What is Bitcoin Mining and What Has Changed in the Past Few Years
One of the most common questions about bitcoin is how it’s actually mined. Given its meteoric rise over the years, it’s no wonder why people are extremely curious about origins. So how does bitcoin mining actually work and how has it changed over the past years? In the cryptocurrency field, mining doesn’t hold the same definition as the one we’ve come to know. To mine bitcoin, you don’t actually need the standard workgear—a working computer with the right hardware can do the job for you. More specifically, a bitcoin is mined when a computer you own solves a block through an algorithm. Solving a block provides a reward which is given in the form of a certain amount of coins that has been allotted to it.
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