A Relative Study on Bitcoin Mining

Prashant Ankalkoti, Santhosh S G

Abstract


This paper is a study on Bitcoin Mining process. Bitcoin mining is the method of adding transaction records to Bitcoin's community ledger of earlier period transactions or blockchain. The mining practice is used to confirm and secure transactions. This method is organized as a speed game among persons or firms – the miners – with diverse computational powers to solve a mathematical difficulty, bring a proof of work, extend their solution and attain agreement among the Bitcoin network nodes with it.


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