Video Transcript

Within bitcoin’s ecosystem there is three Core Power bases and I’ll take you through the timeline of how they all used to be the same thing and now they’re sort of separate different roles let me show you Bitcoin miners you can think of as the soldiers of the Bitcoin Network they fight a computational

Battle to be able to put the next block in the chain approximately every 10 minutes who stores all that data that’s the nodes you can think of them as the accountants of the network they store all of the transaction data otherwise known as Bitcoin and there’s obviously

The wallets if you hold a lot of Bitcoin you have a monetary power and all three at the beginning of bitcoin’s History were all one in the same role and if there is ever a disagreement within the Bitcoin chain these three groups vote with their voting power economic power

And computational power to choose which chain they think is the true Bitcoin it’s all willing participants

Video Transcript

Bitcoin miners supply and demand electricity let me explain typically Bitcoin miners demand energy they’ll buy their energy cheap in a contract say 5 cents run the electricity through their mining machines to produce hash power and turn that into 12 cents of Bitcoin per kilowatt but then you might be wondering

How on Earth are Bitcoin miners supplying energy to the grid let me show you bit coin miners have three things at their disposal they have an energy contract locked in at a cheap rate their computers and obviously the Bitcoin that they can produce with that kilowatt so

The value of that kilowatt to a minor has 12 cents but what if the price of energy on the grid was to rise to 15 cents instead of mining Bitcoin they could switch the machine off and Supply that power back to the Grid at 15 cents selling the price of energy down and

Stabilizing the grid

Video Transcript

I’ve got a secret for you for understanding the Bitcoin Network let’s see what you think Bitcoin has two worlds of producing energy the supply and that electricity is demanded by mining hardware and on the digital side hash power is produced by mining machines which supplies fresh blocks of

Bitcoin and transaction data that is demanding that space to be stored on the blockchain now the energy side and the finance side how do you understand them what is the best way to understand them well the secrets of the finance side is energy and the secrets of the energy side is

Finance Bitcoin is helping people understand that wealth is energy and energy is neither created nor destroyed only transferred it’s a very interesting concept and it should start your educational Journey

Video Transcript

This is a very interesting Bitcoin business case study he’s farming in the physical world and he’s farming in the digital world as a circular economy let me explain so the successful factors of farming which is highly competitive is that he’s going to need a lot of heat to

Keep his green houses warm to optimally grow the crops at the best rate the more crops he sells the more money he makes on the left the output the waste of mining Bitcoin is heat from the electricity so this farmer already needs electricity to make heat to warm his

Greenh houses but instead of just producing heat he runs the electricity through these computers so he creates one income stream for mining Bitcoin liquid he can sell it on the internet if he needs the money and he’s also growing produce in the physical world which needs that heat so it creates a circular

Economy of cost sharing the energy that is Energy Efficiency in a Bitcoin standard