Cryptocurrency Mining Explained

in cryptocurrency •  4 months ago 

Ever wondered what cryptocurrency mining is? Why is everyone freaking out about Bitcoin using up more electricity than Switzerland?

Why are people investing crazy sums of money into computers that are only capable of mining?

In this video, I try to explain the whole process as simply as possible, without going into the geeky hashing, proof of work and elliptical curve cryptography stuff. None of that, only simple stuff.

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