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As a new Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. Mar 10, 2014 One of the more misunderstood or outright confusing aspects of virtual currencies such as Bitcoin is the process called “mining. ” The term Bitcoin mining gets it39s name from the fact that when transactions are added to the public ledger block chain new coins are created mined. Bitcoin mining is an Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which Apr 3, 2017 Bitcoin Mining Basics. By Bitcoin retailers sydney C · April 2, 2017.
