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Bitcoin mining is used to ensure every transaction that happens with bitcoins is legitimate. Every bitcoin is embedded in a block. For the data from a transaction to be verified, computations that are often difficult and time-consuming are used to power the block. After selecting a block, a difficult problem is generated and a proof of work must be used to solve it. Sometimes, a user must insert several values before solving the problem correctly. Users are given a set number of bitcoins per block (depending on the current bounty that is adjusted based on market fluctuations)..Start mining
A bitcoin is not actually a coin. In fact, bitcoins only exist in a virtual world. They are used for transactions online and kept in a virtual wallet. They are not regulated by a bank or other third-party and can be nearly impossible trace, even allowing people to buy online without sharing their identity. Bitcoins only exist online, so who’s to say that bitcoins from one transaction had not been spent twice? That is where bitcoin mining comes in.