Publisher's Synopsis
Miners basically are the people involved in the processing and verifying transactions before then recording the transactions on the Bitcoin blockchain.Miners will then receive transaction fees in the form of newly created Bitcoins.So, what's involved in the actual mining process?Computers are used to include new transactions onto the Bitcoin exchange and while computers will find it relatively easy to complete the verification process, the process becomes more difficult as computer capability becomes more sophisticated with faster processing speeds.Attempting to get Bitcoin users from around the world to agree on a single version of the transaction is the challenge and it comes down to what is referred to as "proof of work."Get This Book To Master How To Mine Your Bitcoin
