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Originally Posted by tophcfa
Please explain, how is something that doesn’t physically exist get mined? I get mining materials such as metals from the earth, but not a digital entry?
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They do it for the same reason that bitcoin is graphically depicted as a coin made of gold. To create the illusion that is a rare precious asset that has intrinsic value.
It does have some real world uses but they are not exclusive to bitcoin. That is why altcoins market cap is about the same as Bitcoins.