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How I Earn $11,000 a Month Doing Nothing (Crypto)Bitcoin mining refers to the process of digitally adding transaction records to the blockchain, which is a publicly distributed ledger. Cryptocurrency mining is the way that proof-of-work cryptocurrencies validate transactions and mint new coins. It was the first method used that. Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin's (BTC) public ledger, which is called a blockchain.