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Inside the $50,000,000 Bitcoin MineWhat is Bitcoin mining? The process of minting new bitcoins is in some ways similar to the process of extracting precious metals from the earth. For this reason. Bitcoin mining is the process by which transactions are verified on the blockchain. It is also the way new bitcoins are entered into circulation. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web news with analysis, video and live price updates.