How Are Bitcoins Mined?
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Bitcoin mining is a complex computational and technological process of validating the bitcoin transactions over the Bitcoin network. The miners compete against each other to solve complex hash puzzles, which are encoded cryptographically to verify the blocks containing transactions. The maximum amount of Bitcoin that can be created or mined is 21 million. Bitcoin mining primarily done: To bring new coins into circulation and validate ongoing transactions. To check counterfeiting and double-spend, the miners also maintain the ledger in a decentralized manner. Mining pools were invented to deal with the growing number of groups of miners. Mining pools also promotes the efficient mining of Bitcoins in a combined mining combined with a combined computing power with reduced difficulty to solve a complex mining. Mining software and e-wallets are necessary to start the process Source