Answers (1)

Arsalan Afzal
Feb 15, 2022 12:25:38Answer: Bitcoin mining is a process in which transactions are verified and added to the public ledger, known as the block chain, and also rewarded with newly created bitcoins. This is how it works: Every 10 minutes or so, a new batch of bitcoins is released into the world by "bitcoin miners". Bitcoin miners are people who operate computers according to a set of rules that dictate how new bitcoins can be created. In order to create a bitcoin, a miner has to complete a cryptographic puzzle. This puzzle is essentially just a really hard math problem. The first miner to solve this puzzle and add the resulting block of transactions to the blockchain is rewarded with brand-new bitcoins.
Top AnswerAnswer
Hot Questions
Earn Diamonds from claiming your daily reward and reading our latest articles.
This website stores cookies on your computer. To find out more about the cookies we use, see our Privacy Policy