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How Does Bitcoin Mining Work?

Bitcoin miners receive Bitcoin as a reward for creating new "blocks" which are added to the blockchain.

Mining rewards are paid to the miner(s).

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Bitcoin mining is the mining of validating the information in a blockchain block by generating a cryptographic solution that matches specific criteria. Bitcoin (abbreviation: Site sign: ₿) is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through.

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