Bitcoin miners spend thousands on rigs because they earn Bitcoin every 10-15 minutes. A miner paying $100 daily in electricity might generate $200 in Bitcoin rewards, turning mining into a profitable cash-flow business. Thousands of small farms worldwide do this at scale.
So it's the same thing with the computer miners. So the computer miners, the reason why they spend $5,000 on a computer miner is because they have an opportunity to make a certain amount of Bitcoin every 10 to 15 minutes. It's a form of cash flow. So they're literally getting cash flow. And so what they're doing, these Bitcoin miners, is let's say they're spending $100 a day on electricity. They're spending $100 a day on electricity running these mining farms. It's a small mining farm. Usually they're spending a lot more than that, but let's say they're spending $100 a day. Well, they're probably making $200 a day in Bitcoin rewards, so it's like a cash flow business. So you have all these computers all over the world with a whole bunch of hashing power all just mining Bitcoin, and so that's essentially how it works.
