Bitcoin Mining

Bitcoin mining is the process of validating and recording transactions on the Bitcoin blockchain, which is a digital ledger. Miners use powerful computers to solve complex mathematical problems. When they solve these problems, they add a block of transactions to the blockchain and are rewarded with new bitcoins. This process ensures the security and integrity of the network, preventing fraud and double-spending. It requires significant computational power and electricity, making it a competitive and resource-intensive activity in the world of cryptocurrency.