Bitcoin mining is done by using a network of computers from around the world. The bitcoin mining process can be predominantly defined as the addition of transaction records to the bitcoin's public ledger.
These transactions are done by users in the bitcoin blockchain continuously and recorded in the public registry. A single entity records all transactions.
The Bitcoin ledger known as Bitcoin Blockchain is managed and maintained by several independent entities. It offers unmatched flexibility compared to centralized ledgers. As bitcoin is devoid of any single management authority, there has to be an agreement among users on a common ledger. New transactions are converted into lists called blocks and added to the Blockchain. Gradually, it creates a long list which covers every single transaction that is done in the bitcoin network.
The job of the miners is to confirm the creation of blocks and write them in a ledger. The block gets added to the public ledger which has all recorded transactions. All users can update their individual copies of the transaction ledger as the block is broadcast over the bitcoin network.
It is important to ensure that the Bitcoin Blockchain is never tampered. This responsibility of taking care of Bitcoin Blockchain is of miners.
When the block creation is completed, the miners start solving cryptographic problems in order to add block to the Bitcoin Blockchain. A specific formula is applied to the information provided in the block that converts the data into a random series of letters and numbers called the cryptographic hash function. The hash associated with each block must deal with a specific restriction as provided in the formula
