How Bitcoin mining works Bitcoin is powered by blockchain, which is the technology behind many cryptocurrencies. A blockchain is a decentralized ledger of all the transactions across a network. Groups ...

Bitcoin is mined on the Proof of Work system in which computation power is employed to answer cryptographic tasks.

Bitcoin mining is the process that keeps the BTC network secure and operational. Bitcoin (BTC) miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts ...