Bitcoin mining is the process by which new bitcoins are created and transactions are verified on the Bitcoin network. Miners use specialized software and hardware to perform complex mathematical calculations to solve a cryptographic puzzle called a "hash." When a miner successfully solves a hash, they are rewarded with a certain number of bitcoins and the transaction is verified and added to the blockchain, a public ledger of all bitcoin transactions. As more miners join the network and the difficulty of the puzzles increases, the reward for solving a puzzle decreases. Bitcoin mining also serves the purpose of ensuring network decentralization and security by making it difficult for any one person or group to control a majority of the mining power on the network.

Bitcoin mining is the process by which new bitcoins are created and transactions are verified on the Bitcoin network. It involves solving complex mathematical problems, known as proof of work, using powerful computers. Miners compete to solve these puzzles, and the first to do so adds a new block of transactions to the blockchain, the decentralized ledger that records all Bitcoin transactions. In return, the successful miner is rewarded with newly minted bitcoins and transaction fees. This process is energy-intensive and requires specialized hardware, like ASICs (Application-Specific Integrated Circuits). Mining also ensures the security of the Bitcoin network by making it difficult and costly to alter transaction data, maintaining the integrity of the blockchain.