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Bitcoin mining is a process that adds transactions to the blockchain and mints new Bitcoin. It involves solving complex mathematical problems using powerful, specialized computer hardware. There was a time in history when it was reasonable to mine bitcoin from your own home, but as the computational hardware requirements have grown, most people entering the space will typically join a mining pool, which is a group of miners pooling resources for greater efficiency. Miners utilize hardware—often Application-Specific Integrated Circuits (ASICs)—to solve these problems. This process is competitive; the first to solve the problem adds the next block to the blockchain and receives a Bitcoin reward.