This question already has an answer here:

I don't grasp how to the activities are tied together.

marked as duplicate by Murch, Salvador Dali, D.H. - bitcoin.se Jan 4 '14 at 20:57

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.


miners are like accountants that do accounting for a business. they run the software that does the maths to "verify" transactions are valid. these accountants (miners) are rewarded for their time / effort in creating new ledger pages (blocks in the blockchain), which they in turn need to verify transactions

Not the answer you're looking for? Browse other questions tagged or ask your own question.