Post
Topic
Board Bitcoin Discussion
Re: How does Bitcoin mining work?
by
MrDen
on 14/01/2018, 04:17:11 UTC
I heard that we can mine to earn more Bitcoin but I wonder How does Bitcoin mining work?

Bitcoin mining is the process of collecting portion of Bitcoins in the network. Just like any other natural resource, there is a finite amount of Bitcoins. So the maximum amount of Bitcoins that can be generated is 21 million. Until today over 12 million Bitcoins were mined. you need a miner (computer) to mine BTC. this computer needs to solve compelx mathematical problems and once completed BTC will be rewarded.