What is Bitcoin? (v1)

What is Bitcoin? (v1)

< things kind=" application/x-shockwave-flash" design=" width:425 px; elevation:355 px;" information="// www.youtube.com/v/Um63OQz3bjo?color2=FBE9EC&version=3&modestbranding=1" > < img alt= "What is Bitcoin?( v1) "src=" http://free--credit-score.net/wp-content/uploads/2017/09/default-10.jpg"/ > Even more information: https://www.weusecoins.com Learn more about Bitcoin. This short animated video clip is an intro to Bitcoin implemented with contributions of time

as well as money from the Bitcoin community. Follow us on Twitter: https://www.twitter.com/WeUseCoins Like us on Facebook: https://www.facebook.com/weusecoins Wish to see more? Please donate.

1CXiG6hZmMWUsr6sgF3Tx5nfKj1FN8 Special thanks to:- Donators for the Bitcoin Cartoon animation Bounty -Bitcoin customers and miners around the globe- Everybody from #bitcoin- dev and #bitcoin- otc on Freenode for aid with the technological side and background of Bitcoin- Gavin Andresen and Mike Hearn for assessing the manuscript- Greg, Steve, Dan and Jasmin who gave their specialist help as well as understandings free of cost- All our good friends, family members as well as random strangers
that put in the time to review the script and give responses Credit scores: Voice- Chris Rice( www.ricevoice.com ).

Motion Graphics – Fabian Rühle( fabianruehle.tumblr.com). Music/Sound Style -Christian Barth( www.akkord-arbeiter.de). Production – Stefan Thomas. Video clip Score:/ 5< things kind=" application/x-shockwave-flash" design =" width:425 px; elevation:355

px;” information =”// www.youtube.com/v/K8kua5B5K3I?color2=FBE9EC&version=3&modestbranding=1″ >< param name="motion picture" value ="// www.youtube.com/v/K8kua5B5K3I?color2=FBE9EC&version=3&modestbranding=1"/ > Sign up for Motherboard Radio today! http://apple.co/1DWdc9d. In October of last year Motherboard got to an enormous, secretive Bitcoin mine housed within a repurposed factory in the Liaoning District in rural northeast China.

This is the framework that keeps the digital currency’s decentralized network up and running, as well as its operators are benefiting large time.

The mine we checked out is just one of six sites possessed by a secretive team of 4 people, part of a gigantic mining procedure that, as of our go to, cumulatively produced 4,050 bitcoins a month, comparable to a regular monthly gross of.5 million.

Read a lot more on Motherboard – http://bit.ly/Chinese-Bitcoin-Mine.

Up Next: The Beaver Slayers of Patagonia – http://bit.ly/Beaver-Slayers.

Subscribe to MOTHERBOARD: http://bit.ly/Subscribe-To-MOTHERBOARD.

Follow MOTHERBOARD.
Facebook: http://www.facebook.com/motherboardtv.
Twitter: http://twitter.com/motherboard.
Tumblr: http://motherboardtv.tumblr.com/.
Instagram: http://instagram.com/motherboardtv.
Extra videos from the VICE network: https://www.fb.com/vicevideos.

Bitcoin: How Cryptocurrencies Work

< object kind= "application/x-shockwave-flash" design= "width:425 px; height:355 px;" information="// www.youtube.com/v/kubGCSj5y3k?color2=FBE9EC&version=3&modestbranding=1" > Whether or not it’s worth purchasing, the math behind Bitcoin is a classy remedy to some intricate troubles.

Hosted by: Michael Aranda

Unique Thanks: Dalton Hubble

Learn extra about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg
———-
Support SciShow by coming to be a customer on Patreon: https://www.patreon.com/scishow
———-
Dooblydoo thanks most likely to the complying with Patreon supporters– we could not make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and also Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi
———-
Like SciShow? Wish to aid support us, and obtain things to place on your walls, cover your upper body and hold your liquids? Have a look at our awesome products over at DFTBA Records: http://dftba.com/scishow
———-
Trying to find SciShow somewhere else on the internet?
Facebook: http://www.facebook.com/scishow
Twitter: http://www.twitter.com/scishow
Tumblr: http://scishow.tumblr.com
Instagram: http://instagram.com/thescishow
———-
Resources:
https://bitinfocharts.com/
Bitcoin Mining Explained Like You’re Five: Part 2 – Mechanics


https://bitcoin.org/en/how-it-works
http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee

How Does Bitcoin Work?


https://blockchain.info/charts/total-bitcoins
https://en.bitcoin.it/wiki/Controlled_supply
https://www.bitcoinmining.com/
http://bitamplify.com/mobile/?a=news

Photo Resources:
https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
Video clip Score:/ 5

How Bitcoin Works in 5 Minutes (Technical)

A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology
Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more.

Written Version: http://www.imponderablethings.com/2014/04/how-bitcoin-works-in-5-minutes.html

Less technical version: https://www.youtube.com/watch?v=t5JGQXCTe3c

Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP

Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)
Video Rating: / 5

What is Bitcoin? and How do you mine it? Well, this video will go over Bitcoin mining and show you how to set up Bitcoin Mining Software on your computer. Bitcoin is a digital currency, which is supported by a P2P network of computers across the internet that act as servers to process the financial transactions of this currency. Some believe Bitcoin is a Scam, or Ponzi scheme, but once one understands the concept of Bitcoin, it is clear that it is not. While the uses for Bitcoin are virtually infinite (paying for goods, services, or money laundering, gambling and drug smuggling) it’s structure remains concrete and open source. However, the VALUE of each Bitcoin is disputable. In theory, Bitcoin becomes harder and harder to mine, which means it takes more and more energy (electricity for your computer/”mining rig” to run) to process Bitcoin and solve “Blocks” of data. Therefore, the price of Bitcoin may be related to the price of energy and the cost of maintaining this network. While it is easy to assert that there will be additional computers added to the network daily, which would ease the work load on the initial nodes, one can only speculate that the price of Bitcoin MUST increase over time. Especially when power costs in the foreseeable future will be rising.
Currently, only 21,000,000 Bitcoins can be created, but that I guarantee will rise, as many are hoarding the coins and there just simply wont be enough to go around and not enough work, or transaction data, for the increasing number of miners out there.
Specialized computers and “Mining Rigs” are becoming available from companies such as Butterfly Labs and others, which harness ASIC technology. ASIC means application-specific integrated circuit- so these devices are engineered to mine Bitcoin and only mine Bitcoin. This creates an extremely powerful, and efficient machine, over 100x times more efficient than current setups. These machines are said to be able to mine Bitcoin up to 50 GH/s (if that means anything to you, but it’s A LOT) extremely efficiently! More efficient than any desktop computer rig. None of these super computer miners have been shipped/received and it is still extremely uncertain whether these companies are scamming people or not. (I wouldn’t PRE-order a ,000 machine promising me all the money in the world, but many are)
SO – If these machines come to market, they will truly dominate all others and render most other PC’s/Rigs worthless. Anyways, enjoy the video!

LEARN MORE AND JOIN THE CONVERSATION ON SOCIAL MEDIA!
BitCoin For Beginners Facebook Page
https://www.facebook.com/pages/Bitcoin-For-Beginners/1413871525522163?ref=hl

BitCoin For Beginners Twitter

___________________________________________

Bitcoin Wallet: http://bitcoin.org/en/choose-your-wallet
GUI Miner: https://bitcointalk.org/?topic=3878.0

BitCoin Calculator: https://bitclockers.com/calc

Monitor How Many Watts Your Computer Uses:http://www.newegg.com/Product/Product.aspx?Item=N82E16882715001

MH/s Hardware Comparison: https://en.bitcoin.it/wiki/Comparison_of_mining_pools

BitCoin For Beginners – Part 2: http://www.youtube.com/watch?v=ZEV3QFj19u8
BitCoin For Beginners – Part 3: http://www.youtube.com/watch?v=pvrVtCOGTWY

Thank you!