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So I've been trying to learn about bitcoin, I'm a kid. It is really confusing. Is BitCoin basically a game since you solve math equations for money? And also, do the math equations do anything or are they just random and because you solve them, you get a reward for your intelligence?

marked as duplicate by Murch May 31 '17 at 20:52

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Yes, its kinda like solving really hard math equations.

Mostly done by specificaly made machines like this one: Antminer S9

But this video explains it all https://www.youtube.com/watch?v=GmOzih6I1zs

The solving process is called "mining". It's useful to make creating blocks with transactions hard and that makes it hard to spend Bitcoins that were already spent.

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