Today in “Oh! NOW I Get It!” Entry #1

“Crypto miners compete with one another the world over to generate the computer code that results in the production of a single bitcoin, and the algorithm that governs bitcoin’s production allows only 6.25 bitcoin to be produced every 10 minutes, among the perhaps 70,000 crypto mines that operate around the world. If you’re not able to generate the code, but your rivals can, you are out of luck.”

https://www.washingtonpost.com/technology/2021/07/08/bitcoin-mining-texas-electricity/

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