Bitcoin mining is the network’s method of transaction validation and adding new Bitcoin to the existing supply. Miners use powerful computers to search for a 64-digit hexadecimal code that validates a block of transactions, known as hashing. The process involves finding a block's target hash and verifying its transactions to release more Bitcoin.
Keyword: Bitcoin mining, transaction validation, block reward
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Last edited on: May 7, 2024 at 06:36 pm