What is bitcoin mining?

Mining Bitcoin is the process of validating transactions and mining new blocks in the Bitcoin network. Mining involves using specialized hardware to solve complex mathematical puzzles. Miners collect transactions into blocks and use their computing power to find solutions to puzzles called “proof-of-work.” If successful, they can add a new block to the Bitcoin blockchain and receive a reward in the form of new Bitcoins. Mining also serves as a security mechanism to protect the Bitcoin network from attacks and manipulation. However, Bitcoin mining is increasingly difficult and requires expensive hardware, so many people are turning to mining pools or cloud mining services.