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What is Bitcoin Mining? (In Plain English)Mining is the process where nodes in the Bitcoin Network assemble newly broadcast Bitcoin Transactions into a data structure called a block. An ASIC Bitcoin miner is designed exclusively for the purpose of mining bitcoin. BitcoinWiki project since All cryptocurrencies � Terms of Use. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a.