Bitcoin Mining

Where do Bitcoins come from?

With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government. Bitcoin is mined using custom-built computing systems and miners earn bitcoin in exchange for validating bitcoin transactions by solving a “hash” on the blockchain. These transactions provide security for the bitcoin network, which compensates miners through payment in bitcoin. This provides a smart way to issue the currency and also creates an incentive for more people to mine.