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

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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SUPPORT THE BCB PODCAST: Podcast 2.0 streaming on our favorite pod app, Fountain: You can earn & stream sats on Lightning Network while listening to pods! Also share and listen to standout clips with the Fountain community.

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 [email protected]