Eli5: how does one mine for bitcoins.

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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.

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13 Answers

Anonymous 0 Comments

A vast oversimplification is it’s doing math on a computer.

It can be your computer or a network of a bunch them.

Any location where a computer can connect to the internet works. It’s energy intensive to have a bunch of computers so generally somewhere with cheap electricity works best but it’s possible to do anywhere.

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