Short Description
Bitcoin mining is the decentralized process by which new BTC is issued and transactions are validated on the Bitcoin network. Miners compete to solve complex cryptographic puzzles, and the first to find a valid solution earns the right to append a new block to the blockchain β receiving both a block reward (new BTC) and transaction fees in return (also paid in BTC).
This process is secured by a global network of specialized machines (ASICs), and its difficulty dynamically adjusts to maintain a fixed block production rate. Over time, Bitcoin mining has evolved from a hobbyist activity into a capital-intensive industry powered by large-scale data centers and custom-built ASIC hardware.