How bitcoin mining ?

[ChixHunter]

How Bitcoin Mining Works
Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

Bitcoin is Secure
Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

https://www.bitcoinmining.com/

[smile.ps]

Obtained with the help of mining.  The essence of mining lies in the fact that computers located in different points of the Earth solve mathematical problems, as a result of which bitcoins are created.  The extraction process is not controlled by a single issuing center, and the distribution ensures safety.

 All bitcoin-transfers are recorded in the public transaction log.  On the chain, they are passed on to the miners, whose job is to select from a million combinations a single hash, suitable for all new transactions and a secret key, which will ensure the miner receives a reward of 25 bitcoins at a time.  A lot of "miners" are simultaneously fighting for the award, trying to guess the first hash.  Once the hash is guessed, the block with all transactions is closed, the miners pass to the next one.

 The hash that searches for the miners consists of the hash of the previous block, the amount of transaction hashes in the last 10 minutes, and the random number that the miners change to make the final hash satisfy the conditions of the system.  It is the change in these conditions that determines the complexity of the hash location, they change once in 2016 closed blocks and are automatically selected so that the calculation of each 2016 block takes 2 weeks.

 After 6 blocks are calculated in a row, the money transfers included by the miners in the very first of these blocks are considered confirmed, however, many shops consider it a sufficient condition to calculate one or two blocks with the required transaction.

 Miners can be compared to those who distribute the file on a closed torrent tracker.  They provide the work of the p2p-network - they enable anyone who wants to download a movie or a music album, getting a rating for it, and, hence, the possibility to download files from others in the future.  In the case of Bitcoin, the miners who play the role of "distributors" support the work of the monetary system: they carry out transactions and keep an "agreement" about the unified state of the entire network.  Only for the investment of resources they receive not an ephemeral rating, but bitcoins, easily convertible into real money.

[diygirl]

Mining bitcoin is currently difficult to do. If you want to mine, switch to alternative coins like Litecoin or Cardano. Both of these coins are very good for mining. From some experiences of people who have mined the coins, they claim to be able to benefit from mining them.

[kemalramdanu]

Bitcoin is very dependent on this mining process. Because with mining carried out by Bitcoin (miner) miners this will validate every transaction, build and store the new block into the blockchain. To save new blocks into this Blockchain, the miners must reach consensus.