Bitcoin mining #bitcoin☀️

Bitcoin mining is the process of processing and validating payments on the Bitcoin network. Mining machines will calculate to decode a previously performed Bitcoin transaction, and permanently save that transaction information to the Blockchain. After completing a block, miners will receive a certain amount of Bitcoin and transaction fees.

In addition to being rewarded with Bitcoin each time a block is completed, each “miner” will be paid additional fees for processing and validating transactions. This number is currently very small, only a few hundred USD/block, not much compared to the value of Bitcoin. In other words, the goal of Bitcoin miners now is the number of Bitcoins rewarded after completing each block.