What math problems are they trying to solve when mining for crypto?

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What kind of math problems are they solving? Is it used for anything? Why are they doing it?

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Anonymous 0 Comments

The other replies are correct, but not really ELI5.

So the short answer is: they run a program that, if you give it a number, it spits out a different, unpredictable number. When that output number matches a third number closely enough, you win. Think of it as guessing lottery numbers.

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