Building a Bitcoin Business – Scot Johnson of Digital Shovel Interview

Building a Bitcoin Business - Scot Johnson of Digital Shovel Interview

Cryptocurrency mining is a validation process that underpins proof-of-work (PoW) blockchain networks. It involves using computers to solve extremely difficult mathematical puzzles in exchange for rewards.

Miners verify pending network transactions and compile them into a block. They earn rewards based on how many bitcoins and other digital tokens are in the block they mine. Rewards may also include transaction fees and newly minted coins.

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