Cryptocurrency Q&A
How did people mine bitcoin?
How did people mine bitcoin?
Alessandro
Sat Nov 30 2024
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7 answers
1676
I'm curious about the process of mining bitcoin. I want to know how people actually mine this cryptocurrency, what steps are involved, and what tools or technologies they use to do it.
7 answers
EclipseRider
Mon Dec 02 2024
When computers within the network successfully verify and process transactions, new bitcoins are created.
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KDramaLegendaryStarlightFestival
Mon Dec 02 2024
Bitcoin operates on a decentralized computer network, also known as a distributed ledger.
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CryptoKing
Mon Dec 02 2024
This creation of new bitcoins is often referred to as mining.
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LightWaveMystic
Mon Dec 02 2024
The computers involved in this mining process, known as miners, are rewarded with a payment in Bitcoin for their efforts.
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IncheonBeauty
Mon Dec 02 2024
This network serves as the backbone for tracking all transactions involving the cryptocurrency.
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