And this whole process is called bitcoin mining. So if this process is so simple Then everyone should start generating these 45 lakh and 50 lakh bitcoins with their computers So it is not that easy either. In fact, Satoshi Nakamoto also did what our government used to do. If our government wants, they can print more notes, but they do not do so because they know that if they print notes, then it will only increase inflation, there will be no solution Suppose there is only one bottle of water Rs 10/- left in an area and all the people who want to purchase it have one l lakh rupees, then the cost of that bottle will be 1 lakh rupees. So printing more currency will only increase inflation, there will be no real solution. The real solution will be when the resources will increase. It's the same thing Satoshi Nakamoto did in bitcoin. Satoshi Nakamoto made a rule that only 21 million bitcoins will be generated. And the more people who do bitcoin mining, the less reward will be given as a bitcoin. In 2009 you could generate 200 Bitcoins in 2 to 3 days but today If you want to generate one bitcoin then it will take you more than 150 to 200 years. And it could be even less if bitcoin miners go down. But the number of miners is not decreasing, They are increasing day by day. The faster your computer works, the faster you can generate bitcoin. Earlier people used normal computers. But to generate bitcoin faster people use GPU and then when all people started using GPU for bitcoin people started using FPGA and today only to generate bitcoin ASIC hardware has came and their job is mining bitcoins and they are very fast. The bitcoin mining craze has become much less competitive than it used to be. because the competition is very high so the configuration of hardware also So its cost has increased a lot.
And it is taking too long to generate Bitcoin If you look at electricity, it is not as feasible as it was before and its price fluctuates a lot, so many things depend on it too. If you want to check for yourself whether bitcoin mining is profitable or not, then there is a lot of software, you can put all your details in it, you will know. If you are interested in bitcoin, then you can do 3 things in it, First, you can make transactions in it. Second, you can generate bitcoin in this which we have already discussed. Third, you can also trade in bitcoin, which is like normal trading bitcoin is also traded in the same way as in the stock market, people buy at less and try to sell it at a high price. The most important thing if you are daydreaming of becoming rich overnight then you will surely endure loss. But yes, if you invest smartly, you can earn from it.