What is Bitcoin Mining?

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What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? This short video is an animated introduction to Bitcoin Mining.

Credits:
Voice – Chris Rice (www.ricevoice.com)
Motion Graphics – Fabian Rühle (www.fabianruehle.de)
Music/Sound Design – Christian Barth (www.akkord-arbeiter.de)
Andrew Mottl (www.andrewmottl.com)

What is Bitcoin Mining?

65 Kommentare

  1. Yes, we can all research this online, and bla bla bla, but this video didn’t explain jack squat. Still makes no sense. They talk about how money is printed and governed and then jump to how bitcoin miners solve math problems and then get bitcoins. The heck does that mean? Solve math problems for whom? What’s the purpose of doing that? How is that related to bitcoin and where does the value of bitcoins come from? I’m just saying, do a better video. Someone new just being introduced to this wouldn’t understand a darn thing from this video.

    1. Vidkun Quisling only low I.Q. feel the requirement to try to prove they are smart via a Mensa test. The smart ones already know they are and keep quiet about it.

  2. who is providing the bit coins for solving these math problems and why do they want them solved. this explains nothing.

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    2. +KopetePanda What problems are being solved?..digging up bitcoin problems or handling bitcoin users transactions? How does a miner decide which transaction he wants to reject? Does a miner decide if he wants to solve peoples transactions or dig up bitcoin? Also how did people mine in the beginning? What software were they using? All these softwares available take a tax out of our earning because we are using third party software..where is the primary software that people used and kept all profits?

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    1. Hello THIS, amazing point you have here… I’ve said this before and I’m saying again, btc mining is unnecessarily complex as it gives too much power to the operator at the farm and with too many fails. From risks taken with experience I’ve concluded that it’s garbage with its fluctuating ROI. Bitcoin ATMs on the other hand offer a really fair investment by allowing you join a network that allows you to earn from daily transactions by investing your btc into the stream of exchange needed by the machines to make transactions possible.

  3. Haha Pyramid Scheme. A very small fraction of people at the top of this Bitcoin Pyramid will come out winners at the end of this. The rest of you will have been bamboozled.

    1. So, does this mean this Bitcoin thingy, works like BitTorrent where people need to seed the files to make a download become faster , while in this case, download becomes „transaction//validation“ ??
      Goddamn, just noticed, BitTorrent, Bitcoin… wtf

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  5. Today, Mr Jacob Lowery mines my bitcoin making me so much profit that’s why I’m not bothered I know nothing about it. He is really a genius

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