GDG Addis: Discussion GroupGoogle Developer Group is a community of developers who are interested in google products, APIs and other Technologies.
Our objective is to raise the technical profeciency of the IT community through learning, tooling & sharing.
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Our objective is to raise the technical profeciency of the IT community through learning, tooling & sharing.
Join Channel: @GDGAddis
GDG Addis: Discussion Group
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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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