• oldfogie replied to the topic Bitcoin: does anyone get it?? in the forum Chit Chat 5 years ago

    @jaz Think of mining as a code cracking ‘game’.

    A person whose identity is not known set up a software ‘game’ called a Bitcoin Mine.

    Its fiendishly complicated code, and it adjusts itself to how many coins are being successfully ‘mined’, so it only allows a certain number to be ‘mined’ in a given time. So as more people mine, it gets harder to…[Read more]