If you are interested in bitcoin you have probably thought about mining, maybe you have even been curious enough to look at the statistics on a dashboard. You might have seen some of this terminology…….
Hash Rate, Chain Work,Chain Rewrite Days, Annual Mining Revenue, Difficulty, Difficulty Epoch, Last Difficulty Change, Block Time, Estimated Difficulty Change, Block Time,Block Subsidy, Subsidy Epoch, Blocks to Halving, Halving Estimate or Predicted Next Block.
But what does it all mean, what can we do with this information and how can it help us understand bitcoin better?Â
Our guest today @JonPDiGiacomo is here to explain in plain language. Jon has been on the show previously and become a good friend. Listen out for more episodes to come.
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Full episode with Jon - https://ungovernablemisfits.com/podcast/home-mining-bitcoin-is-punk-rock/
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Bitesize Bitcoin is a new show with short sharp audio clips to help listeners learn about the more technical aspects of bitcoin. There is allot of specific terminology used in the bitcoin space and I want these episodes to help break things down.
Please feel free to share to loved ones and others interested in learning about this world changing technology. Please also let me know if there is something you would like covered and I will do my best to help.
As always please feel free to reach out and ask me any questions.
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Today you can exchange $1 for 2251 Sats (Sale ends soon.)
Thank you Foundation Devices for sponsoring the show. Use code BITBUYBIT at check out for $10 off your purchase
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