What is Bitcoin mining ?


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DATE: April 26, 2014, 11:07 a.m.

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  1. What is Bitcoin mining ?
  2. A. The process of finding new blocks to be added to blockchain is called Bitcoin mining. This is done by a computer program by solving a complex puzzle with real time input of transaction data. Now a days mining requires specialized hardwares and electricity consumption. Miners are rewarded with Bitcoin by the system.

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