What is Bitcoin Mining?

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. This is an introduction to the concept of bitcoin mining – the process of verifying transactions on the bitcoin network. I wanted to publish the first series of posts about the current Bitcoin mining environment, but that seems like it would be fairly challenging to do without first doing an overview of what mining is. I’ll try and keep this as short as possible, but it’s definitely the most complex aspect of the bitcoin system. This is the second part in a 4 part series …