What is mining for #BTC

The process by which members of the #Bitcoin network come to an agreement on the subsequent block of transactions to be added to the #blockchain is known as mining. A group of individuals known as "miners" compete against one another for each new block to solve a #cryptographic conundrum. The fresh block of transactions is proposed to the network as a whole by the first miner who finds a solution. The block's successful miner receives newly minted bitcoin as payment. As a result, adding new #bitcoin to the system happens through mining.