Phrases with «new bitcoins»

"New bitcoins" refer to the currency units that are created and added to the existing supply of bitcoins. They are produced through a process called mining, where powerful computers solve complex mathematical problems. Once a problem is solved, new bitcoins are generated and awarded to the miner as a reward. These newly created bitcoins increase the overall supply of the digital currency. Full definition

Related phrases

Sentences with «new bitcoins»

  • Just a day after reaching its highest value since its inception, there were many familiar markings of new bitcoin price activity. (coindesk.com)
  • Are you looking to trade in your old bitcoin with its high fees and slow transactions for a brand new bitcoin cash? (cryptotimes.news)
  • Although advanced users want to use new Bitcoin addresses every time (and you still can by advancing the arrow to the next address) new users were confused. (cryptoninjas.net)
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