💰 Cryptocurrency Mining Explained How Computers Earn Digital Money picture courtesy-geek for geeks 💰 Cryptocurrency Mining Explained How Computers Earn Digital Money In old times, miners dug the ground for gold. Today, miners use computers to dig for digital coins like Bitcoin . But instead of finding metal, they find numbers — and these numbers help keep the cryptocurrency system safe and honest . This process is called mining , and it happens entirely inside computers. Why Mining Is Needed Every time people send or receive cryptocurrency, the information is stored in a list called the blockchain . Before a new page (or block ) is added to this chain, it must be checked — to make sure nobody is cheating or spending the same coin twice. Miners do this checking. In return, they get new coins as a reward. How Mining Works Collect Transactions: Miners take recent crypto transactions and group them into a “block.” Solve a Puzzle: Their computers try millions of guess...
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