– What is Bitcoin mining? Bitcoin operates as a peer to peer network, this means that everyone who uses Bitcoin as a tiny fraction of the bank of Bitcoin, but where does Bitcoin comes from? With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government. With Bitcoin, miners uses special software to solve math problems and are issued a certain number of Bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. And since miners are required to approve Bitcoins transactions, more miners means a more secure network. The Bitcoin network automatically changes the difficulty of the math problems, depending on how fast the BN soft in the early days, Bitcoin
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