Ever wondered how Bitcoin mining actually works? In this week’s episode of Binance Beach, we take a deep dive into the incredible technological breakthrough that is the Bitcoin proof-of-work mining process. Daniel Leslie, an experienced Bitcoin miner and CTO of the Australian-based Bitcoin miner CoinSafe, joins us to share his insights. We cover: 00:00 Intro and welcome Dan! 05:20 What is Bitcoin mining? 08:50 How does Bitcoin mining work? 13:45 Is Bitcoin mining good for grid stability? 23:34 Being an ‘energy buyer of last resort’ 25:22 Is Bitcoin bad for the environment? 26:10 What is the difficulty adjustment? 29:55 What’s your ‘blue-sky’ vision for how Bitcoin mining makes the world a better place? 36:18 Disclaimer and close We hope you enjoy this week’s episode of Bina
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