To participate in mining, individuals or groups of miners use specialized computer hardware known as mining rigs. These rigs are equipped with powerful processors (CPUs) or graphics cards (GPUs), and in some cases, custom-designed ASICs (Application-Specific Integrated Circuits) optimized for Bitcoin mining.
Once a miner successfully finds a valid solution to the puzzle, they broadcast it to the network, and other nodes verify its validity. If the solution is correct, the new block of transactions is added to the blockchain, and the miner who found the block is rewarded with a certain number of newly created bitcoins, as well as any transaction fees included in the block.
Over time, the difficulty of the proof-of-work puzzles is adjusted to ensure that new blocks are added to the blockchain approximately every 10 minutes on average. This difficulty adjustment is designed to maintain a steady rate of bitcoin creation and to prevent the blockchain from being flooded with blocks too quickly
Once a miner successfully finds a valid solution to the puzzle, they broadcast it to the network, and other nodes verify its validity. If the solution is correct, the new block of transactions is added to the blockchain, and the miner who found the block is rewarded with a certain number of newly created bitcoins, as well as any transaction fees included in the block.
Over time, the difficulty of the proof-of-work puzzles is adjusted to ensure that new blocks are added to the blockchain approximately every 10 minutes on average. This difficulty adjustment is designed to maintain a steady rate of bitcoin creation and to prevent the blockchain from being flooded with blocks too quickly
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