We will take a non-technical look into bitcoin mining in this episode. My guests are Jan Čapek and Pavel Moravec, the CEOs and Founders of Braiins, the company that is operating Slush pool, which is the world&#8217;s first bitcoin mining pool with more than 1 000 000 BTC mined since 2010. Jan and Pavels company is located in the Czech Republic in Prague. They are bitcoiners by heart and explain how pool mining works, what the challenges for miners are to be profitable, share their thoughts about the electricity consumption of proof-of-work and what they believe bitcoin will be in the future.&#8220;Bitcoin is a big social change in the world.&#8221; &#8211; Jan Čapek&#8220;Bitcoin forces you to think differently.&#8221; &#8211; Pavel MoravecHistory of Slush PoolWhy they like Bitcoin?Explaining Mining for NewbiesElectricity needs of BitcoinMining profitabilityPrice of electricity and value of bitcoinHow pool mining worksCan individuals participate in mining?Mining centralizationSlush pools business modelBraiins OS Improving the mining protocolCompetition in miningAntbleed backdoor in Antminer S9Open Source mindset in AsiaMiners ability to censor transactionsStratum V2Future of bitcoinAltcoins as testbedsConfidential transactionsSponsors Get 5% off with code "anita" Order a Card Wallet here and get 20% off! (time-limited)Support the podcastShare the podcast with friends and family! Subscribe to my newsletterSubscribe to the podcast on Apple Podcast | Spotify | Google Podcast | YouTube | Pocket Casts | Castbox | Stitcher | TuneIn | RSS Feed Give a 5 stars recommendation on Apple Podcast Follow me on Twitter | YouTube | LinkedInDonations Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better.Every donor, will be invited to my exclusive Telegram group with personal background stories and updates. Send me a short message with your Telegram ID after donating and I will add you. Donate with PayPal Donate with BTC Donate with Lightning Der Beitrag Jan Čapek and Pavel Moravec: Bitcoiners by Heart Lead Us Behind the Scenes of Pool Mining erschien zuerst auf The Anita Posch Show.Subscribe to my weekly newsletter to (L)earn Bitcoin - it’s free: https://anita.link/weekly

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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