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Mining 1,000,000 Blocks Alone!The development kit is envisioned as having multiple components that would enable increase the accessibility and openness of bitcoin mining. Miners validate new transactions and record them on the global ledger. A new block, containing transactions that occurred since the last block, is �mined� every. Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin's (BTC) public ledger, which is called a blockchain.