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What is Bitcoin mining?
Bitcoin mining is the process that keeps the BTC network secure and operational.
Bitcoin (BTC) miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts (trial and error) until they produce a hash that meets the network’s difficulty target.
The first miner to find a valid solution broadcasts their block. Once the rest of the network verifies it, that miner earns a reward.
If another miner solves the block before you, your result becomes invalid, known as a “stale block,” and…
