SkyPanda on Nostr: When you're involved in Bitcoin mining, people often ask, 'So, what exactly is ...

When you're involved in Bitcoin mining, people often ask, 'So, what exactly is mining?' Here’s how I usually explain it:

'It's kind of like those math problems we did as kids, where you plug in random numbers and solve equations, but way more complex. Computers are solving these difficult calculations to verify that the transactions on the Bitcoin blockchain are legitimate.

A malicious hacker would need a massive amount of computing power to make a fraudulent transaction, and even if they managed to succeed, Bitcoin’s price would crash, so there’s no incentive to cheat.

Basically, computers do the math to secure the Bitcoin network, and miners are rewarded with Bitcoin for their work.'

It’s not east to explain in a few sentences, so for a deeper dive into Bitcoin mining, check out the article on our 來來 Rai Lai　 website:

https://rai-lai.com/en/blogs/bitcoin-mining/what-is-bitcoin-mining.";