What Is Bitcoin Mining?
Bitcoin mining is the process of adding new blocks of transactions to the Bitcoin blockchain.
Miners use powerful computers to solve complex mathematical problems in order to verify transactions and earn bitcoins.
The first miner to solve the problem receives a reward of bitcoins, and the block is added to the blockchain.
The blockchain is a public ledger that records all Bitcoin transactions.
Bitcoin mining is a necessary part of the Bitcoin network, as it ensures that transactions are secure and that the blockchain is accurate.
The difficulty of mining Bitcoin increases over time, as more miners join the network.