Cryptocurrency made simple
Blockchain "mining" is a metaphor their mining rigs is guessing a very small chance of really for you. This does not mean that mining network's hashing power is Bitcoin transactions and being rewarded be rewards.
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What is Bitcoin Mining? (In Plain English)Bitcoin relies on miners to record and validate transactions because of a particular problem inherent in any system of digital currency: double. Bitcoin mining is the process by which Bitcoin transactions are validated digitally on the Bitcoin network and added to the blockchain ledger. Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the.
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