Virgin Bitcoin: Defined in CryptoCurrency
Virgin bitcoin is an amount of brand new bitcoin created by a computer that was mining.
Mining is a computer process of recording and verifying information on the digital record known as the blockchain.
In bitcoin and other cryptocurrencies, mining also requires computers compete with each other to solve a complicated math problem.
A reward is given to the computer that solved the math problem first and this is known as virgin bitcoin.
A Bitcoin that has been received by a miner as a block reward, and thus has never been “spent” before. There is no benefit to a Bitcoin being a virgin Bitcoin.
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