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ELI5: bitcoin mining (xpost in ELI5). Ok so I've seen several places where bitcoin has been explained, but there is one thing about it that always seems kinda.
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ELI5 How does Bitcoin work? I tried to make an account a while ago, got really confused. How are you supposed to create.
Every post I saw explained Bitcoin mining simply by saying "computers do math ( hurr durr)". Can someone please give me a concrete example of such a.
ELI5: Bitcoins. I don't even know how to ask the question. What are they? What purpose do they serve? Am I better off just not even knowing?! EDIT: It looks like .
ELI5: Bitcoin is internet money. Bitcoin is made by special computers that solve hard math problems. Anyone can use Bitcoin as long as they have a computer or .
What is bitcoin mining? Why are ASIC and GPU or video cards used instead of a more general purpose CPU? What is block chain? and how is it used.