<p>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 </p>

CC BY-SA 3.0
2014-01-04T14:09:23.970Z
2014-01-04T14:09:23.970Z
ICE3X
<p>I don't grasp how to the activities are tied together.</p>

<transactions><mining-pools><mining-theory><transaction-verification>
In layman's terms, can anyone explain to me how miners generate Bitcoins and process transactions at the same time?
Capitalism Prevails
# In layman's terms, can anyone explain to me how miners generate Bitcoins and process transactions at the same time?

(Asked by: username_0 on 2014-01-03)

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

**Tags:** transactions, mining-pools, mining-theory, transaction-verification


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## 1 answers

### Answer by username_1 on 2014-01-04. Score: 1

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


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