many people are talking about mining ,,, I am the first time to get to know mining, and not yet understand what mining is? what is the purpose of mining? and what are the advantages of mining? and how does mining work?
please enlighten ..
The Bitcoin blockchain network is run by individual computers all over the world. Anyone can use their computer to be a part of this network. These people are called miners and their computers are used to perform the work necessary to send Bitcoins from one address to the other and to log that information in the blockchain.
Miners get paid for thier work with Bitcoins. The Bitcoins they receive are the newly created Bitcoins that are a result of the mining process per the design of Bitcoin. They also receive Bitcoin from fees that are charged for completing Bitcoin transactions.