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what is mining

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what is mining

May 17, 2020· What isBitcoin MiningSummary.Bitcoin miningis the process of updating the ledger ofBitcointransactions known as the blockchain.Miningis done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly …

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