Could you explain mining in details please?
Just like mining for gold with picks and shovels, bitcoins, too, are mined similarly but with computers. The first person who finds the next block is awarded the prize of currently 12.5 bitcoins. There will only be 20M bitcoins mined, after which a new Bitcoin will be created by our grandchildren.
Solo mining is very hard now so it's best to join a pool consisting of other hard miners.
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