Bitcoin mining is one of the fundamental questions many people have in their life who are in the beginner steps of Bitcoin mining. They have questions regarding Bitcoins security, value and history.
Bitcoin is a cryptocurrency and it is a decentralized digital currency without any bank it can be sent from user to user on the Bitcoin network without the need of any intermediaries.
The mining process of cloud mining consists of collecting the transactions on the network and putting them into a block for the verification. The verification process involves solving of Proof of Work algorithm. The POW algorithm performs arithmetic calculations to verify the block and generate new Bitcoin.