I understand that it’s computers but who owns these computers and can you mine for bitcoins in any location or are certain locations better than others.
In: Technology
There’s this super complicated math problem that has a lot of possible answers that make the equation work. But the thing about this equation is that it’s so complicated that you can’t really solve for it. You just gotta try random numbers and see if it works.
That’s what these “miners” are doing. They’re solving this equation and whoever finds a new working answer is the one who gets the coin
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