It is, as Alex puts it, a "race," after all. "Bitcoin mining is processing, verifying and securing the transactions that take place in the Bitcoin network," he explains. "The transactions that take place are bundled together and encrypted. The Bitcoin miners are in a race to verify that these transactions are taking place.
Engadget , Up-close with a Bitcoin mining powerhouse (video), Up-close with a Bitcoin mining powerhouse (video)
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