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wholesale crystal jewelry supplies "Mining", as the name implies, the action that can appear in our minds is to dig in the soil holding the iron, but now it is no longer the iron salamander, but the computer, no longer digging in the soil, but in a data. The pool is dug, and it is no longer a physical item such as gold and coal, but the right to compete for accounting. 1. Mining is a process of confirming the transaction in the Bitcoin system for a period of time, and records the process of forming a new block on the blockchain. 2. Mining is the process of bookkeeping. Miners are accountants, and blockchain is the ledger. 3. Bitcoin system's bookkeeping right is decentralized, that is, each miner has the right to account for bookkeeping. Miners who successfully grab the bookkeeping right will get the new Bitcoin reward of the system. Mining is to produce Bitcoin the process of.