Bitcoin mining has become a global industry, but many people are still confused about what it is, how to participate, and whether it can be profitable. Especially since many wonder if individuals still have a chance to earn BTC through mining. This article will provide a comprehensive overview of Bitcoin mining, from basic concepts to cost analysis, to reveal the true nature of this industry. Unveiling Bitcoin Mining: How Miners Create Value for the Network The core definition of Bitcoin mining is simple: miners use specialized hardware (mining rigs) to perform complex calculations, helping the Bitcoin network record transactions and earn BTC as a reward. In this process, "miners" refer to individuals or companies operating mining rigs, while "mining rigs" are the hardware devices performing the computations. Although it's called "mining," the actual work miners do is maintaining the ledger—each Bitcoin transaction needs to be recorded and verified, and mining is the automated process of completing this work. Let's use a simple example to