Don't Be A Dumb Hasher (Bitcoin Mining)
Join Bitcoin University Premium:https://www.bitcoinuniversity.com/join
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:
https://emn178.github.io/online-tools/sha256.html
What a Bitcoin mining rig (ASIC) looks like:
https://asicmarketplace.com/product/bitmain-antminer-s19-xp-140th
Bitcoin mining centralization:
https://mempool.space/mining
https://mainnet.observer/charts/mining-pools-hashrate-distribution/
Antpool running a "pool of pools":
https://www.nobsbitcoin.com/bitmain-antpool-pool-of-pools-report/
Ghost of Unhosted Marcellus leading the way:
https://x.com/oomahq/status/2021361004886503909
https://x.com/Princey21M/status/2040763990360613318
FPPS is about to give way to hash marketplaces:
https://x.com/GrassFedBitcoin/status/2040460311480950974
Learn about hashing and mining from Bob Burnett of Barefoot Mining:
https://www.youtube.com/watch?v=7ALxGh-QRl8
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 “Operator Parties”) 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, “the Sites”) 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. Receive SMS online on sms24.me
TubeReader video aggregator is a website that collects and organizes online videos from the YouTube source. Video aggregation is done for different purposes, and TubeReader take different approaches to achieve their purpose.
Our try to collect videos of high quality or interest for visitors to view; the collection may be made by editors or may be based on community votes.
Another method is to base the collection on those videos most viewed, either at the aggregator site or at various popular video hosting sites.
TubeReader site exists to allow users to collect their own sets of videos, for personal use as well as for browsing and viewing by others; TubeReader can develop online communities around video sharing.
Our site allow users to create a personalized video playlist, for personal use as well as for browsing and viewing by others.
@YouTubeReaderBot allows you to subscribe to Youtube channels.
By using @YouTubeReaderBot Bot you agree with YouTube Terms of Service.
Use the @YouTubeReaderBot telegram bot to be the first to be notified when new videos are released on your favorite channels.
Look for new videos or channels and share them with your friends.
You can start using our bot from this video, subscribe now to Don't Be A Dumb Hasher (Bitcoin Mining)
What is YouTube?
YouTube is a free video sharing website that makes it easy to watch online videos. You can even create and upload your own videos to share with others. Originally created in 2005, YouTube is now one of the most popular sites on the Web, with visitors watching around 6 billion hours of video every month.
