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Mining is the process by which transactions are verified and new Bitcoins are added onto the blockchain. It works by allocating your devices computational power to solve a cryptographic problem. When a block is mined, it is added to the chain of already mined blocks, hence the term “Blockchain” The metric that illustrates how well miners are performing is called the “hash rate”. The hash rate is the speed at which a computer is completing an operation in the Bitcoin code. A higher hash rate means your mining device is completing more “hashes per second” therefore increasing the chances of solving the next block and receiving the reward.