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How I make money mining bitcoinsA significant move of over 1, bitcoins from an early miner during the �Satoshi era� has occurred, marking a rare event. The bitcoins, mined. Bitcoin mining is the process by which transactions are verified on the blockchain. It is also the way new bitcoins are entered into circulation. The cost of mining one Bitcoin will rise to $40, after the next halving; Miners are becoming more sophisticated with their power costs.