Bitcoin mining is a very important term. If you think bitcoin mining is like mining gold then you would be wrong. Because you don't need to do anything physically to mine Bit Coin. Bit coin mining is done digitally and requires hardwire. Bit coin mining was very easy in the beginning. But now it is not easy at all. Now bit coin mining requires very expensive hardwire. Means good quality hardwire. Only then good mining is possible.

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Now the question is why Bitcoin mining is actually done? Around 21 million bitcoins are stored during bitcoin creation. Which has to be mined and brought to earth. Just as gold resides underground and is mined out, Bitcoin resides in a place that is mined in various ways.

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Miners are rewarded as a result of mining Bit Coin. And this results in new bitcoins coming into the world. Also mining is important for various transactions. Miners generate hashes for transactions. And this creates new blocks which in turn earn miners rewards.

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The steemit we work on is also a form of mining. When someone votes we get new coins. And after seven days we get its reward. Thus mining continues and the cryptocurrency arena continues to expand. So friends, this was today's post. Looking at the new post? Everyone will be fine.