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What is Bitcoin mining?
Bitcoin, Bitcoin Cash and other cryptocurrencies are created by mining. It is a computation of a complicated mathematical problem for which a successful miner receives a share of coins.

The mining company groups selected unconfirmed payment transactions (Bitcoin transfers from account to account entered by network users) into the so-called block. The transaction is selected by the particular miner(s) at its discretion, the basic criterion for including or not including a transaction in a block is the fee that users offered when entering the transaction. Charged transactions will, therefore, be confirmed sooner.
The block must contain at least 1 transaction.
The solution to the mathematical task is to find a certain value depending on hashing functions, grouped transactions, and the current so-called limit. Because of the hash function, finding the right solution is random, so it generally depends primarily on the performance of the machines looking for the solution, not on the skills of the miner. A limit is a number set at any moment so that the solution of the currently solved blocks can be found on the whole network on average once every 10 minutes, so finding the solution is more difficult the more efficient the whole network is.

China controls about 60% of Bitcoin mining

China Mining controls about 60% of Bitcoin

Currently, it is estimated that Bitcoin covers China with about 60 percent of their mining, followed by the USA, Canada, and Iceland;...
Cryptocurrency market recovery

Market recovery of the cryptocurrency

The recovery of the cryptocurrency market has encouraged the primary producer of mining hardware to prepare to subscribe to shares
Digital currency taxation

Taxation on Cryptocurrency Mining Profits

Taxation in the cryptocurrency world has historically been slightly confusing. Many people think that since crypto assets are not official money, they...
Cryptocurrency mining

How to Mine Cryptocurrencies

How can you get newly minted tokens? There are two ways through which you can obtain newly minted cryptocurrencies....
All about Litecoin

All about Litecoin

Litecoin is an entirely decentralized cryptocurrency that enables instant payments with near-zero fees. It is an exciting alternative to Bitcoin.
Electrical energy consumption

Electricity Costs in Crypto Mining

For crypto miners, the cost of electricity is one of the main outside factors they always have to be aware of. Electricity...
Is digital currencies mining advantageous

Should You Try Crypto Mining?

Why is cryptocurrency mining important and why don't all forms of electronic money require it? We can make a quick comparison with...

Crypto Mining

There are two ways to acquire cryptocurrencies: buying them and mining them. Mining is how most cryptocurrencies are created, therefore, this activity...