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But how does bitcoin actually work?Crypto mining serves two purposes�generating new cryptocurrency (what we'd instinctively think of as �mining�) and verifying the legitimacy of cryptocurrency transactions on their blockchain. So, when a Bitcoin miner completes the process of verifying a block of transactions, they get compensated. Mining is what keeps the Bitcoin network running by creating new blocks on the chain and verifying Bitcoin transactions. Transactions are verified by miners. Learn everything you need to know about cryptocurrency, including investing, mining & more.
