What is Bitcoin Mining? All of Your Questions Answered

[kreslik.news]

Bitcoin is an ever-growing phenomenon which has gained a considerable number of followers over the past several years. One of the biggest and most important questions that many have is how exactly this cryptocurrency is made.

Enter mining: the process through which new Bitcoins are produced.

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Despite the name,Bitcoin mining does not actually have much to do with the traditional form of mining. Instead, mining is the way in which transactions in Bitcoin are confirmed and added into the public ledger, or the blockchain system; new Bitcoins are created as a byproduct of ... (read more)