What is btc mining

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How To Mine Bitcoin - Easy \u0026 Simple
Bitcoin mining is the process by which Bitcoin transactions are validated digitally on the Bitcoin network and added to the blockchain ledger. Bitcoin mining is the process by which transactions are verified on the blockchain. It is also the way new bitcoins are entered into circulation. Bitcoin mining is a competition to add blocks, or secure financial records, to the blockchain ledger. Miners do this by racing to guess a digit hexadecimal.

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The foundation that supports and promotes Bitcoin offers free software that allows you to contribute to the network using a home computer. Because crypto regulations in both the US and around the world are still very fluid, miners need to remain vigilant and watch for changes that could undermine their bottom lines. Bitcoin transactions are validated using blockchain technology and so do not require an intermediary for validation.