@MrGoat So when they mine for a bit it a number a specific number have I got that right?So What was the first bit number?Why don’t they just have a formula to the next one?I don’t get the mining part ?
@Oldguyaz The result of bitcoin mining is twofold. First, when computers solve these complex math problems on the bitcoin network, they produce new bitcoin (not unlike when a mining operation extracts gold from the ground). And second, by solving computational math problems, bitcoin miners make the bitcoin payment network trustworthy and secure by verifying its transaction information.
@MrGoat so I guess it’s more complicated than say a+ b x c = the number !How long or large is a bit coin number just curious !Had 3/4 of a bit but have sold off as it went up Think I have 3/10 now and am holding !Have one ETH and 300 Cardano that I bought low so am happy so far!But really don’t know what I’m doing kind of a game!This month I’m doing cheap drone stocks !Last month did Fisker XPEV F and added to my SOLO which I’ve had a long time!Because they broke ground on a new plant here !
@Oldguyaz crypto is hard to explain, i would just read about it and how it works, coinbase actually explains some of the coins pretty well along with rewarding you with some free coins.