Bitcoin "mining" serves a crucial function to validate and confirm new transactions to the blockchain and to prevent double-spending by bad actors. It is also the way that new bitcoins are introduced into the system. Based on a complex puzzle, the task involves producing proof of work (PoW), which is inherently energy-intensive. This energy, however, is embodied in the value of bitcoins and the Bitcoin system and keeps this decentralized system stable, secure, and trustworthy.
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