Bitcoin mining is an interesting way of trying to make a few bitcoin tokens on the side, but it also serves a very important purpose in maintaining and keeping the bitcoin blockchain secure.
Unlike regular fiat currencies (such as US dollars or euros) bitcoin assets are not controlled by a central government or bank, and new bitcoin (BTC) cannot be printed and issued like paper money. Instead, bitcoin tokens are introduced into the market via a process known as “mining”. BTC are awarded to the miners who have solved the math problems necessary to verify bitcoin transactions.
In this guide we’ll look at how mining works, why it’s a necessary component of bitcoin infrastructure, and whether it’s a good way of making a buck.
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