Understanding Bitcoin Mining and How It Works!

Understanding Bitcoin Mining and How It Works!

Understanding Bitcoin Mining and How It Works! With the cryptocurrency fever catching on, there’s also a sharp increase in mining activity around the world. Bitcoin mining, in the simplest of words, is the process by which new Bitcoins are generated. However, there’s more to mining than what this statement expresses. Let us take a look at the process of mining, how it works, as well as the impact of Bitcoin mining on the environment. To understand Bitcoin mining, let us first understand that currencies such as Bitcoin are often called ‘Digital Gold’. Bitcoins are finite in number. Only 21 Million …

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