How are Bitcoins created?

New Bitcoins are produced by the network via the procedure known as mining. The actual process of mining is essentially a race to solve complex mathematical equations, where mining nodes or computer systems function to resolve formulas on the network. Bitcoins are granted each time a node locates the solution to a particular mathematical issue thus implementing a brand-new block. Producing a block is evidence of work with a difficulty that differs in relation to the strength of the network. In other words the equations get easier or harder thus controlling the amount of coins created. While this sounds very technical, the process can be done with the use of a home computer. See, “What is Mining?”

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