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‘A single device that will teach you more about Bitcoin in an hour… than hundreds of hours of content’ – Jake

Discover the Bitaxe Supra White Paper Edition, a limited-release Bitcoin mini-miner designed to educate and inspire, as featured in this exclusive review by Jake Scanlan

Learn how this innovative device, created by IxTechCrypto (And many others!), offers a unique hands-on experience for Bitcoin enthusiasts, celebrating 16 years of Bitcoin’s vision for economic freedom. Use code ‘JAKE’ for a discount: https://ixtech.xyz/?ref=JAKE

Explore the specs, including its sleek white finish and laser-etched Bitcoin whitepaper design, making it a collector’s item for the crypto community.

Find out where to get your own Bitaxe Mini Miner and join the movement reshaping the future of energy and finance, as highlighted in the 2025 hardware boom for bitcoin and crypto enthusiasts.

Subscribe for more insights on Bitcoin mining, crypto innovations, and educational content to deepen your understanding of Bitcoin and its transformative technology. Hit the bell for updates, and let’s explore the future of finance together!

#Bitcoin #CryptoMining #Bitaxe #Blockchain #CryptoEducation

Video Transcript:

hello there and welcome to a product review SL educational video I’m going to do about the bit a white paper Edition and the key takeaway here is you can spend hundreds of hours going through content courses podcasts and everything in between but you’ll learn more about Bitcoin and its wider Network by one of these bad boys probably in an hour for the reasons of we can go through all the keywords of learning about Bitcoin all the different pieces and how they all fit together but until you actually plug one of these in consume electricity understand that it produces hash rate and that hash rate is trying to find the next block in the chain and that connection through the internet to a mining pool the mining pool giving you payouts of Bitcoin that you send to a wallet and maybe to a physical wallet if you put all those pieces together in an hour you you’ve learned more about Bitcoin entirely the whole stack Allin one and and that’s the key takeaway as to why i’ I’d recommend this I love it I think it’s really cool so it’s the white paper edition of the bit a because it’s got the white paper as its backboard and that’s truly the the fundamental start of this entire Bitcoin Journey Satoshi Nakamoto didn’t log into an exchange like you and buy Bitcoin he consumed electricity to produce the money of the future and that’s the key takeaway here that the money needs to have a cost to produce and if we Define that cost of produce in a productive commodity like electricity you know that commodity that we all need for everything in the 21st century Information Age well it just backs it by something that we can exchange uh the excess electricity of our entire world into monetary div derived energy units that’s defended by all of this all of this compute power that we’re producing together and that that coordination of of in incentives that all fit together is is why we’re still here today talking about it um yeah this little product is the white paper edition of the bit a meaning it’s a bit a hardware product so there’s groups of guys out there that that produce the bit a mini miners as I like to call them um this is from a company called .xyz that’s where I got it from I do have a code somewhere somewhere here on this video that that you can go to to get a discount and get your own code as well if you want to share the share the knowledge on um and that process of going through all the different components of the Bitcoin network is so fundamental because if you just log into a platform and buy Bitcoin and yes learn about Bitcoin as money you’ve just got one very narrow branch of learning about Bitcoin that if you go through the energy stuff the compute stuff how it all interconnects together as a framework of what I like to call Energy space and time well those branches of different bits some knowledge they all just fit together and I think it’s quiet enough of a device that your wife won’t complain your kids will love it because well they just will it’s physical it’s Hands-On and if they break it you can make them solder it back together um and it just it just brings everything into fruition really it’s it’s a valuable little kit and you’re not going to get it to economically mine and what I mean by that is large scale industrial miners they buy machines in bulk for cheap prices and get that economic return of well they buy a Bitcoin that’s buying versus mining Bitcoin which is you buy a bitcoin’s worth of machines and hope that those machines produce more than a Bitcoin over the lifespan of those computers that is not why people buy this this is an educational tool in which the price is more expensive than what you could theoretically m in the future in dollar terms it will catch up but in Bitcoin terms no but this this will give you the advantage over everyone else because if you learn about all those fundamental layers you just you just have more access to knowledge and opportunities that could potentially come up in the future about all the different weird and wonderful things about Bitcoin um the key takeaway I think as well to include is that Bitcoin fundamentally started with Satoshi Nakamoto as read write and own like the the layers of the internet we started with just basic websites that was reading right was the social media phenomenal owner of being able to create your own content and and data interpretation and ownership is now this Bitcoin layer that you have ownership on the internet and the fragmentations for Bitcoin specifically in relation to its blockchain read is the nodes they they you can view all of the information online and that those that information comes from the nodes you can write which is Bitcoin mining at scale producing your own blocks and when you produce your own blocks you decide what transactions go in the blockchain and ownership is the ownership of the Bitcoin and those three pieces have fragmented into nodes fragmenting out into different layers and different complexities and chains of Bitcoin uh right is mining expanding out into the industrial scale mining sector and ownership which is Bitcoin in a wallet hot wallets cold wallets and Hardware wallets and that fragmentation and custodial finance and credit and Loan against your Bitcoin and all this sort stuff is everything’s it’s all expanding in its own directions um but if you want to bring it all back to fruition of a tiny little device that can sit in your house then yeah get one of these

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Welcome to Hashpower Academy, where we unravel the complex tapestry of Bitcoin, bridging the gap between its digital essence and physical implications. In this video, we’re diving deep into the world of hardware wallets—the ultimate tool for securing your Bitcoin in a digital age.

Our mission is to enlighten and educate, and today we’re exploring how hardware wallets protect your assets, why they matter, and how they fit into the broader Bitcoin ecosystem. This is just one piece of the puzzle we unpack here at Hashpower Academy.

🔥 What We Offer:
– Daily Shorts: Quick, digestible snippets of Bitcoin wisdom to keep you informed on the go.
– In-Depth Videos: Comprehensive explorations like this one, breaking down the technology and practical use of hardware wallets.
– Live Q&A Sessions: Engage with experts and peers, ask your burning questions, and deepen your understanding.

🌐 Our Content:
– Courses: Structured learning paths, including foundational lessons on Bitcoin security and tools like hardware wallets.
– Case Studies: Real-world examples of how hardware wallets safeguard wealth and empower users.
– Interviews with Experts: Insights from leading figures in Bitcoin security and development.

👥 Who We’re For:
– Newcomers: Curious minds wanting to learn how to safely store Bitcoin with hardware wallets.
– Enthusiasts: Those eager to master Bitcoin security and stay ahead in this evolving space.
– Professionals: Developers, investors, and policymakers seeking to understand the tools shaping Bitcoin adoption.

📖 Learn More:
Visit hashpower.academy for our full course offerings and additional resources on Bitcoin security.
Join our community for exclusive insights and discussions.

🤝 Connect With Us:
Drop your questions about hardware wallets, Bitcoin security, or topics you’d like us to cover in the comments below.
Subscribe to Hashpower Academy for your daily dose of education and to never miss our in-depth analyses.

At Hashpower Academy, we’re committed to demystifying Bitcoin’s complex universe. Whether you’re here to learn about hardware wallets or explore the broader worlds Bitcoin opens up, we’re here to guide you. Welcome aboard, and let’s secure your Bitcoin journey together.

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. Investing in cryptocurrencies involves high risk and is suitable only for those who can bear potential losses. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.

#BitcoinEducation
#LearnBitcoin
#HardwareWallets
#BitcoinSecurity
#BitcoinAcademy

Video Transcript:

hello there and welcome to the hash power Academy my name is Jake scanland I am the lead educator here at the Academy and the subject of today is Bitcoin Hardware wallets these are physical devices that secure the private keys of your Bitcoin that is to say that the Bitcoin is not physically or digitally inside this device but instead your ability to spend the Bitcoin that is what is secured by these devices your private key is the the magical password that enables you to move that Bitcoin to the next wallet because Bitcoin is just data data stored in a blockchain that is updated from Bitcoin mining from the energy sector and so you have this process of blocks being added to the chain through energy that is the security system of this network now the parallel to have with this is that when you spend money on your credit card or your debit card it’s the same thing your money is not in the card it’s just that the card is the authentication device to actually spend it or through a payment terminal you are just confirming your ability to spend it and with these devices they’re going to develop better more uh shall I say more enjoyable experience to to use over time because right now they’re clunky and some people don’t don’t even want to use Hardware devices they would rather Trust their Bitcoin on a platform or with a custodian or one of these other types of IOU setups such as an ETF where it’s you obfuscate all of the responsibility of securing your own Bitcoin and placing it in the trustful hands of someone else which can go extremely wrong and there is a precedent of history in the first 16 years of Bitcoin of people trusting others with their digital money and poof they disappear that is not what we want to happen to you at all so the best advice I can give to you is you need to experiment with this everything in this phase of Bitcoin as it’s so new is experimentation that’s not to say put your life savings on here one of these devices but to start with a small amount justify maybe a purchase of one of these that could be a couple1 pound or dollars um with a couple hundred pound or dollars of Bitcoin start there and go through a gradual process of learning how to set one of these up deposit some Bitcoin into it make sure that you memorize the the words or the seeds or whatever it is that that’s set up for a particular device that you buy all of those different things will allow you to just go through that educational Journey because some people can be quite ignorant or resistant to change and yeah that’s the best advice I can give I of course picked the one that is got the orange plastic sck around it there’s a there’s a bias for things being Orange in this world now and they can be the more exclusive option of buying things but y this is for today’s video I hope you’ve learned something new that your Bitcoin is not inside this just your ability to spend it the authentication is secured and encrypted inside these thank you for listening bye-bye

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Welcome to Hashpower Academy, where we unravel the complex tapestry of Bitcoin, bridging the gap between its digital essence and physical implications. Here, we explore more than just the coin; we dive into entire worlds that Bitcoin connects.

Our mission is to enlighten and educate, starting with our foundational course ‘Big Picture Basics.’ This course will guide you through the multifaceted aspects of Bitcoin, but that’s just the beginning.

🔥 What We Offer:
Daily Shorts: Quick, digestible snippets of Bitcoin wisdom to keep you informed on the go.
In-Depth Videos: Comprehensive explorations into the intricacies of Bitcoin’s technology, economics, and environmental impact.
Live Q&A Sessions: Engage with experts and peers, ask your burning questions, and deepen your understanding.

🌐 Our Content:
Courses: Structured learning paths designed for both beginners and seasoned enthusiasts.
Case Studies: Real-world examples demonstrating how Bitcoin is transforming industries and lives.
Interviews with Experts: Insights from leading figures in the field.

👥 Who We’re For:
Newcomers: Curious minds looking to understand Bitcoin beyond the hype.
Enthusiasts: Those eager to deepen their knowledge and stay ahead in the rapidly evolving landscape of Bitcoin.
Professionals: Business leaders, developers, and policymakers looking to leverage or regulate Bitcoin.

📖 Learn More:
Visit hashpower.academy for our full course offerings and additional resources.
Join our community for exclusive insights and discussions.

🤝 Connect With Us:
Drop your questions, thoughts, or topics you want to learn about in the comments below.
Subscribe to Hashpower Academy for your daily dose of education and to never miss our in-depth analyses.

At Hashpower Academy, we’re committed to demystifying Bitcoin’s complex universe. Whether you’re here for our daily shorts or our detailed explorations, we’re here to guide you through the worlds Bitcoin opens up. Welcome aboard, and let’s embark on this enlightening journey together.

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. Investing in cryptocurrencies involves high risk and is suitable only for those who can bear potential losses. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.

#BitcoinEducation
#LearnBitcoin
#BitcoinBasics
#BitcoinMining
#BitcoinAcademy

Video Transcript:

hello there and welcome to the hash power Academy my name is Jake scanland and I’m going to teach you about Bitcoin not just the asset but the entire economic energy ecosystem that is energy space and time the internet cyberspace whatever you want to call it connected to our physical world and that relationship between the two called Bitcoin well there is a lot of things to learn and this channel will take you through all the different fun mental Basics there’ll also be YouTube shorts of different things and topical events coming out on a daily basis but further more there’s going to be indepth deep technical topics that will take you down different rabbit holes but the most important takeaway is there’s many different jigsaw piece puzzles to learn about Bitcoin all of the keywords the moving Parts what stays the same the monetary policies all the different aspects of Bitcoin and how it’s going to change the world into to the future but the most important thing is the framework in which you learn it because there is many different articles you can read watch podcasts audio books and everything in between but the most key part is how it all fits together in your mind what you need to learn what you don’t know what might not be as interesting but learning it may interconnect all other bits of knowledge that you have about Bitcoin this is where the hash power Academy sticks in just the way that hash power connects to every part of the Bitcoin Network we want want your knowledge and the framework that you build to connect to every part of the Bitcoin Network there’s many things to learn so like subscribe share this video and I hope you enjoy

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Energy cannot be created or destroyed, only transferred.

A principle that perfectly aligns with the ideal operation of money. In this video, we delve into the fascinating parallels between energy and money, and how Bitcoin exemplifies this relationship.

Bitcoin is a unique form of currency produced from energy, but its connection to energy goes deeper than just its production. Each approximately 10-minute update of the Bitcoin blockchain serves as a proof of work, showcasing the immense energy expended by miners worldwide to secure the network and validate transactions.

Bitcoin’s issuance follows a predetermined schedule, with a total cap of 21 million Bitcoins to be mined by the year 2140. After this point, no new Bitcoins will be created, marking the end of its issuance phase. Join us as we explore how Bitcoin’s energy-backed system sets a new precedent for digital currencies and what this means for the future of money

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Exploring the Bitcoin network late at night, seeking to understand its intricacies.
#secrets #bitcoin #energy #finance #education

Check the Lesson 6 from the course on @HashpowerAcademy
https://hashpower.academy/lessons/6-finance-bitcoin/

Video Transcript

I’ve got a secret for you for understanding the Bitcoin Network let’s see what you think Bitcoin has two worlds of producing energy the supply and that electricity is demanded by mining hardware and on the digital side hash power is produced by mining machines which supplies fresh blocks of

Bitcoin and transaction data that is demanding that space to be stored on the blockchain now the energy side and the finance side how do you understand them what is the best way to understand them well the secrets of the finance side is energy and the secrets of the energy side is

Finance Bitcoin is helping people understand that wealth is energy and energy is neither created nor destroyed only transferred it’s a very interesting concept and it should start your educational Journey

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Innovative Bitcoin Heating Solution in NYC!

Location: Heart of New York City
What’s Unique: A bathhouse using $20,000/month to heat pools differently.
The Twist: Instead of traditional heating, they mine Bitcoin!

How It Works:
Energy Use: Same as regular heating, but smarter.
Process: Electricity Microchips Mine Bitcoin Heat transfers to the pool.

Benefits:
Dual Revenue: Warm pools + Bitcoin income.
Energy Efficient: Combines two cost-sharing systems.
Competitive Edge: Lower rates for customers thanks to extra income.

Learn More: Dive into the world of Bitcoin businesses with Hashpower Academy.
#BitcoinHeating #Innovation #HashpowerAcademy

Video Transcript

Bitcoin businesses part one this is a New York City bath house that spends $20,000 a month heating this pool but instead of running the electricity to heat the pool through coils he run the electricity through microchips it’s the same energy the same Energy bill but the difference is if you run the energy

Through microchips to mine Bitcoin money and then the heat gets expended into immersion fluid and then transferred into the water that means that he’s created two revenue streams a way for his customers to enjoy the warm water of the pools but also a secondary Revenue stream of Bitcoin it’s Energy Efficiency

Because he combined two systems that cost shared the energy that is Energy Efficiency and it allows him to be competitive he could offer lower rates to his customers than his competitors because he has a secondary income stream into his business that is the Bitcoin business way

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“Buy the corn or grow the corn”
The strength or capability of each miner is denoted by its hashpower, often expressed in terms of $/TH (Dollars per Terahash). This price point isn’t arbitrary. A miner’s efficiency – its ability to turn electricity into Bitcoin – directly impacts its market value. An optimally efficient machine can take 1 kWh of electricity and generate a more significant Bitcoin amount compared to its less efficient counterparts.

Free Course Full Lesson https://hashpower.academy/lessons/3-hardware-heat/

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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

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Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] welcome to module three of the big picture Basics this is where we discuss the physical side of Bitcoin mining in module 4 we’ll talk about the digital side but let’s start with the physical so to recap we in module one discussed the generation of electricity module 2 was the transfer of that electricity through our physical networks the grid and so Bitcoin mining Hardware what is it what does it do why do people buy it well the short answer is why would you pay the market price for Bitcoin if you could produce your own with electricity at a lower price and so that’s essentially what a Bitcoin miner does he builds a farm to grow his own [Music] Bitcoin

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“Those most efficient with their energy, will account the most sats”
The evolutionary journey of Bitcoin mining paints a vivid picture of the relentless drive towards efficiency. It all began with regular computer CPUs, which miners used in the nascent stages of Bitcoin’s development. However, as the network’s complexity and the mining competition surged, the CPU’s limitations became apparent. Soon, GPUs stepped into the limelight, offering greater computational prowess.

Free Course Full Lesson https://hashpower.academy/lessons/3-hardware-heat/

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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] there is a golden rule in earning the most amount of Bitcoin possible and that Golden Rule is those of you who are most efficient with your energy resources will account the most amount of Bitcoin what do I mean by this well mining machines sit on the bridge between the electrical physical world of Bitcoin and the cyberspace information world of Bitcoin which is the compute power and that’s exactly what mining machines do they convert electricity into hash power and that conversion is different in different machines so at the beginning of bitcoin’s history 15 years ago you just needed a laptop where you could do a few a few thousand calculations per second but the latest machines they do 100 trillion calculations per second a very huge jump and what’s caused that is constant research and development into chip technology to make the machines faster and faster because you want to be converting your electrical cost into hash power which produces you Bitcoin as revenue and so the second part of that is the calling systems different miners have use different systems to remove that heat because if the machine gets too hot it starts producing less hash power which means less revenue and so you don’t want your cost to be really high and you want your Revenue to be really low have you ever been on the computer wondering to yourself why is it so slow why is it making so much noise and you’ve got 20 tabs open in your browser and five applications running that’s probably the answer and so mining machines are absolutely no different if they get too hot they underperform and so you need an effective cooling system to make sure that air is blowing through the system to remove the Heat and so new technologies have been developed such as immersion and hydro which both act as a system of ing the machine in a liquid and removing the heat through the liquid and cycling back cool liquid into the [Music] system

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Instead of a concentrated rush to a specific location, the allure of Bitcoin beckons from every corner of the world. This mining doesn’t feed on energy but monetizes the excess within our physical realm, storing its value digitally. Through this, Bitcoin forges relationships across diverse sectors like carbon accounting for a greener future, electricity stability and management ensuring a balanced grid, and the creation of heat for countless applications ranging from agriculture to residential warming.

Free Course Full Lesson https://hashpower.academy/lessons/3-hardware-heat/

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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] everyone wants a good life everyone wants a meaningful life that brings them prosperity and abundance and opportunity and so this SE s about a saying that I’ve thought about which is humans vote with their feet seeking energy abundance and that is shown throughout all of history people looked for the best soil to grow the best crops hunt in the best forests fish in the best rivers and so small villages towns and even cities have been developed as such think about California in the 1800s people rushed to extract this natural gold wealth out of the ground and in that process people moved in to create other businesses and little small circular economies to which economic powerhouses such as California have developed up to today and that has moved into the financial world of things with the concept of money that cities such as New York have such an attraction for people wanting to find financial prosperity by moving there and so we have this Society that’s built around this concentration of wealth in these specific pockets of the world but that’s going to change Bitcoin as a network is decentrally looking all over the world people that mine Bitcoin are actively looking for where energy abundance could be found and so those small circular economies of trading in heat in electricity and even carbon Credit Systems will mean that Bitcoin miners create local energy opportunities jobs businesses that are built around this production of Bitcoin as a process and so what we could see as the world going forward is potentially new cities and New Towns being built in in a decentralized way across the world so we don’t have these huge Central cities but more of a decentralized layer where we all agree to the Bitcoin Network consensus it’s a really interesting concept that I believe that people should look at a lot [Music] more [Music]

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“One man’s trash is another man’s electronic cash.”
We’ve traced the journey of the electron: from its birth in power generation facilities, through the intricate pathways of electricity distribution networks, to its vital task in driving microchips to perform trillions of calculations every second. At the end of this cycle, the energy that once coursed as an electron manifests as heat. For many miners, this heat used to be simply vented out as a by-product, but a paradigm shift is now recognizing its valuable economic potential.

Free Course Full Lesson https://hashpower.academy/lessons/3-hardware-heat/

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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] one man’s trash is another man’s electronic cash what do we mean by this well in the world over 50% of our global energy needs are for heat just for heat whether it’s heating your home for your boiler for your hot water or heating your pool or in the agricultural sector they use heat in the green houses to make sure that the crops grow proficiently and countless other applications all around the world and so we’ve got this huge Bitcoin Network physical infrastructure with computers that produce heat as a waste so you fuse these two industries Al together you could have a an electric heater at home that pays you every time you turn it on wouldn’t that be something interesting and so mining machines sit as this physical asset that could be placed in all different locations to make sure that people are cost sharing electricity because energy bills are getting pretty insane at the moment and so we need have to have efficient cost sharing Technologies to make sure that we develop little energy economies that have Sy iotic relationships and that’s the future of Bitcoin in the physical [Music] world

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Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] well we are now halfway through the big picture basics in which module 1 to 3 took us through the concepts of the physical side of bitcoin’s network and we went through it in order of producing energy transferring on our grids consuming it in mining machines and those machines produce hash power which delves into the digital side of things hash power is what updates the blockchain module 5 and on the blockchain is where we store all of our transactions and financial information and all the contracts and agreements that we make with each other and module 6 being Bitcoin as money and all of the topics that that contains now now one of the most important things to understand about the digital side of Bitcoin is that it’s very paradoxical and what I mean by that is what you think might be the answer is actually completely opposite to the truth and that’s the way it just works but it’s really interesting so I hope you [Music] enjoy

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Free Course Full Lesson https://hashpower.academy/lessons/6-finance-bitcoin/

🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] is Bitcoin digital gold no is Bitcoin digital cash no Bitcoin is electronic cash because it has electron value its purchasing power is literal because you can purchase power with Bitcoin what do I mean by this well everyone has an extreme focus on the Bitcoin to dollar price or Bitcoin to any fiat currency for the matter and so what that does is people are comparing a currency Fiat that has no intrinsic value to a Curr currency with intrinsic value and so that is a complete mispricing of the truth the truth is found in the production with energy that a Bitcoin miner converts a quantity of electricity into a quantity of Bitcoin and that is a direct comparison what that does is it sets a global decentralized energy price how on Earth does it do that well as we’ve discussed the the Bitcoin miners they will stop mining Bitcoin to sell the energy if they can earn more Bitcoin than what they could produce and that is the Arbitrage you cannot do that with gold nobody’s coming along to buy a load of rock that has some ounce of gold value in it the Bitcoin is reversible because if you wanted to pay the miner for their electricity what price would they want well if they could produce a Bitcoin that day how much would they sell their electricity for one Bitcoin and that’s exactly what that rate is that it’s not just the rate of producing Bitcoin but like cash and gold stored in a vault that Bitcoin is redeemable for the electricity used in the production of Bitcoin and so it creates a circular economy of producing and consuming and spending the currency Bitcoin is electronic cash because it’s redeemable for electricity itself and this opens up an entirely new world of energy economies that you’ll learn [Music] next

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As we transition from the physical intricacies of the global network of mining hardware and the warmth they produce, we step into the limitless realm of cyberspace. This digital dimension houses a vast expanse of data, memories, videos, photos, and myriad digital transactions that move like whispers, effortlessly traversing the globe.

For Bitcoin, the journey began with a simple yet revolutionary premise: leveraging this vast domain to record and authenticate financial transactions.

Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] the best defense is a good offense what do I mean by this well you’ve just learned so far that cryptography is used as a Def defensive mechanism so that we can all transact freely without any interference so I can broadcast that I want to send some Bitcoin but that transaction it goes into a pool of transactions saying hey these are verified transactions that want to be put in a block now here’s the interesting thing the block is encrypted it’s not decrypted it’s encrypted and so it’s a jumble of text and a number of zeros and that number of zeros is what Bitcoin miners are trying to find with all their electricity turning into hash power that hash power is actively looking to break the encryption of that block and when the miner finds that block they earn the reward they earn the transaction fees that they put in that block and they earn the subsidy of that transaction so Bitcoin is an amazing Network that uses cryptography both to defend wallets logically and people use energy to attack the network as its defense it’s a weird conundrum of paradoxical concept but what it means is that Bitcoin has a logical protection layer and a physical energy protection layer around it as well so we can freely transact and what this turns out to be is the best physical analogy would be would you rob a bank that had half a million in the vault but it cost you a million to break break into the Vault that’s how secure bitcoin’s network is that it would cost you more to break in than what you could actually extract out so it makes it pointless the best attack on bitcoin is to just find the next block in the chain you earn the reward and so it’s a reward mechanism for people that want to participate in protecting the network instead of attacking [Music] it [Music]

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As we transition from the physical intricacies of the global network of mining hardware and the warmth they produce, we step into the limitless realm of cyberspace. This digital dimension houses a vast expanse of data, memories, videos, photos, and myriad digital transactions that move like whispers, effortlessly traversing the globe.

For Bitcoin, the journey began with a simple yet revolutionary premise: leveraging this vast domain to record and authenticate financial transactions.

Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
—————————

🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] to understand a bit about the economics of hash power is that well every Miner is trying to produce as much hash power as they can with their computers and the cost of their electricity because if you’re producing 1% of the global Network hash power you’re going to approximately earn 1% of the global Network transaction fees and so the economics and the economic value behind hash power is that your individual contribution versus the network is also the amount of Bitcoin you’re going to earn and that economic stream of value of Bitcoin is what gives hash power its value so if bitcoin’s price is really high and there’s lots of transactions happening on the network hash power earns you more Bitcoin and so the machines are higher priced if there’s less transactions on the network and or there’s a really low price in Bitcoin hash power earns less and so what you find is that hash power as an asset Rises and Falls similar to bitcoin’s price there’s a few other aspects that we will discuss in further modules as to how these changes happen but that’s the understanding of the economics behind hash power is that it’s produced and purchased from the physical world of computers but it has an economic value to the digital world and an economic security to protecting the digital Ledger of of [Music] assets [Music]

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Free Course Full Lesson https://hashpower.academy/lessons/5-blockchain-data/
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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] welcome to module 5 blockchain and data and so what is the blockchain it’s a keyword that’s thrown around all the time with all different things and technological innovations but blockchain can be boiled down so it’s just record keeping technology it’s a way of storing information in a way that countless people the nodes have a record a copy of the same transactions and that’s what the original use case of the blockchain was it was a recordkeeping of all of our transactions made in Bitcoin but over time different types of files have been put on chain such as images and contracts and code and all other different pieces of information that people want to store online forever and that’s what the amazing thing about bitcoin’s blockchain is is because there is countless thousands of people out there storing this information it perpetually stays online forever and so we now have a database distributed around the world that record keeps all of the information on chain forever a database that is untampered because the only people that can put the data into the database are the miners so you need physical electricity to update the information as the old saying goes knowledge is power and so we now have a public way of all coming together to collectively store information historically forever and the next question comes well how do we store that information that’ll be the next [Music] section

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As we transition from the physical intricacies of the global network of mining hardware and the warmth they produce, we step into the limitless realm of cyberspace. This digital dimension houses a vast expanse of data, memories, videos, photos, and myriad digital transactions that move like whispers, effortlessly traversing the globe.

For Bitcoin, the journey began with a simple yet revolutionary premise: leveraging this vast domain to record and authenticate financial transactions.

Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
—————————

🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] [Music] hash power hash power is the secret source of Bitcoin and what I mean by that is Bitcoin is a digital asset in the digital world but it’s connected to the physical world because of hash power hash power is produced by computers and electricity it abides by the laws of physics and what it does is it is the only thing that can update the digital ledger so physical electricity is the only thing that can update bitcoin’s digital Ledger and that connection between the two the connection between our physical world of energy and our Digital World of finance and data is what makes hash power so interesting as a commodity in [Music] itself

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Imagine money that appreciates in value, that can be sent across the globe in seconds, that’s transparent with absolute scarcity and defended both physically & logically with cryptography by an entire network of computers across the planet… that’s Bitcoin.
Watch Part 1: https://bit.ly/6-1-bitcoin-as-money-part2

Free Course Full Lesson https://hashpower.academy/lessons/6-finance-bitcoin/

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🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] one of the things that disrupts our money the most is technology we used things such as salt because they were valuable to everybody would if someone developed a technology that allowed you to Produce Salt in a much more effective way and that’s where we used things such as gold and metal money because they were scarce and so technology couldn’t disrupt the production process of finding as much gold as possible but that also brings us into the next form of money as as much as gold is a really good money and has been for thousands of years the one thing it can’t do is move around really quickly and so what we did as humans was put gold in a vault trust somebody to look after it and we were issued a voucher or a token something of a piece of paper to reference that gold that the value of that paper was not the value itself but that we could go and collect gold with that piece of paper and that’s where the next issue of money comes which is trust that how do you know that your piece of paper can redeem something and that’s where our paper money evolved from is we are all using pieces of paper that should redeem something of value underneath but in the ‘ 70s that changed gold was removed from the money system and now we’re just trading coupons cinema tickets without Cinema even existing and that’s where the next issue becomes with in a central system such as a bank they have one copy off this big transaction list of who owns what in Bitcoin system it’s a centralized Network where everyone has a copy of the same transactions and we can work things backwards what is the intrinsic value of Bitcoin its electricity can you think of anything more important to the 21st century to every human on this planet than electricity and the production of Bitcoin is it scarce yes it’s in fixed Supply and so Bitcoin has taken all of the history of money picked the best parts and is designed around to serve and the more we design technology to produce Bitcoin in a better way is more innovation of our energy and the more we innovate with energy the more prosperous we are with Society but Bitcoin as money itself still pertains to be part of our financial system how does loans work how does lending work how does all sorts of asset purchasing such as property work that’s what we’ll discuss [Music] next

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As we transition from the physical intricacies of the global network of mining hardware and the warmth they produce, we step into the limitless realm of cyberspace. This digital dimension houses a vast expanse of data, memories, videos, photos, and myriad digital transactions that move like whispers, effortlessly traversing the globe.

For Bitcoin, the journey began with a simple yet revolutionary premise: leveraging this vast domain to record and authenticate financial transactions.

Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
—————————

🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] Bitcoin is a network of willing participants what do I mean by this well in this section you’re going to go through lists of all the different people within the network and the physical side the miners and all these different people they have different levels of how much they can engage and so when you transact in Bitcoin you can decide when you want to send Bitcoin how you want to send it to who you want to send it and how much you want to send it completely by your own valtion you even decide what fee you want to pay and so you broadcast to the network payer want to send a transaction and that transaction is picked up by the nodes the nodes store the information of who wants to send Bitcoin who’s already sent Bitcoin and a big long list of transactions and that file that copy of everyone’s transactions is not stored with one node it’s stored with all of them a copy an identical version of the file with every single node so no one individual person can cheat or lie about how much Bitcoin they actually have and so this file is updated every 10 minutes those are the blocks and in these blocks the miners are looking for them and when they find the answer to a block they decide which transactions go in their block remember you decide what fee you want to pay so the miner decides what transactions he wants in his block based on the fees so it’s about your individual contribution versus the collective Network the miners no one forced someone to plug in a machine and help protect this network to earn Bitcoin they decide how much or how little they want to contribute even the nodes themselves that store this big transaction list they can store the entire file or they could store a small amount just the latest transactions it’s a network of willing participants and that’s what’s so amazing about Bitcoin is it’s essentially Freedom a freedom to transact a freedom to ear learn a freedom to participate by storing and verifying everyone’s transactional activity it’s really interesting and I recommend you go through this section learn about all of the different people and participants and see if any of them take your interest you could economically produce Bitcoin with energy verify the network as you believe in the system or conduct your activity in your wallet but remember this you have a private key with your wallet and a public key similar to how we discussed with public information and private information on the internet your private is your password it’s the golden access golden key to getting into your wallet so do not share it with anyone and you use your private key to send Bitcoin and sign messages if you’re doing any form of other sorts of activities with your wallet your public key is the address the the bank account number think of it like that where you can receive bit coin so you you share it out to people that you want them to know and and you can have as many public Keys as you like you’re not limited to One account like with your bank you can open thousands if you like and so it’s complete network of willing participants is freedom but remember it’s about your individual contribution responsibility versus the whole Collective Network and that’s what’s really amazing it has that Duality between us on the [Music] group

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As we transition from the physical intricacies of the global network of mining hardware and the warmth they produce, we step into the limitless realm of cyberspace. This digital dimension houses a vast expanse of data, memories, videos, photos, and myriad digital transactions that move like whispers, effortlessly traversing the globe.

For Bitcoin, the journey began with a simple yet revolutionary premise: leveraging this vast domain to record and authenticate financial transactions.

Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
—————————

🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] crypto no cryptography crypto is a speculative world of investing in people cryptography is the hard mathematics that make Bitcoin the most secure network that has ever existed and so cryptography can be understood with a clear example of WhatsApp you send a message and when it receives to the other person they see a message but in the middle it’s being encrypted into a jumble of text and at the other end it’s decrypted back into the normal message that prevents other people from being able to read it interfere it because they can read it but they’re just going to read a jumble of text that they would have to spend a lot of compute power trying to decrypt and so the best example for use of cryptography in the Bitcoin world of things is sending a transaction think of transactions like a check a bank check you have who it’s from the wallet who you’re sending it to their public key and obviously the amount and maybe why you’ve sent it but the signature your signature that verifies that this is legit and it’s your money that you want to send that is encrypted with your private key and through that encryption you get that security on the network because what do you do you write your you sign your transaction you broadcast it to the network and all the different nodes they store that information and that is what allows the security of the Bitcoin Network to operate and we we’re all communicating all around the world being able to broadcast and send transactions freely because no one else can interfere with the validity of those [Music] transactions

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Free Course Full Lesson https://hashpower.academy/lessons/5-blockchain-data/
—————————

🤝 Connect With Us:
Share your thoughts and questions in the comments.
We value your input!
Subscribe to Hashpower Academy for more educational videos.
Discover more at https://hashpower.academy/

👤 Your Educator – Jake Scanlan
https://www.jakescanlan.com

🟧 Additional Resources:
https://hashpower.academy/
https://terahash.co.uk
https://satoshisea.io

—————————

Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] so bitcoin’s blockchain is a technical topic and so to give you the clearest understanding the text of this section is going to take you through all of the different moving parts of the blockchain and what it’s trying to achieve and this video is to give you the best analogy as to the blockchain and how it works and all the different moving parts and the clearest way to understand the blockchain is think of our physical electricity grids it is a network managing the supply and demand of electricity and trying to remain balanced over time the blockchain is a digital Network trying to manage the recording of data over time with the supply to report data being hash power and the demand to record data being transactions that is the clearcut understanding of what the blockchain is it’s a Digital Data electricity [Music] grid [Music]

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