© Reuters.
mining (BTC) is the process of adding transactions to the Bitcoin blockchain, a decentralized public ledger of all Bitcoin transactions. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), to validate transactions and add them to the blockchain. In return, miners receive newly minted BTC as a reward for their work.
The process of mining Bitcoin involves solving a complex mathematical puzzle, known as a hash, using specialized software and hardware. The miner that solves the puzzle first is rewarded with new BTC, as well as the transaction fees associated with the transactions included in the block.