What is Bitcoin mining? 🤔💻

Bitcoin mining is the process that validates transactions and generates new BTC in circulation. With a maximum supply of 21 million coins, there are currently 19.5M mined, leaving only 1.5M to be extracted! 🌍🔗

How does it work?

🔹 Solving mathematical problems: Miners compete to discover a "hash", a unique code that validates blocks of transactions.

🔹 Specialized equipment: From GPUs to powerful ASICs, each tool makes a difference.

🔹 Scheduled halving: Every 4 years, the rewards per block decrease, increasing the scarcity of $BTC . 🚀

Did you know…?

It takes an average of 10 minutes to mine a complete block (3.125 BTC).

Individual miners often join pools to increase their odds.