How BITCOIN Mining Works: The Lottery That Prints Money

In 2008, a nine-page paper by a person nobody has ever met proposed money with no bank, no government, and no one in charge. Today, warehouses full of computers burn through electricity to play a lottery that prints new Bitcoin every ten minutes â” and the whole system runs on trust in math instead of trust in people. In this video: the first block, the ledger that trusts no one, the miners’ lottery, the halving clock, the pizza that cost millions, the lost fortunes, and the energy question nobody can agree on. CHAPTERS: 00:00 The Nine-Page Revolution 01:20 The First Block 02:35 The Ledger That Trusts No One 03:59 The Miners’ Lottery 05:15 Digital Gold Rush 06:39 The Halving Clock 08:03 Keys to the Kingdom 09:15 The Pizza That Cost Millions 10:18 The Lost Fortunes 11:30 A Country Bets o