You may have never heard the term "bitcoin mining" and you may have thousands of questions in mind. Today I will try to know the details of Bitcoin Mining.
Bitcoin mining is done by high-powered computers. Which solves complex computational math problems.The matter is so complicated that people cannot solve it by hand.As I write this, the responses of 1 computer to solve this problem are working more than 6 trillion times.
First, when computers solve these complex math problems on the bitcoin network, they create new bitcoins. Such as extracting gold from mines. Similarly, new bitcoins are created through bitcoin mining.
Second, computers are trusted and secure by verifying transaction information on the Bitcoin payment network.
That's a good explanation, actually. I really don't know how bitcoin mining works and I see that some of my friends are doing it but I never tried it since I really thought that was most of them is just a hoax or a scam. Turns out that it has something to do with computers solving something and such. Maybe I would learn more if I read about it on mining threads and articles that discuss mining.