How Does Bitcoin Mining ACTUALLY Work? Explained In 3 Minutes

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Learn what bitcoin mining is and how its key to the Bitcoin network’s function and security!
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Timestamps:
00:00 Intro
00:17 How does Bitcoin work?
01:01 How does mining Bitcoin actually work?
02:04 Why mining is so difficult?
03:23 Proof-of-work in mining
04:04 Outro
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About:
In this video, we are exploring the reality of Bitcoin mining, its crucial role in blockchain security, and how it works beyond common misconceptions. Learn about the process, proof-of-work, and its environmental impact.
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#BitcoinMining #CryptoMining #BlockchainTechnology #BitcoinSecurity #ProofOfWork #BitcoinNetwork #MiningProcess #BitcoinReward #DecentralizedBlockchain #cryptobeginners #cryptocurrency #crypto #blockchain #coingecko

Опубликовано:

25 июл 2024

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Комментарии : 11

@CoinGecko 29 дней назад

What if… all 21 million bitcoins are mined? ⛏⛏ Find out here 👉 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-SGnKaWT1lA8.html

@Anonymous-ml6ll 15 дней назад

@CoinGecko i used to watch your videos when i was new to crypto but the videos always sucked. two years later and they still do. 😂 you guys do a terrible job of explaining what stuff really is exactly. for example, when explaining what bitcoin is you will say it's a cryptocurrency. but all that does is create another question. the questioner will then want to know what is a cryptocurrency. and to make matters worse you then show bitcoin as a gold coin as if bitcoins are physical. but actually there are no physical coins or even individual digital coins. the coins are implied in transactions that transfer value from spender to receiver. it's not even 21 million bitcoins. bitcoins don't exist in the Bitcoin software. the only monetary unit in that exist in the Bitcoin software is the satoshi, and there are approximately 2,099,999,997,690,000 of them. so tell us CoinGecko, what exactly is a "bitcoin". if i buy a bitcoin what will i own?