Nodes—are you ready for their truth? In Bitcoin’s circular energy money economy, holders pay to store data on the blockchain, miners cash in to add blocks, but nodes? They’re the unsung volunteers holding it all together, storing every transaction’s truth. From Bitcoin Core to Knots, miners to Mara, I dive into the heart of the network. Too much cost on nodes could break this balance—think mempool bloat, OP Return, Runes, Ordinals, even ETFs and NFTs clogging blockspace. Developers shape the rules, but nodes enforce them. Watch now—uncover why nodes are Bitcoin’s backbone and how to keep them thriving!
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Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin
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Video Transcript:
Hello there and welcome to the HashPower Academy. My name is Jacob Scandalan. I’m the lead educator here at the academy and this is your place to learn anything and everything to do with Bitcoin from the fundamentals. Now the topic of today’s video is looking at the current debate uh with the Bitcoin community, Bitcoin core and their decision to want to increase the OP return limit which allows essentially more arbitrary information to be able to store in the Bitcoin blockchain. And the key question for you is what price would you pay? What price should you pay to store information online forever? And the the back end of that very interesting question is that the Bitcoin nodes are the volunteers of the Bitcoin network. They are storing all of this transaction information. Tik Tok next block. That is a group of people all around the world, thousands of them that all individually have a storage device for storing all of our transactional truth because you can only add Bitcoin blocks to the chain with an expended amount of energy from the mining sector producing compute producing Bitcoin. and those holding Bitcoin, those are the ones paying to store their transaction information in the Bitcoin blockchain. So the nodes are a series of interconnected people having updates from the miners of a new block for new transactions to be stored and they are being informed as to that minor saying, “Well, I want to store this group of transactions in the blockchain.” And you got everyone holding Bitcoin and those running nodes broadcasting that they want to store their transaction information in the block. And so the nodes are these volunteers in the middle whilst the Bitcoin holders are paying fees to the miners and the miners are continually adding more blocks to the chain to collect those fees. So miners are incentivized to produce as much block space as possible because they get paid for doing so and they get subsidy as well. And subsidy right now is the majority of a miner’s revenue. It’s 98 99% of the total block reward of both subsidy and fees. But we inevitably into the future go to a point of time where there is no more subsidy. the 21 million units of digital real estate of Manhattan, the first purchases of this prime digital real estate that is a bidding auction of electricity and compute that is continued now for over a decade at least and is going to go forward multiple more decades 100 plus years of the bidding auction of electricity and compute into Bitcoin. But with price sitting on top as well, uh price has been the one thing that a lot of people have focused on the most. But let’s go back in time. Let’s go back to the dawn of Satoshi Nakamoto consuming a small amount of energy in his CPU to produce a small amount of hash rate which he produced his own Bitcoin blocks and stored his own Bitcoin with his own private key. And so you have this complete vertical integration of all the responsibilities and node running at the start of Bitcoin was that functionality that every computer was producing hash rate, producing blocks and preserving their own private keys. And so at the dawn of time, mining wasn’t an industry. and holding your private keys and being a Bitcoin holder wasn’t an industry in the sense of it’s fragmenting now into wallets and platforms and exchanges and layer twos and ETFs that on the financial side above the Bitcoin blockchain the responsibilities of holding your own private keys has obiscated. If you’re if you’re holding your Bitcoin with an ETF, you’re essentially, you know, letting someone else be responsible for your for your digital money. That is a double-edged sword. And then on the mining side of things, as mining got harder and harder because as more people uh joined the party to get their slice of the cake, more people, smaller slice. And so the the timeline of mining has required more energyintensive, more efficient computers and it’s broadened out into its own industry. It’s a m mining is a multi-billion dollar industry and it’s delving deeper and deeper into the energy sector. And so you’ve got everything underneath Bitcoin producing blocks expanding out into the energy sector. And you got everything in the financial side expanding out into the financial sector. But what has not changed in the middle? It’s those that run a node. That you’ve got the miners incentivized to add more information to nodes broadcasting blocks of, hey, take this file, add it to your file storage, and let’s all preserve the transactional truth of the Bitcoin chain. And you’ve got holders performing all different types of economic activity all across the planet wanting to pay to store their information in the blocks. But the nodes in the middle are the volunteers. And so going from the past of all responsibilities to produce blocks, store blocks, and own the information, the Bitcoin data money in the blocks started as one in the same job role. But coming to the present, we’ve got now a system which is adding 50 to 100 gigabytes of data uh every year and that will increase. Why? Because if we increase the amount of arbitrary non-information that’s not monetary in form, different file types so to speak into Bitcoin blocks, yes, it does stimulate an increase in the fee rates. Miners, well, well, like Marathon, they are allowing these large files to be stored in Bitcoin blocks because they’re paid for doing so. So to miners, they care about the uh the fee rates because inevitably subsidy disappears and you’re only just getting paid fees. That is the inevitable finality of mining from the mining perspective. that miners are when subsidy is gone, miners will be able to arbitrage, energy, compute aspects of heating systems and selling electricity, but it’s all priced and benchmark against the amount of Bitcoin they can capture per block mined. And so their avenue to capturing this Bitcoin is to store as much information in the block. So this just helps you understand where the miners sit in this debate. And then people holding Bitcoin, they want the fee rate to be as low as possible. So So the access to block space is cheap. So you got miners who want the fee rate to be high as high as possible and Bitcoin holders that want the fee rate to be as low as possible. And interestingly enough, from the things that we teach here at the Hashpower Academy is block rewards get priced against a miner’s compute and energy. If block rewards go up, the value of hardware goes up. But also, the price in which miners are willing to sell their electricity goes up. Alternatively, if you’re holding Bitcoin and the fee rate is really low, the amount of electricity you can buy with your Bitcoin increases. So, paradoxically, the lower the fee rate that the amount of uh sats per virtual bite that you need to to store your transaction information in blocks, uh well, if the fee rate is really low, your Bitcoin allows you to buy more electricity and thus increasing its purchasing of power by literally uh being able to buy power from miners in in a future state. And then the miners, they want to be paid as much. And so holders want naturally low fee rates, but right now blocks are empty. And on the mining side, yeah, blocks being empty is an economic problem to the security budget. The the difficulty adjustment increasing is that as price and the value of Bitcoin increases, its security is increasing in tandem, which is important. And I think the key danger point is if we ever see one four-year cycle where difficulty does not increase, that would be the key danger I I believe for Bitcoin. And then what doesn’t change, we’ve talked about the past where it all used to be one in the same role. You ran a laptop, produced your own block, stor stored the information, and owned your own Bitcoin with your own private keys. And now it’s expanded out into wallets, apps, IUS, and not even running a full node anymore. People have pruned nodes and partial nodes and mining where the majority of miners don’t even run a node. They are just hash rate sellers. They’re not producing their own blocks. They are selling their hash rate, the the compute commodity, so to speak. They’re selling their hash rate to a mining pool and being paid Bitcoin whilst the whilst the mining pool is the the the the business entity of running a node so to speak. And mining as a mining and holding Bitcoin are the economical circulating economy around the nodes, but the nodes still in the middle are volunteers. So this is a very tricky and in intricate conversation when looking into the future. From my perspective, we’re coming from a debt-based money system going onto an energy based money system. We’re in the the ter the tumultuous change in that process right now in the point of time. And I believe if blocks are empty, that’s a problem. So, I don’t think this is I’m going to put out a an idea and I don’t think it’s the right or wrong approach, but I’m obviously looking for people’s thoughts and feedback that have a more technical leaning understanding of of Bitcoin from its from its uh developer sense, which is if blocks are empty, maybe the OP return limit should be slightly higher, but use the difficulty adjustment as as an aggregate for lowering and increasing um the the OP return so that in the peak of the bull market when there’s a lot of transactions flowing around um get rid of the arbitrary information essentially. But in the bottom of the bare market where the p you know the block space is empty and we’re just depending on subsidy which you know that’s not where we want to be. Then maybe open it so that blocks are being filled. But that that does endanger Bitcoin to becoming a cloud storage system. And I do believe that miners will have a lot more economic opportunity in not just hoping and crossing their fingers that the benchmark of their income is based on block rewards, but I believe that block rewards for miners are the least interesting final outcome for their use of compute. that there is, you know, the compute in of itself is the the representation that energy is available in the Bitcoin network and that energy can be sold and it’s being priced against um the fee rate of block rewards. the the global electricity grid of the blockchain comparing to their local uh energy availability that they’ve got a power contract with a quantity of kil and uh as their input and they got an output of bitcoin being mined and they can directly price those two and as they find buyers of energy the more they switch their machines off the more money that miners can earn. So I do see that miners should be building out in the physical root system instead of in the digital ethereical hope that other people’s other people uh take the cost of storing transaction information um aka the volunteers having to well we’re imposing more cost on the volunteers by having them store pictures and videos and music in the Bitcoin blockchain because the nodes if there is more cost to running a node less people will do it. That it’s great that there is mining on the physical side of Bitcoin’s decentralization fragmented across every country, every electrical grid, off-grid um with using network communications such as satellites um and ground stations and and the the internet in of itself is very decentralized. Um, but that digital side of decentralization, the transactional truth of that file, we want that in the hands of as many people running as many nodes, because if you think of the the millions that hold Bitcoin, and then the tiny percentage that run a node, that that truly began with the fragmentation of updating the blockchain, storing the blockchain, and owning the information on the blockchain. as those three fragmented out into finance and energy and running a node in the middle sort of became an enterprise business for mining pools which are still a for-profit business. That fragmentation I believe is where the problems began with people truly trying to wrap their head around the importance of running a node. So the key takeaway is run a node and if you believe that the op return limit should be higher, run Bitcoin core. If you believe it should be lower and you should just store monetary transaction information of economic activity on the network um in in a in a strictly monetary focus the the fragmentation of the central banking system debt based money um and transitioning onto an energy based money. Well, that’s that’s the path that I believe is is the most important from my side of things. I think the second most important transaction type that’s nonmonetary should be electricity because you’ve got you’ve got mining infrastructure deployed across the planet which is continually observing what’s happening on the blockchain already for the majority and it’s the other side of that trade is is is power markets. I do believe that that there should be some form of layer two that has net settlement to the Bitcoin blockchain to aggregate the amount of electricity being consumed and even pricing and trading of energy because as I’ve said there’s already a pricing system that miners right now especially in Texas if you if you Google demand response Bitcoin mining it will come up that miners are literally observing what’s more valuable with my power contract sell the power for X amount per kilowatt or mine into Bitcoin x amount per kilowatt. Which one pays me more? Machine off, sell the power. Machine on, consuming to produce Bitcoin. And that that means that Bitcoin’s most intrinsic market activity is not just block space, but also with energy markets. So, I believe if there was anything non-monetary that should be stored in the Bitcoin blockchain, it should be net settlement of energy trading. But that’s just me. Thoughts, comments, questions, queries? Um, I’m going to start adding links and donation things in the in the description because YouTube have demonetized me. Thank you very much. It’s just uh put an even bigger fire under my backside and um I’ve got to find other ways to keep this channel going because the time and energy to make this content is very important but also important for education. Thank you for listening. Hope you enjoy and I will see you in the next one. Goodbye.
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Bitcoin: Mining ONE BLOCK 🟧⛏️ per day | Hashpower Academy
Youtube VideosEver wondered what it takes to mine one Bitcoin block per day?
In this video, we dive deep into the electricity and computational power required to achieve this feat. From hash rates to energy costs, we break down the essentials of Bitcoin mining and explore the broader Bitcoin ecosystem. Learn about the technology, economics, and strategies behind mining, plus insights into how public mining companies and treasury firms are navigating the crypto space. Whether you’re a crypto enthusiast, investor, or curious about Bitcoin’s future, this video is your guide to understanding the backbone of the blockchain!
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This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
Video Transcript:
Hello there and welcome to the Hash Power Academy, your place to learn anything to do with Bitcoin. The topic of today’s video is understanding what it costs in electricity and hash rate and how much you earn in Bitcoin by mining one block per day. Wouldn’t that be interesting? So, first and foremost, let’s understand that there is 144 blocks distributed to the entire network per day. Now to be one of those you need to represent 144th and the cost in that is quite lengthy. The first thing to understand is why is there 144 blocks a day? Well, the network and the blockchain in of itself is also referred to as the time chain because the Bitcoin software is trying to regulate the amount of time and keep it constrained to about 10 minutes. Why? Because the amount of hash rate of all the different miners coming online, producing and finding blocks, adding it to the chain, well, it’s not exactly 10 minutes. And so that difference, that change that if blocks get faster and less than 10 minutes or slower, more than 10 minutes, that the network looks back 2016 blocks, two weeks roughly, to approximate how long did that two week period get shortened to or lengthened to. And if it gets shorter, difficulty increases. So the regulation of 144 blocks per day is what the software is trying to do no matter how big the network gets. And so to understand how much you’re getting by producing one block a day, let’s understand all the different pieces. So 144 blocks approximates to about 450 Bitcoin of subsidy. Now this is the key easy one. 3.125 subsidy per block. That’s the easy one, right? Next one down. So 144 and you represent one of those blocks. The network hash rate I’ve used a,000 xahash because by the time you could get enough hash rate to mine a whole block, the network’s probably going to be bigger because it’s always growing and the difficulty is always increasing. And the easy numbers here is that you can divide a,00 x a hash by 144 because we’re just representing one and it’s 6.94 or something like that. Let’s round it seven. So you need seven xahash of hash rate online racked and hashing to produce one block per day with a th00and xahash network which is 144. Now 7 x aash represents 7 million terraash. That’s a lot of hash rate. It’s a lot of heat as well. And there is a conversion with those computers. So to understand how much energy we would need as well. Well, we can divide sorry we can multiply the amount of hash rate by the efficiency. Now megaww per xahash is the same as jewels per terahash. It’s just bringing the numbers down by a factor on both sides. So, it’s a multiplier here and that gives us I’ve prepared the numbers quite easily. 7 * 14.28 is 100 megaww. And here’s where it gets interesting. If a very large hydropower station produces about 100 megawatts of power and one block can be mined with 100 megawws of power. It means that the network right now at scale is about 144 hydro power stations in terms of power source. That’s a good little way of sort of comprehending the scale of this system. 144 100 megawatt power stations and that’s using this efficiency. The average efficiency of the network is still closer to 20. So it’s a lot more power in a sense. And so we’re transitionally going to see more efficient compute come up come online over time. That’s what kicks off the old machines of the network or distributes them more more locally to more rural communities as such. But yeah, this is a an interesting way to sort of work your way through the commodity chain of electricity, hash rate, and bitcoin with your one single block example. If you want to scale to the size of a 100 megawatt site producing 7 million terraash to mine your one block and earn 3.125 Bitcoin per day in this 4-year period. Well, these are the numbers that you need. Thank you for listening. I hope you enjoyed and I’ll see you in the next video. Goodbye.
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Decentralise the Expansion of Bitcoin | Hashpower Academy
Youtube VideosCan Bitcoin stay decentralized as it grows? I dive into its network components, comparing IOUs like MicroStrategy, exchange balances, and ETFs to self-custody with private keys—your key to true ownership.
Solo mining vs. pooled mining? Pools dominate for economic reasons, but decentralization hinges on no pool projecting more than 50% hashrate (like Ghash.io’s 2014 scare). From nodes to miners, I unpack how collective efforts keep Bitcoin free.
Watch now—secure Bitcoin’s decentralized destiny!
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Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
Video Transcript:
Hello there and welcome to the Hash Power Academy, your place to learn anything to do with Bitcoin. The topic of today’s video is looking at decentralization in all its particular components, but we’re also going to compare it to centralization and why people choose different things. It’s conveniences, efficiencies, comforts, trust. There’s all several different pieces to it. But what we’re going to do with this video is look at the word decentralization in all its different areas of the Bitcoin network. And what is decentralization and its importance to Bitcoin? It’s fundamental to the success of Bitcoin for this particular reason. If you and I are going to store our time and energy, our work in a form of money at a planetary scale like Bitcoin, we need to make sure that it serves everyone. And what I mean that is it needs to fragment all of the power aspects of the system. The power structures whether it’s electricity hash rate or bitcoin in of itself. All those different pieces need to fragment down to the individual as much as possible. And this is important, but we will never reach that pure 100% perfection of absolute decentralization to every single last individual on this planet because not every single person is going to involve themselves in all these different pieces. And so with this video, we’re just going to explore different areas as to why centralization has occurred as well. And decentralization is going to change over time because for example inevitably a lot of miners use pools and there is a whole group of pools that you can put in a pie chart and China and the US are always more than 50% of that with some few other smaller pools. So, even though I’ve shown you a whole list of different centralized versions, all these big C’s in red and then decentralized counterparts. We’re seeing these inevitabilities that people are going to use a mining pool for example, but at making sure that even these centralized entities that represent large groups of Bitcoin miners that even they themselves try and decentralize by not having too much of the hash rate. And so these are different important pieces that they’re going to develop over time, but they do represent the fundamental technologies and commodities of the economic energy ecosystem we call Bitcoin. So let’s dive in top to bottom. Bitcoin I use. Are you the one holding your private key? And your private key allows you the secret access to a particular wallet that everyone has a copy of. if you are running your own node versus just having a wallet. So your private key represents your prosperity, your ability to spend without permission. You do not have to ask permission from every anyone. If you hand your Bitcoin to Michael Sailor or any of the treasury stocks to create some more reward potentially, you’re also trading for risk. You’re trusting your Bitcoin in someone else’s hands. And trust in the financial system is very much what it depends on at the moment. And everyone that’s grown up today have come have been born into a system of debt based money where we’ve all trusted our time and energy in the hands of people that gave us more units interest. But by the time you spend the money, it buys you less. So there is theft in that system, a theft of our time and energy. And so that ability to also access the money is also important because when there’s a problem with the trust model of our current financial system and everyone rushes in to try and access their money, oh there’s no more cash anymore and there’s no lining up at the ATM. And so self custody is the prosperity side of things where you need to have an economic access to any of your time and energy that you’ve preserved in this system. So, at least having a decent percentage on if if not the majority of your Bitcoin in your own hands is important. Again, I’m not trying to make people do anything. It’s about optionality. you can go and take more risk, but this one’s a lot more rewarding, especially looking back to the historical nature of all the different things that have gone wrong within the Bitcoin space and different entities such as FTX and all the other different types of exchange hacks and problems. And you know, the the thing that stood the test of time is people that had their own Bitcoin in their own wallet with their own private keys. That’s just the hard facts. Now, when it comes to the particular wallet that you may use versus running a full node, there is a lot of people that they aren’t transacting themselves that if they send Bitcoin through a wallet that that those requests to send their own money are not going through their own node, it’s going through someone else’s node. And so, wallets represent these centralized custodians of a lot of Bitcoin as well. The alternative is to use your own node that when you transact and broadcast your transaction to the network that’s going through your own node. And the other side of the Bitcoin node uh discussion is data that if you have a full node, you have absolutely every different component of transactional truth, every single block going down to the first one stored in your own hands. And so you can verify all the different transactions and different Bitcoin and different wallets. And this is important for any form of receiving payments as well. And so if you’re just using some wallet, you are entrusting the information that others provide you instead of verifying it yourself. That’s not good. Again, recommending run a full node and self custody. We’re just going to highlight these in green as we go. Next one down. We’ve done own, we’ve done read, let’s do right. So, lottery and luck. Why do mining pools exist? Mining pools exist for the convenience of more frequent payouts. And this is particular in the example of there only being 144 blocks per day. This is why other people call it the time chain as well because the blockchain time chain it’s regulating the pace of blocks to 10 minutes which means there’s about 144 per day and when there’s only 144 per day let’s say there’s 144 miners with one computer represents the network roughly over time multiple days you’re going to get about one block per day but if the network hash rate were to grow in size 10x you as an individual miner, you would be getting a block not every day, now every 10 days. Now, what if it’s 100x? You’re not getting a block every 1 day or 10 days, it’s getting every 100 days. And so, if you’re using a mini miner, you’re just about never going to get a block. This is why it’s called lottery mining. Now, it’s a trade-off type of thing where mining pools allow a centralized convenience, which is they’re collecting the hash rate from lots of miners from all different places altogether to concentrate that frequency of how quickly they find a block. The more blocks paid and distributed out to said Bitcoin miners means it improves the frequency of payouts. This is important because miners are also contending with an electrical bill which say comes every month. So they need to make sure that they’ve earned enough Bitcoin per month to manage the cash flows of continually having to pay a dollarized electrical bill against Bitcoin block rewards that they may earn or distributed through a mining pool. So mining pools are this maturity of the the commercialization of issuance power in the Bitcoin network. and even in of themselves that they have these very large pools um such as Foundry and Antpool that they they hold significant amounts of the hash rate of the entire network. So even though we have these centralized entities called mining pools that centralize the hash rate to provide quicker payouts which are very helpful to miners, we want to make sure that no pool in of themselves gets too big. And so any pool getting closer and closer to that 50% of the network mark, not good. And so it’s important that miners know that they switch their hash rate if a pool’s getting too centralized. But there’s also other things such as uh OFAC compliance and all these sorts of things that come into this side of things. But let’s get down to the hardware layer. So these three components represent the digital layers of the Bitcoin network and these three represent the physical. And the great thing about the physical side of the Bitcoin network is it’s more decentralized in a sense that it’s got physical constraints. Everything on the digital side has a lot more ease to be grouped and centralized together for all the different efficiencies of trade and and frequency of payouts. the data side of things. There’s another example for centralization of the blockchain which goes into the layer twos. There is a lot of people that don’t run their own servers locally. They use things like Amazon web server. There’s a large percentage of lightning nodes that are all using AWS centralized all from one provider that could just switch the whole lot off but that would be chaos. But let’s dive onto the physical side. So if you are mining with your own hardware at home, that’s great, but not everyone can do it because of electrical constraints. And so there’s things such as hosted mining, which you could say is centralized in the sense of uh a single Bitcoin mining site can have thousands of machines, but each different machine may be uh owned by different people, but it’s it’s still centralization at a local level. You can’t run half the network in one particular location. So again, the physical side of Bitcoin’s network is a lot easier to decentralize and self mining is that path to you unlocking the energy side of the Bitcoin network which delves us into the future. So what you need to selfmine is an access to power. uh you’re either buying your power from some form of national grid or you’re producing your own power or in combination with a small local community on a micro grid. And what this represents is a way of essentially accessing power in a less risky way. Because here’s the thing, when the lights go out, where there’s a power cut on national grid scale, it’s a system represents millions of people in some countries. And when it goes down, it’s chaos. You you completely realize how dependent you are that the fridge doesn’t work and I can’t charge my phone. It’s about to die and where’s the candles and all these sorts of question. There you go. You’re going back to a more basic energy source like candles and fire and do you have a lighter which these are the little things that if you go wandering off into the forest, a lighter is the difference between life and death. if you don’t want to sit there and make friction friction related fire for 30 minutes. So the national grid level is to the micro grid level and again people are not going the majority of bitcoiners are not going to make the effort to go to this depth of layers but there’s also going to be bitcoiners that will passionately want to build micro grid communities and stuff like that. Again drop me an email if you’re interested in such stuff in [email protected]. academy. And this truly comes to the final discussion of this video. Government dependency versus self-sufficiency. The collective versus the individual. Now, self-sufficiency is essentially the representation of all these components. Do you have an aspect of an ability to produce power? If you do, you are completely separate from the rest of society that depends on the tap working and the lights staying on. If you have access to produce your own power, there’s just slightly less headache and stress of worrying about the chaotic world that we’re currently in. If you produce your own power, you vertically integrate yourself into having electricity for yourself and others. and the wasted electricity you can mine yourself to produce your own blocks or yes use a mining pool or use a mining pool that’s trying to decentralize its structure and design such as ocean and run a full node it’s a large SSD that can store all the transaction information and when you spend bitcoin or receive it you’re verifying and broadcasting yourself and obviously keeping your bitcoin in your own wallet with your own private key and not trusting others with it. But again, everything about this entire system is about optionality. We’re not trying to force anyone to do anything. But if some wish to live as far away from society, but still connected through these different components, that’s great. And if you want to be as concentrated and centralized in the way that you live in a city, that’s your choice. That’s the whole point of this is self-sufficiency with planet planetary scale money that we can all preserve our time and energy into the future. Thank you for listening. I hope you enjoyed this video. Like, share, subscribe. Please send this to a couple of friends that you think would enjoy this video. Even if you are a Bitcoiner that has learned as much as you can, stuff like this just helps sort of refresh the mind and all the different pieces and moving parts of this everchanging system. I’ll see you in the next video. Goodbye.
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What will a Bitcoin SOCIETY Look Like? Part 1 | Hashpower Academy | Terahash Ecosystem
Youtube VideosWhat does a Bitcoin society look like? In Part 1, I explore a future where humans prioritize necessity over excess, powered by a hard money standard. Bitcoin preserves timeless value, flipping the script to empower people financially and energetically.
No more fiat waste—BTC’s scarcity and energy-backed design redefine wealth and abundance. How will this reshape our lives? Watch now—glimpse the Bitcoin-powered world of tomorrow!
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Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
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Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to explore Mining/Hosting and other Business/Consultation Inquiries:
https://calendly.com/terahash/30min Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#bitcoin #BTC #BitcoinSociety #HardMoney #Crypto #Finance #BitcoinFuture #CryptoEconomy #Necessity #BitcoinValue #CryptoInvesting #Blockchain #CryptoFinance #BitcoinEmpowerment #TimelessValue #EnergyMoney #Investing #BitcoinEducation #CryptoVision #FutureEconomy
Video Transcript:
hello there and welcome to the Hash Power Academy your place to learn anything to do with Bitcoin and we’ll start this video with a question why does it seem like everything in society is of a lower quality than it used to be now I don’t want to seem like some Benjamin Button uh old man and young person’s body back in the days sort of conversation but truly like it seems every ever since the 70s something about society and the way we spend money goods services the quality of food you you could throw out an endless list of different things that have degraded declined and shrked in value services design of buildings even for example I’m here in Texas and I’ve noticed that all of the houses a lot of them uh they have these beautiful fronts to the house uh but if you look down the sides it’s made of wood and that’s a building material we’ve used for many years but it just doesn’t last versus other moments in history where a lot of the buildings yes concentrated more so in the cities were built out of stone and materials designed to go through the generations and yes it was more so on a hard money standard and that’s truly where the discussion of this video is going to delve into is what is a Bitcoin society going to look like how will people spend their money will they recklessly throw money in the air or will the rappers of tomorrow be more careful and cautious and help communicate the the considerations of how you spend money in the future because here’s the thing the debt money system of today means that if you go to work and convert your time and energy into dollars or pounds per hour or per year and then you take said time and energy concentrated in this number of pounds euros dollars whatever it is and put it in the bank earn some interest savings yes you’re saving up but if you go to spend it 5 years later it will buy you less inflation yes the price is going up no it’s the value of the money going down it buys you less because the governments can issue more of these units because it’s not constrained to a physical good our money used to be connected to gold and the golden age brought about a period of time where things were built to last the timelessness was truly evident across all manner of society the music the architecture and all these sorts of things and where we go with this is well if we go back to hard money standard what is a Bitcoin society going to look like with money that the units are fixed in supply but the energy and compute to produce it is expanding in the system so repricing the money with a greater purchasing power over time i think the majority of people right now would just think that the idea of Bitcoin got this money that increases in value over time it’s it’s beyond people’s belief systems in today’s world majority of them and we’re going into a world that’s still going to have technological innovation at a rapid pace but the costs don’t change in terms of the body and energy we’re still going to be driving cars the it’s just the the framework’s going to change instead of driving the car yourself you’re going to press a button and some compute and energy is going to take you where you need to go but when it comes to the fundamental perspective that I’ve written here it it comes down to this that if the quality of goods and services remains rubbish why would you spend on it you wouldn’t want to spend your Bitcoin on things that are bad quality because you value the money that right now money is devalued and continually that that erodess at the societal level into all different problems in society there’s 101 podcasters that can go way into detail as to all of the problems of the money but what we’re going to look at is that Bitcoin society so if you have money that’s gaining value over time uh to the psychology level you’re less likely to spend it and what you do spend it on becomes more important because you see that opportunity cost why would I buy one of these brand new homes for young people oh that’s amazing i’d love to buy a massively overpriced home with really poor building quality that doesn’t last decades it lasts a few years before you need to replace something all of these uh cookie cutter mass production of homes designed for young people there’s really bad quality of building material but why has that occurred there’s just endless aspects of this to pick apart but what what I see in the future is people trying to design and coordinate society in a Bitcoin world where the buildings are designed to last multiple generations maybe built out of materials such as stone that’s what I would like and that affordability is going to come from the early people that hold Bitcoin and as they rotate said Bitcoin the medium of exchange phase of what they’re going to spend it on they’re going to spend it on their necessities and necessity is going to become that ever important word along with timelessness so we want goods and services and things to consume that are of good quality not bad we want good clothes and one of them not 10 of them and and that sort of quality over quantity is truly important and the other piece of that in terms of buying cheap things is affordability yes there is a lot of people that um a shirt costing $5 $10 is is important because of the access to that and maybe they can go and go to a job interview with a smart shirt but the quality of material has just grossly declined to the point that uh girls will buy things from these fast fashion online things a dress that they’ll use once made out of this plastic material that messes up hormones another topic there’s so many other cause and effects pro cause and effect problems from having a form of money that loses value over time you’re more likely to spend it that manipulation of consumption creates an accelerated amount of mass production and that’s not to say that Bitcoin creates a world where we slow the economy down absolutely not because here’s the thing what is the value underneath there is an electrical cost aligned to Bitcoin and that continually expands our ability to produce energy if we have a money that can be captured and produced through energy we build out more energy and if we have more energy in society prices come down it’s cheaper to travel it it feeds its way into the system fuels it fuels the system in the other way around while whilst the fiat system literally feeds on the system and extracts if you issue more units that spend other people’s time and energy their work well you’re going to have a society that feels drained and degraded just like today and so if if the script is flipped the paradox goes the other way if if we find ourselves in a society where people feel empowered the time and energy that they do preserve in the money gains more value because it’s self-contained energy is neither created nor destroyed we find ourselves in a world where people are focused on quality spending this money that they actually hold value for on things of necessity why would I let go of my Bitcoin that’s so intrinsically bound to my soul now because here’s the interesting thing if you if you was to pass away just memorizing your seedwords it goes with you and there will be a lot of people that maybe try and just hold their Bitcoin in their minds and if they they pass away with said said keys it reduces the supply even more relative to the amount of infrastructure that’s been built out so it reprices the Bitcoin with even more value and that’s not to say we will lose all the Bitcoin and there’ll always be some form of number of Bitcoin or Satoshi’s in circulation and all of that expansion of energy underneath just gets repriced to a smaller and smaller quantity of units so it reprices all of the energy money in the system at a greater amount of value that people value even more and focus even more on necessity and quality and making sure that the things that they buy last a lot longer it’s a big topic and it needs a lot more exploring but I think that’s enough for this video thank you for listening
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Mining VS Buying: The only 2 Options | Bitcoin Education | Hashpower Academy
Youtube VideosWhich stacks more Bitcoin — Mining or Buying?
I break down both paths. Buying on exchanges means battling spread, exchange, and withdrawal fees to lock BTC in cold storage like Ledger—secure but pricey. Mining lets you earn BTC fee-free through your electric bill, with compliance perks via firms like IREN. From costs to control, discover which path maximizes your sats. Watch now—pick your Bitcoin strategy!
Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
L2 Lightning: academy@walletofsatoshi.com
Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
Waitlist for something Big!
www.Terahash.Finance/Platform
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to explore Mining/Hosting and other Business/Consultation Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin #BTC #BitcoinMining #Crypto #BuyingBitcoin #ColdStorage #LedgerWallet #IREN #CryptoInvesting #BitcoinFees #MiningBenefits #Blockchain #CryptoFinance #BitcoinStorage #CryptoExchange #Investing #BitcoinEducation #MiningVsBuying #BTCAccumulation #CryptoWealth
Video Transcript:
hello there and welcome to the Hash Power Academy your place to learn anything to do with Bitcoin and the topic of today’s video is the direct comparison between mining versus buying are you growing your tomatoes or buying it from the shop that’s the key difference and so here with mining versus buying the first thing to understand is the 99.99% of you have probably logged into a platform deposited your fiat currency clicked purchase to buy your Bitcoin suffering a spread and a fee and I’m hoping that you’re withdrawing with another fee and depositing into cold storage to hold your timeless energy money units and preserving your purchasing power for now and forever over time and that’s why I have this orange line here that over time your quantity of Bitcoin doesn’t change if you go and put it in a lending platform or hand it to Michael Sailor for yield that’s your risk to take this key comparison is buy and hold versus say potentially mine and hold so where does mining come into this well mining is the other avenue to acquire one of those 21 million units that if everyone goes and buys all the Bitcoin they can the only thing left is what is available to produce and when that runs out when all the subsidy is gone it’s what Bitcoin is moving and in circulation through payment of fees that’s what is available to be collected and so with mining it boils down to this whatever you spend on mining you have a direct comparison of how much Bitcoin you could be holding the opportunity cost of do I hold this one whole Bitcoin $100,000 or spend it on Bitcoin mining hardware and what’s my goal well if I spent one whole Bitcoin potentially I want to produce more than one whole Bitcoin and effectively what happens with mining is exactly that that you start with purchasing those computers and you have no Bitcoin you didn’t buy any you have an opportunity cost of potentially selling it even to to buy those machines so here’s the thing what happens with mining is it produces the most amount of Bitcoin uh the more efficient the machine is but the younger it is as well relative to other machines so most Bitcoin mining hardware in this diminishing returns environment of how much Bitcoin you can earn per day with the hings coming every four years what happens is you have this very steep curve that slows down and this is possible to outperform your original purchase or just held in in the first place this is possible as an opportunity and what I mean by this is high uptime good computers that that haven’t got all these fee extractions or high electricity rates that there is a certain amount of revenue that you have the ability to capture and what gets taken away from you is how high is your electricity bill how much uptime this could be a theoretical 100% uptime but if you’ve only got 95% uptime and you’ve only lost or it’s going to take longer if your electrical bill is really high or your machines need lots of repairs then you’re continually spending more you’re going to have to keep increasing this rate and so that payback period might take even longer and so one of the key things to understand about mining is that going onto a calculator and understanding the profitability today is not at all anywhere accurate to what it is tomorrow cut it in half that’s what you think the profitability might be but this is the key thing the objective goal on the Bitcoin mining side of things is to accumulate a greater quantity of Bitcoin over time than what you simply could have just purchased all the way back at the beginning and yes there is a lot of miners that regret buying their machines and learning the hard way and they would have accumulated way more Bitcoin by simply holding so where the opportunity to go into the mining side versus just buy it is if you have access to cheap electricity a lot of capital with good operators or hosts or running it yourself or doing it small scale with an energy setup that you’ve already paid for if you’ve got a solar battery setup and excess electricity sitting and and you can read it on your meter that there’s power you’re not using you can sell it back to the grid or sell it to a global monetary network it’s up to you and so the other side of this is well when you buy Bitcoin you’re depositing dollars you’re purchasing that Bitcoin so there’s an exchange rate and a spread so you’re losing some in the process you’re paying a fee most definitely for the services of that exchange and they’re probably going to charge you to withdraw so there’s sort of three fees in that process versus with Bitcoin mining you earn revenue i’m going to draw these in you earn revenue big stack of Bitcoin and the fundamental thesis behind Bitcoin is that it has a cost to produce all right and what this means is a form of money with a cost to produce truly comes into reality through your electrical bill and here’s the thing your profit is what’s left over if you was to sell your Bitcoin to pay the electrical bill but if you’re trying to stack Bitcoin you’re not trying to sell it so pay the electrical bill with dollars and you’re accumulating the Bitcoin you would have sold what I’m trying to say is essentially that the electrical bill is your way of buying Bitcoin without fees suggesting that your bank transfer doesn’t cost you anything so to speak and that’s one thing so mining allows you to do the same experience of buying without fees you’re buying you’re essentially buying Bitcoin by paying the electrical bill dollars and keeping Bitcoin that you’ve already mined that’s one thing so that’s the electrical bill aspect the second thing is that Bitcoin mining hardware has these tax advantages if you buy Bitcoin there’s no tax incentives there but if you buy a physical good like a computer that depreciates over time and eventually breaks and trends to zero but produces potentially a greater quantity of Bitcoin than what you could have spent on it in the first place that is an asset that can be a tax deduction so if you’re looking for tax advantage investing that might be different to say a retail person well the opportunity to mine is also deductions on that inevitable profit that you get on the other end and then on the the payout side of things that experience of either going into a platform to buy your Bitcoin and withdraw it to cold storage with the exchange probably got it getting your know your customer personal information and all the anti-money laundering aspects of things uh it’s a double-edged sword because I believe that more information has been hacked from these centralized collections of information than uh the actual protections that AML and KYC actually offer topic for another video but the point I’m trying to make is you’re your Bitcoin is tracked you are pseudo anonymous but the exchange knows who you are onchain analytics is getting better and better and better when it comes to mining there is this aspect of privacy you could scale it with millions of dollars to the rate of producing your own blocks which is there is no sender address just a receiver freshly issued Bitcoin which means you are producing Bitcoin but you also have Bitcoin which is effectively private a compliance aspect of being able to have Bitcoin that has no transaction history is another benefit if you’re a large financial financial institution you don’t want Bitcoin that’s got this long story from a theft or a hack or something that could affect your ability to use it and impact its fungeability so to speak into the future so buying Bitcoin in in an exchange you’re you’re getting that money that’s uh been through several hands so to speak versus freshly issuing it yourself and so mining has these different sort of benefits but with more risk you’re not buying Bitcoin immediately you’re buying a computer that produces it over time another way I like to refer to Bitcoin mining is is it’s like energy staking the proof of work to proof ofstake comparison being that it’s the energy entering the system versus um existing monetary units in proof of stake being staked against other people’s ability to uh spend and save in the same units and just collecting collecting rents we don’t want to go back to that system we want to go to towards a system where we’re building out energy based infrastructure that is also a monetary system which helps us build out more energy infrastructure which makes energy cheaper in a fixed supply unit so everyone’s getting more purchasing power and so the importance of mining and buying is a duopoly it’s a circular economy but to those that want to step out and just save and live their life buying is one offer but mining offers different other aspects that could be more institutional but there’s there’s opportunities for retail as well that’s the hosted mining aspect of things but the limitations there is you need a financial barrier to to hurdle over that a typical computer is5 to$10,000 and the average person out there in the world does not have five5 to$10,000 the average um and so there’s there’s a few limitations there but the overall gist for this video is that yes mining is an opportunity to accumulate a greater quantity of Bitcoin over time than what you could have purchased in the first place if you have cheap electricity access to computer cheap rate wholesale rate versus a retail price for those computers and the performance your proof of work over time is the revenue minusing the electricity and your uptime and that true reality of where that point is and there are sadly some miners that don’t make their money back or machines break or they burn something down the insurance won’t pay out and they never make their money back and there is a loss that happens that is the brutal game of Bitcoin mining but there you go so thank you for listening i hope you enjoyed and I will see you in the next video goodbye
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Can Bitcoin be bound to your Soul? | BIP39 | Hashpower Academy
Youtube VideosBIP39’s 12-word seed phrase isn’t just tech—it’s a game-changer! I explore how it lets you memorize your Bitcoin private key, storing your time and energy as money in your mind.
Flee war, cross borders—your wealth lives in 12 words. But can Bitcoin’s “seed keys” bind to your soul, carrying value to the afterlife like a pharaoh’s treasure? From genesis to past life regression, I dive into the esoteric meaning of BTC’s memory. Watch now—unlock the soul of Bitcoin!
Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
L2 Lightning: academy@walletofsatoshi.com
Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
Waitlist for something Big!
www.Terahash.Finance/Platform
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to explore Mining/Hosting and other Business/Consultation Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin #BIP39 #SeedKeys #BTC #Crypto #Egypt #Genesis #Afterlife #PastLifeRegression #Esoteric #BitcoinMemory #BitcoinPhilosophy #SoulMoney #BitcoinSecurity #CryptoFuture #PharaohWealth #BitcoinEducation #Blockchain #CryptoSpirit #Memories #Investing
Video Transcript:
hello there and welcome to the Hash Power Academy your place to learn anything to do with Bitcoin and the topic of today’s video is how your Bitcoin can become soulbound connected to you in a way that’s completely different than any other asset possible that is to say that you can memorize your Bitcoin in your mind why well originally we have very long private keys that if someone could remember a private key well props to them but to the everyday person that’s not really possible it needs to be more refined and simple a better human interface for their relationship with this planetary money of the future and this is where BIP 39 comes in i’m not going to go too much into the particular steps as to how a long private key gets converted into 12 words but it’s the importance of that human interface that a person can memorize said words write said words as a much better way of managing a much larger piece of information that accesses said wallet and and allows you to spend that energy so here’s the thing bip 39 allowing you and empowering you to potentially make that choice to try and memorize your Bitcoin in your mind don’t forget those 12 words well this is where it gets interesting and the dream that the pharaohs could have potentially had to try and do such a thing because historically the pharaohs of Egypt they were buried when they passed away with everything they had all their riches and food and potentially their animals and even slaves as well they were their servants they were buried with everything and they were trying to take it with them to the next place and with Bitcoin you can do that we hope potentially and how could that potentially be possible how could you prove that you could take Bitcoin to the afterlife well interestingly enough there there is uh if you uh I don’t want to say Google it but there is the uh past life regressions aspect of things where there’s these kids that me remember things of a previous life so it truly gets proven that you can take your Bitcoin with you to the next place where the experience of death and life is truly the same part of the cycle that if a child in the future and they have these children that remember things of some previous life past life regressions that one day if a child were to just remember the 12 words of a previous Bitcoin owner from the soul being in a different body and they remembered intrinsically these 12 words and were able to spend the Bitcoin from a previous person’s life that they went to the grave with said Bitcoin that would prove it and that would prove that that yeah that’s a whole rabbit hole but the aspect of being able to preserve said 12 words in your mind I think is quite powerful you can escape war if you try and escape a place that’s collecting resources in every shape or form particularly in money to fund said war effort and people are fleeing that they’re able to preserve their their time their energy their work their money in their mind and escape war write them down generate their private key and spend said time and energy that they preserve so that that that human interface to Bitcoin is very important and it’s going to develop over time and yeah I think that the timeless nature of Bitcoin as well is even more important the Oh sorry i’m still thinking of past life regression now it it Yeah if one day a child remembers or even other people if they remember something of the past and 12 words and it unlocks this large wallet of Bitcoin or even Satoshi’s wallet maybe maybe he memorized a certain way of accessing said Bitcoin and his soul goes into somebody and they remember and unlock a million Bitcoin that would be interesting thank you for listening i hope you enjoy and I will see you in the next video
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Fundamental Commodities | Bitcoin Education | Hashpower Academy
Youtube VideosBitcoin thrives on three pillars: electricity, hashrate, and BTC itself! I break down how these commodities fuel its survival—from Satoshi mining the first million+ BTC to today’s massive electricity and hashrate boom in Texas, chasing block rewards and subsidies. Looking ahead, Bitcoin’s production cost (tied to electricity) could birth a Unit of Account, pricing BTC mathematically for a peaceful economic future. Watch now—unravel Bitcoin’s commodity-driven destiny!
Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
L2 Lightning: academy@walletofsatoshi.com
Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to explore Mining/Hosting and other Business/Consultation Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin #BTC #BitcoinMining #Electricity #Hashrate #Crypto #Finance #Economics #TexasCrypto #BitcoinEducation #BlockRewards #UnitOfAccount #CryptoInvesting #BitcoinFuture #MiningCommodities #PeaceEconomy #Blockchain #CryptoFinance #BitcoinEconomics #Investing
Video Transcript:
hello there and welcome to the Hash Power Academy your place to learn anything to do with Bitcoin now here’s the thing if you’ve been watching my previous videos you will notice that this is a different whiteboard and this is a different wall this is because I’m in a different country i am in Dallas Texas in the USA for a couple weeks so if there’s any Bitcoin companies or mining companies that would like to show me an interesting mining site or setup I’m all game so here’s the thing this video is just going to be a short and sweet one to get into the nature of understanding the three fundamental commodities of the Bitcoin network electricity hash power and Bitcoin now I have covered this sort of way of explaining things in previous videos but the thing I’m going to sort of emphasize here is this that if you go back in time to Satoshi Nakamoto he consumed electrons produced hashes and produced Bitcoin exactly the same as today but not with the different technologies now we have better mining hardware faster more efficient different cooling systems different cooling system types and all these sorts of things the technology branch of consuming electricity to produce hash rate that is complexifying in its own way into the future the Bitcoin blockchain the hash rate that’s producing it the mining pools and all these sorts of things i haven’t written them all in just keeping the focus on these three commodities and then the Bitcoin that’s produced the output of blocks being added to the chain electrons being uploaded to the internet and the bit that I find the most interesting is this branch as well well that’s where I see the Bitcoin unit of account branch that the electrical inputs into society begin the first Bitcoin unit of account second to block space the cost of data storage to pay to store your information online forever and what I’m trying to explain with this is that everything is going to change with the technologies in between the commodities but these three commodities will not change this one is contained it’s 21 million units but these two expand and also in other videos you will have seen that I show it typically in a linear series the cost to produce electricity the hash rate side of things from Bitcoin mining the Bitcoin blockchain all the different moving parts and metrics and obviously Bitcoin coming out the other end but that is not the end of the story the future of this is the interconnectivity of all three commodities together the demand response side things on the electrical grid such as here in Texas the Urkott electrical grid has demand response programs that fluctuation of supply and demand of power has a new buyer of power that is just an economic user so if the economics change the other way and to sell the electrons instead of consume them there is stability offered to the grid and higher economic return to the miners because you got to think of it like this a Bitcoin miner is optimizing for 100% uptime which means they need a grid or a power source with effective 100% uptime that is the perfection aspect and we’re continually working towards it we want to get maximum uptime so Bitcoin miners are incentivized to help the grid as much as possible because that’s their source their source input and then all of the different aspects of hash rate and the complexities going into the future of being hash rate being this reusable proof of work commodity that is going to complexify and of itself but what’s not going to change is its use and its expansion the the network hash rate going up to one zeta potentially this cycle i think it’s possible but with all this expansion of electricity that everyone needs compute that everyone needs and even the buildout of AI being helped by Bitcoin mining because Bitcoin mining per megawatt in terms of cost is onetenth of the price to build out so if you’re trying to access large power contracts you can build out Bitcoin mining to access those power contracts at onetenth of the cost of AI so all of this physical buildout whilst this digital race is trying to to race even further ahead quicker than the physical constraints of how much energy and compute we can produce well Bitcoin being this accelerant to all the different things we need in society whether it’s the energy sector compute microchip aspects or finance and the future there that as things change into the future what will not change is the relationship between these three core commodities so with Bitcoin mining again I’m not an art student so forgive me here bitcoin mining what is the key exchange rate or efficiency shall we say not exchange rate jewels per terash that is the direct conversion of electrical consumption for output hash rate and on the blockchain side of things here we’ve got hash rate going to produce Bitcoin blocks that is typically in mining pools and here’s the thing Bitcoin mining pools are the ones holding the pen of the accounting system and all of the different complexities going into the future on the blockchain side of things are new op codes new decisions of how much block space there should be or shouldn’t be all the different debates chaos and changes what will not change 21 million units expansion of hash rate expansion of compute so the expansion here and constraint here with the constant changes of different layers and different oh there’s endless there’s just continual complexity in the technology branches I always use solar as the nice easy drawing example again I’m not an art student um so yeah now here is the interesting one after I’ve put hash price in there BTC per terahash per A Bitcoin as a unit of account the understanding of how to buy something with a quantity of Bitcoin in your mind not a quantity of dollars and using Bitcoin as the settlement layer which people like Jack Dorsey and Block wanting to use payment terminals where you can pay Bitcoin that’s great if I go in and purchase a $3 coffee it’s not priced in Bitcoin i’ve just paid with Bitcoin with dollar as a unit of account but that’s okay for today the transition into the future in my opinion is Bitcoin per kilowatt hour or kilowatt for the cost of building out energy infrastructure what will Bitcoin bonds be used for in the future probably building out large energy infrastructure projects because they have the energy potential to produce compute to produce more bitcoin so you have to understand that anything h that has a fundamental relationship to electricity compute of bitcoin is going to have a mathematical relationship to a quantity of bitcoin and that quantity can derive into a quantity of kilowatt hours there is a cost to produce one bitcoin for a minor with a typical efficiency and so what I’m trying to explain here is these three um mathematical functions essentially and variables metrics these three represent the key core metrics as to how to understand your your ability to accumulate sats or build out things in relation to the different areas of the network but Bitcoin per kilowatt hour represents in my opinion the second Bitcoin unit of account commodity that comparison of electrons in the quantity of SATs because Bitcoin miners are already on the electrical grid such as here in uh Texas where if the electrons have an higher economic return to be sold back to the grid aka the the amount of dollar per bitcoin per kilowatt is higher they switch the machines off but they’re doing it the other way around they’re measuring what the value of Bitcoin is to the Bitcoin layer not Yes the dollar is involved at this stage but the whole aspect that I’m trying to explain is we can remove the dollar from that entirely you could have Bitcoin citadels that aren’t connected to any grid because Bitcoin is essentially a deacto wireless electricity grid because it standardizes a global price for energy that is compared to the revenue rate of how much you can earn per bitcoin per per terahash per day and that revenue rate is defined by your efficiency so again these three core uh metrics for your local efficiency your global access to revenue and that key comparison between those two decided by your individual access to these two your uptime and your efficiency on the mining perspective of this there is a lot to dive into with this but it’s all about the different perspectives that you look within the mining perspective the mining pool perspective the developers perspective people holding Bitcoin their perspective their purchasing power and their access to block space so those two Bitcoin unit of account components come in here the cost to store information online forever and the cost to buy energy in the future Bitcoin miners even today are continually moving towards becoming energy producers and what are they producing energy for to produce Bitcoin but if that energy in that moment in real time is being being directly priced against subsidy and fees it means global subsidy and fees and their fraction of that and their conversion efficiency gives a direct pricing of how much Bitcoin they’re earning per kilowatt hour so if you want to buy that energy from that miner on that local off-rid or large infrastructure scale grid or maybe even the Buckminster Fuller planetary scale grid it means we have a global pricing system that we can define an exchange rate from Bitcoin into electrons at the local level so you can buy your energy from a minor because he has a clear pricing comparison at the global level it delves into quite a rabbit hole that you go hang on well if Bitcoin can directly price electricity at a mathematical layer and electricity is used in a countless amount of inputs in the 21st century well now you can start creating Bitcoin unit account connections into everything that requires electricity to produce or even go backwards in the chain how much electricity can you produce with a barrel of oil and if that electricity can produce a quantity of Bitcoin maybe you can start standardizing a price for oil on a Bitcoin unit account all these sorts of things but again it’s about your efficiency at the particular local level the most efficient mining machines will demand a higher Bitcoin per kilowatt hour rate to buy that energy is more expensive they have more efficient compute and naturally you’ll find more efficient machines closer to cities on larger uh more sort of economically developed countries and what will happen is the less efficient machines will go out into countries that are less economically developed but it also means that the electricity on a Bitcoin unit of account is cheaper but here’s the thing as the network is continually expanding in hash rate it means that those holding Bitcoin 21 million fixed in supply um being priced at the rate of how much uh subsidy and fees is being distributed to that pool of compute and electricity that if you’re the one holding Bitcoin in any amount just by holding it and that exchange rate that cost of production to produce a bitcoin if you’re on the other side of that you want to buy the energy and switch that minor or off you’re able to buy everinccreasing amounts of electricity as the production cost of Bitcoin goes up basically what I’m trying to say is the production cost of Bitcoin is a direct exchange rate where you holding Bitcoin can buy electricity in the future when miners are the operators of electricity grids and micro grids and off-grid communities why would your neighbor switch his minor off if by delivering the electricity to you he does it at the same rate he’s producing Bitcoin or luck of Bitcoin or just slightly higher and he’s captured a premium and when he switches some of his machines off he can lower the efficiency and increase his revenue rate with the existing machines online so there’s an elasticity to that as well i’m going to stop it there if you found this video interesting then like subscribe share send me any comments questions queries and fe feedback to the email info@ hashpower academy and I will see you in the next video goodbye
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Trending to ZERO: Exchange BTC Reserves | What’s Next? ₿ | Hashpower Academy
Youtube VideosBitcoin dominates exchanges—largest asset weight, most trading pair volume, their cash cow for liquidity fees. But BTC reserves are dropping, hitting 2M by May 2025, a 7-year low! With only 21M BTC ever, scarcity’s tightening as investors yank coins to cold storage. Exchanges are pivoting to riskier assets, upping consumer and platform risk. From institutional hoarding to ETF inflows, what’s next for BTC’s liquidity and price? Watch now—unravel the exchange reserve collapse!
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This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
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Video Transcript:
hello there and welcome to the Hash Power Academy your place to learn everything and anything to do with Bitcoin the topic of today’s video is understanding that the continuation of just about everything and everyone trying to gobble up all of the spot Bitcoin which is not just buying into futures and options and cash settled instruments but actually the bearer Bitcoin on exchanges now right now Bitcoin on exchanges represents in dollar terms about I’ve seen from some exchanges 30ish% and some it’s 40% so the fact that the significant majority of asset on exchanges is just Bitcoin whether that’s the exchanges own Bitcoin customer Bitcoin and that difference between their assets and liabilities and the rest of the assets you’ve got something like USDT which is a always a big chunk and then and it granularly gets smaller and smaller from there so we’re talking about the largest most significant most important asset across exchanges and trading pairs continually in decline as all of the Bitcoin gets pulled off of exchanges over time and we see this continuation happening non-stop year-over-year and it’s the same dynamic that mining has where uh you earn a smaller quantity of Bitcoin over time with uh a greater price to it so the dollarized value represents a a decent amount of pie chart um but that quantity is diminishing whilst all of the other assets in quantity terms are increasing with issuance now here’s the thing with Bitcoin being pulled off exchanges there’s less Bitcoin to trade there’s less liquidity so you’ll naturally see thinner order books on the top side now what this does is a couple of things you’ve got less liquidity which means more volatility and that aspect of the nature of people huddling Bitcoin if there’s less uh if there’s less Bitcoin to be moving around on all these different order books on the internet uh because it’s being pulled off into cold storage into Michael Sailor’s uh uh everything that he’s doing and what this does is it creates wider spreads new incomers to Bitcoin that want to go and buy Bitcoin if there’s if there’s a thinner order book there’s naturally more spreads and you got to think of the other way around uh on the exchange side of things having having the significant majority um of their potential revenues from Bitcoin trading pairs which tend to be the ones of highest volume and I I assume the highest fees all of that sort of culminates that more risk more risk steps in when it comes to having your Bitcoin on exchanges it’s not to say it’s a slowmoving bank run but that’s something close to it and what we see over time and this is this is the trend of balance on exchanges has just been continually in decline there’s a few moments where there’s a there’s an increase of the prices crash so a load of Bitcoin floods onto exchanges but it’s that diminishing aspect of the the quantity of Bitcoin on exchanges inevitably going down now I have my own ideas as to how to help uh exchanges uh boost liquidity with high compliance health bitcoin it’s called mining and naturally you’ve got the farm and the farmers market so to speak as a natural circular economy with compute potentially in the middle and on the other side of that security aspects if exchanges suffer a situation where the number one asset on their exchanges is both in decline more volatility less fees they’re going to take more risk and the security aspects of you personally having your Bitcoin on exchanges just continues this trend until there’s just such a small amount of Bitcoin on exchanges that yeah every bull cycle people experience um this endless rush into certain assets and markets and exchanges and they take risk and they take a lot of risk if if if the asset coming in is is is continually in decline relative to withdrawals coming out so be very careful this bull cycle and if you’re questioning and doubtful of anything it’s always good to make sure you’ve got your same computational Bitcoin eggs not in different baskets but a decent amount in cold storage and don’t take one singular decision to any of these yield treasury stocks and sailor and don’t put it all in one that’s the key thing have a decent chunk in self-custody and if you’re looking for yield and cash flows explore mining it’s the most intrinsic natural yield to the Bitcoin network um on the other side of that you’ve got infinitely more dollars chasing fewer and fewer sats so we’re just going to see the price absolutely rocket but you’ve also got to think and consider about it’s not just the spot Bitcoin side of things you’ve got this futures and cash settled with larger institutions doing something called delta neutrality which is they’ll buy the Bitcoin spot and short it on the futures side at the same time and what this does is they’ll capture the funding rates of retail investors flooding into the exchange going into leverage to push the Bitcoin price up paying funding rates and the large institutions on the other side are just capturing that volatility and they don’t care what the price does the other strategy to that is they are accumulating spot Bitcoin and holding a futures posit position against it capturing those funding rates and fees and they just want the prices to go sideways and maybe upwards um over time as long as possible so that they can accumulate as much spot bitcoin as possible because typical futures positions only need a margin to hold as as the collateral against the position so yeah I think that’ll be it for today’s video thank you for listening hope you enjoyed hope this was a different sort of perspective and I will see you in the next video goodbye
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Explained: Bitcoins Fundamental Circular-Economy | Hashpower Academy
Youtube VideosBitcoin’s circular economy is its heartbeat, ticking every 10 minutes! I dive into the Economic (BTC) – Energy (kWh) cycle, where energy, compute, and finance form the network’s body, mind, and soul. This system powers three core markets: Energy (BTC/kWh) sets mining’s energy exchange rate; Compute (BTC/TH) drives hashrate rewards; and Finance (BTC/vB) fuels settlement fees. Together, they connect Bitcoin’s pulse to our lives.
Watch now—decode Bitcoin’s interconnected magic!
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Inquiries:
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Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
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Video Transcript:
hello there and welcome to the Hash Power Academy your place to learn just about everything to do with Bitcoin and when I mean everything I mean everything because this represents the entirety of Bitcoin’s economic energy ecosystem now that’s a quite a few mouthful of words so let me just break it down a little bit so you’ve got these three key directions on the top side which is energy production and energy consumption and they represent the physical world of Bitcoin and maybe I should put it the other way round so the the digital side is on top but maybe for another video now on the bottom half you’ve got well Bitcoin mining producing hash rates which produces Bitcoin blocks which is where Bitcoin comes from and so in its entirety we’ve got solar which is a producer of electricity bitcoin mining which is a consumer and stabilizer across such a grid system and then you’ve also got Bitcoin mining which bridges the digital phys physical gap that the only thing that could update Bitcoin’s blockchain and allow Bitcoin to move is people out there in the world consuming excess cheap electricity to produce Bitcoin which moves it between the wallets and the only way Bitcoin moves between wallets is an update to the chain the mempool this market here the amount of Bitcoin you’re paying per virtual bite to pay your Bitcoin to store information and the miners are the ones producing the block space and getting paid said Bitcoin that you’re paying them so you’ve got these three core markets interconnecting these worlds as well and oh where am I and these core markets are going to be the energy market Bitcoin per kilowatt hour or megawatt hour for industrial scale that’s Bitcoin miners saying “Why would I sell you my electricity when I can globally turn it into a thousand sats whatever the number is I’ll sell you the power at thousand sats because that’s what the network is paying me.” So miners have this global comparison as the bridge between the two physical digital worlds and they have a choice sell you the power locally or monetize it globally and if both paths reach the same destination on the other side of the equation well that is the new establishment of the energy markets and that goes into the conversation of Bitcoin as a unit of account and the pricing of things and the emphasis of miners consuming electricity and their efficiency aspect and that creates the dollar per terash pricing of that market obviously we’re at dollar per kilowatt here for now and obviously people thinking of what fee they’re paying why this is particularly important is because today’s state of Bitcoin where 99% of block rewards the the income that miners get is subsidy it’s that fresh supply of Bitcoin to distribute the full 21 million and once that full 21 million is distributed uh essentially subsidy represents the training wheels of a hundred years so you’ve really got to think of Bitcoin in a multi-generational way that in a 100 plus years time that all of the Bitcoin will have been mined so to speak but what do the miners earn they earn the fees of those holding all of that 21 million Bitcoin with half of it lost to wallets and thefts and whatever else and the other half circulating and that circulating Bitcoin is paying fees based on those using Bitcoin as a settlement layer for trade and transaction not your coffee purchase but maybe the purchase of your house and land and all those sorts of things but interestingly enough when it’s just fees pricing all of this energy and the income aspect of of having your own compute this market the the block space market becomes the fundamental market for settlement you got the fundamental market for compute which is dollarized for now my business that I haven’t truly delved into detail which is the democratization of Bitcoin mining in simple language allowing everyone to access mining in a financial sense so they can learn about it knowing oh I paid this amount of energy got paid out this amount of Bitcoin and you take the math layers and build a financial layer on top which I’ve been doing and it gets very interesting and boils down to this miners produce a hash rate and they consume it in the effort mining pools the collection of loads of Bitcoin miners hash rate to produce Bitcoin blocks and get paid Bitcoin so you see that there’s this interconnectivity Bitcoin blocks being produced and those paying fees to consume it and that is the circular economic energy ecosystem of Bitcoin you can use all different ways to observe this the the body mind and soul the holy trinity it’s a it’s a rabbit hole to to offer different perspectives to view this in different ways and yeah that’s uh one interesting way to see Bitcoin not just for today but that multigenerational future where once all of the subsidy once all the 21 million is distributed Bitcoin uses this state this setup this is inevitably how Bitcoin stays alive this is its bloodstream um you could consider the the the blockchain its its heart every pump coming every 10 minutes of time approximately and as as there’s more pressure in the system maybe it it constrains it to to add more value to the units because that’s exactly what happens the the value of Bitcoin beyond the debt money system of today you really have to strip down your idea of dollars in your mind and pounds because um they’ve become just as normal for us to understand the measurable value of things in the shop the price of the house food going into the pub like it’s it’s it’s become debt money has become as fundamental as length width and weight and all these sorts of um raw measurements SI units and you have it’s really tough for a lot of people to to change the perception of those units in their mind because just look at the world today uh the units a dollar buys you less over time the the dollar stores I think don’t sell anything for a dollar anymore because the costs the energy aspect to produce said items keeps increasing and fiat money tries to price energy it tries the pro dollar system it such uh large superpowers have invaded countries and they typically are countries with a lot of energy based resources or partnerships with energy- based nations and the other thing I’d like to offer is the the interplay of wealth in our world that what’s the superpower going to be in 10 years 50 years 100 years on a Bitcoin standard it truly is those in terms of a national scale that build out electrical grids allow miners to stabilize them it’s a it’s a it’s a consumer of energy that is strictly economic they strictly want to accumulate as much SAT for the energy they have available and if that requires selling it because they can earn more that’s that grid stability aspect or turn it into global money it again it doesn’t matter in this system because you could sell the energy and reach Bitcoin or consume and produce Bitcoin and so that circular interplay of the maths and the finance on the outer layer it it just builds a system that that works that the the chaos of grid uh grid instability wherever it may may be in the world the financial markets compute in of itself is this crazy phenomena of one specific chain with the majority of compute but these uh alternative proofof work chains um on an arbitrage sense sometimes miners will switch the hash rate to a smaller chain because they see lots of fees or a price increase they capture that premium from that small proofof work chain and flip it into Bitcoin people do it with crypto miners as well but you’re you’re at risk of uh trying to buy a computer to capture the fees of some other alternative chain that by the time you get the computer it’s it’s just not going to pay you back so it’s a it’s a it’s a true zero to one phenomena uh if you look at the stock markets of the past and even to today it was the energy companies that were the most powerful and like think of standard oil it split into multiple different companies because the energy sector in financial terms is the most powerful it gives out oil to the world and receives money in return just just look at the Middle East the the abundant amount of wealth that they have is strictly because they export commodity value and import money same with California with the gold rush gold left California and goods and services value businesses and people flooded in now we’ve got a system where you in the middle of nowhere can issue money and spend it locally because of of an energy based system uh it it’s like um it’s like California on I don’t want to say steroids but everywhere imagine if energy abundance is monetized and stabilized everywhere that’s what’s happening now underneath the hood you’ve got the financial world trying to gobble up as much of this money as possible but underneath the system that sustains the value of Bitcoin if it shoots up to a million and production is still pushing 50 60 to 100K there’s too much premium the price in dollar terms can drop but on that in that future state it’s an energy based system where the the price of everything else in society will drop to its utility value because no one wants to hold assets such as property for financial uh goals that right now a lot of people escape the dollar the pound the euro the yen they escape inflation by holding assets because the assets keep raising in price because there’s the the money’s dropping so you you escape the melting fiat iceberg by holding assets but right now all these assets are financialized 2008 is a key example of this um people selling mortgages in a high-risk way and packaging and selling them on and it’s the financialization of property and the financialization of dot dot dot insert just about any sector any word is the everyone’s trying to understand where they can preserve their time and energy their work in something that sustains value over time um so I think I will leave it there that’s just a lot of information but yeah you got the physical side these three com components commodities the digital side of supply and demand of data settlement supply and demand of energy in the energy market supply and demand of compute and uh what I’m building myself is what if all of this was one unified liquidity infrastructure setup uh with a financial layer on top that’s where it gets very interesting but that’ll be a topic for another day and another time thank you for listening i hope you enjoy and I will see you in the next video to
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Bitcoin [Geometric] Scaling | Hashpower Academy
Youtube VideosBitcoin’s network scales like a cosmic puzzle! I dive into its geometric growth, shaped by universal constraints—energy abundance and the speed of light, capping multiplanetary dreams. From L1’s settlement backbone to L2’s lightning-fast transactions, I blend math, physics, finance, and a touch of spiritual insight to unpack Bitcoin’s design. How does sacred geometry tie to BTC’s energy-driven system? Can it scale forever? Watch now—decode Bitcoin’s scaling secrets and glimpse its cosmic destiny!
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Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to explore Mining/Hosting and other Business/Consultation Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
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Video Transcript:
hello there and welcome to the Hash Power Academy your place to learn just about everything to do with Bitcoin Now the topic of this video is I’m going to introduce you to this lovely diagram that I have been scribbling for a little while which is taking Bitcoin’s design and its structure of how it’s mathematically connected looking at the markets on top but also the discussion of scale that all of these six branches of the different topics the energy and carbon grids and electricity the hardware and heating systems uh networks the internet and hash rate as a digital commodity from the physical world and the Bitcoin blockchain this this data market for you and I to trade and transact but constrain it and secure it in a place that allows us to all trade and transact peer-to-peer And then lo and behold last but not least Bitcoin the actual bearer digital data money And what doesn’t change what will not change from the basics of when Satoshi used some electricity in his own computer in his own little network to produce blocks and stack the first 1.1 million Bitcoin that the system has just expanded and exploded You’ve got mining as an entire industry from two lines on the white paper When when blocks come in faster difficulty increases That single It’s not the exact sentence but that single sentence has birthed an entire industry and it’s all based on efficiency That’s the c key fundamental metric that allows you to survive or die as a minor Mining pools would come about because of the limitations of 144 payouts per day And if twice as many people join the network or another 100 it doesn’t the more you scale it you’re distributing all of the Bitcoin per day in 144 payments blocks And what that means is the frequency between your payments If you if you were a minor early on getting one block per day and then the network grew 10 times in size now you’re getting a block every 10 days What if that goes beyond a month or a year as in your percentage of the network revenue the percentage of how much you’re earning from the network diminishes to such a small amount that the frequency of your payouts is misaligned to your energy bill So now you’re paying energy bills whilst no money’s coming in so to speak So mining pulls of birth from the the the com the compute commodity branch where they they pay miners in in shorter frequencies So they’re aligned to their energy bills and they’re scaling into this entity that manages the block templating of what gets added to the chain Now the long-term scale of this trajectory is countries running their own mining pools I’m sorry That’s what I believe is most likely the outcome because as they begin to figure out all of the intricacies of these c core areas of Bitcoin they’re going to realize that that the truth of the truth of the chain is coming from issuance power and they do not have the ability to coordinate large amounts of energy and compute infrastructure and be highly efficient about it It’s a brutal industry but if you can play the game and you know your knowledge it rewards you very very well Now the majority of the discussion around scaling is always to do with the blockchain the Bitcoin blockchain in of itself and the the fee market the mele where you go in with Bitcoin paying to store information and the miners are producing the blocks to be paid to store people’s information in those blocks plus the subsidy So as subsidy gets cut in half over every four years you’ve got this transition onto an active dynamic fee market and it needs to be stimulated And that scaling is the discussion of all the different layers The layer twos which are more transaction velocity and then the layer threes which I argue will be more informationbased where it’s more of a social layer which is the the true humanto human interaction of all different things that the layer two is the convenience of of fast transactions but all of that trade settles to the layer one But the the intricacy there is we also want as many individuals to be able to pay to store in that layer one and not just be able to afford to to trade in the layer two That’s the self-s sovereignty aspect of things that sustaining that peer-to-peer nature of things as this branch of Bitcoin expands and ex and scales and the energy side of things This is never going to change because we’ve got all of this constraint to 21 million units and each it’s about this collective versus individual uh paradigm put put your shoes in how the network the network at a scale views things and then put yourself in the individual If you individually have an opportunity where you know uh a good source of power that’s just local the industry has left and it’s an old hydro dam or something like that Anywhere that there’s excess energy think of Bitcoin as a recycling system a mcelium network that the participants us humans actively go out in the world and find where there’s excess energy and it can be wirelessly transmitted into money That’s it It’s about us plugging in these wastes that are inevitably everywhere in the world because we always have to be producing more energy than we actually consume because the other way round uh is not very good It’s called a power cut in the electrical grid sense And here’s the thing when it comes to energy systems they’re very large and national scale But the whole aspect of this discussion around scaling is if you’ve not noticed there’ll be some of you that will recognize that uh the layout of this diagram is a little bit sacred and geometric that the discussions that we’ve just had in the start of this video is that the the mining machines they’re changing more efficient different calling system everything’s changing but the one thing that doesn’t change is the brute force efficiency that if you’re not a manufacturer producing a better ASIC computer that consumes less energy to produce more hash rate to produce more Bitcoin You’re out of business Goodbye Efficiency name is the name of the game for this branch With the pulls it’s the amount of hash rate because they’re in a race against the next um they’re in little stretches of of two week sprints that who can who can find the many most blocks before u the reality check of more participants joining the network the difficulty adjustment comes into play on the fee market side of things If you are if you are trading transacting as a bank you need block space which means you need hash rate but you don’t want to be involved in the mining side of things So there is a discussion there uh for anyone that wants to reach out to such ideas in the Bitcoin side of things It’s it’s bare asset It’s it’s money that all of these other commodities are going to be continually circulating and pricing against this digital bearer asset And what that does to our world is all of the energy systems being plugged into this new energy based monetary system that’s operating in this new digital domain that we call the internet that that everyone’s got their brains plugged into but their bodies in the real world I feel like I don’t even feel I have this very high resonance that having a digital form of money that is physically constrained to the real world with a cost to produce just might be the thing that helps say the younger people of society that have grown up assigning value to digital things We grew up playing games and Farmville and I’m going back in the years but in-game currencies and tokens and coins and collectibles we we have that mindset of a younger age to assign true value to these things Whether that’s the right or wrong way to go in in life that’s what young people have as a as a mental model that we grew up with these two worlds to operate in And uh there’s a lot of kids that uh they they seem without life if they’re not plugged into a screen which is very sad I hope that a digital form of money that is connected back to the physical world just might help just might help Um and those that take the journey to to understand this interconnectivity of these two worlds I think that just makes an effort towards um bringing them back into the real world so to speak Um I’m on that journey as well Now everything’s changing in terms of scale So how big do you think we can go how how big this this system of producing energy systems the excess energy recycled into compute to add blocks and settle and secure trade on the other side So Bitcoin acts as this yingyang between energy and money and the circulation and chaos and order truly And and there’s there’s circular local economies with all these different sectors Um and here’s the thing It can scale down as small as a mini miner a battery and some solar panels uh with an internet connectiv internet connection your own node and your own wallet And you are self-s sovereign uh operating across all three areas of energy comput and finance So you can have this I believe people I believe that this will all get constrained back to a single device just like Satoshi did He probably had his laptop produced his own Bitcoin stored the information and wallet all in one But because the network has expanded out into these multi-billion dollar going trillion dollar and that old unit of account terms of things it’s expanding into all these massive industries and sectors and integrating into energy systems in the megawatts to gigawatt scale um it can go as big I believe as the planet in terms of it’s already as big as the planet but the the the reason I say planet is because um our financial system innovated at the pace of the speed of communication because right now Bitcoin allows us to communicate with money data and energy so to speak um at the speed of light And if we were to go to Mars we’re going to need energy infrastructure heating systems and everything to keep us alive But we’re going to need a system where you know the money is not going to be US debt dollars from millions of miles away It’s going to be something more intrinsic to the vital things that will be needed to survive in that new environment on Mars which will be these kind of systems And what that means is that if if there was an ability to have uh Bitcoin develop on Mars it would not be able to coordinate with the nodes here in here on Earth because we’re limited by the communication system that the speed of light the the gap of communication if you send a signal from the U I keep saying about to say the UK from from the UK to Mars that gap in time can be 10 to 20 minutes Now if blocks are being added to the Earth Bitcoin chain at every 10 minutes we you wouldn’t be able to coordinate nodes in another planet So I believe that the limitation of Bitcoin is to the planetary scale which I think’s vitally important And that’s the scale on the big side of things in terms of how in terms of how the system builds out like locally to interconnectivity I do believe that there’ll be a lot of people that that they don’t want to economically mine but they use mining as a system that plugs between I want my own community location I need money because everyone’s everyone’s pondering the idea of not disappearing off into the jungle but being able to build out their own self- sustaining way of living growing organics and all these sorts of things and greenhouse farming in a world that the climate could be a little bit more volatile So you need green houses that can stay warm And so you’ve got this system where energy money and all vital commodities for for human living combined with a system where the excess wastes can be turned into a digital form of money where I have my own computer on my site and you have the exact same computer the other side of the planet But if we have the same computer consuming the same local energy connected to the same amount of global finance the pricing system is standardized whether you are deeply integrated into society living in the city or in the middle of the the jungle that we now have a financial system based on energy that standardizes it as a global level so that the local level is priced by efficiency So Bitcoin brings about a system which scales to all different aspects of society as we’re seeing There’s deep complexities in all six directions and it’s all changing But what does not change is the maths and the physics of how these three areas connect and the three core technologies and the three core commodities Um I’m going to add something else as well The other interesting thing is what I’ve been developing is understanding how Bitcoin’s unit of account framework comes into this which these core areas also have markets So the dollar per terahash pricing of machines is based on the efficiency hash rate in of itself that’s a discussion for another day You’ve also got the block space side of things that also you can arbitrage between If Bitcoin Cash has a load of random fees fill up on their mele there will be some hash rate from Bitcoin that will switch to this other chain capture those fees and then sell them into Bitcoin So it’s truly a one to many that now that Bitcoin has scaled it will kill any other proofof work competitor And I truly believe that they will never ever reach the same scale of Bitcoin unless something truly internally has a problem But the structure of this design of this system is truly phenomenal My my educational background is that of engineering and risk management where looking at how systems break uh was how I was paid and I’ve not figured out or even conceptualized how this system breaks There’s certain particular things but it it it can only break internally That’s that’s that’s what I would say But the the cryptography aspect is what constrains all of this I think it’s it’s the one that that new incomers to Bitcoin probably learned about the least the deep cryptography aspects of how this system works Um and it’s definitely an educational direction for me as well Thank you for listening I think I’m going to stop it there Um I’m going to do some more videos with this diagram but uh questions comments thoughts theories I shall uh be enjoying this video and I hope to see the comments So thank you for listening Goodbye
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When Will Bitcoin overtake Gold? Realistic Targets Revealed! | Hashpower Academy
Youtube VideosBitcoin’s at $2.2T, gold’s at $22.6T—when does BTC overtake the king? A 10.3x jump puts Bitcoin at $1.15M, but wait—gold’s price moves too! At $4k/oz ($26.86T) or $5k/oz ($33.58T), what Bitcoin price hits the mark? From Vegas crypto buzz to quant models, I crunch the numbers to find out. Watch now—discover BTC’s path to dethrone gold!
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L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
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Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to explore Mining/Hosting and other Business/Consultation Inquiries:
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Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin #BTC #Gold #Crypto #BitcoinPrice #GoldPrice #MarketCap #CryptoInvesting #BitcoinVegas #CryptoFuture #BTCvsGold #GoldMarket #BitcoinMarket #CryptoAnalysis #Investing #Finance #CryptoQuant #BitcoinHalving #CryptoWealth #VegasCrypto
Video Transcript:
hello there and welcome to the HashPower Academy your place to learn anything and everything to do with Bitcoin from the fundamentals the topic of today’s video is going to look at the comparison of gold and Bitcoin their market caps which right now gold’s market cap in rank one as an asset is 10 times higher than Bitcoin so the price of Bitcoin today needs to increase 10x to 1.1 million to outperform gold but here’s the thing the price of gold is changing i think the price of Bitcoin is changing the pri the supply of Bitcoin is reaching its full 21 million the supply of gold who knows and so what we need to do is understand what is going to change to anticipate what price of Bitcoin that it outperforms gold yes the Moonboy metrics are coming out so 10.3x that’s the amount that it needs to increase today but here’s the thing if the price of gold were to increase to say $4,000 4,000 um we need to understand what this multiplier is which is I’ve already done the numbers 26 trillion 26.86 trillion now we need to divide the 26.86 by 2.2 2 which gives us a figure of not 10.3x but 1211 to be very specific and then we multiply that by the bitcoin price and we get an answer of 1.355 million 1.355 million so 1.355 million per Bitcoin at a point where gold has reached $4,000 an ounce and Bitcoin would need to reach 1.355 if it’s a $5,000 uh gold predicted price that increases to 1.7 million so I’m going to write that so can we see a Bitcoin price of 1.7 million maybe but this is assuming it going up to $5,000 an ounce for gold and so understanding that these two assets are correlated in in the essence of their scarcity one through its atomic weight and hard to hard to produce in the physical world and its value derived from its scarcity as well and its timelessness versus Bitcoin which has transcended energy into a digital domain and its scarcity preserved over time to afford us more purchasing power we clearly know which one’s going to stand the test of time but when that point is reached this cycle I’m not so sure 1.7 million this cycle that would be extremely bullish uh or even down to the 1.3 1.4 million per Bitcoin what could affect this is also that what if the price of gold doesn’t actually increase that much because we see so much demand specifically for Bitcoin in the digital age of the 21st century uh potentially it could go down but potentially both of these assets shoot up to insane price valuations in dollars because it’s not the Bitcoin or the gold that aggregates these prices in dollar terms it’s the amount of dollars flooding into circulation and distorting these prices thank you for listening i hope you enjoy and I will see you in the next video goodbye
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3 Cycles of Bitcoin Price: Secrets of the 2030s | Hashpower Academy
Youtube VideosBitcoin’s price is a wild beast, but miners’ production floor—energy cost to mine 1 BTC—sets its energy exchange rate (BTC/kWh). I dive into 3 halving cycles (2028, 2032, 2036) to model 2030s prices. Halvings cut rewards, doubling miners’ costs, pushing the floor higher—think 2020’s $4k crash to $8k rebound. In a world where difficulty and markets shift, halvings are the only sure bet. Forget price guesses; the production floor’s rise signals Bitcoin’s value. Watch now—crack the energy code for 2036!
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https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to discuss Mining/Hosting and other Business Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
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Video Transcript:
Hello there and welcome to the Hashpower Academy, your place to learn anything and everything to do with Bitcoin from the fundamentals. Now, the topic of today’s video, we’re going to look at the three cycles of Bitcoin going into the future. So, that being up to 2028, 2032, up to 2036 and beyond, understanding that lots of things change, but things tend to stay the same whilst changing a lot. And what I mean by this is the network’s going to use more energy. Efficiency is going to do go down. Hash rate is going to increase. Mining rewards are going to decrease per terahash. And obviously we hope that the fee market increases. So as you can see there’s lots of paradoxical chopping and changing through the entire network. But what we need to understand about where Bitcoin goes to the upside is how low it can go to the downside. The retracement back to reality is where things could be best built off in terms of fundamental understanding. So right now we’re 50k production floor which is creeping up and up and up. But guess what happens when we hit 2028? The h havinging to every bitcoiner is the doubling to bitcoin miners. Because if your energy bill stays the same, but the amount of Bitcoin that you earn when the hing comes along cuts in half, it means that it cost you twice as much in electrons to produce the same amount of Bitcoin and thus the production floor doubles. So let’s say production is 75K and that’s being generous for 2028. This is probably I’m actually going to delete this. We are going to go up to 100K. I do believe that by the next h havinging the production floor for Bitcoin miners will be about $100,000. Now if the fee market is abysmally low as in the amount of Bitcoin per virtual bite that you are paying to store your transaction data in the blockchain forever all the nodes to hold on to that data forever. Well, if that’s very low and subsidy is still the majority of miners revenue, the amount of Bitcoin they earn per terahash per day, we could see the production floor doubling. It happens every single time there’s a hing. So, we could see this uh shoot up to say 200k production floor. Right now, what happens over a four-year cycle? More hash rate coming online, more efficiency, yes. uh subsidy stays the same over the four-year period. Fees continually, we don’t know. We hope that it goes up, which actually lowers the rate of the production floor relative to the price. So, we could see hopefully a creep up to $250,000 by 2032. That is very loosely suggesting that the network increases by say from a $200,000 price production floor to say 250. That’s about 25% increase in network hash rate. I 100% believe that we’ll be at a,000 xahash um one zetaash one zeta of hash rate. Having comes along, the amount that we’re earning per terahash per day cuts in half. So, can 25% more hash rate can another 250 xahash come online over four years? It’s probably a lot higher than that. And why am I showing you all this? Well, guess what sits on top? It’s the price. So somewhere the price takes off maybe retrace is down and continues. Price always sits on top of production because um the asset is more freely available to use. So it builds up a premium in several other ways. Um and it’s that direct exchange rate to dollars that what is the upside to the dollar to bitcoin exchange rate? It’s infinite because there’s no top to Bitcoin’s dollar price because there’s no bottom to the value of the dollar until it goes back to its reality of being worth zero. So, do I see the price of Bitcoin shooting above 200,000 this cycle? Yes. I see it retracing um back down to during that sort of hinging period. I do see it being able to trace back down to before 20 2028 I it has the potential to to drop down but this is what it did um during the 2020 h havinging was that um you can replace 100k and 200k for $4,000 and $8,000. the price crashed to $4,000 um in the h havinging um just before the h havinging sorry and it retraced up to 8,000 very quickly. The recovery from COVID the price recovered really quickly. So even if this um energy energy exchange rate for Bitcoin reality check just raises the production floor every h havinging the doubling as I like to call it. Um and again this is where it gets crazy. If we’re at a 2 $150,000 production cost for Bitcoin in 2032. What do you think? The next h havinging comes along and cuts it in half again. But again, fees begin to take over. So we might we might not see the h havinging um double the production cost, but it may just increase it say 30 40%. Um we truly don’t know. It’s all about the block reward being a combination of subsidy and fees in combination. Right now subsidy is 99%. So if the 99% of revenue cuts in half, pretty much 50%. Um if fees start becoming 10 20 30 40% of block rewards, which is fundamentally what we want, um the h havinging has this lesser and lesser effect. But I still think confidently at say $250,000 production cost in 2032 that if subsidy represents half of uh mining rewards and cuts in half to 25% that means that fees begin to stop being the the 75% and the uh subsidy cutting in half from 50 down to 25% in terms of its relative of the total block reward. board. If it only increases the production floor by 25% from 250K, that’s roughly 50 50 to 70ishk. So, I’m just going to say $300,000 on this one. So, where do I think price will be in 2032? This is being generous but that way that’s the short answer. Now this is basing off the pure math maths and physics of Bitcoin of knowing that our production cost right now is creeping up because when the price shoots above 100K whilst people are producing at 50, it means miners are capturing a 2 to one premium. They are capturing $2 of economic value for every $1 of input value. And a bull cycle can make that ratio go up to eight n 10 times where $1 of energy input is recovering $10 of economic output. And that signifies the top as well. And when it’s one to one, that signifies a bottom. That’s why I say that the production floor tends to function as a floor price for Bitcoin. And it has throughout all the cycles. And when price in dollar terms absolutely deviates and takes off, a Bitcoin price of a million dollars for example right now would enable miners to be earning 100 no sorry $1 per kilowatt hour which means that they would be say paying the typical miner is paying between four five six seven eight cent per kilowatt hour. So if they start earning a dollar per kilowatt hour, they’re going into 2030 times their money. Input $1, output $30. That is insane. And what that means is what do you think miners do with said economic returns? They stack it in Bitcoin. Yes, with that very high valuation of Bitcoin, but it accelerates the process. They go and reinvest in more machines capturing that massive premium. And this is why Bitcoin mining always seeks to find a steadystate equilibrium between the economic potential to be captured on the financial side and the amount of compute in terms of you can think of hash rate as network shares. They are if you own 10% of the hash rate that’s online, you’re capturing 10% of the network’s fees and block rewards roughly. And luck is is what changes that. Now, what I’m trying to explain here in terms of these three cycles of Bitcoin price is we don’t know how much hash rates coming online or how efficient the next wave of machines are relative to this production floor because efficiency of machines lowers the production floor. But efficiency represents uh an advancement on the technology side. An increase in energy consumption. It’s not just uh machines being replaced, it’s machines being added to the network in conjunction with other machines in other um economic setups such as someone that’s got a uh solar farm and they don’t need machines running 24/7. They just want to have a few old mining machines capturing some of that economic return when um when there’s some when there’s some excessive sun. So they’re not even running the machines 24/7. They’re just capturing it. So there’s all these different older uses for old machines. So there’s hash rate always coming online and hash rate raises uh the difficulty which reduces the amount of Bitcoin that you earn per terash per day. And so this floor price keeps going up. But why I base it say on these hinging events is because everything to do with the future is unknown. But what we do know is that h havinging event is coming. This one’s coming. This one’s coming until all 21 million are distributed. The monetary policy of Satoshi Nakamoto for the full distribution of 21 million of these units. That was set over a decade ago at least. Now that’s not going to change hopefully. And what this means is that we have this ability to anticipate what is being issued at any moment in time. So from that point it’s working it back to how much hash rate is capturing said blocks and then the efficiency goes down to the energy level of how much energy is being used to produce the amount of hash rate online to capture said 144 blocks of time regulated energy monetary units per day. Now, what this basically means is we are going to see some obnoxiously high price in Bitcoin relative to today. Um, yes, there will be people from the crypto world that think, oh, why would I buy Bitcoin at 100,000? If it goes to 200,000, I only make double your money. um they’ve completely lost the point as to why we are trying to preserve our economic energy as a collective pool of wealth across the planet where the very pricing system fundamentally comes from energy but it respects other people’s ability to buy, send, and spend it because it has that direct alignment with how everything else in society is produced and consumed with energy. I think I’m going to stop it there. The premise of this is the Bitcoin price is going to go obnoxiously high by 2036 at least. I’m most excited about block 1 million. I think that would be quite an interesting event just before the havinging which could see a load of fees and other alternative use cases of the blockchain that we don’t particularly want to see. But also people see the importance of fees increasing because that accelerates because again if these are payments of fees to miners and miners then plug in more machines which raises the difficulty and thus the value of Bitcoin as well. When more miners plug in, its exchange rate between energy and Bitcoin increases, thus raising your purchasing power in literal sense, as well as the uh ability to spend it. Thank you for listening. I hope you enjoy. This is a bit of a different video, probably a longer one, but uh I’m back. I’m ready to produce lots of content and uh I want your thoughts, feelings, questions, queries, emails, inquiries, consult consultations on different business ideas that you have and I will see you in the next video.
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Tokenised Real Estate – Failure or Fortune? #realestate #RWA #Crypto
Youtube ShortsVideo Transcript:
If someone tokenizes their property and they have ownership of their property and then they lose their keys their digital keys not the actual key uh how do they trade and transact their property because in one sense possession is 9/10en of the law and what would be required is some form of modification or adjustment to extract the ownership information out of said private and public key pair and shift it to a new one which in of a sense breaks down the entire premise of having this asset on a blockchain and this is where it comes to Bitcoin bitcoin uniquely uses blockchain a form of timestamping of transactions that it complexifies the cost to add the next block of transactions with a cost of energy you have to brute force find the next block and that creates the pricing system of the money not just the data units of how much everyone has in a block but the actual cost to produce what am I trying to explain well there’s this transcendence aspect that the very valuable thing in of itself is stored in the blockchain whilst every other use case of a blockchain is trying to use blockchain technology as this accounting ledger and ownership structure of physical things because Bitcoin and by extension mining are the only two natively digital things in terms of commodities and everything else is just using blockchain i can’t I can’t explain it because it doesn’t make sense because the actual thing that you want is out of the blockchain as in if I give you a piece of gold uh or say I give you a token that represents a piece of gold and the gold goes in a vault you’re still trusting that someone has the actual gold in the vault and there is no intrinsic connection between the actual gold in the vault the physical thing and the digital asset that references your ownership of that gold they can be separated disconnected and disappeared and so yeah every every problem associated to these massive campaigns and promotions and startups trying to make onchain assets all the assets are in the real world so possession is 9/10en of the law and tokenized real estate the financialization of real estate uh brought us to 2008 so there is a takeaway
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Bitcoin’s Secret: Energy & Internet Power Your Life! | Hashpower Academy
Youtube VideosYour life runs on two systems—electricity grid and internet. Without them humming, everything stops!
I reveal their secret: the grid balances via energy economics, while the internet moves info. But the financial system? It’s broken.
Enter Bitcoin: an economic system secured by energy, not trust. I unpack how Bitcoin leverages grid power to fix finance, ensuring security through hashrate and miners’ muscle.
Watch now—discover why Bitcoin’s energy-information combo is the future of money!
Primary Contact
info@hashpower.academy
Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
L2 Lightning: academy@walletofsatoshi.com
Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to discuss Mining/Hosting and other Business Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin
#crypto
#catvideos
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#GridBalancing
#CryptoFuture
#BitcoinEnergy
#EconomicSystem
#Hashrate
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#SystemSecurity
Video Transcript:
Everything about your life and how you live it requires your complete dependency on these two systems, the electricity grid and the internet. Everything about your life boils down to energy and information. The costs of everything and the output rewards of all your time and energy being spent, money. And the internet comes into this because we have seen over the last few decades the complete de dematerialization of the high street. I remember growing up as a kid there being endless amounts of shops and Toys R Us and everything else and year after year after year the entire high street has transcended to the internet. But that deterioration on the physical side of things is quite a problem. Now where am I going with this video? Well, here’s the thing. We as humans now live in this boundary layer between these two worlds that we operate in. The majority of kids with their heads completely buried in the internet and the physical world always being there, always adhering to the laws of physics. And there’s this thing called money. Everything that we consume our time and energy working to gain to then spend to enjoy our time and energy on this earth. And that circular economy is fundamental. And where Bitcoin gets rid of the inefficiencies of the current monetary system is that the more we ensure the fundamentals of how we live are sustained and prosperous such as a functional electricity grid, just think of uh Spain at the moment. They had a massive power cut and people died. And that’s what happens when civilizational infrastructure stops working. It’s a serious problem. And it’s the same with our financial system. Whenever there’s a financial crisis, it tends to be the the little guy that foots the bill. And that’s not what we need in society. We need systems and infrastructure layers that go very deep to the heart and the core of how our society functions. the very people up in cherry pickers fixing things in the rain whilst you sit comfortably scrolling through, yes, it’s cliche, your cat videos or this video for the matter. What I’m trying to get at is these infrastructure pieces that hum away and tick along in the background without any second thought to the 99.9% of the human population, that’s probably not going to change. But if you are a Bitcoiner, you have some sense of understanding that societal issues of a whole, there’s something deeprooted to it. And many Bitcoiners have fully concluded with constant observations of many things and criticism of their own conclusions of we have a broken form of money. And what Bitcoin introduces is a couple of things that yes, there is a countless amount of financial aspects of a fixed supply asset. So it’s stock to flow ratio. The rate of a new increasing amount of money in circulation is not imbalanced to the amount of time and energy people spend acquiring said money. And that commodity money aspect of Bitcoin having such a scarce production rate. In fact, the ETFs right now are absorbing multiple amounts in terms of the amount of Bitcoin per day that’s available versus the the 10 times as much that they are purchasing themselves. And everything comes down to these infrastructure layers. It sounds boring maybe, but here’s the interesting thing. What Bitcoin does is it creates this circular economy between these two most important systems. We have our electrical grid which remains stable with economics. Let me repeat that. Our energy system that keeps everything functioning remains stable through economics. Because if the price of energy deviates too high and low, that is a representation that there’s too much supply or too much demand or vice versa on the electrical grid. And the price is what is used to settle the trade and transfer of energy so that the grid always remains balanced. Again, an energy system that keeps us all functioning and keeps the internet running. Our energy system is sustained by economics or finance shall we say. And this is where it gets a little bit interesting. What does Bitcoin do? Bitcoin does it the other way round. That’s its key phenomena when it comes to the context of energy is all of the problems with money in our financial system. It solves with energy as its security model, proof of work. That those that wish to issue the currency that other people spend and buy with their time and energy working. If you wish to issue that very same currency, you have to pay a cost in energy. But the fact that you went out and built energy infrastructure and compute infrastructure and consumed electricity and took those risks to not even buy the money but protect and project the network itself. Well, you get paid potentially at a lower price. But that that difference between the price of Bitcoin in dollars versus the price in electrons, that gap is fair. That those that produce by building out civilizational infrastructure of networking, the blockchain, data storage for us to settle in a peer-to-peer way. The true phenomena behind Bitcoin is not just its financial aspects, but it’s bringing a security model from the physical world. The laws of physics into the digital world where the laws of physics don’t exist. Copy paste shouldn’t technically exist in a physical sense. But that ability, say for you to listen to me speak, um, I’ve consumed x amount of energy recording this video, but if a thousand different people watch it or a million, shall we say, that I I couldn’t have consumed this energy a million times over speaking to a million people. The power of the internet is this ability to project. And I’m uh sort of enjoying that journey right now with this educational material that I’m putting out. I think I’m going to stop it there. Uh but the key takeaway is this. We have our most important infrastructure in the physical world. There’s obviously water systems and all these other sorts of things. But energy infrastructure that maintains our physical world is sustained with financial architecture. And we have now a financial architecture operating in the digital realm which is not just our local uh survival but our global trade and ability to economically prosper. Everything to do with finance in the digital wild west secured by energy systems. Thank you for listening. I hope you enjoy and I’ll see you in the next video. We have loads of stuff so get in the comments, questions, queries, emails, all of it. See?
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The Same Bitcoin Miner, Same Efficiency, TWICE the Profits?! | Hashpower Academy
Youtube VideosWant to mine Bitcoin? Let’s make hardware easy! In this Bitcoin 101, I explain the price ($/TH) and value (J/TH) of mining rigs like BitAxe Mini Miners, Hashrate Heaters, and ASICs. Lower J/TH means a more efficient rig—but it’ll cost you more upfront. Buying in bulk? That slashes your price per TH. Whether you’re into home mining, solar setups, or hosting, I’ll help you pick the right gear for your goals. Watch now—start mining smarter!
Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
L2 Lightning: academy@walletofsatoshi.com
Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to discuss Mining/Hosting and other Business Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#bitcoin
#BitcoinMining
#MiningHardware
#BitAxe
#HashrateHeater
#ASICMining
#CryptoMining
#BitcoinHosting
#HomeMining
#SolarMining
#offgrid
#Strategy
#Crypto
#BitcoinEducation
#MiningEfficiency
#BTC
#MiningCosts
#CryptoInvesting
#BitcoinHardware
#MiningBasics
Video Transcript:
Transcript Not Available
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Bitcoin Network Update 🟧 896872 🟧 Cheap Fees! & Sustainability | Hashpower Academy
Youtube VideosBig Bitcoin network update! Fees are super cheap—time to make those transactions! We’re at block height 896872 in the 5th halving epoch. Network hashrate keeps climbing, and efficiency’s getting better too. The Cambridge University Centre for Alternative Finance dropped a bombshell: Bitcoin mining’s now over 52.4% sustainable! Saylor keeps stacking sats, and Vegas Bitcoin buzz is just around the corner.
I cover it all, so watch to stay ahead!
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Align a meeting if you are looking to discuss Mining/Hosting and other Business Inquiries:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin
#BitcoinFees
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#Blockchain
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#CambridgeUniversity
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#SustainableMining
#Crypto
#BTC
#BitcoinUpdate
#BlockchainFees
#MiningSustainability
#BitcoinMining
#CryptoNews
Video Transcript:
Transcript Not Available
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Bitcoin 101: Hashprice Explained | Hashpower Academy
Youtube VideosCrack the code to Bitcoin mining with Hashprice! In this Bitcoin 101, I break down Luxor’s genius metric: (subsidy + fees) × price ÷ network hashrate. Hashprice tells you exactly how much BTC you earn per TH/day—your mining money meter! I dive into its power for hashrate contracts and future Bitcoin bonds, plus blockchain arbitrage—miners flipping their ASIC hashrate to SHA256 chains with the fattest returns. From difficulty to dollars, learn how Hashprice shapes your profits. Watch now—level up your mining knowledge !
Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
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I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to discuss Hardware/Hosting:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin
#BitcoinMining
#Hashprice
#Crypto
#CryptoMining
#luxor
#HashrateIndex
#BitcoinEducation
#ASICMining
#CryptoInvesting
#MiningProfits
#BTC
#Hashrate
#BlockchainArbitrage
#BitcoinBonds
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#MiningMetrics
#SHA256
#Bitcoin101
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#MiningReturns
Video Transcript:
Hello there and welcome to the HashPower Academy, your place to learn anything and everything to do with Bitcoin from the fundamentals underneath the price. But interestingly, today we’re going to be talking about a mining metric called the hash price. It was a metric developed by a mining company called Luxor, which are very much integrated across all the different areas of Bitcoin. But today, yeah, we’re going to talk about their metric that they developed, which is now an industry standard for understanding the amount of Bitcoin you can earn per terahash per day. That’s what hash price boils this figure down to. And it’s in a dollarized amount. And hash price is the quantity of subsidy and fees multiplied by the price. So, the dollarized value of the amount of Bitcoin the entire network is earning based on difficulty underneath. So essentially how much Bitcoin you can earn per terahash of compute that you’re producing per day. And so we’ll look at the time aspect, the quantity aspect and maybe that comparison that what hash price is directly comparing is the amount of Bitcoin you can earn per terash per day dollarized amount in Bitcoin. But also what the comparison is is that same hash price is arbited potentially off across into other blockchains such as Bitcoin Cash because interestingly enough the hash price stays pretty much the same across all SH 256 blockchains because if one offers a higher reward hash rate switches to the other chain and brings it back down. So there’s an arbitrage aspect. We can also discuss that Bitcoin hash rate contracts are established from this pricing metric and also uh that uh interesting bitcoin per kilowatt that I like to discuss a lot. It truly connects the compute and economic side to the underlying energy side that miners use and potentially is a better metric but that’ll be for the end of the video. So the first thing to understand is that Bitcoin blocks are typically 144 per day. That’s one every 10 minutes roughly. But here’s the thing. Because miners are always joining the network, the the network hash rate is growing. The difficulty is increasing. And the difficulty increases if the software of all the different nodes has understood that blocks have come in quicker than 10 minutes. If they’ve come in 9 minutes, they’ll jump they’ll jump difficulty uh 10 11% depending. And so the first thing to understand is we’re looking at a day, but a day could be 147 blocks. It could be 140. It could be 144. It’s not an exact amount, but we’re measuring in a relative 24-hour period how many blocks are mined. And that determines the quantity and subsidy, the 450 Bitcoin roughly per day plus fees. Multiply that 450 Bitcoin by the Bitcoin price, and that’s the dollarized amount of Bitcoin being earned by the entire network. And then that difficulty adjustment is an understanding of how much hash rate the network hash rate which is earning all of that bitcoin. So hash price essentially divides that down to a terraash or you may see this figure right now at $55 per pahash which is 1,000 terraash. And so the first thing to understand is if the difficulty increases diff if it increases hash price decreases because if more more miners show up to the party each person gets a smaller slice. If more hash rate joins the network the bitcoin per terahash per day dilutes down a smaller quantity of bitcoin mined per terahash per day. And we have continually seen this over the course of Bitcoin’s entire history. And we will continue to see it to trend inevitably to zero, but never reached there. The gap between zero and the quantity of Bitcoin earned per terash per day is when we completely replace subsidy as the revenue for miners with fees. So we’ll never reach zero because zero to the quantity mined per terahash per day will be the active amount of fees being paid to the miners going into the future hundreds of years. And on this side of things, the the unit of account of hash price is that the the the key metric in the middle is that quantity of hash rate and how much Bitcoin you’re earning and how much energy cost associated to that because that’s the key metric for the miners is they’re looking at hash price to understand, okay, I’m going to spend this much on electricity today and I’m going to earn using this metric this amount of Bitcoin per terahash per day. and that comparison obviously they want to spend less on energy than what they receive in Bitcoin in return. And so one of the things that miners are going to do is when they think that the hash price is really high is they could potentially lock it into a contract which is essentially to say that right now if if the hash price was to jump really high and a minor thinks it will come down, he could potentially sell his future ability to produce Bitcoin to a buyer. So he’s selling a hash rate contract and being paid for that quantity of Bitcoin per terahash per day at say let’s say 10 cent per terahash per day or $100 per pahash per day and he’s locked in that rate because he thinks it’s going to drop and the buyer he’s taken the risk of the upside and so the first thing I’d like to say is if anyone’s looked at hash rate contracts or nice hashes easy mining or any of those sorts of things what you are buying into is not the ownership of a machine and the mining versus buying accumulation curve versus just buying Bitcoin. You’re buying into the hope that price increases, subsidy stays the same, fees increase, or the difficulty drops. That’s how you get paid as a hash rate contract buyer. You’re not buying into the economics of mining. You’re essentially trading you. And so the first thing to say about hash rate contracts is they are going to have particular use cases. But the key thing is that hash price will be the pricing system because it’s the miner observing the value of his compute per terahash per day. Um and then the other side of this is what that comparison is. The hash price of Bitcoin right now is 5.5 cent per terahash per day is well Bitcoin cash also has a quantity of hash rate right right now it’s about 3x a hash right and bitcoin right now I think is like 900 x aash now what happens is the hash price is relevant across all sh 256 blockchains because what happens is if the hash price of bitcoin cash let’s just say they had a load of fees or the price shot up and now the hash price for Bitcoin Cash is I don’t know 6 cent per per per terahash per day. Well, you’ll see some of this hash rate switch across to Bitcoin Cash and capture all of those fees and economically autocon convert their Bitcoin cash into Bitcoin. And when they see that realignment of the hash price across different blockchains going back to normal, they’ll go back to to mining Bitcoin. And so there is a real computational battle of um 0ero to one that there truly only will be one large SH 256 blockchain because it can computationally capture the fees of another blockchain and then auto switch it back. So the yes, Bitcoin cash very short term increases its security, but the miner of Bitcoin is capturing those fees in one blockchain and economically shifting the value to another. So depreciating it and so Bitcoin essentially kills all competitors in the computational sense and um my most favorite metric which hash price doesn’t consider in the economics of mining but uh you need the hash price as part of the calculation which is I like to use um bitcoin per kilowatt hour. So not the understanding of what one terraash earns you in quantity of bitcoin but how much one kilowatt hour earns you in quantity of bitcoin which requires you to look at the efficiency of the machine. So you do 1 kilowatt divided by the efficiency of your machine say 20 jewels per terahash and then you would multiply it by the hash price which is 24 hours. So you divide it down to an hour. So you get your bitcoin earned per kilowatt per day. So it shifts the unit of account down to the electricity level because then the miner has the direct understanding of the quantity of Bitcoin he earns per kilowatt incorporating his local efficiency and the global revenue rate of hash price. So hash price is great, but I feel like Bitcoin per kilowatt hour is a lot clearer for a lot of Bitcoin miners and also newcomers looking to understand the entire stack of energy compute and economics of Bitcoin compute and and electricity. So yeah, I’m just going to write Bitcoin per kilowatt hour because it’s my object bias in this debate. BTC and yeah truly if you if we consolidate things down per kilowatt hour it it just provides that clear understanding of inputs versus outputs because the miners are always understanding the economics of how much they can earn per terahash but then they have to they always have to convert that back down to the kilowatt hour level already just to understand the inputs of their energy cost and the outputs that they’re earning and then understanding say which chain is more profitable obviously You can see where all the miners are voting to see where the profitability is. And yeah, we will continually see all the different moving parts of these different areas of Bitcoin, but hash price does consolidate a lot of the digital side into a single metric. And uh yeah, so thank you for listening. Hope you enjoy and I will see you in the next one. Goodbye.
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Nodes: Can you handle the Truth? | Bitcoin Education | Hashpower Academy
Youtube VideosNodes—are you ready for their truth? In Bitcoin’s circular energy money economy, holders pay to store data on the blockchain, miners cash in to add blocks, but nodes? They’re the unsung volunteers holding it all together, storing every transaction’s truth. From Bitcoin Core to Knots, miners to Mara, I dive into the heart of the network. Too much cost on nodes could break this balance—think mempool bloat, OP Return, Runes, Ordinals, even ETFs and NFTs clogging blockspace. Developers shape the rules, but nodes enforce them. Watch now—uncover why nodes are Bitcoin’s backbone and how to keep them thriving!
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L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
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https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to discuss Hardware/Hosting:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin
#BitcoinNodes
#Crypto
#BitcoinCore
#Miners
#Mempool
#BitcoinETFs
#NFTs
#Runes
#Ordinals
#Mara
#Blockspace
#Knots
#OPReturn
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#BlockchainTruth
#BitcoinDevelopers
#CryptoFuture
Video Transcript:
Hello there and welcome to the HashPower Academy. My name is Jacob Scandalan. I’m the lead educator here at the academy and this is your place to learn anything and everything to do with Bitcoin from the fundamentals. Now the topic of today’s video is looking at the current debate uh with the Bitcoin community, Bitcoin core and their decision to want to increase the OP return limit which allows essentially more arbitrary information to be able to store in the Bitcoin blockchain. And the key question for you is what price would you pay? What price should you pay to store information online forever? And the the back end of that very interesting question is that the Bitcoin nodes are the volunteers of the Bitcoin network. They are storing all of this transaction information. Tik Tok next block. That is a group of people all around the world, thousands of them that all individually have a storage device for storing all of our transactional truth because you can only add Bitcoin blocks to the chain with an expended amount of energy from the mining sector producing compute producing Bitcoin. and those holding Bitcoin, those are the ones paying to store their transaction information in the Bitcoin blockchain. So the nodes are a series of interconnected people having updates from the miners of a new block for new transactions to be stored and they are being informed as to that minor saying, “Well, I want to store this group of transactions in the blockchain.” And you got everyone holding Bitcoin and those running nodes broadcasting that they want to store their transaction information in the block. And so the nodes are these volunteers in the middle whilst the Bitcoin holders are paying fees to the miners and the miners are continually adding more blocks to the chain to collect those fees. So miners are incentivized to produce as much block space as possible because they get paid for doing so and they get subsidy as well. And subsidy right now is the majority of a miner’s revenue. It’s 98 99% of the total block reward of both subsidy and fees. But we inevitably into the future go to a point of time where there is no more subsidy. the 21 million units of digital real estate of Manhattan, the first purchases of this prime digital real estate that is a bidding auction of electricity and compute that is continued now for over a decade at least and is going to go forward multiple more decades 100 plus years of the bidding auction of electricity and compute into Bitcoin. But with price sitting on top as well, uh price has been the one thing that a lot of people have focused on the most. But let’s go back in time. Let’s go back to the dawn of Satoshi Nakamoto consuming a small amount of energy in his CPU to produce a small amount of hash rate which he produced his own Bitcoin blocks and stored his own Bitcoin with his own private key. And so you have this complete vertical integration of all the responsibilities and node running at the start of Bitcoin was that functionality that every computer was producing hash rate, producing blocks and preserving their own private keys. And so at the dawn of time, mining wasn’t an industry. and holding your private keys and being a Bitcoin holder wasn’t an industry in the sense of it’s fragmenting now into wallets and platforms and exchanges and layer twos and ETFs that on the financial side above the Bitcoin blockchain the responsibilities of holding your own private keys has obiscated. If you’re if you’re holding your Bitcoin with an ETF, you’re essentially, you know, letting someone else be responsible for your for your digital money. That is a double-edged sword. And then on the mining side of things, as mining got harder and harder because as more people uh joined the party to get their slice of the cake, more people, smaller slice. And so the the timeline of mining has required more energyintensive, more efficient computers and it’s broadened out into its own industry. It’s a m mining is a multi-billion dollar industry and it’s delving deeper and deeper into the energy sector. And so you’ve got everything underneath Bitcoin producing blocks expanding out into the energy sector. And you got everything in the financial side expanding out into the financial sector. But what has not changed in the middle? It’s those that run a node. That you’ve got the miners incentivized to add more information to nodes broadcasting blocks of, hey, take this file, add it to your file storage, and let’s all preserve the transactional truth of the Bitcoin chain. And you’ve got holders performing all different types of economic activity all across the planet wanting to pay to store their information in the blocks. But the nodes in the middle are the volunteers. And so going from the past of all responsibilities to produce blocks, store blocks, and own the information, the Bitcoin data money in the blocks started as one in the same job role. But coming to the present, we’ve got now a system which is adding 50 to 100 gigabytes of data uh every year and that will increase. Why? Because if we increase the amount of arbitrary non-information that’s not monetary in form, different file types so to speak into Bitcoin blocks, yes, it does stimulate an increase in the fee rates. Miners, well, well, like Marathon, they are allowing these large files to be stored in Bitcoin blocks because they’re paid for doing so. So to miners, they care about the uh the fee rates because inevitably subsidy disappears and you’re only just getting paid fees. That is the inevitable finality of mining from the mining perspective. that miners are when subsidy is gone, miners will be able to arbitrage, energy, compute aspects of heating systems and selling electricity, but it’s all priced and benchmark against the amount of Bitcoin they can capture per block mined. And so their avenue to capturing this Bitcoin is to store as much information in the block. So this just helps you understand where the miners sit in this debate. And then people holding Bitcoin, they want the fee rate to be as low as possible. So So the access to block space is cheap. So you got miners who want the fee rate to be high as high as possible and Bitcoin holders that want the fee rate to be as low as possible. And interestingly enough, from the things that we teach here at the Hashpower Academy is block rewards get priced against a miner’s compute and energy. If block rewards go up, the value of hardware goes up. But also, the price in which miners are willing to sell their electricity goes up. Alternatively, if you’re holding Bitcoin and the fee rate is really low, the amount of electricity you can buy with your Bitcoin increases. So, paradoxically, the lower the fee rate that the amount of uh sats per virtual bite that you need to to store your transaction information in blocks, uh well, if the fee rate is really low, your Bitcoin allows you to buy more electricity and thus increasing its purchasing of power by literally uh being able to buy power from miners in in a future state. And then the miners, they want to be paid as much. And so holders want naturally low fee rates, but right now blocks are empty. And on the mining side, yeah, blocks being empty is an economic problem to the security budget. The the difficulty adjustment increasing is that as price and the value of Bitcoin increases, its security is increasing in tandem, which is important. And I think the key danger point is if we ever see one four-year cycle where difficulty does not increase, that would be the key danger I I believe for Bitcoin. And then what doesn’t change, we’ve talked about the past where it all used to be one in the same role. You ran a laptop, produced your own block, stor stored the information, and owned your own Bitcoin with your own private keys. And now it’s expanded out into wallets, apps, IUS, and not even running a full node anymore. People have pruned nodes and partial nodes and mining where the majority of miners don’t even run a node. They are just hash rate sellers. They’re not producing their own blocks. They are selling their hash rate, the the compute commodity, so to speak. They’re selling their hash rate to a mining pool and being paid Bitcoin whilst the whilst the mining pool is the the the the business entity of running a node so to speak. And mining as a mining and holding Bitcoin are the economical circulating economy around the nodes, but the nodes still in the middle are volunteers. So this is a very tricky and in intricate conversation when looking into the future. From my perspective, we’re coming from a debt-based money system going onto an energy based money system. We’re in the the ter the tumultuous change in that process right now in the point of time. And I believe if blocks are empty, that’s a problem. So, I don’t think this is I’m going to put out a an idea and I don’t think it’s the right or wrong approach, but I’m obviously looking for people’s thoughts and feedback that have a more technical leaning understanding of of Bitcoin from its from its uh developer sense, which is if blocks are empty, maybe the OP return limit should be slightly higher, but use the difficulty adjustment as as an aggregate for lowering and increasing um the the OP return so that in the peak of the bull market when there’s a lot of transactions flowing around um get rid of the arbitrary information essentially. But in the bottom of the bare market where the p you know the block space is empty and we’re just depending on subsidy which you know that’s not where we want to be. Then maybe open it so that blocks are being filled. But that that does endanger Bitcoin to becoming a cloud storage system. And I do believe that miners will have a lot more economic opportunity in not just hoping and crossing their fingers that the benchmark of their income is based on block rewards, but I believe that block rewards for miners are the least interesting final outcome for their use of compute. that there is, you know, the compute in of itself is the the representation that energy is available in the Bitcoin network and that energy can be sold and it’s being priced against um the fee rate of block rewards. the the global electricity grid of the blockchain comparing to their local uh energy availability that they’ve got a power contract with a quantity of kil and uh as their input and they got an output of bitcoin being mined and they can directly price those two and as they find buyers of energy the more they switch their machines off the more money that miners can earn. So I do see that miners should be building out in the physical root system instead of in the digital ethereical hope that other people’s other people uh take the cost of storing transaction information um aka the volunteers having to well we’re imposing more cost on the volunteers by having them store pictures and videos and music in the Bitcoin blockchain because the nodes if there is more cost to running a node less people will do it. That it’s great that there is mining on the physical side of Bitcoin’s decentralization fragmented across every country, every electrical grid, off-grid um with using network communications such as satellites um and ground stations and and the the internet in of itself is very decentralized. Um, but that digital side of decentralization, the transactional truth of that file, we want that in the hands of as many people running as many nodes, because if you think of the the millions that hold Bitcoin, and then the tiny percentage that run a node, that that truly began with the fragmentation of updating the blockchain, storing the blockchain, and owning the information on the blockchain. as those three fragmented out into finance and energy and running a node in the middle sort of became an enterprise business for mining pools which are still a for-profit business. That fragmentation I believe is where the problems began with people truly trying to wrap their head around the importance of running a node. So the key takeaway is run a node and if you believe that the op return limit should be higher, run Bitcoin core. If you believe it should be lower and you should just store monetary transaction information of economic activity on the network um in in a in a strictly monetary focus the the fragmentation of the central banking system debt based money um and transitioning onto an energy based money. Well, that’s that’s the path that I believe is is the most important from my side of things. I think the second most important transaction type that’s nonmonetary should be electricity because you’ve got you’ve got mining infrastructure deployed across the planet which is continually observing what’s happening on the blockchain already for the majority and it’s the other side of that trade is is is power markets. I do believe that that there should be some form of layer two that has net settlement to the Bitcoin blockchain to aggregate the amount of electricity being consumed and even pricing and trading of energy because as I’ve said there’s already a pricing system that miners right now especially in Texas if you if you Google demand response Bitcoin mining it will come up that miners are literally observing what’s more valuable with my power contract sell the power for X amount per kilowatt or mine into Bitcoin x amount per kilowatt. Which one pays me more? Machine off, sell the power. Machine on, consuming to produce Bitcoin. And that that means that Bitcoin’s most intrinsic market activity is not just block space, but also with energy markets. So, I believe if there was anything non-monetary that should be stored in the Bitcoin blockchain, it should be net settlement of energy trading. But that’s just me. Thoughts, comments, questions, queries? Um, I’m going to start adding links and donation things in the in the description because YouTube have demonetized me. Thank you very much. It’s just uh put an even bigger fire under my backside and um I’ve got to find other ways to keep this channel going because the time and energy to make this content is very important but also important for education. Thank you for listening. Hope you enjoy and I will see you in the next one. Goodbye.
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Hey OP Return to the Fundamentals! #Core #Node #Bitcoin
Youtube ShortsVideo Transcript:
What price would you pay? What price should you pay to be able to store information online forever? And what we mean by online is someone else’s computer. And this is the debate right now happening in the Bitcoin community as to how much nonmonetary information should or shouldn’t be stored in the Bitcoin blockchain. And what is the Bitcoin blockchain? It’s other people’s computers all around the world, the Bitcoin nodes. And guess what? The Bitcoin nodes are volunteers. Bitcoin mining fragmented out into its own industry. Originally, people used to mine with their own laptop and they had their own mining, producing their own blocks, earning their own Bitcoin, storing it in their own wallet. Running a wallet has fragmented into apps and platforms and now ETFs and all these sorts of things. Bitcoin mining, the computational energyintensive aspect of running a node, has fragmented into its own multi-billion dollar industry. Energy and finance have fragmented out into these massive industries when it comes to Bitcoin. But guess what hasn’t changed? The node running through the middle. And these volunteers, they’re not paid to add Bitcoin blocks. They are simply storing the Bitcoin blockchain. Because if we trusted one computer, we’ve got 100% trust in that one computer. That is centralization. But if we store that ch same transaction file of database monetary units updated by all the miners all around the world and those updates are sent to all of the nodes of the network. If there’s not one computer but a thousand computers, we’ve distributed the trust among a thousand people. It shifts the percentage to trustless. And it’s not just a thousand people. There’s tens of thousands of Bitcoin nodes and all of these different pieces I’m going to delve into in a much longer video looking at the fact that Bitcoin nodes sit at the heart of the blocks based unit of account market phenomena which is people with Bitcoin paying to store transaction information and the Bitcoin miners being paid to update that blockchain and add that transaction information into the blockchain. But who sits in the middle between this market phenomena of energy and finance? It’s the Bitcoin nodes, the volunteers. And if we impose more cost because of more data on the volunteers of the network, there might be less of them. More cost means less people. We can see it has happened with Bitcoin mining that less and less people are able to mine relative to the technical, electrical, and financial frictions of actually getting into mining. The future of node running and keeping that cost low is fundamental to the success of Bitcoin as an energybased data money. Thank you for listening and I hope you enjoy.
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Bitcoin UK: Mainstream? Or Not? #Bitcoin #UK #Finance
Youtube ShortsVideo Transcript:
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Methane Mining & ASIC Efficiency Economics | Hashpower Academy
Youtube VideosYour Bitcoin mining rig choice is make-or-break—here’s why! Hardware gobbles 60%-90% of CAPEX costs, dwarfing energy for most grid-based ops. But what if you go off-grid? I dive into a methane mining case study from Texas and the Midwest, where stranded gas powers rigs at 1-3¢/kWh. Older, less efficient machines shine here, with faster paybacks than grid setups—think gas generators vs. $7.65M/mile pipelines. Could solar+battery rigs do the same for off-grid communities? I break down the numbers, compare hardware vs. energy CAPEX, and reveal how to pick your rig like a pro. Watch now—nail your mining strategy and profit big!
Hashpower Academy Donations (Thank You!):
L1 Bitcoin: bc1qlgkc4pyrz22cykrx49cmuku3zyy2nuequu6r9y
L2 Lightning: academy@walletofsatoshi.com
Free Bitcoin Course! (Big Picture Basics):
https://www.hashpower.academy
I got my Bitcoin Mini-Miner from IXTech (10% off with code JAKE):
https://ixtech.xyz/?ref=JAKE
Align a meeting if you are looking to discuss Hardware/Hosting:
https://calendly.com/terahash/30min
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.
#Bitcoin
#MethaneMining
#CryptoMining
#CAPEX
#EnergyCosts
#MiningHardware
#OffgridMining
#TexasCrypto
#MidwestMining
#CryptoEconomics
#OilAndGas
#BitcoinMining
#Energy
#StrandedGas
#Crypto
#MiningCosts
#SolarMining
#GridEnergy
#BitcoinEnergy
#CryptoFuture
Video Transcript:
Hello there and welcome to the HashPower Academy. My name is Jacob Scandalan. I’m the lead educator here at the academy and this is your place to learn anything and everything to do with Bitcoin from a fundamentals first perspective. I have a question for you. What do you think in the setup of a mining operation is the most expensive part? Is it A the energy or B the mining hardware? Take your pick. The answer is B, the mining hardware. And this is because well for the significant majority of miners they are buying their power on electrical grids. And so the majority of their cost is also the mining machines which can represent 60 70 80 even 90% of their upfront costs for an operation. It can go into multiple millions of dollars per megawatt depending on how efficient the machine that they purchase. And so you’ve got to understand that miners are making so many different decisions on the type of machine, how efficient it is, the cooling system, whether it’s air cooled, immersion or hydro sort of solutions, and the location of those machines, the uptime, the access to repairs. There’s so many different parts that you can learn about. But today’s topic is going to look at methane mining, which changes up those economics in an interesting way. What if instead of buying your power on a grid, you’re actually producing your own power. And so you have a lot more cost in the capex, the setup cost side of things. And so the economics of which mining machine you choose to purchase will actually change because everything from the energy producers to the middle of the city the energy consumers and that price of energy gradually well not in England but gradually getting more expensive uh the further away from production you are and the closer you are to consumption that is a natural phenomena. And so here’s the thing what type of mining machine do methane miners use? oil and gas sites in the middle of nowhere with methane leaking out of drill sites and they have to capture it and burn it. That’s flaring. Or they have this this new opportunity to monetize that energy directly on site by capturing the energy, the methane. uh cleaning it a bit because there can be some impurities that will cause more problems in the generators than than a lot of cleaning and also yeah running that that generator producing electricity to produce uh hash rate to produce Bitcoin blocks to flow that digital energy money into your digital wallet. Now if you are interested in these sorts of things then I recommend you take a look at the hash power academy. We learn about everything and anything to do with Bitcoin from a fundamentals first perspective. And now, interestingly enough, methane mining is that absolute vertical integration, not even from watts to SATs, but also from the natural gas coming out of the ground. So, it’s another commodity layer underneath as well in part of the equation. But the key takeaway for this video is looking at that cost per megawatt with three different types of machine. Now, here’s the thing. On the financial side, a more efficient machine will produce a greater amount of Bitcoin per kilowatt hour because these are the maths side of things on the financial outputs of Bitcoin mining, but we need to look at the energy inputs as well. And that’s going to be the focus of this video. And so here’s the thing. If you have a setup cost of say 500k um of infrastructure set up of deploying a container, a generator and that system of converting methane into electricity. Well, let’s just say 500,000 per megawatt. And then you’ve also including that price of machine on top. Now, here’s the thing. If you are producing your own power, your energy cost is actually about one to three cent one to three cent per kilowatt hour but but it’s in the middle of nowhere so you need some form of solution that can consume the power directly on site and connect to the internet and that’s where Bitcoin mining comes in and why do we burn it well because methane in of itself when it releases up to the atmosphere I think its warming effect is 80 times the strength of CO2 in a 20-year period it breaks down over time so the inevitable solution is to burn it because it’s not economical to capture it and send it off somewhere. There’s there’s more cost in that than its economic value. And so here’s the thing. Bitcoin miners can come and locate onsite, work with or buy or partner with oil and gas producers and monetize that power and also collect carbon credits. So there’s all these other economics that come into play. But yes, let’s look at the economics of the cost per megawatt of three different types of machines. So a megawatt is a million watts. So let’s divide it down. A million watts with a machine that’s producing at 30 watts per terahash, how much hash rate per megawatt are we going to have? Now, this isn’t a standard metric, but it will just help you gain an understanding of how much hash rate you’re going to earn per megawatt, which also helps you understand how much Bitcoin per megawatt you’ll earn as well. 33.3 well 33,000 33 33. So with this efficiency of mining hardware, you’re going to produce 33,000 terraash of compute, which multiply by this amount of Bitcoin that you’re going to earn per terahash per day. You can multiply that out and you would get well $65 per megawatt. I get that right. Now, uh, on the 20 watts per terahash machine efficiency, you’ve got, uh, a million divided by 20, which is 50,000. So, you’re earning 50,000. You’re producing 50,000 terraash per megawatt. And there’s a point to this. Uh, with the 10 watt, we can just double that 100,000. So, you’re producing a 100,000 terraash per megawatt. That means that you can with these machines, you would have a greater quantity of machines with that same megawatt uh site. Now, here’s the thing. Different machines have different prices based on their different efficiencies. So if we uh if we multiply the uh $4 per terahash upfront capex multiplied by the amount of hash rate we need to obviously consume one megawatt. Well that is $133,000.33.3 okay $133,000 per megawatt with the least efficient hardware. And this is the next one. 700,000 700k and uh the most efficient machines producing the most amount of hash rate per megawatt earning the most amount per kilowatt hour. It sounds like the right decision, but here’s the thing. It’s 2 and a half 2.4 2.4 million $2.4 $4 million to purchase enough machines to be consuming one megawatt. And here’s the thing, mining is an opportunity to accumulate a greater quantity of Bitcoin over time. So, if you buy uh machines at $4 a terraash, you want that one terraash of compute, you can scale it to the machine amount. You want to produce $4 worth of Bitcoin at this rate. And this means effectively if you’re just looking revenue without adding and without removing the electrical cost side of things um trying to reach $4 from earning four call it 5 cent per day. Uh that’s a lot easier than uh having the most efficient machine uh that’s costing $24 a terraash and that obviously extrapolates out to the amount of cost per megawatt. So when you combine your setup cost of your generator, container, networking, infrastructure as well, all those pieces all as a flow of uh methane producing electricity to produce compute to produce Bitcoin, you got your $500,000 setup cost combined with one of these three. And so what happens is uh producers of energy will typically buy the more old uh less efficient mining hardware because they just have less capex and also they have extremely cheap power or wasted power in a lot of cases. And so the economics make sense where they’ll make a lot more money by buying the more inefficient machines. And there’s a second reason to this. This requires a high uptime to to to truly achieve that break even point. You’ve got the combination of also the uptime of the machine. And here’s the thing, in a environment such as the middle of nowhere oil and gas field, there might be times where machines go down, get dusty, and all those sorts of things. And so you need a solution to or sorry, you need to choose a machine that has a shorter payback period because machines will just go down. they will get broken. Whatever the reasons are, that’s just the dayto-day of mining. You can keep them really clean, change the filters all the time to prevent as much thermal damage as possible, but you inevitably are going to deal with the the forces of the real world. And so you don’t want to be putting the latest, most efficient mining machines worth millions of dollars in volume on a site that doesn’t have great uptime, has great economics, but those economics aren’t your concern because you’ve got cheap power. Now, I think this will also translate across to those eyeing up the idea of combining say um a solar battery setup, say at home or your off-grid community in the middle of the jungle, whatever it is. If you have access to producing power, the economics of buying the most efficient machines don’t make sense unless you have extremely high uptime. That is the 95 to 100% which call it the 95 to even 99 percentile. You get the gist. Now the other side of that is you also get carbon credits. So you’ve got this yield of earning carbon credits which is based on your energy consumption. you get you combine it with the cheap machines to produce a good amount of Bitcoin even when deducting your your energy costs or your staffing costs which could be say 2 cent per kilowatt hour um when comparing it to the electrical side of things. And this is the key variable here. The network determines what we are paid for exporting that energy onto the internet. And so having the carbon credits aspect, but also this lack of control of our true amount of income per terahash per day, it means that you want to reduce your upfront cost as much as possible. I think I’ll leave it there. Um, if you want a video looking at say the economics of solar battery um, as an upfront setup cost combined with a cheap machine or a really efficient latest generation machine. Um, that’ll be another video, I believe. Um, and also if there’s any of you out there just putting out to the universe that have oil and gas fields, um, and you want to explore methane mining as a potential solution for you and you want some crazy Brit to come and do some content and storytelling and even potential business, you just let me know. And uh, yeah, I’ll leave it from there. Hope you enjoyed this video and I will see you in the next one. Goodbye.
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