Bitcoin mining is performed to discover bitcoin currency. It endorses the addition of transactions to the existing Blockchain. Unlike the real-world intrinsic value currency, cryptocurrency cannot be directed into existence thus has to be mined. Bitcoin mining hardware (ASICs) are put into action to mine bitcoins.
Bitcoin mining section will keep you updated about the latest bitcoin miners, regulations of crypto mining, development of mining industries, and all modernizations in the mining sector.
Mining steps
Mining aims to create an unalterable chain of transaction information with secure and tamper-resistant bitcoin nodes. The process involves the steps:
Transaction of bitcoin > propagation of transaction across the bitcoin network > processing of blocks by miners > blockchain confirmation.
Also, a proof-of-work system assists the process.
