Bitcoin Mining Explained- How it works (Bitcoin Mining) #shorts What is bitcoin mining- IT’S A GUESSING GAME 1. Your mining computer comes up with the right guess. 2. Your mining program determines which of the currently pending transactions will be grouped together into the next block of transactions. 3. Compiling this block means you have now become the temporary bunker of bitcoin 4. Being this bunker of bitcoin allows you to update the bitcoin transaction ledger known as Blockchain Ledger 5. This block that you created along with your solution is sent to the whole network so other computers can validate it 6. Each computer that validates your solution updates its copy of the bitcoin transaction ledger with the transactions that you chose to include in the next block 7. The miners wi
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