Mining transactions are validated digitally on the bitcoin network you use and add to the blockchain ledger. It is done by solving complex cryptographic hash puzzles to verify blocks of transactions updated on the decentralized blockchain ledger. To solve the hash puzzle, miners will try to calculate the hash of a block by adding a nonce to the block header repeatedly until the hash value yielded is less...
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Every miner on the network does this until a hash and nonce combination is created that is less than or equal to the target hash. The first to reach that target receives the reward and fees, and a new block is opened. Once that block fills up with information (about one megabyte), it is closed, encrypted, and mined. Bitcoin mining is the process of validating the information in a blockchain block by...