Video Transcript

There is two direct ways to acquire Bitcoin you either convert electricity into Bitcoin or you convert dollars into Bitcoin that is mining versus buying the original founder of Bitcoin Satoshi Nakamoto he didn’t buy his Bitcoin on an exchange he produced it himself mining is the original onr into Bitcoin and

Buying is the one that everyone just uses now for Simplicity let me take you through the nuances of both options what you see in front of you is a break even analysis comparing quantity of Bitcoin over time when you buy a Bitcoin say one Bitcoin you’ve got all 100% of

It and over time that one Bitcoin doesn’t change but what if you mine Bitcoin you purchased one bitcoin’s worth of mining machines and your goal would be to reach that one Bitcoin Target if you mined more than one Bitcoin it means that mining was more profitable than buying over time