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Bitcoin Mining Consumes More Electricity A Year Than Ireland Bitcoin The Guardian from i.guim.co.uk
With bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. It exists so that every transaction can be confirmed, and every single user of the network can access this ledger. The bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen.
Miners provide security and confirm bitcoin transactions.
With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government. Miners are paid rewards for their service every 10. Other pools have over 0.30% rejected shares.
