You can understand this video much better if you watch the earlier videos. You can click on the playlist below to watch them – https:// In this video I explain about why the process of generating new bitcoins is done through Mining, how Bitcoin mining is similar to gold mining, what is proof of work, how is the decision made regarding which miner gets the newly generated Bitcoin as reward, how do miners compete, what are the main activities performed by Bitcoin Miners, what is double spending problem, what is Bitcoin Mining puzzle, what is nonce, what is difficulty target, what is current block header hash, are there any short cuts for bitcoin mining, what is Coinbase transaction, why difficulty target keeps changin
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