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Bitcoin Mining Explained! How New Bitcoins are Created!The short answer is that no more bitcoins can be created. This means that the supply of Bitcoin will be fixed at 21 million, and the value of Bitcoin will be. Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the. There will never be more than 21 million bitcoin. This limit, known as the hard cap, is encoded in Bitcoin's source code and enforced by nodes on the network.