What is Bitcoin Mining?The purpose of bitcoin mining is to approve transactions by adding them to the blockchain. At its core, Bitcoin mining is a guessing game. Here is a simplified version. You tell a friend: Guess a number between 1 and 10.They guess 7They were rightThey get a prizeWhen you mine Bitcoin..You have to guess a very LARGE numberThe prize is 6.25 Bitcoin (~$250k)This large number can vary. But it is on the order of many many zeroes. Note: Bitcoin has an auto difficulty adjuster...