Bitcoin Mining

Let’s learn about the most cryptographically innovative and arguably the most controversial feature of Bitcoin—mining.

Bitcoin mining is a process that is essentially a cryptographic ‘proof-of-work’ demonstrating that a large amount of computational effort has been applied to perform a task deemed cryptographically ‘hard.’ The need to conduct mining lies at the very heart of Bitcoin. It is a carefully engineered process designed to be difficult to conduct, yet whose level of difficulty can be tightly controlled.

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