Do Bitcoin Miners Work?


Bitcoin Miners are in question today about whether their mining would work or not? Do Bitcoin miners work?

in progress 0
Charlie Evans 4 months 1 Answer 82 views 0

Answer ( 1 )

  1. Bitcoin Mining is the process in which the new Bitcoins are circulated in the market and the transactions are verified here.

    When the miners of Bitcoin add new block to the list of transactions of Blockchain, their part job is also to ensure whether the transactions are accurate or not. They ensure that the bitcoin is not being duplicated.

    As bitcoins are growing, it is becoming increasingly difficult to monitor and earn profit with more than 500,000 purchases and sales occurring in a single day, verifying these work are a hell lot of work for miners.

    The mining rewards have also consequently halved till date.

Leave an answer


By asking your question, you agree to the terms of service and Privacy Policy.