As the world’s first and most well-known cryptocurrency, Bitcoin has taken the lead in blockchain technology. Bitcoin mining is how new Bitcoins are created. Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain.
Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
Can I Mine Bitcoin With CPU?
The short answer is yes, you can mine bitcoin with a CPU. However, you’ll need a very powerful one to do so profitably. CPUs are designed to be general purpose devices, which means they’re not very good at any one specific task.
GPUs, on the other hand, are designed specifically for video processing and are much better suited for mining. As a result, it’s not worth it to mine bitcoin with a CPU – you’ll get better results with a GPU.