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  • In cryptocurrency, mining is the process of managing the blockchain. 
  • Understanding ASIC Miners

    KEY TAKEAWAYS

    There are no physical “coins” in bitcoin, only balances kept on a public ledger in the cloud, that—along with all bitcoin transactions—is verified by a massive amount of computing power. Bitcoin is backed by millions of ASICs around the world called “miners.” By mining bitcoin, you can earn cryptocurrency without having to put down money for it. It is also the only way to release new bitcoin into circulation.

    Reviewing Bitcoin, Blockchain, and Mining

    Understanding ASIC Miners

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