What is mining bitcoin?

Bitcoin mining is the processing of transactions in the digital currency system, in which the records of current Bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain. … In return, they are awarded a certain number of Bitcoins per block.

What does mining bitcoin mean Reddit?

Miners get rewarded by adding a transaction into the block, that puts a certain amount of bitcoins into their account. The amount currently is 25 bitcoins, and it decreases every 4 years or so.

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