Bitcoins are some special numbers that are very hard to calculate. The main cost of creating new bitcoins is the electricity your computers or specialized calculating machines take to come up with these numbers.
It’s insane levels. Every day more electricity is used to calculate new bitcoins than the entire 45 million people country of Argentina uses.
A simplified view of it is - you spend tremendous amounts of electricity to create these bitcoins and some people are paying for it. The more electricity you spend the more coins you get.
I just used my search engine to see if Bit Coin was, indeed, connected to use of electricity.
It seems there is some connection.
This is great. Now I know why I cannot comprehend BIT COIN, because I never understood electricity.
I’m not a genius...I’m a MORON.