What is Bitcoin Mining?

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Overview
Content Description
Chances are you hear the phrase "bitcoin mining" and your mind begins to wander to the Western fantasy of pickaxes, dirt, and striking it rich. As it turns out, that analogy isnt too far off.

In the second part of the video clip, George will explain how bitcoin mining is performed by high-powered computers that solve complex computational math problems. These problems are so complex that they cannot be solved by hand and are complicated enough to tax even incredibly powerful computers.
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Overview
Content Description
Chances are you hear the phrase "bitcoin mining" and your mind begins to wander to the Western fantasy of pickaxes, dirt, and striking it rich. As it turns out, that analogy isnt too far off. In the second part of the video clip, George will explain how bitcoin mining is performed by high-powered computers that solve complex computational math problems. These problems are so complex that they cannot be solved by hand and are complicated enough to tax even incredibly powerful computers.