You Won't Believe How Bitcoin Mining Works Revealing the Insane Truth
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created by Joseph Mogavero (JoeCoinMining) (JMRMWM) (Joemogy)
In the Bitcoin network, miners are nodes that perform the work of verifying and adding transactions to the blockchain. The first miner to solve the puzzle earns the right to add the next block of transactions to the blockchain, and receives a reward in a form of newly minted bitcoins. By requiring miners to expand significant amounts of computational power to solve proof-of-work puzzles, the network ensures that malicious actors cannot easily take control of the network. Additionally, because the rewards for mining new Bitcoins are built into the protocol, miners are incentivized to participate in the network and work together to maintain its security and integrity. When a user sends a Bitcoin transaction, they can attach a transaction fee, which is paid to the miner who includes the transaction in the next block.
Help support me by checking out my website HTTPS://JMRMWM.shop
For all of your CryptoCurrency Mining needs
HTTPS://JMRMWM.shop
created by Joseph Mogavero (JoeCoinMining) (JMRMWM) (Joemogy)
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