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[REPLAY] Deep Dive Special: What is Bitcoin Mining?
1. Executive SummaryBitcoin mining is the fundamental process that secures the Bitcoin network, verifies transactions, and introduces new bitcoins into circulation. What began as a "niche pursuit for cryptography enthusiasts" has transformed into a "multi-billion dollar industrial sector." This transformation is driven by the Proof-of-Work (PoW) consensus mechanism, which requires the "continuous expenditure of computational energy" to maintain the network's integrity. The evolution of mining hardware, from CPUs to specialized ASICs, and the parallel shift from individual hobbyists to…
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