What do you say when people ask you, “what is bitcoin mining?”
Discussion
it's like a room full of people competing to solve a Sudoku puzzle. the first person who solves the puzzle gets a prize after the teacher verifies they solved it correctly.
I have never succeeded explaining it to normies. People don't have the attention span or patients. That's why they are normies.
Miners help to process transactions on the network. That’s about as simple as it you could make it.
Turning mostly green energy into the hardest money ever invented by mining Hardware solving extremy compicated math calculations.
When a miner finds a block he gets rewarded with Bitcoin. Blocks contain transactions made by Bitcoin user and while those Blocks are getting mined the transaction will be verified and integrated into the blockchain which will save all transactions ever made so all user can see this transaction.
It’s akin to brute-forcing. Mining is rapid-fire guessing using as much energy as possible.
Calculations designed to generate money with logical value
I tell them it's similar to printing your own money but without the hyper inflation of the central bankers.
Side note, it feels good to print your own money.