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๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐——๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฆ๐˜‚๐—ฟ๐˜ƒ๐—ถ๐˜ƒ๐—ฎ๐—น ๐—–๐—ผ๐—ป๐—ณ๐—ฒ๐˜€๐˜€๐—ถ๐—ผ๐—ป๏ธ Telegram | DID YOU KNOW?

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How Does Bitcoin Mining Work?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. Itโ€™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. โ€œThis is how new coins are createdโ€ and new transactions are added to the blockchain, says Okoro.

๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐——๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฆ๐˜‚๐—ฟ๐˜ƒ๐—ถ๐˜ƒ๐—ฎ๐—น ๐—–๐—ผ๐—ป๐—ณ๐—ฒ๐˜€๐˜€๐—ถ๐—ผ๐—ป๏ธ from UA

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