The Investor’s Guide to Bitcoin Mining

The top articles on bitcoin mining, curated by our co-founder

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Blockworks has curated a collection of the latest articles and research on bitcoin mining. Read on and scroll to the bottom for a complete list of our Investor’s Guides.

What is Bitcoin Mining? A presentation on how it works

Dan Held, YouTube, June 3, 2019

“What is Bitcoin Mining” a talk that gives a simple explanation of how bitcoin mining works and dives deeper into why its energy usage is doing something useful. This presentation was performed during the Value of Bitcoin conference on June 3rd 2019 in Munich. …

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Bitcoin Mining and Energy w/ Marty Bent and Harry Sudock

Preston Pysh, We Study Billionaires, YouTube, February 24, 2021

On today’s show, I talk with energy and mining experts, Marty Bent and Harry Sudock. We talk about whether bitcoin energy consumption is a concern and we also address concerns about mining being too concentrated in China. …

Watch on YouTube

Why Bitcoin Miners Will Keep Mining

CoinShares, March 17, 2020

Since its February 2020 peak of around $10,500, the bitcoin price, and with it, the mining reward, has fallen by more than half. And in a way, for all of those who are worried about the halving this is a perfect prelude because the end effect on miners is the exact same. Hence, the hashrate dynamics we’re likely to see in the upcoming weeks will be an excellent parallel to those we might also see after the halving in May.

So what are we likely to see? Reductions in hashrate. And that’s totally fine.

Here’s the how and why: …

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Bitcoin is Not Backed by Nothing

Parker Lewis, Unchained Capital, September 27, 2019

Contrary to popular belief, bitcoin is in fact backed by something. It is backed by the only thing that backs any form of money: the credibility of its monetary properties. Money is not a collective hallucination nor merely a belief system. Over the course of history, various mediums have emerged as money, and each time, it has not just been by coincidence. Goods that emerge as money possess unique properties that differentiate them from other market goods. …

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By reading this article, you’re mining bitcoins

Ritchie S. King, Sam Williams, David Yanofsky, December 17, 2013

If you clicked the button above, then you are currently mining bitcoin, the math-based digital currency that recently topped $1,000 on exchanges. Congratulations. (It won’t do anything bad to your computer, we promise.) …

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“How Bitcoin Mining Works?” – Andreas Antonopoulos

Nic Carter, March 29, 2021

Andreas Antonopoulos speaking about Bitcoin phenomenon and the how the technology works from the perspective of Bitcoin mining. Speech recorded at BITCOIN EXPO event at Massachusetts Institute of Technology in 2015. …

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The Anatomy of Proof-of-Work

Hugo Nguyen, Bitcoin Tech Talk, February 10, 2018

Proof-of-Work (PoW) was originally invented as a measure against email spams. Only later it was adapted to be used in digital cash [1].

What proof-of-work (PoW) mining actually does under the hood, is that it converts kinetic energy (electricity) into a ledger block. A mining machine repeatedly performs hash operations until it solves a cryptographic puzzle. All hash operations are thrown away except for the one hash that solves it. …

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Get educated. Check out The Investor’s Guide to Bitcoin, The Investor’s Guide to NFTs and The Investor’s Guide to DeFi and The Investor’s Guide to Inflation.

The content of this webpage is not investment advice and does not constitute any offer or solicitation to offer or recommendation of any company, product, or idea. It is for general educational purposes only and does not take into account your individual needs, investment objectives or specific financial circumstances.

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Research

The BitcoinOS team is the first to have developed and posted a ZK-compressed proof on the Bitcoin network. Other proof verification efforts have been limited to the Signet or testnet deployments. Their work has resulted in the development of BitSNARK, a software library for ZK-compressed fraud proofs on the Bitcoin network. The project aims to provide a horizontal scaling solution, offering a one-stop shop for teams interested in developing a rollup on Bitcoin. This approach shares similarities with the horizontal tech stack scaling in other ecosystems like Cosmos and Optimism, particularly in its focus on simplified verification, bridging standards, and lightweight interoperability.

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