Owk I am quite excited about this right now coz you just made reference to something I had always wanted to ask but didn't find the right person or right time to ask until now.
you either had to invest your fiat money or spend a lot of electricity and wear-and-tear on your GPU's to mine them.
I have seen in one of. @surfyogi's post where he made mention of using lots of electricity to mine bitcoin back then and infact, the untiliy providers had to question him because they felt he was using much more electricity than required for those living in that area. And I also saw in one of @taskmaster4450's post some time ago where he talked about the movement of a bitcoin mining plant to Malta or something like that because those in the town were complaining of the excessive use of electricity by the plant (don't know if I am using the right terms here coz I am quite confused about this).
Now my question is, when one talks about mining crypto or bitcoin using electricity, what does it actually mean? How is that possible? What are GPUs? I am new to crypto and infact steemit opened my eyes to the world of crypto so these things tend to get me confused when I hear about them on the blockchain...
GPUs are graphic processing units,simply grabhic cards which are used for gaming and graphic designing work,cgi, animation etc and coin mining is still a mystery for me too.would love a reply. How electricity is related hmm i am not sure but i think because of the amount of electricity powerful gpus uses and the cooling system it requires, the pc needs to be a beast to handle coin mining,its not the job of a daily ordinary pcs.