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Bitcoin Mining Explained Video Transcript: What is Bitcoin mining? Does it mean I can generate free Bitcoin from my computer? Is it still profitable to mine Bitcoin these days? Well, stick around… Here on Bitcoin Whiteboard Tuesday, we’ll answer these questions and more. Bitcoin was created as a decentralized alternative to the banking system. This means that the system can operate and transfer funds from one account to the other without any central authority. With a central authority, transfering money is easy: Just tell the bank you want to remove $50 from your account and add it to someone else’s account. In this case, the bank has all the power, since the bank is the only one who is allowed to update the ledger that holds the balances of everyone in the system. But how do you create a system that has a decentralized ledger? How do you give someone the ability to update the ledger without giving them so much power that they will become corrupt or negligent in their work? Well th...

Everything you need to know about Bitcoin mining Video Transcript: What is Bitcoin mining? Bitcoin operates as a peer to peer network. This means that everyone who uses Bitcoin is a tiny fraction of the bank of Bitcoin. But where do Bitcoins come from? With paper money a government decides when to print and distribute money. Bitcoin doesn’t have a central government. With Bitcoin, miners use special software to solve math problems. And are issued a certain number a bitcoins in exchange. This provides a smart way to issue the currency. And also creates an incentive for more people to mine. Since miners are required to approve Bitcoin transactions more miners means a more secure network. The Bitcoin network automatically changes the difficulty of the math problems depending on how fast they are being solved. In the early days, Bitcoin miners solved these math problems with the processors and their computers. Soon miners discovered that graphics cards used for gaming were much better...

How Does Bitcoin Work? Say there’s a coin that’s currently worth hundreds of U.S. dollars, but it’s not made of gold, or platinum, or any precious metal. In fact, it’s not the kind of coin you can hold in your hand or stick in a piggy bank. It’s a digital currency, which means it only exists electronically. I’m talking about bitcoin. Bitcoin doesn’t work like most money. It isn’t attached to a state or government, so it doesn’t have a central issuing authority or regulatory body. Basically, that means there’s no organization deciding when to make more bitcoins, figuring out how many to produce, keeping track of where they are, or investigating fraud. So how does bitcoin work as a currency, or have any value at all? Well, bitcoin wouldn’t exist without a whole network of people and a little thing called cryptography. In fact, it’s sometimes described as the world’s first cryptocurrency. And here’s how it works. Bitcoin is a fully digital currency, and you can exchange bitcoins betw...

hi I’m Jonathan this is brainstuff and I’ve got some bad news for you money is imaginary now I don’t mean that this printed piece of paper is make-believe I can feel its texture and the ink even smudges off on my fingers but when you compare it to this other piece of paper what’s really the difference well one is a recognized currency and the other isn’t and the reason why well people agree that this piece of paper is a dollar and has value that’s where money’s worth comes from we all pretend it’s a currency this is one reason why the digital currency Bitcoin appeals to some people see it’s not tied to any political system or government so it’s not vulnerable to any of their failings like the economic collapse in 2008 all it needs is for people to believe in it but lately well some people are having a crisis of faith that’s why today on brain stop we’re going to quickly establish some facts about Bitcoin to better inform your beliefs about it now basically it’s virtual money you can ...

Video Transcript: What is Bitcoin? Bitcoin is the first decentralized digital currency. Bitcoins are digital coins you can send through the Internet. Compared to other alternatives, bitcoins have a number of advantages. Bitcoins are transferred directly from person to person via the net without going through a bank or clearinghouse. This means that the fees are much lower, you can use them in every country, your account cannot be frozen and there are no prerequisites or arbitrary limits. Let’s look at how it works. Several currency exchanges exist where you can buy and sell bitcoins for dollars, euros and more. Your bitcoins are kept in your digital wallet on your computer or mobile device. Sending bitcoins is as simple as sending an email and you can purchase anything with Bitcoin. The Bitcoin network is secured by individuals called miners. Miners are rewarded newly generated bitcoins for verifying transactions. After transactions are verified they are recorded in a transparent pu...

hi I’m Jonathan this is brainstuff and I’ve got some bad news for you money is imaginary now I don’t mean that this printed piece of paper is make-believe I can feel its texture and the ink even smudges off on my fingers but when you compare it to this other piece of paper what’s really the difference well one is a recognized currency and the other isn’t and the reason why well people agree that this piece of paper is a dollar and has value that’s where money’s worth comes from we all pretend it’s a currency this is one reason why the digital currency Bitcoin appeals to some people see it’s not tied to any political system or government so it’s not vulnerable to any of their failings like the economic collapse in 2008 all it needs is for people to believe in it but lately well some people are having a crisis of faith that’s why today on brain stop we’re going to quickly establish some facts about Bitcoin to better inform your beliefs about it now basically it’s virtual money you can ...

Video Transcript: What is Bitcoin? Bitcoin is the first decentralized digital currency. Bitcoins are digital coins you can send through the Internet. Compared to other alternatives, bitcoins have a number of advantages. Bitcoins are transferred directly from person to person via the net without going through a bank or clearinghouse. This means that the fees are much lower, you can use them in every country, your account cannot be frozen and there are no prerequisites or arbitrary limits. Let’s look at how it works. Several currency exchanges exist where you can buy and sell bitcoins for dollars, euros and more. Your bitcoins are kept in your digital wallet on your computer or mobile device. Sending bitcoins is as simple as sending an email and you can purchase anything with Bitcoin. The Bitcoin network is secured by individuals called miners. Miners are rewarded newly generated bitcoins for verifying transactions. After transactions are verified they are recorded in a transparent pu...

Financing Careers A Continuous Demand in The Future Your decision to have a financing profession can be a start of something huge for you. According to newest work and service patterns, the growth of the world economy plus the increasing number of individuals retiring in the next years will create a demand for financing experts. If you're currently in the market, then it is potentially the very best time to take post graduate courses to increase your chance of landing better chances when the financing profession employment peak begins. And if you're just entering college, a profession in financing may be something that you should truly consider. Prior to even considering a career in finance, the field does require a certain level of abilities and understanding which you can learn. Financing specialists are expected to arrange, evaluate and translate mathematical and monetary data. They are anticipated to get to sound choices based upon the information that they have...

What is Value Investing? Different sources specify worth investing differently. Some state worth investing is the financial investment philosophy that prefers the purchase of stocks that are presently costing low price-to-book ratios and have high dividend yields. Others say worth investing is everything about buying stocks with low P/E ratios. You will even often hear that value investing has more to do with the balance sheet than the earnings statement. In his 1992 letter to Berkshire Hathaway investors, Warren Buffet wrote: " We think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking worth at least enough to justify the quantity paid? Purposely paying more for a stock than its calculated worth - in the hope that it can soon be sold for a still-higher cost - should be labeled speculation (which is neither prohibited, unethical nor - in our view - financially fattening).". " Whether appropriate or...