Lesson 6

What is Mining?

How new bitcoins are created

Mining is the process by which new bitcoins are created and transactions are verified. Miners solve complex mathematical problems – whoever finds the solution adds the next block and receives bitcoins as a reward.

This process is called Proof-of-Work. It secures the network: to manipulate the blockchain, an attacker would need to control more than 50% of the computing power – practically impossible.

The block reward halves roughly every four years (the "halving"), making Bitcoin increasingly scarce.

The 2028 halving will reduce the reward further – supply tightens, which historically has often led to price surges.

What is a Wallet?What is an NFT?