Can anyone explain this in a simple non technical way? I tried searching online and couldn't really understand how it is explained.
It doesn't make any sense to me. Sounds like although it is time consuming and difficult but still you can "create" the money by investing in some expensive computing equipment. Almost like buying sophisticated printing equipment to make counterfeit money. Except in this case, the virtual money you create is legitimate. So if everybody can just create money, then that would lead to hyperinflation and the virtual currency becoming worthless, right?