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How To Shutdown Bitcoin #shutdown #btc #impossible #education

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Is even possible to shut down #bitcoin ? | #shutdown #btc #impossible #education

Video Transcript

Is it possible to shut down Bitcoin entirely and shut down the entire network well let’s find out Bitcoin is the people’s money which is data stored in nodes which is updated through the internet by hash power which is produced on mining Farms with hardware and those Hardware are all plugged into the

Electricity grids and off- grid as well and all of that power comes from energy producers to get rid of Bitcoin you would have to dismantle all six pieces you would have to stop the political power of people holding Bitcoin destroy every computer that stores the files destroy all internet connections between these

Computers destroy all the mining Hardware dismantle the electricity grids and switch off all of our power production you would have to switch off humanity and all the civilizational infrastructure as a whole I don’t think it’s happening Bitcoin is forever but

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The 2 Worlds Of Bitcoin | Physical & Digital

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Bitcoin, the first decentralized digital currency, straddles two worlds – physical and digital. In the digital realm, transactions occur through blockchain tech, ensuring security and transparency. Physically, Bitcoin can exist as coins or tokens, representing the digital currency’s value tangibly. This duality highlights Bitcoin’s appeal, bridging the virtual and physical realms.

#education #bitcoin #mining #hashpower

Video Transcript

Everybody understands Bitcoin as a digital asset but it actually has two worlds the physical world and the digital world let me show you Bitcoin the currency on the Internet is simply data and that data is updated every 10 minutes by hash power and that hash power is produced in the physical world

By mining Hardware which is kept online with electricity and that electricity is coming from all of our different energy sources of the world and so the physical half of the network is our production of energy electricity and Mining Hardware the digital side the digital Bridge Is hash power and hash power updates the

Blockchain to produce Bitcoin it’s a circular energy economy with two worlds physical and digital there’s also two ways to get your Bitcoin you either mine it in the physical world or buy it in the digital world

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HEAT: Bitcoin Business Case Study: Pt1 #energy #efficiency #nyc #mining

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Innovative Bitcoin Heating Solution in NYC!

Location: Heart of New York City
What’s Unique: A bathhouse using $20,000/month to heat pools differently.
The Twist: Instead of traditional heating, they mine Bitcoin!

How It Works:
Energy Use: Same as regular heating, but smarter.
Process: Electricity Microchips Mine Bitcoin Heat transfers to the pool.

Benefits:
Dual Revenue: Warm pools + Bitcoin income.
Energy Efficient: Combines two cost-sharing systems.
Competitive Edge: Lower rates for customers thanks to extra income.

Learn More: Dive into the world of Bitcoin businesses with Hashpower Academy.
#BitcoinHeating #Innovation #HashpowerAcademy

Video Transcript

Bitcoin businesses part one this is a New York City bath house that spends $20,000 a month heating this pool but instead of running the electricity to heat the pool through coils he run the electricity through microchips it’s the same energy the same Energy bill but the difference is if you run the energy

Through microchips to mine Bitcoin money and then the heat gets expended into immersion fluid and then transferred into the water that means that he’s created two revenue streams a way for his customers to enjoy the warm water of the pools but also a secondary Revenue stream of Bitcoin it’s Energy Efficiency

Because he combined two systems that cost shared the energy that is Energy Efficiency and it allows him to be competitive he could offer lower rates to his customers than his competitors because he has a secondary income stream into his business that is the Bitcoin business way

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The 3 Core Commodities Of The BTC Network: #electricity #hashpower #bitcoin

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We aim to outline the three fundamental commodities of the Bitcoin Network:
#electricity #hashpower #bitcoin
For more details, join our free course and portal!
https://hashpower.academy/courses/bitcoin-big-picture-basics/

Video Transcript

Bitcoin itself is not the only commodity within the network there’s three let me show you we produce electricity consume that electricity in machines to produce hash power hash power finds blocks of Bitcoin data and that data we call Bitcoin the commodity and so the three core Commodities are electricity hash power and

Bitcoin and so this flow of these three Three core Commodities electricity hash power and Bitcoin they also have metrics let me show you each one of these Commodities has a conversion metric mining Hardware is valued based on its efficiency which is its watts per terahash ratio how much electrical cost

It can convert into hash power which produces Bitcoin per terahash per day this one is Hash price

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Bitcoin Explained In Under 60 Seconds | #bitcoin #education

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If 60 seconds are not enough, check the free @HashpowerAcademy bitcoin course!
https://hashpower.academy/courses/bitcoin-big-picture-basics/
#bitcoin #network #education

Video Transcript

Let’s see if I can explain the Bitcoin Network to you in under 60 seconds are you ready let’s go whether you’re on the side of religion or science they all start with the same story something to do with energy and that is the production of energy is our civilizational infrastructure that is

The production of electricity and in the 21st century we all use electricity it’s extremely important and we’re moving everything on to an electricity standard but what if we have excess electricity well we could consume it in computers to produce heat to warm our homes or green houses but they also produce this

Digital commodity called hash power and hash power is simply compute power that is specific to mining blocks of Bitcoin on the blockchain and the blockchain all it does is store data and that data is financial data we call Bitcoin a monetary unit based on the energy sector

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What’s Inside A Bitcoin BLOCK? #halving #hashrate

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#fees #subsidy #halving #hashrate
What exactly is inside a bitcoin block?

Video Transcript

So in today’s ad hoc video what is inside a Bitcoin block every new block of Bitcoin issues 6.25 new Bitcoin and obviously people transacting they pay fees and so it’s Bitcoin already in circulation so that makes the two parts of the block the new supply of Bitcoin and new transactions

Being made on the network cuz all Bitcoin is is data this 6 .25 new Bitcoin per block every 10 minutes in April is going to get cut in half to 3.125 so 3.125 Bitcoin plus transaction fees will be the new value in each block and this will happen every four years it

Gets cut in half all the way to no new Bitcoin being issued and which means all 21 million Bitcoin will have been mind and none of us will be alive to experience it

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4 Ways How Bitcoin Miners Influence The BTC/USD Price

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Introduction

Bitcoin’s market valuation is often seen through the lens of its exchange rate against fiat currencies, primarily the USD. This metric, while commonly tracked, is a secondary consequence of more fundamental forces at play. Miners convert electricity into hashpower to update the blockchain to earn BTC. Miners sit at the intersection of Bitcoin’s energy value and its fiat price. They utilise the physical world’s resources to grow a pool of energy & infrastructre underneath the digital economy of Bitcoin, affecting its valuation in both realms.

Issuance Dynamics and the Bitcoin Mining Equation

Understanding the impact of miners on the BTC/USD price begins with a comparison of currency issuance:

  • Fiat Currency: Traditional fiat currencies, produced at negligible costs, are predicated on governmental decree and trust without a physical tether to a production costs
  • Gold: With an intrinsic value derived from the costs and efforts of mining and refinement, gold’s scarcity dictates its market value.
  • Bitcoin: Bitcoin mimics gold’s tangible cost of production in a digital format, translating a certain amount of electricity into a finite number of satoshis. This process enforces an absolute scarcity defined by Bitcoin’s fixed supply, allowing miners to accumulate rewards and transaction fees.

The Interplay of Energy Value and Fiat Price

Bitcoin’s relationship with electricity grants it a unique commodity-like feature where the Sats/kWh rate lays a foundation for its energy value—a stark contrast to the fiat-driven valuation. The BTC/USD price, while subject to speculation, investor sentiment, and macroeconomic conditions, is fundamentally a derivative of this energy value, constrained and influenced by it.

Market Phases and Miner Influence

Bull Markets: Mining Profitability and Revenue Optimization During a bull market, the disparity between the miners’ cost in dollars per kilowatt-hour and their revenue in BTC per kilowatt-hour widens, padding their profits. The rising BTC/USD price makes each block reward and fee more valuable in fiat terms, allowing miners to earn significantly more than during flat or bearish periods. With transaction volumes swelling and the fiat price reaching exuberant heights, miners are often seen as barometers for market temperature. A strategy shift can occur, where miners might reduce holdings, thus creating a selling pressure that can signal an upper bound for the bull market’s sustainability. Sideways Markets: The Miner’s Steady Hand In a market moving laterally, the BTC/USD price finds equilibrium. Here, miners’ earnings become particularly interesting; their constant production and sale of Bitcoin provide a unique economic heartbeat within the market. Miners sell their earned Bitcoin at market price, often at a profit considering their discounted production costs, reinforcing the sideways movement. Their operational costs, including the purchased energy, need to be met, and this consistent selling activity can keep the BTC/USD price in a steady state. Bear Markets: The Reality of Production Costs and Price Floors A bear market is where the cost of production becomes the focal point. Miners face tighter margins, and when the BTC/USD price slips below the break-even point, the economics of mining shifts towards considering the direct sale of electricity over the production of Bitcoin. This scenario sets an effective floor for the BTC/USD price based on energy costs. Miners holding contracts for electricity at lower rates can maintain operation, while others may cease or redirect their energy use, exemplifying the physical constraints within which the digital asset’s fiat price must operate.

Alternative Revenue and the Bottom Line

The adaptability of miners is most visible during tough market conditions. Innovative use of byproducts, such as heat for greenhouse operations, reflects miners’ efforts to diversify income and reduce waste. These alternative uses of mining byproducts can ease selling pressure on the BTC/USD price by providing miners with additional revenue streams. It’s also a testament to the resilience of the Bitcoin network. As miners diversify and optimize, they enhance the robustness of Bitcoin’s ecosystem, indirectly supporting the BTC/USD price stability.

Conclusion

The BTC/USD price is not merely a reflection of market sentiment but also a complex output of the energy input required to mine Bitcoin. This interdependence showcases the depth of Bitcoin’s design as an asset tied to the fundamental costs of its creation. As miners negotiate the fine line between their operational costs and the revenue earned, their collective behavior carves out the trends and thresholds of Bitcoin’s fiat valuation. Understanding this relationship is crucial for grasping the true drivers behind the BTC/USD price movements and the sustainable floor and ceilings these activities suggest. Miners, in essence, are not just participants but are essential shapers of Bitcoin’s fiscal narrative in the fiat currency domain.



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The exchanges are running out of Bitcoin!

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Video Transcript

[संगीत] ब

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The Economics of Bitcoin Mining: Buying vs. Growing

The Economics of Bitcoin Mining: Buying vs. Growing

“Buy the corn or grow the corn”

Have you ever thought about the economics behind Bitcoin mining? It’s a fascinating concept that revolves around the idea of producing Bitcoin at a lower cost rather than buying it at market rates. In this blog post, we’ll explore the economics of Bitcoin mining and why miners choose to grow their own Bitcoin.

Imagine you have the means to grow corn in your backyard. Would you rather do that at a fraction of the cost or buy it for a premium at a market? The same principle applies to Bitcoin mining. Instead of purchasing Bitcoin at prevailing market rates, miners set out to produce it themselves, often achieving a production cost considerably lower than the market price.

The cornerstone of cost-efficient Bitcoin production is an ASIC (Application-Specific Integrated Circuit) miner. This impressive piece of technology comprises dedicated power supplies, cooling systems, and uniquely designed chips for optimized calculations. The hashpower of each miner, denoted in $/TH (Dollars per Terahash), determines its efficiency and market value.

Efficiency is crucial in Bitcoin mining as it directly impacts the amount of Bitcoin produced for a given amount of electricity consumed. An optimally efficient machine can generate a more significant amount of Bitcoin with just 1 kWh of electricity compared to less efficient miners. Miners strive to optimize every available resource to ensure that every Satoshi of Bitcoin is produced at the lowest possible cost.

Bitcoin mining is not just about producing digital currency; it’s about doing so with precision and maximizing resources. Miners carefully calculate their costs and aim to minimize them to increase their profitability. By growing their own Bitcoin, miners can control the production process and reduce their reliance on market fluctuations.

As you can see, the economics of Bitcoin mining are fascinating. Miners are driven by the desire to produce Bitcoin at a lower cost than buying it from the market. They invest in advanced technology and optimize every aspect of the mining process to maximize their efficiency and profitability. Just like a farmer growing his own corn, Bitcoin miners take pride in producing every Satoshi of Bitcoin with precision and at the lowest possible cost.

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The Economics Of Bitcoin Mining: Buying Vs. Growing

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“Buy the corn or grow the corn”

Have you ever thought about the economics behind Bitcoin mining? It’s a fascinating concept that revolves around the idea of producing Bitcoin at a lower cost rather than buying it at market rates. In this blog post, we’ll explore the economics of Bitcoin mining and why miners choose to grow their own Bitcoin.

Imagine you have the means to grow corn in your backyard. Would you rather do that at a fraction of the cost or buy it for a premium at a market? The same principle applies to Bitcoin mining. Instead of purchasing Bitcoin at prevailing market rates, miners set out to produce it themselves, often achieving a production cost considerably lower than the market price.

The cornerstone of cost-efficient Bitcoin production is an ASIC (Application-Specific Integrated Circuit) miner. This impressive piece of technology comprises dedicated power supplies, cooling systems, and uniquely designed chips for optimized calculations. The hashpower of each miner, denoted in $/TH (Dollars per Terahash), determines its efficiency and market value.

Efficiency is crucial in Bitcoin mining as it directly impacts the amount of Bitcoin produced for a given amount of electricity consumed. An optimally efficient machine can generate a more significant amount of Bitcoin with just 1 kWh of electricity compared to less efficient miners. Miners strive to optimize every available resource to ensure that every Satoshi of Bitcoin is produced at the lowest possible cost.

Bitcoin mining is not just about producing digital currency.

It’s about doing so with precision and maximizing resources. Miners carefully calculate their costs and aim to minimize them to increase their profitability. By growing their own Bitcoin, miners can control the production process and reduce their reliance on market fluctuations.

As you can see, the economics of Bitcoin mining are fascinating. Miners are driven by the desire to produce Bitcoin at a lower cost than buying it from the market. They invest in advanced technology and optimize every aspect of the mining process to maximize their efficiency and profitability. Just like a farmer growing his own corn, Bitcoin miners take pride in producing every Satoshi of Bitcoin with precision and at the lowest possible cost.

The strength or capability of each miner is denoted by its hashpower, often expressed in terms of $/TH (Dollars per Terahash). This price point isn’t arbitrary. A miner’s efficiency – its ability to turn electricity into Bitcoin – directly impacts its market value. An optimally efficient machine can take 1 kWh of electricity and generate a more significant Bitcoin amount compared to its less efficient counterparts.



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