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How were bitcoins mined

How were bitcoins mined

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The total bitcoin supply isabout 0.

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But how does bitcoin actually work?
The process of bitcoin mining involves the verification of new transactions against the Bitcoin network, which results in the production of new. Bitcoin runs on a decentralized computer network or distributed ledger that tracks transactions in the cryptocurrency. top.bitcoingalaxy.org � investing � what-is-bitcoin-mining.

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calendar_month 11.11.2021

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Bitcoin mining requires the mining program to generate a random hash and append another number to it called the nonce, or "number used once. If you believe Bitcoin's value will rise over time, you may think of your month-to-month losses as a long-term investment. Table of Contents Expand. On May 11, , the reward halved again to 6. Miners rush to decipher the nonce to generate new blocks, confirm transactions, and enhance network security.