Bitcoin mining, or bitcoin mining, is a voluntary activity in which volunteers, called miners, provide the processing power of their extractive devices to the network to validate network transactions.
Of course, the miners don"t do it for God"s sake, but they are rewarded for it, and that is the bitcoin reward. In other words, when you send bitcoin to your friend, the miner helps validate your transactions and rewards the network.
So there are three main things to do in mining:
Confirm bitcoin transactions
Keeping the bitcoin network secure
Decentralize the production of new bitcoin units
The explanation we gave was simple so you can understand the mining more easily. Here"s a look at bitcoin mining technically.
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