Cryptocurrency Q&A
Is Bitcoin mining even real?
Is Bitcoin mining even real?
DaeguDiva
Wed Dec 18 2024
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6
answers
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I've been hearing a lot about Bitcoin mining, but I'm not sure if it's actually real. I mean, is Bitcoin mining a legitimate way to earn Bitcoins or is it just a scam? Can someone explain if Bitcoin mining is real and how it works?
6 answers
Ilaria
Fri Dec 20 2024
This reward mechanism is often referred to as mining.
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CryptoPioneerGuard
Fri Dec 20 2024
Bitcoin operates on a decentralized computer network, also known as a distributed ledger.
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Riccardo
Fri Dec 20 2024
This network serves as the backbone for tracking all transactions involving the cryptocurrency.
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CryptoProphet
Fri Dec 20 2024
The process of verifying and processing these transactions is crucial for the functionality of Bitcoin.
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CryptoVisionaryGuard
Fri Dec 20 2024
When computers on the network perform this task, they are rewarded with new bitcoins.
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