Could someone ELI5 the idea of mining for bitcoin even though someone “created it”?

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So, someone made bitcoin. But people have to mine them by breaking complex math problems. Where do those math problems come from? Who is the one granting out the bitcoin for solving the problems? Why can't someone just program some more bitcoins into their online wallet?

submitted by /u/noahfischel
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

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Ticker

1 BTC = $35501.26 USD  (via Coinbase)
1 ETH = $1371.83 USD  (via Coinbase)
1 LTC = $151.71 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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