Although numerous cryptocurrencies were available in 2024, the first cryptocurrency, Bitcoin, is still the best-known cryptocurrency, according to a Forbes survey conducted in the UK. In fact, many people equate cryptocurrency to Bitcoin. The survey further emphasized that around 67% of people agree that cryptocurrency is a legitimate investment.

The increased popularity of Bitcoin has attracted many people not only to Bitcoin investment but also to Bitcoin mining. Moreover, Bitcoin uses the Proof of Work (PoW) based algorithm, SHA-256, aiding secure and transparent transactions. Users prefer Bitcoin for its enhanced security, transparency, and decentralization.

So, what exactly is Bitcoin mining? How it works? How profitable is Bitcoin mining? Get these and many more questions regarding Bitcoin mining answered with this detailed Bitcoin mining guide.

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