Cryptocurrency Q&A
Do they physically mine Bitcoin?
Do they physically mine Bitcoin?
OpalSolitude
Wed Dec 25 2024
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6
answers
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I heard people can earn Bitcoins, and I'm wondering if they actually go to mines to dig them out like gold or coal. Is Bitcoin mining a physical process where they extract the coins from the ground?
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6 answers
CryptoLord
Fri Dec 27 2024
When computers connected to the network verify and process these transactions, new bitcoins are generated.
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Federica
Fri Dec 27 2024
This process is commonly referred to as mining.
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Tommaso
Fri Dec 27 2024
Bitcoin operates on a decentralized computer network, also known as a distributed ledger.
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BlockchainLegendary
Fri Dec 27 2024
Miners use powerful computers to solve complex mathematical problems.
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Martino
Fri Dec 27 2024
In exchange for their efforts, miners receive a payment in Bitcoin.
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