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Basics_05: How Bitcoin Works (Proof of Work & Mining)

Basics_05: How Bitcoin Works (Proof of Work & Mining)

FromBlue Collar Bitcoin


Basics_05: How Bitcoin Works (Proof of Work & Mining)

FromBlue Collar Bitcoin

ratings:
Length:
102 minutes
Released:
Apr 30, 2023
Format:
Podcast episode

Description

Bitcoin Basics Series Episode 5. In this chat Daz, Seb, Dan & Josh dive into the mechanics of HOW Bitcoin mining works, and why it is so fundamental to the protocol. Proof of Work is the centerpiece to merging the physical and digital world. This is part 5 of a multipart series.
Full Bitcoin Basics Series here
BCB Pod disclaimer here
Watch video of this chat on YouTube here
Time Stamps:
03:00 - Intro chat
07:20 - Internet dog scams & the future of internet security
15:05 - What is Bitcoin Mining?
27:00 - Hashing, Blocks, Nonces
48:00 — Bitcoin’s REAL world connection & the halvings
55:00 — The Difficulty Adjustment & Bitcoin keeping its OWN time
01:11:00 — Proof of Work environmental impacts, energy implications & dismantling PoW FUD 
WANT MORE? HERE ARE FURTHER RESOURCES REGARDING THIS TOPIC:
Daz’s pick —  Blockchain Demo andersbrownworth.com
Seb’s pick —  Bitcoin Mining 101 on WBD w/Harry Sudock
Josh’s pick — Learn me a Bitcoin 
Dan’s pick — Immutability and Proof of Work w/Andreas Antonopolous

ITEMS MENTIONED:
“B is for Bitcoin” by Seb & Daz
Looking Glass Education
Hash Calculator
5 Minuite ColdCard Video

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SOCIAL MEDIA
Twitter: you can follow us @blue_collarbtc, follow Daz @dazbea1, follow Seb @Sebbunney
Blue Collar Bitcoin on NOSTR: npub1a3hrd4wfawr578d5y5l0qgmh7lx8q6tumfq0h7eymmttt52veexqkcfg37
Video on YouTube. Subscribe Here

EMAIL: Send questions or comments to bluecollarbitcoinpodcast@gmail.com
Released:
Apr 30, 2023
Format:
Podcast episode

Titles in the series (100)

Firefighters explore economics, finance, & the most important monetary technology of the 21st century—Bitcoin. Why it’s important. Its future implications. How this protocol & network functions. The reason it matters within your investment portfolio.