How does Bitcoin mining really work?

Mining Bitcoin is more than just the creation of Bitcoin tokens; it’s  also the decentralized global system by which miners validate and secure  all Bitcoin transactions — and earn Bitcoin themselves.

How Bitcoin Mining Works

Quick refresher: Unlike other traditional currencies Bitcoin isn’t  overseen, issued or regulated by a central authority such as a bank.

The question of whether Bitcoin mining is legal is still fairly complex and can vary from region to region.

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Is Mining Bitcoin Legal?

Given the speed at which technology can change and markets can shift, what miners actually earn can be tough to predict.

How Much Does a Miner Earn?

Bitcoin mining has become highly competitive because of the potential  rewards — and the complexity of the calculations and technology  involved.

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What Do I Need to Mine Bitcoins?


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