Bitcoin mining is the process by which new bitcoins are generated and transactions are verified and added to the public ledger known as the blockchain. It involves the use of specialized computer hardware to solve complex mathematical problems, which in turn secures the network and confirms transactions. Miners compete to solve these problems, and the first one to succeed is rewarded with newly created bitcoins, as well as transaction fees from the transactions included in the new block they add to the chain. This process is essential to the functioning of the Bitcoin network, as it prevents double-spending and ensures consensus among network participants. Bitcoin mining requires substantial computational power and energy, leading to discussions about its environmental impact and economic viability.
Bitcoin mining is now seen as a sustainable energy solution, turning waste into a valuable resource. By capturing wasted energy from sources like methane, Bitcoin mining reduces greenhouse gas emissions.…