โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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In this video, I discuss the important distinction between hashers, miners, and mining pools in Bitcoin.
Bitcoin mining is currently highly centralized across just a few large mining pools. Hashers don’t seem to care about what gets included in a Bitcoin block.
That is all about to change, with the Bitcoin pleb mining revolution, that will involved renting hash and pointing it at our own Bitcoin Knots nodes and Datum gateways.
One not small side effect of this will be the rapid approval of the upcoming BIP-110 soft fork.
Not investment advice! Consult a financial advisor.
SHA-256 hash algorithm:
What a Bitcoin mining rig (ASIC) looks like:
Bitcoin mining centralization:
Antpool running a “pool of pools”:
Ghost of Unhosted Marcellus leading the way:
FPPS is about to give way to hash marketplaces:
Learn about hashing and mining from Bob Burnett of Barefoot Mining:
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Bitcoinmining
#hasher
Disclaimer
Neither Matthew Kratter’s Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the โOperator Partiesโ) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, โthe Sitesโ) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
Youtube version
