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To ensure the blockchain functions smoothly and can process and verify transactions, the Bitcoin network aims to have one block produced every 10 minutes or so. Mining solves these problems by making it extremely expensive and resource-intensive to try to do one of these things or otherwise "hack" the network. It may also be a good idea to research your country's regulatory stance and overall sentiment toward cryptocurrency before investing in mining equipment. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. The 1MB limit was set by the creators.
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