Cryptocurrency Q&A
Do you physically mine Bitcoin?
Do you physically mine Bitcoin?
SarahWilliams
Sun Nov 17 2024
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6 answers
1288
I'm curious if the process of obtaining Bitcoin involves actual physical mining, like extracting ore from the ground, or if it's all done digitally.
6 answers
Claudio
Tue Nov 19 2024
Bitcoin operates on a decentralized computer network, also known as a distributed ledger.
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Elena
Tue Nov 19 2024
This network is responsible for tracking all transactions involving the cryptocurrency.
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MysticStar
Tue Nov 19 2024
When computers within this network verify and process these transactions, new bitcoins are generated.
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Chiara
Mon Nov 18 2024
This process is commonly referred to as mining.
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Riccardo
Mon Nov 18 2024
Miners are the networked computers that undertake this task.
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