Author: kevinhall

What is bitcoin mining? Well, in the simplest terms, bitcoin mining involves solving a set of puzzles to create a new bitcoin. We’re talking about highly sophisticated mathematical puzzles that require high-end computing systems. These systems come with specialized chips that are better equipped to deal with the numbers. The first system to decode the puzzle, known as the bitcoin miner, is rewarded with a bitcoin. Transactions are confirmed and validated on the cryptocurrency network with the mining process. When the idea of bitcoin was first tabled, desktop computers were used to mine them but the process was very time-consuming.…

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