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How does mining work?

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How_to_mine_your_own_bitcoin_infographic1.

Become a miner

How bitcoin mining works. Last updated: 6th March 2014 In traditional fiat money systems, governments simply print more money when they need to.

How bitcoin mining works

But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world ‘mine’ for coins by competing with each other. So, how does mining happen?