How Does Bitcoin Mining ACTUALLY Work? Explained In 3 Minutes

[@CoinGecko]

What if… all 21 million bitcoins are mined? ⛏⛏ Find out here 👉 kzbin.info/www/bejne/iXjRfJSNiZafd5o

[@stevewright360]

Is it just me, or did that make no sense at all?

[@perfexion.17]

I'm still as confused as I was before watching the video...

[@williamed890]

do you mine any crypto?

[@desperateloner8555]

The problem with this video is that it just keeps choking you with more and more information about bitcoin without actually explaining them bit by bit. It makes sense fine if you already have basic understanding about this topic, but if you're a zero brainer then yeah this video is just too fast. Well, you shouldn't expect much from a 4 minute video in the first place anyway...

[@chion918]

if you understand the concept of inflation / fiat currency / and how & why central banks prints money out of thin air. then you have what it takes to understand this video. start grinding.

[@ta_pegandofogo]

it's because you can't simply expect to understand a complex thing like cryptocurrency with the IQ of a potato. Try watching the video slower, and maybe you'll grasp something, because, trust me, things here are explained in the simplest and illustrated way possible.

[@Bitmern_Mining_Sales]

There are a lot of words that needed to be explained in a first stage for someone to understand this video

[@SC9750-r3w]

Thank you!

[@stankardas500]

I will never, ever, understand this. And it seems every tutorial spits out the nearly exact same incomprehensible explanation.

[@christopherlin8661]

Bitcoin operates according to a decentralized block chain which is just a network of categorized bitcoin transactions. Bitcoin miners group the transactions together and add it to the network through hashing. When this is don3, they successfully mine a bitcoin

[@TheRealPompeiiBaby]

@@christopherlin8661 this is equally confusing as it uses the same vocabulary that require a preliminary understanding of what it means to follow along, and that's what they're trying to learn first

[@MamtaSharma-rl9jw]

I made 0.1btc today on Btc cloud farm; I m done trading or holding my bitcoins.

[@JamesSmith-mu5it]

what is the best mining cloud plan to use on Btc Cloud Stack ?

[@MariaTerradas]

use the Z92 PLAN

[@realwigga43]

10k????

[@GarnettKlockoII]

I realized that the secret to making a million is saving for a better investment. I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.

[@FatimaRaheem5]

Trading in Bitcoin now is the wisest thing to do now especially newbies beginner....

[@FatimaRaheem5]

Yes, the crypto market is really taking off and Bitcoin is in good shape to start trading now

[@SophiaGreenwood2]

How can one start, most times people don't know where to start when it comes to crypto. But it would be great if you can provide proper guidance on steps to follow please

[@GarnettKlockoII]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Coach Alex Gomez. A widely known crypto consultant

[@LiamGifford9]

I've come across this name before, is he really reliable?

[@meekerh]

"To understand this analogy...". Best find another video with less cute cartoonish graphics and more clear explanations. This video is a confusing mess.

[@Khallnayakk]

In order to understand this video you must have basic knowledge of Blockchain, bitcoin, consensus algorithms, transaction process, structure of a block and its components.

[@emiramarra6073]

Yep sounds good 👍🏼 totally understood everything

[@ta_pegandofogo]

This was the best explanation video about bitcoin that I've ever seen! Normally, people keep talking about economics and such, but you, instead, made it well-drawn and explained the complex terms in simple words. I loved the art, and the simplicity as well. Also, you covered the topic very well too. Thank you so much.

[@ivgondef4408]

I can but a $4 shirt at goodwill and sell it for $40. Seems much more logical to me.

[@NickAndTech]

reselling is much more efficient than Bitcoin mining, people don't want to hustle though 😆

[@TheColincbarrett]

Dude shirts are the way to go to be a millionaire for sure. Awesome work! You are so smart

[@Ancejfj]

They are wasting electricity burning coal just to figure out a guessing game from someone the bought a piece of pizza so millions of miners waste millions of dollars on electricity to figure out her pizza transaction! What a total waste of energy and life of millions of miners an equipment. This is the biggest scandal on the planet.

[@Storiaron]

If your country burns coal to get electricity, bitcoin miners are the least of your worries

Just like how many countries cut down millions of trees to print money.

[@singinalex52]

Having a sound monetary network for 8 billion people that can't be controlled by any government is worth more electricity than you can imagine

[@PonyFoot123]

@@singinalex52yet bitcoin works through government controlled stock market?

[@jameshepburn4631]

In The Bullshit Hall Of Fame, Bitcoin is the bronze statue in the rotunda of the main exhibit hall.

[@LouieUllrich]

Great breakdown! What gives Step Finance an edge over others?

[@AndreDunphy]

Appreciate it for posting! I need advice: My Crypto Wallet holds some USDT, and I know the seedphrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how can I handle moving them to Upbit?

[@JeffreyOConnell]

What role does step finance play in driving DeFi innovation?

[@anhimnyukumarabhimnyukumar531]

Why are they only bitcoins on btc cloud farm ??

[@VioletRuecker]

How does step finance support users in exploring decentralized lending?

[@jamessmithson-br7rm]

I go down mine with pickaxe and keep going til I strike a coin

[@AliceOHara-m3i]

what’s the biggest challenge step finance is solving in crypto?

[@lowrentloser]

Don't understand. This seems to be wasted way to spend life. Who invented it?

[@Chance-g4u]

This literally feels like a channel from extra dimensional tv. Like how a plumbus is made

[@CryptoMiner-g1v]

Ripple (XRP) supports fast cross-border payments.

[@collingood7766]

And the total 10% have 3,000 xrp, let that sink in. People are scared of crypto, I was one of them. We should be more terrified of fiat worthless currency like the USD

[@vTartaria]

@@collingood7766 care to explain?

[@CedricGreen-b2z]

Your analysis is always spot on! What’s your take on Step Finance’s competitive advantages?

[@ElizaCarter-l1r]

Thanks for the explanation! A little off topic, but I wanted to ask: My wallet in TRON LINK contains USDT a and I have the seed phrase. (summer topic topple similar physical seminar object upset deposit spot estate ripple). But I'm having some difficulty to transfer my USDT to Binance, Could you help me with that?

[@chlorophyll6154]

You can send to Binance other than USDT, as long the coin was supported on Binance, I use WLD all the time

[@kufresundayeyen]

Can you please make a video explaining $KIKI FLAMINKI on base? I need more info on this coin and the potential it has. Thank you!

[@kadesalgado6318]

Cheers for posting! Hoping for some guidance: My Safe Wallet contains some USDT, and I have the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how can I go about moving them to OKX Exchange?

[@AstroAdvisorBTC]

Can blockchain explorers reveal fake transactions?

[@kingtricks719]

Great 👍

[@Blockifyyy]

Mining rewards are halved approximately every four years in Bitcoin.

[@hamonluser6131]

So basically people waste elecricity for money?

[@TravisBololo]

Guess what ? & is this a game ? Im lost !!

[@Kathrine-i1u]

Lol! Why are you confuse? Do you want to mine your Bitcoin?

[@YuuKiira]

​@@Kathrine-i1u why would we be here if not?

[@MCBob-nh4cr]

The same people that trust crypto are the same people that trust or at-least once trusted the dollar.

[@abdullahikabri5912]

This video is obfuscating. Professional animations and sound effects but not rewarding.

[@markaword1561]

100% pictured that

[@tyjack1702]

Why does it lose value?

[@strongestapes]

Someone take the money from the market.

[@gapastro]

Too complicated. As they say, dont invest in something you dont understand.

[@zainu3801]

Wth is he talking about

[@JustKO26]

wtf if there’s more bitcoin generated, then should the value reduce?

[@fs1m]

Not if demand is increasing at a higher rate than supply is.

[@KeplerRobbins-rv3tm]

??? Who, what, where, when, why? (Scratches head)

[@lorenzoschannel6070]

Im so confused

[@madikenean1947]

Just gamble is easy

[@detonario]

sponsored by US government

[@MCBob-nh4cr]

That’s what no one understands, they all trust the government and banks too much. The government just wants to swap to crypto by conning everyone into thinking it was their idea. People don’t remember how they forced the dollar on us back in the day when no one wanted it.

[@Avatar_12345]

first to comment ❤

[@Damian007.]

??????...😂

[@supramby]

Not understandable and therefore the scam exists

[@Dogwood07]

Everything I don’t understand is a scam

[@madikenean1947]

😂😂😂😂😂

[@Robaatosensei]

Oh, I see - in the bitcoin world 3 minutes actually equals 4'19". Of course.