Understanding Bitcoin Mining: A Comprehensive Beginner's Guide

If you’ve ever heard about crypto, chances are that you’ve heard about Bitcoin mining. But if you’ve heard about Bitcoin mining, chances are that you don’t know what it is, even if you’re into crypto. Bitcoin mining is complex, but it doesn’t have to be. When you break down the individual components step by step, it makes it easy to understand Bitcoin, as well as why BTC is so valuable. That’s why today we’re going to give you the most comprehensive breakdown of Bitcoin mining you’ll find anywhere on YouTube. By the end of the video, you’ll be able to school your friends and family. Enjoy! ~~~~~ 🛒 Get The Hottest Crypto Deals 👉 https://www.coinbureau.com/deals/ ♣️ Join The Coin Bureau Club 👉 https://hub.coinbureau.com/ 📲 Insider Info in our Socials 👉 https://www.coinbureau.com/socials/ 👕 Our Merch Store 👉https://store.coinbureau.com 🔥 TOP Crypto TIPS In our Newsletter 👉 https://www.coinbureau.com/newsletters/ ~~~~~ 📺Essential Videos📺 What Happens When The Last Bitcoin Is Mined 👉 https://youtu.be/00kEBpgL_mM?si=3WS0I2uxh0yYZGxn ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Visual Bitcoin Block Explorer: https://txcity.io/v/eth-btc ► Bitcoin Nodes Map: https://bitnodes.io/ ► Bitcoin Difficulty: https://www.coinwarz.com/mining/bitcoin/difficulty-chart ► Average Bitcoin Mining Cost: https://en.macromicro.me/charts/29435/bitcoin-production-total-cost ► Other Cryptos To Mine Besides Bitcoin: https://whattomine.com/ ~~~~~ - TIMESTAMPS - 0:00 Intro 0:42 How Bitcoin Works 3:34 Bitcoin Mining Explained 6:28 Why Does Bitcoin Mining Exist 12:03 How To Mine Bitcoin 15:18 Bitcoin Mining Energy Use 18:42 Outro ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #bitcoin #btc #crypto