve the math puzzle but whosoever solves it first can place the next block onto a public ledger, otherwise known as the blockchain and is entitled to a reward. Bitcoins are rewarded to those miners who have validated the latest mathematical …
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