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How Bitcoin miners get rewarded for solving a block.

Ryan McBeth 297 views

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“We all know that bitcoin works by…” is a very brave statement
Comment from : @CalebErosa

say "nonce" to someone here in the uk i dare you
Comment from : @IAmViolencity

This makes Nonce Sense
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Tum to bada ghadmadela prashikshit imotional black tel khukhiya kolice nikla re direct uske motion aur imotion pe attack jiska dil dhadkata ma ke dil me😊😊
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Comment from : @rekhashah2876

Ya so it’s all gonna come falling down like everything wlse
Comment from : @brandonmorgan3147

ᴠᴀ̀ᴏ ᴋᴇ̂ɴʜ ᴍɪ̀ɴʜ ᴄᴏ́ ʜᴜ̛ᴏ̛́ɴɢ ᴅᴀ̂̃ɴ ɴᴇ̀ ᴄᴀ̉ ɴʜᴀ̀
Comment from : @Taloni-do1kl

How can I min btc?
Comment from : @Bi_shop16

It’s not out of thin air! It uses energy to solve the puzzle
Comment from : @arjunkarki4590

I knew it was something that people couldn’t get there minds around
Comment from : @relaxingtonuniversity5053

I'm a fan of Ryan McBeth but 2 years later this shows up in my feed Slow upload day youtube?
Comment from : @Blackheart7310

WTF??
Comment from : @withurshield931

They are being rewarded for the work which includes all of the time, energy, and resources needed to solve those problems There is some impressive engineering at some of these facilities
Comment from : @chillxxx241

How does an outside source add themselves to the transaction? Why would it allow for than 2 parties? Why would it allow for any additions/modifications to the transaction? How does Bitcoin hold value? How much Bitcoin is produced from thin air every year? Does anybody even know the answer to that or is everybody pretending it's fine when it's not fine?
Comment from : @illegalsmilez

Nonce 💀
Comment from : @AFN90210

Lol terrible explanation lol
Comment from : @stephenbitvestmining7834

The total number of bitcoin has already been pre-calculated at 21 million This doofus completely ignores what it takes to get to that point
Comment from : @jamescharron8550

Electricity It does cost something electricity A lot of electricity If you have a solar system on your house with batteries, it may pay for it
Comment from : @billj9838

There's a finite amount of Bitcoin to be mined, it's digital so obviously it appears our nothing but it's more 'real' than dollars
Comment from : @jagmichaelgilbert8523

I think it's simpler to just write a REALLY big number in black in my checkbook
Comment from : @jayrussell3796

More bitcoin plz
Comment from : @Annnnndbitcoinfixesthis

bruh, your device has to guess a 64 digit code with mixed numbers, and letter to get a good reward from bitcoin
Comment from : @RandomexperiencesYT408

Money for power!
Comment from : @bruteht4655

Ok that was easy 😢😢😢
Comment from : @BxCortez2050

Huh??
Comment from : @Kk-iw4ck

uk -------> nonce
Comment from : @tiktakyzz

❤
Comment from : @rocko7711

Bro your channel has gone on steriods You're doin really good and im happy for you
Comment from : @hansmueller3029

"we all know that Bitcoin"brbrbrOk I'm disqualified from watching this
Comment from : @danelisslow3269

When the Vyvanse kicks in
Comment from : @krwiles

So it is an investment that, at best, lowers it's own value for existing
Comment from : @allandill2033

Andso far the amount of electricity (computer time) needed to "mine" is very environmentally Un friendly
Comment from : @davidluftig4644

OMG Ryan before you dive anymore into crypto PLEASE Watch "Line goes up" by Folding Ideas
Comment from : @Havelinakyle

"Never give a sucker an even break" W C Fields
Comment from : @hezigler

Bit coin miners are dirty nonces
Comment from : @oliverpowell3141

Kramer: “I’m out!”
Comment from : @-Jeremiah-

I love how no matter how much energy Ryan throws at the camera, his eyes are still red and he still sounds like he’s late for his shift and his manager just called him😂 love ya buddy, keep up the great work👍🏻
Comment from : @jessesims6232

“We all know” says Ryan multiple times Dude, I don’t even know what you just said Lol
Comment from : @smolenskkid

More legitimate than the US mint and banking system
Comment from : @ModernProspector

That is why it is a pyramid scheme
Comment from : @Michael_Biggs_

What?
Comment from : @emonvidaly

I've listened to this 67 times while reading the comments and I still have no clue what any of this is about
Comment from : @MessOfThings

Very interesting!!!!
Comment from : @Bjornification

so bitcoin is like using a console command for video games
Comment from : @jeffreylynch6435

What is a block
Comment from : @spacechimp3199

Makes perfectly no sense
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