startbitcoin.com - What is Bitcoin Mining? How Does it Actually Work? (2024 Updated)

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Description: Bitcoin mining is all about updating the ledger of Bitcoin transactions. This guide will explain all you need to know about Bitcoin Mining.

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By: Ofir Beigel | Last updated: 1/14/23

If you’ve heard about Bitcoin then you’ve probably heard about Bitcoin mining as well – the concept of “creating” Bitcoins from your computer. The following post will give you a complete overview of what Bitcoin mining is and how it actually works.

Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain . Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.

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