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How To Mine BITCOIN? - Explain It To Me Like I'm 5
Bitcoin is the king of crypto, but it's been held back by limited programming capabilities, low speed, and high fees. That's where the Internet Computer. You could simply cobble together a few gaming computers, to mine bitcoin rather than ethereum with computer chips as opposed to using. Bitcoin mining is how new bitcoins enter into circulation. It's also a critical component of the security of the blockchain ledger.

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As you probably noticed, that number consists not just of numbers, but also letters of the alphabet. It is issued and redeemed via canister smart contracts controlled by the NNS and cryptographically secured with real bitcoin. In addition to introducing new BTC into circulation, mining serves the crucial role of confirming and validating new transactions on the Bitcoin blockchain. Though the process of generating Bitcoin is complex, investing in it is more straightforward. How Does Mining Confirm Transactions?

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