What is Bitcoin Mining for Dummies? Mining is how new Bitcoin and Bitcoin Cash are created. Miners are rewarded with cryptocurrency for verifying and committing transactions to the blockchain. Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions or blockchain. This ledger of past transactions is called the […]
What Does Mining A Bitcoin Mean
Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain […]
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