What is Bitcoin Mining? (In Plain English)

How can we trust the miner to update accurately?

WHO OWNS THE NETWORK?? Isn’t the owner of the network the new BANKER?

Ok so as someone who is very interested in technology, coding & all that, I am struggling to actually understand stuff and it’s become disheartening. I’m a big time hands on learner & grasping information that I can’t relate to something i already understand (I guess that’s the best way to put it, I have to actually do something or be able to picture the process). But either way just listening or reading info sends back a mental error code… does anyone have any tips or advice to improve my verbal/written learning skills or do you know any good educational resources for visual learners about technology topics?

Hello

Im confused 🤔....

Thank you very much for the good information you have given us so quickly and honestly I will reap the rewards

So bitcoin is a computer game, and the richest kid with the most powerful equipment will become the richest person?

So, a likely Buddha worshipper came up with a sophisticated or rather confusing total BS "coin" and it got off the ground? People in America are happy with real coins.
I hope it all fails soon.

Thanks for the alert ⚠️ on Web mining...

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 ?

Thank you for all your guidance! It's amazing boost in the investment theme

Is one able to transfer the value of a trade to the US dollar and bank it?

My head hurts 😂

Wow thanks

Another outstanding informative video on Bitcoin. Great presentation.

Make money solving math problems? I don’t understand why that’s making money. is it solving a real world problem? Is there really that many unsolved math problems? And just guess to make money that’s turning doing nothing into currency? What are we really trading at that point?

With owning the ledger nano x I can authentic smart contracts and my pc is the main user of the sotoshi nakamoto algorithm I create 3 blocks per transaction and have full trust and my approval rate is 5 sec so with knowing all this now what are your thoughts im also making bitcoin every 10 mins out of thin air and worth a residual income every month

Thank you very much. Educative to me . Thank you for your efforts.

Thanks 🙏

This video makes me to understand it better thanks a lot 🙏

Isnt happy with the food

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

This is hilarious

This all sounds like a fever dream

How can I invest

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

Isnt open every days

I will love to learn BtC mining

Great video! but, what happens once all the bitcoins have been mined in 2140? I am I right assuming that the miners and node guys will no longer have an incentive to keep up being the bankers of the system?

My Italian friend literally went ballistic when he sees that "italian chef" boiling his meatball

Truly one of the moment of all times

Always fighting the customers

Bots: “I love how he never disappoints us with his content”

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

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

Fxxxxk. I don't understand a single word he said. He speaks a strange tongue to me. Guessing what solution?

Plain English you say?

Sounds like gambling but more boring.

I’m petahashing

Great

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

The difficulty adjustment is so freaking genius

I looked this up because I wanted to know if it was strictly illegal because so many criminals use bitcoins to buy and sell drugs, so they mine coins for that purpose. But now you're telling me it's a legit thing you can do for random payments? It's a digital scratch ticket at the expense of computing power and electricity?

How do you withdraw your bitcoin bonus?

hey

Legend. Thanks

I get a lot of email of Bitcoin mining why I don’t understand

Bottom line is still based on the golden rule - in other words - those who own the gold dictate the rules. That is, the wealthier you are the better the chance you can be a miner and the more miners you can own.

So where does the distribution of wealth come in 😁🤣😂🤣😂