What is Bitcoin Mining? (In Plain English)

48 Comments

1. CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
   Stay safe ??????

2. Bitcoin is the most profitable investment online if only you trade with a professional broker..

3. This bit coin mining "system" sounds like a psyop for stupid people. At the end of the day, there is still nothing to back to the system. This sounds like something that someone who actually believes they live on the exterior surface of a spinning sphere of mostly water would buy into. Just sayin'.

4. "Bitcoin mining in plain English". Utterly lost and confused within 1 minute.

5. Wow, this is the most informative video on mining out there!

6. This video only made it much clearer that Bitcoin is nothing but a speculation. It's an equation that leads to nowhere and only generated a value because someone made others believe it is something. huh???

7. I feel like just buying Bitcoin would be best.

8. Plain English ?????mtchewww. I did not understand anything

9. Where are bitcoins located who created them and why are they valuable

10. my headache now has a headache. I'll never understand all of this

11. Crypto should be transparent and it isn't as easy as people thinks it is, there are so many strategies to be learnt and unfoIded about Bitcoin trading.

12. Nice

13. Sounds like a great job for nerdy slobs who can't hack the effort it takes to work for a living.

14. And this mans said “in plain english” obviously I need to goto to school lol

15. So, what's bitcoin mining?

16. ?????

17. I'm still solving the square peg in the round hole problem.

18. So Bitcoin was invented to take power away from the hyper rich Banks. After the few years its been in operation the Bitcoin financial power is owned by the few hyper rich miners.

19. I finally understand! Thank you!

20. very thorough. you're a good teacher

21. Wow ? very interesting ? and helpful thanks ?

22. "plain English"

23. I finally found someone who explains it clearly! Thanks!

24. So hashing is nothing more than a brute force attack?.

25. They should invent black hole mining. Real energy!

26. So its still not a real product. It doesn't produce anything. Just money out of thin air. Seem like the same thing as paper money.

27. I'm still confused.

28. This is one big scam. You may not understand it, but that is by design. This is a high tech Ponzi scheme. Just like a run on the bank, if everyone tries to pull out, then the gig is up. Money in, Digital fluff out.

29. Hmmmm am I the only one still waiting for him to explain it in English

30. Oh I have to say is: I GIVE UP ?

31. In the first minute, i got totally confuse. Then more confuse. Then more confuse, then little more. Then i stopped it.. ??

32. XRP $10 ????

33. who wants to be a banker? isn't it the 'One' that can afford the most powerfull computer on earth?

34. I see. Now, explain this to me like i was a 5 year old..

35. Soooo I don’t need this pick axe? ?

36. Fuck Me!! THAT's plain english???????

37. In all the videos I've watched in the last week no one has compared the hash rate to guessing. Now I get it. I guess.

38. ???

39. So basically you're saying an EMP can pretty much wipe out your whole account.

40. Me learning what's mining when Tesla stopped using bitcoin ???

41. If I was really bored this would probably be interesting.

42. Um what the fuck

43. Just give me the 2 second answer not the 16 min answer.

44. I need whatever is more simple than “plan english”

45. 99Bitcoin: Well now that YOU KNOW what Bitcoin mining is…

    Me: Who know? ???‍♀️??‍♀️?

    looks around for anyone who appears to be knowing

    Who he looking at, cuz ????‍?

46. I can never recover the 16 minutes I just lost.

47. So…this didn't help at all lol if anything, I'm even more confused now

48. Lol plain english

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