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Inside the Largest Bitcoin Mine in The U.S. - WIRED1. Bitcoin Mining is Like Solving a Rubik's Cube Imagine a world where solving Rubik's cubes released tiny bits of gold. That's quite honestly. This analogy is based on proof-of-work mining which originated with the launch of bitcoin. The idea is that the energy computers expended. Bitcoin mining is the process by which transactions are verified on the blockchain. It is also the way new bitcoins are entered into circulation.
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