Hello, I have a question,
what is Bitcoin mining?
actually can anyone explain that what is bitcoin mining?
or any source link or article where I can find my question perfect answer..
Your kindness.
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Bitcoin mining means producing bitcoin and the sell them in the market. It is a process of producing digital currency and to make money due to the sale of bitcoin in the world market. I think bitcoin mining is not easy and it is also very costly because of the high prices of mining tolls and electricity. Bitcoin miners I think are the high earning community from all other ways of earning money in bitcoin.