How is bitcoin mined

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These calculations can change if and Ethereum at the time no big deal to mine.

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How bitcoin mining works
best.2019icors.org � investing � what-is-bitcoin-mining. Bitcoin mining is the process for validating Bitcoin transactions and minting new coins. Since Bitcoin is decentralized, there's no central authority managing. Bitcoin runs on a decentralized computer network or distributed ledger that tracks transactions in the cryptocurrency.

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There are some � including Monero � that can be mined using a home computer. Bitcoin is designed to evaluate and adjust the mining difficulty every 2, blocks or roughly every two weeks based on the number of participants. With that said, it is possible to alter information in a block before reaching six validations, but it is highly unlikely because the network must be controlled by someone attempting to change information for it to work. Bitcoin mining ensures that blocks of transactions are created and stacked in the right order in a way that can be traced and proven mathematically.