How do bitcoin mining work

Bitcoin mining refers to the process through which new Bitcoins are created and given to.It distributes new bitcoins in a relatively fair way—only those people who dedicate some effort to making bitcoin work get to.Bitcoin has become a controversial and powerful form of currency. Lifewire.com explains Bitcoins, mining, and how the cryptocurrency works.

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Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain.Anybody can become a Bitcoin miner by running software with specialized hardware.

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Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with.

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Before even starting out with Bitcoin mining you need to do your due diligence. Here is an article on earning BTC for doing work online: How to Get Bitcoins.

According to a University of Cambridge study, much of bitcoin mining is done in China, where electricity is subsidized by the government.

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In this video I explain how does a Bitcoin transaction work, how do miners support the network and what Bitcoin mining actually is.The machines that do bitcoin mining are responsible for this ledger to be up.