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Question

What bitcoin mining means?


Answers (1)

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Arsalan Afzal
Feb 24, 2022 06:45:52

Mining for bitcoins means spending computing power to solve complex mathematical problems in order to verify and record bitcoin transactions on the blockchain. miners are rewarded with bitcoins for their efforts. The mining process is essential to keep the blockchain secure and honest. Without miners, the network would be vulnerable to Sybil attacks, where someone could create a large number of fake accounts and control the majority of the network's computing power.

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