Minage bitcoins for dummies

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What is Bitcoin Mining?
When the miner verifies a specified number of transactions, they get paid with newly created (or minted) Bitcoin. This process is how Bitcoins. Bitcoin mining is the process by which transactions are verified on the blockchain. It is also the way new bitcoins are entered into circulation. Miners make Bitcoin by finding proof of work and creating blocks, with the current number of Bitcoins the miner receives per block creation.

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What is it the word means?

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Every block is supposed to generate a hash value, and the nonce is the parameter that is used to generate that hash value. The reward for each miner in the mining pool is calculated based on individual share difficulty and share time in the pool. Blockchain is a public distributed ledger in which transactions are recorded in chronological order. No ASIC vendor endorsement. Mining pools are operated by third parties and coordinate groups of miners.