Cryptocurrency Q&A
Do people mine Bitcoin?
Do people mine Bitcoin?
BitcoinWizardry
Tue Dec 24 2024
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5 answers
1211
I'm wondering if people are actually mining Bitcoin. I've heard about Bitcoin mining, but I'm not sure if it's something that individuals or just large companies do.
5 answers
JejuJoyfulHeartSoulMate
Thu Dec 26 2024
Bitcoin operates on a decentralized computer network, also known as a distributed ledger. This ledger is responsible for tracking all transactions involving the cryptocurrency.
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emma_grayson_journalist
Thu Dec 26 2024
The process of creating new bitcoins is referred to as mining. This occurs when computers on the network verify and process transactions.
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EthereumEmpire
Wed Dec 25 2024
Miners are the networked computers that perform this task. They are rewarded with a payment in Bitcoin for their efforts in processing the transaction.
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CryptoDynasty
Wed Dec 25 2024
The decentralized nature of the network ensures that transactions are verified and processed in a transparent and secure manner.
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Martina
Wed Dec 25 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and a wallet service for storing cryptocurrencies.
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