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How to mine bitcoins you ask? When a “block” of transactions is created, bitcoin miners initiate a process that confirms its accuracy. They take this block and apply a mathematical formula, turning that initial sequence into something much shorter. The outcome is a more compact sequence and truncated patterns of letters and numbers that is also called a “hash.” Each new block is produced using the hash of the block before it. This is one way the accuracy of the block is confirmed. This process creates a “wax seal,” which says this block and the one before it is accurate. Let’s say you decided to tamper with the block. If so, everyone would know instantly because of this process – and it would be spotted as a fake. Here is a quick breakdown of the mining process.
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