Bitcoin mining is the process of generating new Bitcoins and adding them to the network by solving complex mathematical problems through hash functions using specialized computer hardware. This process is called proof of work, designed to be difficult and energy-intensive to ensure network security. Miners compete to solve these problems, and the first one to find the correct solution is rewarded with new Bitcoins. Mining requires specialized equipment and consumes a significant amount of energy, often done in pools to increase chances of earning a reward. The rewards are halved every four years, and the current reward is 6.25 BTC per block. The blocks need to be verified by other nodes on the network through consensus before they can be added permanently to the blockchain. Legal Dis
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