HOW BITCOIN MINING WORKS?
BITCOIN ARE MINED FROM BLOCKS. USERS NEEDS TO MAKE A NEW BLOCK WHICH ARE THE PART OF BLOCKCHAIN.
BLOCKS CONSIST COMPLEX MATHEMATICAL CODE.
HASHCODES LINKS THE BLOCKS TOGETHER.
MINERS NEEDS NEW HASH TO MAKE A NEW BLOCK AS PER THE REQUIRMENT.
UNTIL A MINERS FINDS THE APPROPRIATE HASH THIS WORKS AS A PROCESS OF TRIAL AND ERROR.
MINERS NEEEDS TO SOLVE THE MATHEMATICAL PROBLEM WHICH IS CALLED AS A PROOF OF WORK PROBELM.
AT PRESENT EACH ONE CONTAIN 12.5 BITCOINS WHICH GETS GETS HALVED EVERY FOUR YEARS TO REDUCE THE RATE AT WHICH THEY ARE MINED.
ONCE THE PROBELM HAS BEEN SLOVED THE BITCOIN ARE TRANSFRED TO THE MINER'S UNIQUE ADDRESS.
THEY CAN THEN MAKE TRANSFRS USING BITCOIN VIA THEIR BITCOIN WALLET.