What is Bitcoin Mining? (In Plain English)

[@lonestarr1707]

Ok now I need to find a video that explains this video

[@idkman1195]

@@bashxmlong6707 dont, please dont...

[@bashxmlong6707]

I'm new to this

[@joselolara2980]

😂😂

[@hbrtjtbyyte]

😂😂😂🤣🤣🤣👌🏻👌🏻👌🏻👌🏻👌🏻👌🏻👌🏻

[@adriankasa4339]

😂😂😂

[@sandeepozarde2820]

Quick questions: 1. Why do miners need to solve complex computational math problems? 2. Who create these puzzles? 3. For whom they are solving these maths problem? - it’s like I pay money to buy Pizza, here am solving the puzzle but why? Why puzzle? 4. Creator of puzzle will get what? 5. Is there any intrinsic value attached to crypto currency? or it’s all notional? - we still need fiat currency to buy bitcoins right? like to buy gold you need fiat money - same fiat money is used to buy bitcoins right? then what’s the difference here? it’s like buying a property or gold, now we have digital money, but I cannot buy bitcoins without fiat money.

[@designergoose1938]

Why

[@epicnoodles3633]

All your questions are answered in the video.

[@samsebin7895]

ask from chatgpt xd

[@bigstepperdom3298]

@@epicnoodles3633😂

[@mohammadirfan1311]

Perfect questions. Did you get answer to those?

[@TarunRajput-uo1cj]

Hey ppl, I'm a retired computer/IT person, Yet I still find *sentinel Recover* so informative and straight forward. Thanks for your advise and helping the people...........Great work and love watching.

[@franchic9565]

"It might be more profitable to just buy Bitcoins instead of mining them". My thoughts exactly. Brilliantly explained video about the truth behind the idealistic dreams of gain. Thank you.

[@johnstanley7874]

Watching this in 2024. Bought 2 Bitcoins in 2015 for $250 USD each, paid for a lakers game with 1 bitcoin, couldn't be bothered to use the other.. glad I forgot I had it till 2023,

[@hbspxjihuhcd]

No way bro.😭😭😭🤝🏾

[@noelmorris5137]

Wow Bitcoin is worth 62k you got a chunk of change in your hands

[@miller58_49]

It’s high time you start talking about Btc Cloud Stack

[@jeromedavis8691]

what can an investor make from this service monthly?

[@miller58_49]

$40k monthly max

[@jeromedavis8691]

Oh wow, I am going to get started with them ASAP. I am also new to mining, and this looks much easier through cloud mining than owning physical mining machines.

[@CathieGomez-mp8sk]

Bitcoin is gearing up for a monumental leap to new all- time highs.

[@nicholda436]

Absolutely. It's an exciting time to be in crypto.Strap in and enjoy the journey.

[@MartFrancis]

Bitcoin is the only coin worth investing in long term. Crypto is the future!

[@ErnestoHorner88]

this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??

[@StephenHackle]

Yes grahamconsults

[@SergenYld]

i'm in my fifth trade with him and it has been super.

[@tjedwards4254]

I'll never be sober enough to understand this.

[@SUA37]

😂 funny comment

[@claracummings7959]

Lol

[@lowercaseguy3578]

Then I might be extra special to understand this video . My programming degree paid off

[@TaylorOriginal352]

I feel ya I have no idea I still cannot understand why was this a thing

[@josesosa3045]

your dumbass wont understand this sober if your stupid enough to waste money on drugs xD

[@rosenskietolentino8420]

Now this is probably the best beginner-friendly explanation out there, kudos to your team

[@stonerstation9159]

Buy a computer and software then letting it do its work.

[@AmbroseSinclair-yn8rl]

What is the best strategy to succeed in the market now for someone with more or less than $10k

[@EmmaRodriguez-nf7vq]

Leveraging market changes is a remarkable talent Jared has

[@phoebejung854]

My monthly yield and returns with Jared leaves me speechless

[@AmbroseSinclair-yn8rl]

In what way will someone get hisguidance

[@mrtv6558]

hi​@OliviaPeterson229

[@mrtv6558]

​@helloBenjaminHayes-ok5gn

[@DenzelBraithwaite-LBPSB]

Finally, someone who can explain it without losing me after 30 seconds.

[@Shemdoupe]

The difficulty adjustment is so freaking genius

[@gtbsaraiva]

The whole system is very clever, but the dificulty adjustment system is really a genius idea

[@faizaniqbal1683]

I wish that some day I could talk so politely like him.

[@thomaspick4123]

You can. Practice. Use polite words. Have a calming voice for your audience.

[@maxsobeshchuk8954]

😂

[@Mokong3215]

Hello

[@clyne-automotive8537]

Speak, not talk. Books are a good start.

[@christianfisher1484]

How does this get 374 likes?

[@NancyKWeber-c4x]

I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 7.2Biitcoin to a decent 26.4Biitcoin. At the heart of this evolution is Craig Reeder, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment....

[@NancyKWeber-c4x]

He's mostly on Telegrams, using the user name

[@NancyKWeber-c4x]

CraigReeder

[@TainTsai-x2g]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…

[@ShahShubham-yg4ni]

Well this is not my first time of seeing his name on social platform. I think he's extremely brilliant and lucrative at the same time.

[@bluecirrus4772]

Craig Reeder expertise is widely recognized across the internet.

[@nikopikox]

You have a serious knack for speaking and presentation

[@chriswu9499]

how are you?

[@tebohomofokeng6767]

😂

[@nikkitalbot-jones9633]

RIGHT?! I love the way he explains and speaks. I was kind of blown away by his professionalism.

[@emilyscottmartin553]

I tried listening to what he's saying but it was so well spoken I ended up falling asleep

[@vhawk1951kl]

To which end there is a very simple method

[@quokkapirquish6825]

Should’ve added: “And finally, it may be more profitable to invest in making videos about Bitcoin, or writing stories about Bitcoin and selling shares in the media company you’ve created than mining the Bitcoin itself. Depending on market factors, of course..... The world is turning into the matrix before our very eyes

[@XFTP5150]

Yeah shit is getting 🍌

[@h.n.r_funi3324]

Yeah shit is getting banana'ed

[@karterkloud6531]

Doesn’t sound appealing at all

[@planetkaren4243]

Me : watched the entire video carefully Also me : wait what ?

[@barbarachambers7974]

It's why I will watch 10 times... Or more.

[@nothosaur]

Question: How is a bitcoin created? Answer: When a computer solves a math problem. Question: Who wrote the math problem? Answer: __________________

[@IDK-kv8ob]

For real. If I had more time to care I'd dig deeper but I don't.

[@fullemptiness]

Typically a known and well-designed algorithm, designed specifically to generate a fixed space of random and complex numbers that fit certain criteria, the only way to guess a number is walking through all possible numbers until a number is matched, and due to the complexity of the algorithm, guessing a number with the help of current computers might take years... Think about a password like "Aj&5-7xd?Hop‰>;4*32" How much time needed to guess it given the criteria of the complex password (capital and small letters, symbols, numbers..etc)? It might take years! If you know little math you can read about RSA for example to understand how cryptographic algorithms work in general. * I don't know about cryptocurrency and how it works in detail, so my answer may not be 100% correct with cryptocurrency.

[@nothosaur]

@@fullemptiness So, there is a computer scientist or mathematician out there somewhere who wrote an algorithm that creates a random code number that is very difficult to guess. Does that person have access to the computer that created the random number? If so, then he can access the answer, correct?

[@AllanDavisArt]

Alan Turing has entered the chat

[@fullemptiness]

@@nothosaur no, it's very complex even to the one who created its algorithm.

[@charleslapson5219]

The amount of time we spend believing we can't is more than enough time to learn how you can. - my Brain

[@kelvinkamau7999]

Bars

[@albert_the_cool8092]

@@jasminewolf4519 stfu scammer bish

[@jenniferjoseph9206]

To anyone reading this, remember Rome wasn't built in a day. your hard work will pay off

[@aklh7427]

Aw that’s cute

[@plack628]

Short answer: You can't strat mining bitcoin with your potato Pc Short answer 2: you need powerful gpu etc 4x titan gpu and a lot of electiricity bills Shoer answer 3: It's expensive but rewarding

[@users4007]

short answer 4: “haha gpu price go up”

[@digiexploration530]

are you sure that bitcoin mining is expensive and profitable at the same time? I mean if I invest 1 billion USD now, what will my RoI annually be - this is the most important question here!

[@strnvii]

So practically work a part time job and save that money then investit into a good pc and then start "mining"

[@strnvii]

Ohohooh so the miner apps are just like big corporations hiring employees but they get the cash bcuz they got the equipment

[@plack628]

@@digiexploration530 Who in their right mind is going to invest 1 billion in bitcoins😂. Realstate would be the right move if you have that much to invest

[@athanasiosgalanis5854]

Michael scott: explain it to me like I'm 8 years old: Michael scott: ...... explain it to me like I'm 5 years old

[@katapascott3571]

Do you wanna invest or generate

[@rehpic2606]

yes because Michael Scott is now farming Bitcoin!

[@TowDow3]

explain to me like i 2 old lol

[@gabbishleegifted4752]

“..Your mommy and daddy gave you 2 GPUs from Nvidia specifically designed for mining” ... “next year....” 😂

[@jayblack5417]

As an independent woman I started my first investment plan with just a $1000 and now earning weekly income of $4K in btc .

[@jayblack5417]

Tremendous effort put in by financial source to resolve issues with social media networks distinguish Em from others. keep up the good work.

[@jayblack5417]

Financial source is the solution to all surrounding lost social media accounts

[@jayblack5417]

Recovering lost crypto general seems like a mole to financial source

[@jayblack5417]

It’s great to see how is unique Financial source contributed to the outcome. role he play on restoring my btc app

[@jayblack5417]

He has 7k followers!!!

[@googleuser1043]

Instead of counting sheep, I will just watch this to fall asleep.

[@thommysides4616]

lol

[@SouravPlaysOff]

😂

[@greenettmacheke98]

😂🤣🤣

[@Ali-oi2wx]

Literally what I did lol

[@bok0219]

hahaha

[@TBLiov]

It made me happy to see that I'm not the only one who didn't understand what the heck he is talking about! 😏

[@tashabaibhavi5408]

I m happy tooo

[@gmailtwenty4]

😂😂

[@runguys8304]

Xe

[@runguys8304]

Cool

[@00Just_Another00]

Check out cold fusion... His vídeo makes sense

[@cobymartine1438]

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

[@KevonialJemonathoy]

I mined a coin yesterday 👍 good luck fellow miners

[@ZomboidMania]

So basically your set for life

[@KevonialJemonathoy]

@@ZomboidMania you’re

[@Bi_shop16]

Hmmm

[@samsebin7895]

how r u doing now?

[@KevonialJemonathoy]

@@samsebin7895 I could use some help.

[@terotkuoppalabeyonddreams]

I started in a mining pool. Paid in the minimum $300USD. Week 2= I had paid over $3,000 in what they call fees or whatever !!! Now... my money is 'hanging'. They won't release it until I pay yet another $1,000!!! I won't pay tho. This has gone on for too long. Another fee will be added and I'll be asked to pay up. Be careful before you start mining. This field is being used by hundreds of scammers.

[@mndnmne]

It is utterly amazing that this has monetary value

[@PauloRicardo-md4ji]

It does not in fact. People thoughts of its monetary value gives it value. Nothing more.

[@yifeizhao5311]

The god's preaching for Bitcoin mining starters. Thanks for the energy devoted to making this precious video.

[@danielsky7128]

The potential for wealth creation is within your control, as money has a certain energy that can be attracted. By taking action and following specific instructions, you can harness this energy to your financial abundance. To learn more about these steps, simply DM and I will provide guidance at no cost.

[@Awutarefrescante]

Как всё отлично пояснено, для меня на данный момент - это лучшая связка, всё детально и по делу. Благодарю

[@keanureeves518]

I pray whoever reads this will be successful, keep fighting for success, them rich stay rich by spending like the poor and investing why the poor stay poor be spending like the rich yet not investing, roar!! Invest, earn and be successful.

[@Sunny-hv7pt]

This is great but...why don't you explain this to me like I'm five? 👀😭😂

[@ee2048]

it isn't a subject for 5 year olds, this video does a great job explaining it

[@Davincij-nx9jp]

I love the fact you specified that this is not get rich fast scheme. I don't know who needs to hear this ,you've got to stop saving money . invest some part of It,if you really! want financial freedom. Invest in bitcoin, gold , buy stock, forex market, commodities, just invest and save yourself

[@gangleweed]

I bought my house in the 80's and my friend rented his because he said only the banks were going to profit from mortgage repayments and you would pay more than the house was worth after 25 years......he's still paying rent and just survives on a frugal pension......my mortgage finished up in 1998.

[@Rishabh-rc4zs]

This video is understandable for computer science students only

[@bouncyboxer]

Thanks - you have a knack at oversimplifying complicated concepts. It's a gift - I really want to be able to do that. I'm starting that by trying to explain these concepts to my 10 year olds - if they get it - I'm good.

[@kerryobrien6110]

I'm loving these explanations. The one thing I take issue with is the notion that banks have all the authority to do what they want with your money. Not true where there is a stable and reliable legal system to hold them accountable. In other words, if they won't give me my money, I can sue them to make them. They are not all-powerful in the way that the narrator suggests.

[@danwelsh654]

think again during the depresion banks just closed up people lost money no fdic ins.

[@ukcryptolondonbased2953]

He's explaining a difficult concept in 16 minutes. This requires huge simplifications, of which that was one. But he is right in that the bank is a trusted third party and is utterly corruptable as those tasked with keeping it in check are corruptable. Bitcoin relies on math, not people. Also your bank can freeze your account. If you have your keys, nobody can stop you moving your bitcoin.

[@leeMichael-jf6fl]

yes true

[@TyrellRudy]

Hello, i wish to start investing but i don't know where to begin. Any advice or contact for help? ~ih0

[@BelalHosen-b8x]

Talking to an expert like David Robert Michael to reshape your portfolio is a very smart move

[@GouemMohmed]

Wow. I'm shocked that you just mentioned and recommended David Robert Michael. Didn't know he has been good to so many people.

[@sokhnabalyndiaye1271]

True, Almost gave up due to constant losses, but David turned my luck around

[@falloundawNdaw-z1c]

Crazy seeing David mentioned here. Not up to two months with David. I cleared my 100k debt of 3 years

[@TyrellRudy]

How do I connect with David? I would appreciate if you show me how to go about it

[@pauldeckard7102]

This video not only taught me that I have the memory and intellect of a fish but ... er what was I saying? :D

[@coinsniper3519]

I don't know what you just said but I agree and also give up.

[@sunshineedits1]

@@coinsniper3519 don’t do that 😐

[@virgilliozacarias6431]

Success depends on the actions or steps you take to achieve it. Show me a man with no investment and I'll tell you how long it takes to go bankrupt. Investing builds a safe haven for the future. With the right investment choice that has at least 2% minimum risk and with expert advice, profit and interest are 100% guaranteed.

[@colincowering8016]

Yes

[@noel8337]

Yes of course

[@ScaredHelmet]

I hate bitcoin for ruining the gpu market, solely for an artificial reason.

[@robinshou6962]

Yeah sure I prefer trading with a company

[@jamesbob8401]

Crypto is gaining momentum in the payment space as well, with Mastercard, PayPal and Visa increasing crypto exposure over the past several months. 凸

[@ridakane1375]

Far more money has been lost by inwestors preparing for correctiorus, or trying to anticipate corrections, than has been lost in corrections themselve

[@crespacarol3290]

constantly in a state of uncertainity and flux and money is made by discounting the obvious and betting the unexpect

[@hanslange743]

You mentioned "Buying Bit Coins" instead of mining for them. What are the risks, or the rewards in buying the Bitcoins. Is there a minimum needed to buy? Where can you buy and sell Bit coins?

[@atharvgamer5638]

The way you approached this project added so much to it. It’s great to see how your unique perspective contributed to the outcome. The role you play on your job *sentinel Recover* is crucial. I really appreciate the constructive feedback you give to me regularly

[@sitaramchoudhary8259]

The efficiency of this *sentinel Recover* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work *sentinel Recover* !!

[@Jack-hy1zq]

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 *concept* 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 online...at its simplest, which buttons to press and in what order!! - "This is what you DO"!!

[@99Bitcoins]

Hi Jack, We get your point. We try to cover every basic DIY explainers, but since this space is very wide, knowledge gaps are a common challenge. For now, please feel free to reach out for any 'How-to' help via this contact page: 99bitcoins.com/contact/ and we shall be happy to answer and walk you through the whole setup. Until then, take care always!

[@justinsupersoniczeanimator6662]

@@99Bitcoins I know this video is older, but Iv never even questioned in my own head what is Bitcoin es I heard it and just thought people placed gold in like a safety deposit box account and could buy things spending an amount that however much gold they had came to! Lol well I'm a stay home mom homeschooling my two youngest daughter 6 my son has autism and about to be 10 and I need to do better for their futures sake. So is Bit mining still big thing going on or any other coins? And are any other coins jobs that would be better for person not having a lot to invest in starting up?

[@99Bitcoins]

Hey @justinsupersoniczeanimator6662, How's it going? Today, it's not that profitable to mine bitcoins at home. You can read this to see why: 99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/. The gear you'll need is very expensive, and you probably won't be getting a good return on your investment due to high electricity costs. I am not sure if there are still coins out there you can mine profitably. However, if you think you can still set up a profitable mining operation at home here a guide on how to do so: 99bitcoins.com/how-mine-bitcoins-home/ Hope this helps!

[@robertbanks8044]

All I have to say is thank you 🙏 for the feedback

[@dfrederique]

Well for someone who is a miner, that was a very thorough explanation.

[@davidlapointe6016]

Mining is not worth it anymore; and well, never was environmentally speaking. You are just a tool, man. And bitcoin are gonna lose value with quantum computers.

[@gregorybeaty8863]

Still nobody can make sense of it ,some of us don't understand how this literally works

[@Big-Daddy-96]

Even in plain English this still makes no sense to me. I’m an engineer and this still seems like a complicated scheme/system that nobody needs.

[@pirkkaollenkato6931]

Big Daddy you’re wrong. It’s profitable to me.

[@JGComments]

Almost. Organized crime, drug dealers, and human traffickers need it. Also, you have to remember that transaction processing is decentralized, there isn’t a server client architecture that validates transactions like a bank would have.

[@particleman5893]

@@JGComments Also people who want to be free from tyranny need it.

[@MediaEdits2701]

@@JGComments @man person why

[@JGComments]

@@particleman5893 You should learn what that word means. No one forces you to participate in the banking system.

[@Noobmaster2]

I can keep listening to him for years without taking a break. He is great n polite.

[@marissakelly9399]

I remember the early days when Bitcoin was worth less than $1. My heart breaks for the folks like myself who can no longer access their Bitcoin. If only we had known how valuable it would become.

[@jimgravesus]

I get it. Without the math problem the block chain is vulnerable to illegitimate manipulation. Mining validates that you are genuinely participating in the system and playing by the rules.

[@outbackeddie]

What kind of computer brain comes up with this complicated stuff? I can't even figure out how a friggin mousetrap works and yet there are people out there that devise unbelievably complicated systems like bitcoin and bitcoin mining. I'm wondering if they are aliens and I am one of their pets.

[@kennethmitchell2785]

I feel you. Maybe I’m not smart enough. But when these clowns loose power do they even know how to check/reset their circuit breaker? Do they know how to operate a generator? Or how to hook one up when they loose power. Do these crypto nerds care what the Green New Deal people think. Lot’s of obstacles whether it’s political or technical. Yeah you can program but can you pull wire and sweat?

[@chuckpfitzpatrick4099]

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?

[@Jason4Star]

Behind it somewhere is a human that can manipulate the desired outcome for personal gain.

[@jDelicious___]

it does not work like that. Say you have 100 hashes or assume for this example 100 numbers from 1-100. A range is set which is updated regularly by all of miners in the world (decentralized) and say the current range is 51-60. So what all miners do is try and guess a hash value between 51-60. If they do get it in range they have guessed it correctly and they win or else the trial and error continues. it might sound very simple right now but just imagine the over all range of trillions of hashes and an acceptable range of a billion hashes. That's where the guessing part comes in play and why it is so difficult.

[@davidprihodko2183]

Hello I would like to show you how it's been done to generate profit through Bitcoin mining...I'm a DM away

[@sahib6742]

@@Jason4Starthis is what bugs me so much. HOW did these hashes get set up, by a computer or a person. There is no video or website that goes from the absolute beginning to the end. I know it’s extremely complex and we don’t know who Satoshi is but I would gladly pay to watch a multi hour documentary on the day it was created and how to where we are today.

[@Jason4Star]

@@sahib6742 My brain might explode if I watched that. My biggest issue with bit coin is that they try to solve a problem with the same problem. "The US dollar is fiat currency. Let's make a fiat currency to beat it."

[@anabellejohnson4469]

Forex/stock is the best investment anyone could get into. As it could make you rich in a blink of an eye. Goodluck

[@millerpeterd8511]

How do I go bout it

[@JaiRambo]

I accidentally found myself interested in what Bitcoin was. I've never hated not understanding something before this. It's uncanny.

[@double-you5130]

one critical focus that is missing from here and the main website is the *reason* why the "Proof of work" is important. Why is there mining? What purpose does it achieve? How does it help give 'validity' to the currency. This important area should be explained as a general concept

[@iamtruthseeker444]

I pretty much understand Mining AND the blockchain AND that the reward is currently 6.25 Bitcoins every time a miner completes one. But here is my QUESTION: If the miner(s) who guess the solution gets the bitcoins, how do those bitcoins get into public circulation? What I mean is...how are WE the public able to purchase these new bitcoins that are mined? What is to stop the miners from hoarding them and deciding NOT to sell them?

[@mikeysgametime8914]

Absolutely nothing, from what I can tell

[@BrokenG-String]

Maybe they could expire and return to the pool

[@keithturner3859]

Think of money as stored work and the fallacy of crypto becomes clear. The creation of bitcoins to pay the blockchain miner is just another form of inflation that causes devaluation of the basic bitcoin since no value is being created. The electricity and computing component supply companies and the ones making money - the suppliers of picks, shovels and donkeys. Invest in the stock market and have a better chance of getting a return.

[@pushthroughthewall3396]

Okay, but I still don't understand where the money is coming from? How does it produce money, or if someone is paying up money to the miners, why are they paying money? Why did they agree to pay money to people who use a program developed by some random ass dude? This and NFT's, I don't think I'll ever understand where the value comes from? Is it just because there are enough people that are in agreement that this intangible thing has value?

[@Onesaam]

😂😂

[@ram_bhakt_hanuman.683]

This channel is the sole exception where I haven't skipped the promo ads. Your finesse in effortlessly integrating promotional content within your videos is genuinely impressive. Sometimes, it takes a moment to recognize that you're endorsing anything; I commend *sentinel Recover* for your adept execution in this aspect

[@coachtim6188]

I can't even comprehend Bitcoin. Pretty sure me and this bag of Cheetos don't stand a chance of understanding mining.

[@erinhuss4636]

Hi

[@erinhuss4636]

This Erin Huss

[@paualmini]

oMg, i finally understand what this mining is. thank you so much for such a crystal clear easy to follow video!

[@lelow0101]

Nothing feels better than watching Bitcoin rise! 📈

[@premiere3610]

Wow thank you for the honesty in explaining everything of mining bitcoin

[@ande4455]

No wonder this hasn't caught on yet-I haven't even begun to master the extensive vocabulary!

[@bitboycrypto680]

Hi

[@appcryptocom]

The creativity here is off the charts!

[@eveleland6488]

I get confused at certain points. First, all the original btc, do miners “mine them” from some original stack and then add those to the BC and get btc for their efforts? Then, what is the difference or relationships between nodes or validators and a miner when creating a block? Lastly, why would you hold a full node and not be a miner if being a node doesn’t pay?

[@slickxbt]

This is the video I was looking for to explain this to my dad. Great video!

[@Ben3654]

This is thee best video I found on the topic. It's weird that people didn't get it only because I think the silly cause was the terminology.

[@justcause1500]

I knew deep down that after watching this video, I still haven't the foggiest idea of what bitcoin is

[@jassisldhu6571]

As a complete beginner, I am amazed that you've made this video available for free. You explain everything so well. but I'm still confused about why Bitcoin and crypto prices keep dropping. This drop follows several other significant drops in recent weeks. I still hold enormous value in cryptos and it scares me. What's your talk on this?

[@99Bitcoins]

Hey Jassi! I am glad this video was helpful to you! Price fluctuations are very common these days in cryptocurrencies. If the price goes down it basically means more people are selling a specific coin than buying it and vice versa. However, no one really knows why this is happening, there could be many reasons for it. With crypto, you should not invest more money than you can afford to lose if the market suddenly goes downhill. Hope this helped.

[@frogstomp646]

I still need someone to explain this to me like I'm 5 years old...

[@Romanov3579]

Best answer lol school never teaches

[@kellistoneking4199]

Same!

[@CharLotte-ns6mu]

I think bitcoin should be of the top coins. So far bitcoin has been doing well unlike other crypto currencies

[@sandragunther2698]

It is the top dawg

[@olivercamilo7726]

This post is so valuable and so honest. I am very grateful for this content, I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?

[@mjlane1705]

This man is a genius and I bet ya he is not in the mining business or even own a single bitcoin but used the crap to make a KZbin video.

[@palaniswamy7068]

What is the block made of? Who makes the puzzle and what answer is it getting? What do you mean by transaction is it a transaction of bitcoin from one person to another?

[@keanureeves518]

If you want to be successful have the mindset of the rich spend less and invest more don't give up your dreams..

[@omonyfrancisakena4908]

😊

[@omonyfrancisakena4908]

😊

[@vansajban5408]

Finally someone that will take criticism and help save their failing restaurant

[@rabask9226]

Thank you for the explanation, it was simple, clear and in a logical order. Well done!

[@grandkalbi5331]

Holy cuss, thank you. This explained mining better than anyone I've talked too 🤯

[@TheGendee]

Hello

[@efremsa]

A neat polished and very simplified explanation most importantly in plain English, for those of us from evry corner of the world! I am happy to know this higly informed educator Nate 😎👌

[@MetaverseYes]

Very Informative. That's rare on YT

[@nancyparks8038]

@@MetaverseYes I'm no expert in trading but I've made over $27k in trading profits in just about 3 months with an auto trading tool used by my insured bitcoin miner and account manager Mr Robertson Markus. What's more exciting is the high precision as well as its optional compounding feature. I'll sure recommend to the newbies and anybody interested in earning good passive income on a daily basis. 4binaryoption @Gmail

[@bentleygeorge1344]

​@Jay Williams Hello all, my name is Jay Williams, I started investing on bitcoins mining 5 months ago and work with Robertson Markus, he is an amazing account manager, as I had issues with my Bitcoin Mining, and he not just assisted me with retrieving my Bitcoins but also made a withdrawal plan and this is the 4th month I received my withdrawal, with every month increase in my withdrawal amount. He has amazing strategy, I invested with him a total of $30,000, he diversified them in Mining and Trading account, and I receive BTCs in my Mining Account and withdrawals from my trading account. up to now received $64,000 in withdrawals and my funds have multipled to easy 120-125% with conservative risk strategy of Robertson Markus... If you are looking to invest today reach out to him today via his business email .. (4binaryoption@ gmail Com)

[@จริยาจริยา-จ9ล]

Bro I loved this video SO MUCH. I really hope you do more

[@Backbenchers911]

Watched the video 5 years ago, didn't understand a bit, came back 5 years later if see if something could be understood, but no NADA. See ya all in 5 years.

[@rd9831]

A currency note moves through 100 hands , that is 100 transactions before it is retired on an average. This is no doubt much much cheaper than the resources used for 100 bitcoin transactions. And ofcourse you cannot pay for groceries and tens of minor daily expences with bitcoin.

[@OneThiccThresh]

This video aged real well, thanks for the info!

[@ashtermunir4191]

41000, Right.. Hahahah!!!

[@OneThiccThresh]

@@smithanderson1577 I bet, your account was made 3 minutes ago lol

[@automategames]

I forget that years ago this video was informative.. now i chuckle at it like its a 1970's VHS training video.

[@whydoihavetoify]

I appreciate the simplified explanation and think I will take the easier route to making money.

[@1776Based]

Exactly!! Lol!

[@erwaldox]

Yeah sell drugs and homemade alcohol instead :p

[@modoochris5824]

Hmm So interesting! Been thankful for Bitcoin since the very start! Grateful

[@Guile716]

Governments are not going to let their citizens pay their taxes with bitcoins. The money needs to be backed by gold or government.

[@psandbergnz]

After listening to this video for two minutes, I'm more confused than ever.

[@jasminewolf4519]

All my life neever seen someone has legit as Nathan_ohnstad01 on !g he made me over 4btc am so grateful 🙏🙏🙏

[@psandbergnz]

@@jasminewolf4519 that is just a lie!

[@psandbergnz]

@@jasminewolf4519 why would you lie? BECAUSE YOU ARE A CHEAT, AND A THIEF, THAT'S WHY.

[@aquabestindian]

One concept I can't wrap around my head is, if every user/individual in the blockchain has the exact same data/ledger information isn't this data redundancy at the tremendous level, and how much data storage is used for every single transaction ??!!!!??

[@varideasfitidea]

with all the difficulties explained here, so is bitcoin worthy? since it's decentralised, seems like no authority control this. Also i wanna know if Satoshi own the most bitcoin?

[@lodewijkderham]

This video explains everything so clear, thanks a lot!❤

[@99Bitcoins]

You're very welcome!

[@netrathapamagar]

Much better than the others I watched so far. Still feel I need to know more...

[@lelandmaharrey]

Sorry for the random approach you seem to be an ambitious individual which gives me the idea to know if you're open minded to look a new way of generating an income, It may or may not be fit for you, but if I send you some info would you check it out?

[@HoaiNguyen-ii7bj]

Watching Gordon destroy people both logically and emotionally is always one of the best experiences.

[@SenneffRules]

I don't like this new world I just like having a little cash in my wallet..wish it were the 90's again

[@akshayjoshi3956]

well stop living in past....things must change with time

[@yairstriano7857]

Stfu

[@wahyuindrasto]

*Used to be that if you didn't have cash in your wallet it meant that you were poor. It seems nowadays not having cash means you got bitcoin somewhere that only you can access. Or you don't have them which means you are (still) poor.*

[@2dhoes03]

@@akshayjoshi3956 doesn't mean that all changes are good. We must remain sceptical to changes so it doesn't get out of control. People need time to change otherwise they might get hurt.

[@akshayjoshi3956]

@@2dhoes03 never said all changes are good ..this one is a big change..removing third party from a transaction between two parties will take financial security to a whole new level. It's just that people don't like to change the way things are going , this way the big change will never come

[@babartahir9004]

“now that u know what miners are” 💁🏻‍♂️🤷🏻‍♂️🤷‍♀️🤦‍♂️🤦‍♀️💆‍♀️💆🏻‍♂️

[@kystars]

oh yes i got it now. uh I think I will stick with LEGAL TENDER MONEY

[@strnvii]

@@kystars lmao ur acting like its darkweb stuff it's not U can use it to buy stuff in the web tho

[@kirwakelvinkering3122]

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 ?

[@Smerdzy]

Thank you for this video! I've been interested in this for quite some time, but never knew the complete ins-and-outs. The video was clear and easy to understand.

[@udaykiran8753]

🙄