[AZLiberty]

Bitcoins are created out of thin air by running known-to-be-difficult computations on computers. Because the total number of bitcoins (existing + to be mined) is fixed, the system is set up so that you have to do more and more computations to “mine” a bitcoin.

When Bitcoin was invented in 2008, you could mine a bitcoin in a day on an easily available PC. Now you need many thousands of much more powerful computers to mine a bitcoin in a day. These thousands of computers consume enormous amounts of electricity, which is why you might locate them close to a major source, such as 3GD. There are rumors that there are multiple nuclear under 3GD in addition to the hydroelectric power.

[Cletus.D.Yokel]

:: Bitcoins are created out of thin air by running known-to-be-difficult computations on computers. Because the total number of bitcoins (existing + to be mined) is fixed ::

The former puts the lie to the latter.

[peteypupperdoo]

Bitcoins are created out of thin air by running known-to-be-difficult computations on computers.

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That sounds really iffy, sketchy, and weird.

Petey