What is Bitcoin Mining? (In Plain English)

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Information What is Bitcoin Mining? (In Plain English)

Title	:	What is Bitcoin Mining? (In Plain English)
Lasting	:	16.01
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Views	:	3,6 jt

😊 so you should mine using solar power that's what I heard brTime to go get me like 20 solar panels and set up a mining rig 13:20
Comment from : PSway Beats

Thank you very much for the good information you have given us so quickly and honestly I will reap the rewards
Comment from : Mleading channel

So bitcoin is a computer game, and the richest kid with the most powerful equipment will become the richest person?
Comment from : Katya Loban

So, a likely Buddha worshipper came up with a sophisticated or rather confusing total BS "coin" and it got off the ground? People in America are happy with real coinsbrI hope it all fails soon
Comment from : Patrick McGuire

Thanks for the alert ⚠️ on Web mining
Comment from : Smart Dean

I don't know why you are not in a position to explain things better ! Who generates the random number required ? What is the relationship between the generated number and the transactions pending ?
Comment from : KIRWA KELVIN KERING

Thank you for all your guidance! It's amazing boost in the investment theme
Comment from : Robert Weaver

Is one able to transfer the value of a trade to the US dollar and bank it?
Comment from : Jody R Hill

My head hurts 😂
Comment from : Abdul

Interesting video, but can you also discuss about wealth management companies? This is a recognised phenomena and there are companies (and even individuals) that help invest and manage generational wealth Some also organise get togethers, and social events for the family These types of trusts and corps for the super wealthy would make an interesting video
Comment from : Uncle Comeanden

Wow thanks
Comment from : Bae Avril

Another outstanding informative video on Bitcoin Great presentation
Comment from : roger kelly

Make money solving math problems? I don’t understand why that’s making money is it solving a real world problem? Is there really that many unsolved math problems? And just guess to make money that’s turning doing nothing into currency? What are we really trading at that point?
Comment from : Dwight Ross

Thank you very much Educative to me Thank you for your efforts
Comment from : vramarathnam

1:38 into this video and I’m already lost
Comment from : 2WD

Thanks 🙏
Comment from : Thimm eE

This video makes me to understand it better thanks a lot 🙏
Comment from : Cheque Blinks

Isnt happy with the food
Comment from : ชนัญชิดา คาประโคน

Finally someone that will take criticism and help save their failing restaurant
Comment from : Van saj Ban

This is hilarious
Comment from : Hòa Bạch

This all sounds like a fever dream
Comment from : MikeCheckBiloxi

How can I invest
Comment from : Salvation Enoch

Crypto is bringing a different revolution in the world economy, people who are optimistic investors earn consistently, others will just sit and watch!
Comment from : Thomas Mark

Isnt open every days
Comment from : phuc87 do

I will love to learn BtC mining
Comment from : Mac Graige

Great video! but, what happens once all the bitcoins have been mined in 2140? I am I right assuming that the miners and node guys will no longer have an incentive to keep up being the bankers of the system?
Comment from : La mente inglesa

My Italian friend literally went ballistic when he sees that "italian chef" boiling his meatball
Comment from : Sâm Đình

Truly one of the moment of all times
Comment from : เด เด

Always fighting the customers
Comment from : Đinhsanh Tran

Bots: “I love how he never disappoints us with his content”
Comment from : Thắm Đặng

Bro I loved this video SO MUCH I really hope you do more
Comment from : จริยา จริยา

Watching Gordon destroy people both logically and emotionally is always one of the best experiences
Comment from : Hoai Nguyen

Plain English you say?
Comment from : S Ths

Sounds like gambling but more boring
Comment from : SivSama

I’m petahashing
Comment from : B S

Great
Comment from : Benfizema david

The god's preaching for Bitcoin mining starters Thanks for the energy devoted to making this precious video
Comment from : Yifei Zhao

The difficulty adjustment is so freaking genius
Comment from : Shem Doupe

I looked this up because I wanted to know if it was strictly illegal because so many criminals use bitcoins to buy and sell drugs, so they mine coins for that purpose But now you're telling me it's a legit thing you can do for random payments? It's a digital scratch ticket at the expense of computing power and electricity?
Comment from : TheInstinctWithin

How do you withdraw your bitcoin bonus?
Comment from : Hakai Sio

hey
Comment from : Edewor Jefferson

Legend Thanks
Comment from : YU_DRUK

I get a lot of email of Bitcoin mining why I don’t understand
Comment from : Sophie Paradis

Bottom line is still based on the golden rule - in other words - those who own the gold dictate the rules That is, the wealthier you are the better the chance you can be a miner and the more miners you can ownbrbrSo where does the distribution of wealth come in 😁🤣😂🤣😂
Comment from : Carlos De Sousa

Hello 👋
Comment from : Musa Onuh

35 million views and only two comments
Comment from : TrisontrailerXSpookyaksonYT

Lol I feel stupid
Comment from : jasper van de Work

This video explains everything so clear, thanks a lot!❤
Comment from : Lodewijk van der Ham

I wish I can mine bitcoin but I’m only 14 haha :( [I only have SWEAT]
Comment from : FKMania

North Korea provides new Bitcoins en mass The North Koreans use an entire hydro electric power station to dominate bitcoin production Fat Boy supports his degenerate regime and buys nuclear arms with the proceeds Just an ongoing cycle of pump and dump
Comment from : Go Grape

Wild
Comment from : iHadesx

okay
Comment from : BS DÜNYASI

You guys talk about “solving the problem”, is it a math problem that can actually be solved but is too hard for computers, or just a random number?
Comment from : DANS

Wait, huh,, What? I'm lost oy vey 🥴
Comment from : Angie Benedek

Good video
Comment from : Μιχαήλ μακρύς

I now have more questions than before
Comment from : migueluspa

Where does it come from in the first place? Sorry I’m basically a child in regards to this stuff
Comment from : Wanghaf_Gl0yper

Look at this guy, somewhere a used Car sales lot is missing one of its workers
Comment from : Mrnobody Theuser

They also F the gaming community by scalping graphics cards
Comment from : Pyro Gaming Hound

aha! - so, 'bitcoin mining' is mining for bitcoinr-i-i-ight
Comment from : johnson johns

what about that miners that found disturbing videos of minors suddenly on their computers? Where you download parts of the videos in the ledger?
Comment from : OrcBeGone

wow, i actually understand this, nice vid
Comment from : PlatanOsO

i understand it now, thanks to you
Comment from : Akkir

Spoiler Alert: You fools are caught up in an fn video game, tossing actual money into a box hoping Super Mario dispenses some of his candy coins to you in exchange
Comment from : John

8:24brThat's not the only thing that's gonna happen in 2020
Comment from : McNultys Sober Companion

cryptocurrency is a virtual currency created by computers Such a joke why do people believe? just because some people wanna make money from it?
Comment from : Yan Jiang

So, I guess a number and by this I create a value?
Comment from : IoannisX

You’re so legit
Comment from : Joseph Thomas

All I have to say is thank you 🙏 for the feedback
Comment from : Robert Banks

Wow I can’t imagine I can ever get a legit platform!!
Comment from : Richard Charles

The problem for me is this: In all the videos I've seen for beginners, this being no exception, what is explained is the overall bconcept/b of Bitcoin - how it is decentralised etc I have no trouble understanding the benefits - the concept I have trouble understanding how to actually interact with Bitcoin onlineat its simplest, which buttons to press and in what order!! - "This is what you DO"!!
Comment from : Jack De Wonderful

Great video I now understand the mining part of this What I don't understand is who/what creates the hash to be solved? Assuming that is a person/computer, what stops the creator of the hash from supplying the answer immediately since if they created it, they know the answer already?
Comment from : Chuck Fitzpatrick

Thanks for explanation at first, blockchain technology seem pretty geniusbut when the more I understand about mining, the whole thing is counter-intuitive And the statement that it is more efficient than current banking systems is outright ridiculous
Comment from : nyeint nyeint

Not that I personally care, but U say the last 2 almIT QSTNs will Dtermin if mIning is worth it, thN U forgot 2 say wat they were… funE(lys2pid that is)👋😒
Comment from : 3Es

basically what calculation that involved in mining
Comment from : EGK20

This has got to be for savient people
Comment from : Rich

Plain English my eye
Comment from : moisturised gnome

God! I'd rather stay poor! and live on what I have! This is like being locked in school with the most boring maths teacher! Just stay poor and content at least you have your sanity!
Comment from : Terminator P

I hav free electricity in west Africa, anyone thinking outside the box with me 😅😂
Comment from : Hayford Somuah

Excellent explanation! Now, instead of walking away from bitcoin, I'm RUNNING horrible idea I'll never be drunk enough to believe in this fake stuff, this grand hoax
Comment from : Vernon Spady

Thanks for the advice
Comment from : North Streets

Someone is currently trying to recruit me to be a Bitcoin minerbrbrAny adviceI’m new to all this
Comment from : Gzz

Ok
Comment from : Sebs FinTech Channel

so what is the problem than needs to be guessed right ? that part was glossed over
Comment from : Debra Salish

All that electricity used to accumulate a coin that does not exist does not sound "efficient" by any definition of the word These crypto currencies are without a doubt the most environmentally destructive product ever devised by man
Comment from : Nick V

03:13 "Now that you know what bitcoin mining is" Me: I think i just had a stroke!
Comment from : trixysvinyl music for djs

Ive watched many videos but this video explains so good and i actually understood all the stuffbrGood work❤️
Comment from : neuro

Still don’t understand Need real life examples done in other things in order to relate it to bitcoins
Comment from : k tara

Swear people TRY make the shit hard to understand
Comment from : bigballsakks20

Can you please talk about core dao We will appreciate and I will appreciate more Thank you
Comment from : Salaudeen Olalekan

Interesting
Comment from : Chad Reddings

these last comments are scams
Comment from : Sparky Winkler

How do you know your Bitcoin account number
Comment from : Marvelpraise_fx

Well for someone who is a miner, that was a very thorough explanation
Comment from : Dimitry Frederique

An excellent explanation of mining However I have a question If bitcoins are limited to, I believe 21,000,000 coins, what happens once all of those coins have been mined? Surely there will be no incentive for miners to keep going and thus the block chain falls apart
Comment from : E Coleman TLPSS