What’s the Point of Proof of Work? What is Hash Rate? Where are the Crypto Miners Moving?

Bitcoin mining? Processing power? Hashrate? What’s all this about proof of work and energy consumption? Why are miners moving to new places around the world? Are bitcoins made from volcanoes, wind, and water? Should you care? You can find answers to your questions here. In this video, we attempt to answer some of these pertinent questions. We get started by covering the baseline with an explanation of proof of work. We then give an explanation of hash rate and why people talk about it. From there, we move on to look at the recent movement of bitcoin miners who are looking to set up shop outside of China. Trade Crypto on Phemex → ← Register now for a 7-day free Premium Membership Trial and other trading bonuses. Follow us on: Twitter Facebook: Instagram: Join the Telegram community: Timestamps: 00:00:00 Intro 00:00:36 The purpose of Proof of Work 00:01:36 Proof of Work