What Is Mining Bitcoin?
Bitcoin mining is the process of leveraging, storing and maintaining Bitcoin transactions. Of course, there are many more. But before discussing more about what Bitcoin mining is and how it works, keep two important things in mind about Bitcoin:
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When you make a payment using a credit card, the credit card company verifies and records the transaction. Now, when you make payments using Bitcoin, there is no center / third party like the credit card company to verify the transaction. However, the reports come from Bitcoin miners.
Unlike traditional money (USD, JPY, EUR etc.), which is printed by banks, Bitcoin cannot be printed by parties. With traditional money, banks can print as much money as they want because there is no maximum limit on it. However, Bitcoin has a maximum limit of up to 21 million. This means that only 21 million Bitcoins were created!
This is what Bitcoin is all about - Bitcoin works without intermediaries (such as bank comments or credit card companies).

As you can see, Bitcoin is very different from traditional payment systems such as banks and credit card companies. Since Bitcoin is out of print, how do you create new Bitcoin?

Can you guess what the solution is?

If you thought the solution might be Bitcoin mining, you are right! So, yes, persecute the purpose of Bitcoin mining - to verify transactions and create new Bitcoins. But if that is the role, how does it work? Let's talk more about how to mine Bitcoin and answer the question that is still on our minds: what is Bitcoin mining?




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