01.
Hardware preparation
Special hardware equipment is required, namely a mining machine. Use ASIC chips to provide high-performance computing power
02.
Mining software
Guide the miner to perform mining operations and communicate with the Bitcoin network
03.
Mining pool selection
Bitcoin difficulty is very high and independent mining takes a long time to get rewards
04.
Rewards and transaction fees
Miners who successfully mine new blocks will be rewarded with Bitcoins. Additionally, miners receive transaction fees
05.
Solve puzzles
Solve the proof of work by trying random numbers. The first miner to find the answer broadcasts it to the network, and other nodes verify it and add it to the blockchain.
Take Bitcoin as an example
