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Control and Compound with Darren Mitchell

Bitcoin 101: Breaking Down the Blockchain | What is a Bitcoin Miner?

28 Aug 2023

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REAL ESTATE SUMMIT TICKETS: https://www.realestateinvestorssummit.live/real-estate-investors-summit2o3psvby?affiliate_id=4170004 On today's episode, Darren and Christina are back with part 2 of their Bitcoin series. In this episode, they break down how blockchain technology works, the key role that miners play in the bitcoin process and what are nodes? Good question, tune in to find out! Show notes: 00:00 - Introduction 2:10 - How do we create a monetary system that has a decentralized ledger? 3:25 - What is a blockchain? 7:40 - What does bitcoin exchange look like? 11:20 - Other applications that use blockchain technology 12:55 - What is a bitcoin miner? 17:05 - How do you become a bitcoin miner? 20:40 - How do the miners get paid? 23:30 - What are nodes? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

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