The "What is Money?" Show cover image

The Decentralization of Bitcoin Mining with Bitcoin Mechanic (WiM507)

The "What is Money?" Show

CHAPTER

Understanding the Dynamics of Bitcoin Mining

This chapter explores Bitcoin mining as a competitive lottery system, where machines generate hashes to earn new Bitcoin. It emphasizes the role of mining in securing the network and discusses the stability of its rules, which ensures a fair and unrigged environment for miners.

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