With paper money, a government decides when to print and distribute money.
Get Bitcoin Mining Background. What miners are doing with those huge computers and dozens of cooling. In bitcoin mining terms, that metaphorical undisclosed number in the envelope is called the target hash.
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Bitcoin mining is the process of using specialized computer hardware to earn bitcoin. What miners are doing with those huge computers and dozens of cooling. Bitcoin doesn't have a central government.
Mining is the process of adding transaction records to bitcoin's public ledger of past transactions (and a mining rig is a colloquial metaphor for a single computer system that performs the necessary computations for mining. Network nodes use blockchain to differ the real transactions from the attempt to spend the same facilities twice. What is bitcoin mining actually doing? The annual production of bitcoin via mining is $3.5 billion dollars, with most of that bitcoin going to bitcoin miners.
