Bitcoin mining is the decentralized process by which new bitcoins are introduced into circulation and transactions are verified and added to the public ledger known as the blockchain. It involves solving complex computational problems that require specialized hardware and consumes a significant amount of energy. Successful miners are rewarded with newly minted bitcoin and transaction fees.
Bitcoin mining is the process of using computer power to solve cryptographic puzzles that validate transactions on the Bitcoin network. Miners help secure the network and are rewarded with bitcoin.
Mining helps keep the Bitcoin network secure and decentralized. It confirms transactions and prevents double-spending by maintaining consensus across all network nodes.
Technically yes, but it's not profitable for most people due to high hardware costs and electricity requirements. Most mining today happens in industrial-scale operations.
Bitcoin mining is legal in many countries but may be restricted or banned in others due to concerns over energy usage or financial regulation. Always check local laws.
Earnings vary based on hardware power, electricity cost, mining difficulty, and bitcoin's market price. Some miners join mining pools to increase consistent earnings.