Before we get to the nuts and bolts of Bitcoin mining, let’s begin by understanding what Bitcoin mining is all about. First, where do new Bitcoins come from? Are Bitcoins minted by the central banks? Obviously no, Bitcoin operates in a decentralized network with no central authority at play.
Bitcoin mining is less popular now than it was two years ago, and this can be traced to the long run of poor pricing. However, crypto enthusiasts have kept faith with the market and until now. The recent surge in bitcoin price coupled with some industry expectations that it will keep rising is a bright spot.