How does Bitcoin Mining work?

How does Bitcoin Mining work?

Bitcoin mining

Bitcoin mining is a process in which computing power is provided for the transaction processing, protection and synchronization of all users on the network. The Mining is a kind of decentralized Bitcoin data center with miners from all countries. No single person has control over the network. This process is called "mining" in the same way as gold mining. Unlike bitchecking, bitcoin mining provides a reward for useful services. The payment of the respective bitcoin shares is based on the available computing capacity.

In traditional Fiat currency systems, governments, if needed, simply print more and more money. At Bitcoin, on the other hand, no money is printed - it is "scourged" itself or in the cloud (cloudmining). Around the world, computer calculators (calculates) bitbit and compete with each other.

How does Bitcoin-Mining work?
How does Cloudmining work?
Which Bitcoin-Mining (Hardware) is required?
Which software is recommended?
What Bitcoin Mining Pool is there?
How does Bitcoin Mining work?

People transfer around the clock Bitcoins over the Bitcoin network, but even if all transactions are recorded, no one would be able to see who paid what.

The Bitcoin network does this by collecting all the transactions of a certain period of time and putting them together in a list - the so-called block. It is the job of the prospector (Miner) to confirm these transactions and to enter them in a "account book". He is paid for this in bitcoin (the bitcoin transaction fee).