What is Bitcoin Mining? Everything about it

in #about3 years ago (edited)

How Bitcoin Mining Works

Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

Bitcoin is Secure

Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

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good efforts bro, bitcoin mining is mine through a special devices called Miner, in current market Ant Miner is mostly used for btc mining the latest miner is Ant miner AS9 , others alts coin mostly mine through GPUs or CPUs.

So that is to say once mining becomes more expensive(unless bitcoin prices keep up with the halving) then bitcoin transactions will become less secure as we reach upwards towards the 21 million bitcoins? Is that cap ever going to be restructured? Can you explain shifts that will occur due to NewPowBtc and BTC1 forks? Also will adoption of segwit allow for the fbi to unload its 144,000 bitcoins? I'm a crypto newbie