Bitcoin mining is an integral part of the cryptocurrency’s infrastructure. The operation helps process transactions, creates new bitcoins and submits the validated transactions to the publicized and immutable distributed ledger.
Currently, the network’s hashrate is running at a phenomenal 3,418,031,852 GH/s, strengthening the bitcoin architecture more so each and every day. But many newcomers hearing about bitcoin for the first time wonder, How does bitcoin mining actually work?