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4min chapter
The Decentralization of Bitcoin Mining with Bitcoin Mechanic (WiM507)
The "What is Money?" Show
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode