Exxon Considers Large Expansion Of Project Powering Cryto Miners At Oil Wells, With Normally Wasted Burn-Off Gas

submitted by SoCo from (finance.yahoo.com)

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]Questionable 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Individual computers put in random tries to solve encryption equations. These are used to secure the network, which is a ledger of the transactions. In return, the miners are given a reward for their work effort. Those who hold wallets also hold a copy of this ledger to validate the transactions.