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How Does Bitcoin Mining Work?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.

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Created Date: 2021-06-19

𝑼𝒏𝒊𝒅𝒂𝒅 𝑵𝒂𝒄𝒊𝒐𝒏𝒂𝒍 𝑬𝒔𝒑𝒂ñ𝒐𝒍𝒂 𝑼𝑵𝑬

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