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37 thoughts on “What Is Bitcoin Mining?

  1. reading about a comprehensive mining software suite called Titan ( backed by Bloq inc, seems legit, taking beta sign-ups now, the creators are apparently veteran expert miners/software engineers, I am waiting for a reply for dates to test the beta. let's hope they can resolve a lot of our headaches detailed in this video! Great content BTW!

  2. Ummm isn't "mining bitcoins" virtually (heh, yeah) creating "money" out of nowhere? And therefore, how the FUCK does it compares to someone mining gold that was ALREADY there to begin with? O.o.
    Didn't get shit, maybe I'm dumb as fuck, I know

  3. Fuck Im going to make my own currency and pay my own ass , and build my own country no motherfuckers allowed to touch my shit , so i the mofucker pay myself 12643 oh shit i have one problem i need name for the mothfuckin currency..hheeelpp i want to pay myself.

  4. How can a currency like Nano (Raiblocks) get rid of miners? I understand they use DAG, but surely all transactions still need to be validated – even IOTA has each sender validate 2 previous transactions. Is there any validation at all in Nano? If so, who does it and when? TIA.

  5. Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.
    With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

  6. How is announcing blocks and so they can be added to ledgers a "public good"?? Who is this public, not the public at large like most people think of. By the sounds of it "mining" adds nothing to society whatsoever. Computer science and technology is great, but it needs to be used for the greater good (like everyone can benefit). Technology is actually quite dangerous…

  7. This type of currency is ridiculous how is this fare everyone can't mine the rich will always remain rich because the more people that mine the harder the math problems will be leading to more gpus to solve it

  8. this violates fundamental economic laws and has got to be, on some level at least…… a scam, the only question is who will be holding the hot potato when it all comes down

  9. Thanks for the Video there are only just a few of you i can call Mentor. You are my number one when it comes to Bitcoin while Mr. Wayne is my number one Mentor in Forex trading, he just predicts trends like someone who see the future. Making over $6,000 every week with his help in Forex trading has been a very awesome experience for me. I'm sure a lot of you might have heard about him. I just recommend this guru to all that still say Forex is a scam. waynefrank688@gmail . com is his contact.

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