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What is Bitcoin mining and how does it work?

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Summary
Nutrition label

70% Informative

Bitcoin is a cryptocurrency that’s gained a wide following due to its wild price swings and surging value since it was first created in 2009 .

Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency.

When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin.

VR Score

62

Informative language

53

Neutral language

52

Article tone

informal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

Source diversity

1

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