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BITCOIN READY FOR 50k!! EP 1154Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized network. New. Bitcoin is mined by solving complex mathematical puzzles using a mining rig, a powerful computer that can create thousands of random strings. Bitcoin is currently used more as a store of value and less as a medium of exchange or unit of account. It is mostly seen as an investment and has been.