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Bitcoin mining is process by which new Bitcoin transactions are verified & added to the blockchain,a decentralized ledger that records all Bitcoin transactions.Miners use powerful computers to solve complex mathematical problems, which helps secure the network & prevent double-spending. As a reward for their efforts, miners receive newly minted Bitcoins & transaction fees.The mining process requires significant computational power & energy consumption.It has evolved over time, with specialized hardware such as ASICs (Application-Specific Integrated Circuits) being used to increase efficiency.Bitcoin mining plays a crucial role in maintaining the integrity & security of the Bitcoin network, while also providing an avenue for individuals to participate & be rewarded for their contributions.
