đ¶ Bitcoin Story Series â Part 4
đ What is Bitcoin Mining?
Bitcoin doesnât come from a bank â itâs mined using powerful computers.
But wait, it's not like gold mining⊠so what is it?
đ§ Bitcoin mining is the process where computers solve complex math problems to:
Verify transactions
Secure the network
Create new Bitcoins
The first computer to solve the problem gets rewarded with new BTC â this is called the block reward.
đŻ This is how:
New bitcoins enter circulation
The network stays safe from fraud
Miners earn rewards (currently 3.125 BTC per block as of the latest halving)
But mining isnât easy anymore â it requires expensive equipment, electricity, and strong technical skills.
Still, itâs the backbone of Bitcoinâs security.
#BitcoinMining #CryptoBasics #BlockchainTechnology #BinanceSquare