[M Kehoe]

Good morning.

Please forgive my ignorance, but I have a two part question:
Reference Bitcoin mining: What types of mathematical equations are solved during mining, and who benefits from the solution of the equation (other than the miner)?

Thanks in advance.

5.56mm

[Errant]

Good questions. I'm not sure how much detail you are looking for on the mining question, but here is a link that describes the general process of mining: How bitcoin mining works. The actual code is open source, so you could go find it on the net and examine it for yourself if you or anyone else are so inclined.

Who benefits, is everyone who uses Bitcoin or is involved in making its use possible. Instead of 3+% transactions fees charged by CC companies and etc., the charges become minimal to practically free if you aren't in a hurry to have your transaction processed.