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Intro | Welcome to Hashpower Academy!

Intro | Welcome to Hashpower Academy!



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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Late Night Bitcoin Secret | #bitcoin #network #finance



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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The 2 worlds of Bitcoin | Physical & Digital



Bitcoin, the first decentralized digital currency, straddles two worlds – physical and digital. In the digital realm, transactions occur through blockchain tech, ensuring security and transparency. Physically, Bitcoin can exist as coins or tokens, representing the digital currency’s value tangibly. This duality highlights Bitcoin’s appeal, bridging the virtual and physical realms.

#education #bitcoin #mining #hashpower

Video Transcript

Everybody understands Bitcoin as a digital asset but it actually has two worlds the physical world and the digital world let me show you Bitcoin the currency on the Internet is simply data and that data is updated every 10 minutes by hash power and that hash power is produced in the physical world

By mining Hardware which is kept online with electricity and that electricity is coming from all of our different energy sources of the world and so the physical half of the network is our production of energy electricity and Mining Hardware the digital side the digital Bridge Is hash power and hash power updates the

Blockchain to produce Bitcoin it’s a circular energy economy with two worlds physical and digital there’s also two ways to get your Bitcoin you either mine it in the physical world or buy it in the digital world

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HEAT: Bitcoin Business Case Study: pt1 #energy #efficiency #nyc #mining



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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The 3 core commodities of the BTC Network: #electricity #hashpower #bitcoin



We aim to outline the three fundamental commodities of the Bitcoin Network:
#electricity #hashpower #bitcoin
For more details, join our free course and portal!
https://hashpower.academy/courses/bitcoin-big-picture-basics/

Video Transcript

Bitcoin itself is not the only commodity within the network there’s three let me show you we produce electricity consume that electricity in machines to produce hash power hash power finds blocks of Bitcoin data and that data we call Bitcoin the commodity and so the three core Commodities are electricity hash power and

Bitcoin and so this flow of these three Three core Commodities electricity hash power and Bitcoin they also have metrics let me show you each one of these Commodities has a conversion metric mining Hardware is valued based on its efficiency which is its watts per terahash ratio how much electrical cost

It can convert into hash power which produces Bitcoin per terahash per day this one is Hash price

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Bitcoin explained in under 60 seconds | #bitcoin #education



If 60 seconds are not enough, check the free @HashpowerAcademy bitcoin course!
https://hashpower.academy/courses/bitcoin-big-picture-basics/
#bitcoin #network #education

Video Transcript

Let’s see if I can explain the Bitcoin Network to you in under 60 seconds are you ready let’s go whether you’re on the side of religion or science they all start with the same story something to do with energy and that is the production of energy is our civilizational infrastructure that is

The production of electricity and in the 21st century we all use electricity it’s extremely important and we’re moving everything on to an electricity standard but what if we have excess electricity well we could consume it in computers to produce heat to warm our homes or green houses but they also produce this

Digital commodity called hash power and hash power is simply compute power that is specific to mining blocks of Bitcoin on the blockchain and the blockchain all it does is store data and that data is financial data we call Bitcoin a monetary unit based on the energy sector

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What’s inside a bitcoin BLOCK? #halving #hashrate



#fees #subsidy #halving #hashrate
What exactly is inside a bitcoin block?

Video Transcript

So in today’s ad hoc video what is inside a Bitcoin block every new block of Bitcoin issues 6.25 new Bitcoin and obviously people transacting they pay fees and so it’s Bitcoin already in circulation so that makes the two parts of the block the new supply of Bitcoin and new transactions

Being made on the network cuz all Bitcoin is is data this 6 .25 new Bitcoin per block every 10 minutes in April is going to get cut in half to 3.125 so 3.125 Bitcoin plus transaction fees will be the new value in each block and this will happen every four years it

Gets cut in half all the way to no new Bitcoin being issued and which means all 21 million Bitcoin will have been mind and none of us will be alive to experience it

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Bitcoin Course | Big Picture Basics 3.2 - Efficiency & Cooling Systems

Bitcoin Course | Big Picture Basics 3.2 – Efficiency & Cooling Systems



“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

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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] 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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Bitcoin Course | Big Picture Basics 3.4 - Decentralized Opportunity

Bitcoin Course | Big Picture Basics 3.4 – Decentralized Opportunity



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

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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] 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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Bitcoin Course | Big Picture Basics 3.1 - Mining Basics

Bitcoin Course | Big Picture Basics 3.1 – Mining Basics



“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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Bitcoin Course | Big Picture Basics 3.3 - Commodity & Heat

Bitcoin Course | Big Picture Basics 3.3 – Commodity & Heat



“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

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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] 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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Bitcoin Course | Big Picture Basics - Lesson 4 - Networks & Hashpower

Bitcoin Course | Big Picture Basics – Lesson 4 – Networks & Hashpower



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

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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] 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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Bitcoin Course | Big Picture Basics 6.3 - Sats per kWh (pt1)

Bitcoin Course | Big Picture Basics 6.3 – Sats per kWh (pt1)



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

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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] 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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Bitcoin Course | Big Picture Basics 4.3 - Cryptography pt2

Bitcoin Course | Big Picture Basics 4.3 – Cryptography pt2



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

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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] 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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Bitcoin Course | Big Picture Basics 4.4 - Commodity Hashpower pt2

Bitcoin Course | Big Picture Basics 4.4 – Commodity Hashpower pt2



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

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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] 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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Bitcoin Course | Big Picture Basics 5.1 - Commodity: Data

Bitcoin Course | Big Picture Basics 5.1 – Commodity: Data



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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Bitcoin Course | Big Picture Basics 4.4 - Commodity Hashpower pt1

Bitcoin Course | Big Picture Basics 4.4 – Commodity Hashpower pt1



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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Bitcoin Course | Big Picture Basics 6.1 - Bitcoin As Money pt2

Bitcoin Course | Big Picture Basics 6.1 – Bitcoin As Money pt2



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/

—————————

🤝 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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Bitcoin Course | Big Picture Basics 6.4 - The new Energy Economy

Bitcoin Course | Big Picture Basics 6.4 – The new Energy Economy



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] how best do we connect our use of money which everyone uses with our use of electricity which everyone uses so the jeel properties of Bitcoin is that it’s money and convertiable into electricity and that’s amazing because there’s countless different Industries where everything we do and produce and create in society has a cost to produce and some form with market value of competitiveness and let’s take the car for example it’s produced from aluminum typically that is using a lot of electricity electrolysis to actually produce the aluminium so raw materials are now priced in Bitcoin then it’s manufactured into a car using robotics that use a lot of electricity the production of that car is now priced in Bitcoin but also when that car goes onto the road and the charging stations they sell power as their business priced in Bitcoin and so every aspect of modern society and that just takes one example from the raw material in the ground to the end product that we use in every society and the pricing that we will see at the car charging station will all be Bitcoin and what that does is open up countless different energy and finance opportunities where the two are merged together because wealth is energy and so what does a society look like when you can convert your time and energy into a currency that is redeemable for energy itself well that’s a society I want to live in thank thank you for listening and I hope you’ve enjoyed this course it’s been a wonderful experience to create and I’ve got many more courses on the way thank [Music] you

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Bitcoin Course | Big Picture Basics 4.1 - The Internet Phases

Bitcoin Course | Big Picture Basics 4.1 – The Internet Phases



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] welcome to module 4 networks and hash power and so this module really begins the digital discussion of bitcoin’s network which oper Ates online and that is a network of people communicating by sending and receiving information to each other think about when you print something you send information from your computer to the Wi-Fi and the Wi-Fi to your printer and that is sending information at the speed of light and this network is your local area network and your little network is connected to every other network of the world and that becomes the Internet it’s not in one particular place it’s very decentralized all across the world and so what really began the internet was being able to load a website and read the information but you couldn’t really engage too much people developed social media platforms and blogging and YouTube and countless ways of being able to engage and participate and write your own destiny online people developed businesses and started e-commerce websites and all other aspects of things but that does Happ the effect of we have empty High streets today because all of our trade and commerce is done online and Bitcoin was published online and people downloaded the information and they participated and this has really begun the the third wave of the internet which is ownership digital ownership and this has brought about a phenomenon of different ideas and different opportunities to to participate with money online but the internet has two different aspects to it we have public information that we want to visibly show and a brand a profile an email address a way of communicating with one another with public information but we also have private information our payment details and all other aspects of things that we put behind a password so just remember the strength of your password is the strength of your digital force field around your private information [Music]

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