Mining in computer is the process of finding and verifying new blocks in a blockchain. The miner who finds the new block is rewarded with cryptocurrency for their efforts. Mining is essential to the security and viability of a blockchain and is done by computers that solve complex mathematical problems.

What is mining in computer terms?

Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions (and a “mining rig” is a colloquial metaphor for a single computer system that performs the necessary computations for “mining”).

Bitcoin mining is how new Bitcoin is added to …