How does bitcoin mining works?

Bitcoin is a validation process of the blockchain i.e. previous transactions, where the miners get the reward in the form of bitcoins.  Bitcoin miners require a computer and a special program. They use the program and compete with other miners all around the world in solving the complex mathematical problems. They solve a block with latest transaction with cryptographic hash function.

The bitcoin miners guess the inputs blindly and their aim is to get the target hash value. The one first completes this, will be said to have mined the block and will get a reward of 12.5 bitcoins. The solved block is added to the local blockchain and thus propagating the network. Thus the miners help in verifying the blockchain with the coding of blockchain algorithm and rewarded with bitcoins. The miners were initially the cryptography enthusiasts. As they are getting more bitcoins, many are make the mining as a business to earn money. Many cryptocurrency advisors in experts guide the miners in proper investment. Thus the bitcoin mining can be compared with gold mining, where the more the difficulty in finding the hash value, the more will be the gold which is in the form of bitcoins.

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