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

Anyone can own a computer that mines bitcoins. You just need to run the appropriate software, which you can download from the internet.

Since it’s just a computer program, you can do it anywhere. Large bitcoin mining operations tend to use a lot of electricity so, all other things being equal, it’s a good idea to do it somewhere with cheap power. But it will work (and has the same odds of success) anywhere.

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