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Bitcoin (BTC) mining is the process of verifying transactions on the Bitcoin network and introducing new bitcoins into circulation. As of July 2024, approximately 19.5 million bitcoins were already in circulation. However, Bitcoin was designed with a maximum supply of 21 million coins, meaning the ...

Bitcoin is mined using specialized mining hardware, most commonly ASIC miners, designed to perform the SHA-256 mining algorithm with maximum efficiency. SHA-256 is a cryptographic hashing algorithm that secures the Bitcoin network. It converts data into a unique digital fingerprint, making it virtu...