Bitcoin Mining usually refers to verification of latest transactions in the market as well as processing of new bitcoin into the chain
Bitcoin mining is done to record current bitcoin transactions in blocks, which are then added to a blockchain
Bitcoin miners use software to solve transaction-related algorithms that check bitcoin transactions.
After the procees got over, miners are rewarded with the bitcoins per block which solves the algorithim problem
ever since its peak hike in price, marketers are estimated that about 80% of bitcoins are already mined and entire bitcoin circulation will be done by 2150
Bitcoin is not overseen or regulated by a central authority, bitcoin miners confirm and verify transactions by solving complex mathematical cryptography calculations
The current processing power needed for bitcoin mining today requires lots of energy and powerful computers for calculations
To sum upBitcoin Mining Requires1.Competitive mining computers2.Electricity3.A low-cost power supply4.Mining software5.Mining pool
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