How is Bitcoin generated

How is Bitcoin generated?

The term mining is used for the Bitcoin production phase. In fact, you can think of what is called mining as a game of chance that you play on your computer, or searching for a needle made of numbers in a hay pile of numbers. Assume that each search move you make is directly proportional to your processing power. So the more processor power you put into this, the more likely you are to find a needle in a haystack.

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  1. So the more processor power you put into this, the more likely you are to find a needle in a haystack.

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