Bitcoin mining is the process by which Bitcoin network participants achieve agreement on the next block of transactions to be added to the Bitcoin blockchain. For each new block, a group of users known as "miners" compete to solve a cryptographic challenge. The first miner to solve the problem gets to offer the fresh block of transactions to the entire network. The successful miner of the block receives newly minted bitcoin as a prize. As a result, mining is also the process by which new bitcoin are added to the system.

Bitcoin mining is the process through which new bitcoins are created and transactions are verified on the Bitcoin network. Miners use powerful computers to solve complex mathematical problems, which validate and secure transactions on the blockchain. This process is called proof-of-work. When a problem is solved, a new block is added to the blockchain, and the miner is rewarded with newly created bitcoins and transaction fees. Bitcoin mining requires substantial computational power and energy, as the difficulty of the problems increases over time. It plays a crucial role in maintaining the decentralized nature of the Bitcoin network, ensuring that no single entity can control the blockchain. Successful mining requires both technical expertise and significant investment in hardware.