Category Archives: Bitcoin Education

Bitcoin Video | Documentary “Inside The Crypto-Kingdom”

Bitcoin Video | Documentary "Inside The Crypto-Kingdom"

Are we living in a world that will soon become a thing of the past? Are technologies advancing so fast that our world we live in today will soon become unrecognizable?

Advancements in space flight, virtual reality, AI, clean energy, and blockchain are bringing a futuristic multi planet species with advanced connectivity and personal ownership closer and closer.

Digital currencies (aka cryptocurrenices) will be used to transfer value. Value will come in many forms, through ama's and free trade there will be 10's of 1000's of digital currencies with vast use cases and meanings.

Check out the video above which dives into Bitcoin and the cryptocurrency world.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

How long does it take to mine 1 Bitcoin?

How long does it take to mine 1 Bitcoin?

The simple answer is that it currently takes about 10 minutes to mine a new Bitcoin. However, mining is a complex process, of which several factors need to be considered.

Bitcoin’s value and demand are projected to rise in the coming years. Buying Bitcoin is the easiest way to obtain the digital currency, but there are other ways to receive it. Mining Bitcoin is a viable option. This article explains how long it takes to mine 1 Bitcoin. 

Mining Explained

Mining Bitcoin involves transaction validation. Nodes (computers) compete to generate new blocks of valid transactions and include them in the Bitcoin blockchain. These nodes are rewarded for their computing power. 

Whenever a Bitcoin crypto transaction is performed, network nodes make sure that it is authentic and then update all information required about the transaction to the blockchain. Nodes compete by solving complex math puzzles. The winning node earns a reward, paid in BTC the native cryptocurrency to the Bitcoin blockchain. 

This process requires a great deal of computing power, making mining an expensive and calculated activity. As compensation for the costs, the network gives the reward for validated transactions.

Bitcoin mining is a finite process as there are only 21 million coins in the total supply. The last of these is projected to be mined about 120 years from now. With the decreasing supply, the number of Bitcoins allocated as rewards reduces every four years, known as the Bitcoin halving. This phenomenon has taken place three times so far, and occurs every 210.000 blocks, reducing the block reward by half. The last halving, which occurred in May this year, left the current rate sitting at 6.25 Bitcoins per block. 

Factors Affecting the Time It Takes to Mine 1 Bitcoin

As earlier mentioned, with Bitcoin’s supply algorithm, the average time required to mine one Bitcoin is approximately 10 minutes. The time needed to create a single new block remains constant, but some other crucial factors that affect the profitability of mining Bitcoin include:

  • mining hardware used
  • hash rate
  • mining method 
  • mining difficulty

Mining Hardware Used

The Bitcoin mining landscape is much different than it was at the start in 2009 when miners could use their PCs to generate new blocks. Bitcoin now uses the SHA-256 mining algorithm, which most computers cannot handle. It takes extremely powerful and efficient hardware to run millions of calculations within a short time. 

Graphics Processing Units (GPUs), Application-specific integrated circuits (ASICs), and Field Programmable Gate Arrays (FPGAs) are the current most broadly used hardware for Bitcoin mining. There is also the issue of electric power consumption, the more powerful the computer is, which is an added expense.

Hash Rate

Hash rate is the measure of how much power the network requires for finding and validation blocks of transactions. This metric expresses the ability of a blockchain network to make computations, calculated by the number of operations done every second (hashes per second).

Hash rate increases with more nodes available to compete to solve a block. So, a network with a higher hash rate simply has a better chance (more nodes competing) to confirm the new block.

Mining Method 

Solo mining to earn a full personal reward is expensive and tedious, as discussed above. Mining pools are the best option for those who can’t afford the huge costs of Bitcoin mining hardware. They allow people to pool resources to achieve a higher hash rate, which means more blocks mined. 

Bitcoin pools share resources to cover the costs of computing and electric power and puts them in the running against big-time mining companies. It also betters the chances of winning the block for a shared reward.

Mining Difficulty

Mining difficulty is an indicator of how hard it is to get the right hash (operation) for each block of Bitcoin. It shows the amount of work a node must put in to be rewarded. 

Mining difficulty is an ever-changing value, so it is challenging to approximate the exact potential mining time. That’s because the bitcoin network is designed to alter difficulty every 2016th block to make sure that the process occurs every 10 minutes.

When it becomes too easy to mine new blocks, the network increases the difficulty, making it harder. The reverse is the case when mining becomes too hard, which may happen if the price of Bitcoin falls, and too many miners quit mining.

Conclusion

Due to the ever-changing factors involved in mining, such as competition and computing power, it is difficult to state the exact time it takes to mine a Bitcoin. The average is 10 minutes; however, it may take a miner more or less time depending on their mining power.

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Ivan on Tech Stack Sats Webinar Review | Should You Attend

Ivan on Tech Stack Sats Webinar Review | Should You Attend

Are you interested in or already into Bitcoin trading and looking to accumulate more coin by buying, earning, or mining? 

Sign up here

What if you found out that there’s a proven method to stacking massive sats (or “satoshis,” the smallest unit of Bitcoin), and you can learn it without having any prior experience or expertise? In fact, this webinar aims to teach you just that. These are sure secrets coming first-hand from an expert.

The beauty of sat stacking is that you don’t have to break the bank to achieve a stack that makes you smile in your sleep. Ivan “On Tech” Liljeqvist will teach you how you can cut unnecessary expenses and build up your Bitcoin stack over time until it grows beyond your wildest dreams. 

Stack sats in your sleep!

The success of effective sat stacking lies in its consistency. By regularly and steadily accumulating small amounts of coin, you can grow a massive Bitcoin asset. 

When you consider the figures (1 Bitcoin = one hundred million satoshis), it may seem like a long haul. But with these proven techniques, you’ll find that your goals are not at all far from reach. In fact, for some reason, it’s better to look at it the other way around: 1 satoshi = 0.000000001 Bitcoin. There! By stacking enough sats per day, you’ll have a substantial stash before you know it. All it takes is a first step. And your first step is right before you. Attend the Stack Sats Webinar and gain insights to change your life.

This webinar will teach you the secrets to success with any cryptocurrency of your choice. Learn how to:

  • Generate a steady income: A lot of people have lost a lot of funds while “investing” in cryptocurrencies without sufficient knowledge of how things work. Learn how to beat mistakes and optimize your returns on any crypto investment.
  • Make the most out of any market: Action time! While many wait around dreaming of opportunities, step up, and make it happen. Learn to build wealth regardless of the conditions of the market at any point in time.
  • Create a rewarding blockchain career without being a developer: Yes, you can develop a career in blockchain without being a developer. 

Cryptocurrencies have revolutionized the global financial landscape forever, and those with foresight are always a step ahead. Here is an opportunity to put yourself ahead. And it’s completely free! What are you waiting for?

The catch

The webinar is completely free, no strings attached, and an expert, Ivan “On Tech” Liljeqvist, will teach it. The only catch would be that there are only 300 slots available. So hurry and sign up now to reserve your attendance. 

Bonus point!

Sign up as an affiliate of the Ivan On Tech Academy and get your leads into the webinar Stack Sats Webinar and get a commission for those that convert. Also check out other insightful webinars and courses by Ivan “On Tech” Liljeqvist, including blockchain programmer courses and Ethereum developer courses, and raise your commissions!

Sign up for the webinar here

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Interplanetary Transfer of Value System | Bitcoin In Space and on Mars

Interplanetary Transfer of Value System | Bitcoin In Space and on Mars

Welcome to this blockchain news video by Ivan Liljeqvist. In this video, you will learn about the interplanetary transfer of value system as Ivan discusses Bitcoin in space and on Mars.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

WAKE UP! 80 Trillion Dollar Bitcoin Exit Plan | Mineable

WAKE UP! 80 Trillion Dollar Bitcoin Exit Plan | Mineable

Welcome to this cryptocurrency video posted by Mineable. In this video you learn about the 2008 financial crisis, the covid-19 pandemic of 2020, and Bitcoin as an emerging asset class.

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What Makes Blockchain So Amazing | Top Reasons

What Makes Blockchain So Amazing | Top Reasons

Welcome to this blockchain and cryptocurrency video by Bitcoin 4Everyone. In this video, you will learn about the underlying technology of Bitcoin. Bitcoin is built using blockchain technology. A revolutionary new way of transacting and securing a network. Watch the video and read more below about what makes blockchain so amazing.

Here are some of the top reasons for what makes blockchain so amazing:

#Permissionless - Ownership and freedom

#P2P Peer to Peer - Person to person transactions, no middle man

#Secure - Immutable

#Trustless - No need to earn trust, transactions made with smart contracts are executed with confidence

#Decentralized - Distributed ledger technology

#Global - Borderless

#Online - Always available - 24/7

#Programmable - It is a universal computing machine

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Bitcoin Is Better Money | Why Price Keeps Going Up | Nuggets News

Bitcoin Is Better Money | Why Price Keeps Going Up | Nuggets News

Welcome to this cryptocurrency video posted by Nuggets News. In this video you will learn about Bitcoin.

  • Learn about the macroeconomic & financial drivers that have led to the exponential growth of Bitcoin.
  • Learn about what sets Bitcoin apart from other types of money, such as debt based fiat currency used by governments & banks.
  • Learn about what properties make Bitcoin so unique & actually lend itself to higher prices as the network grows.

Bitcoin is the world's first digitally scarce asset which makes it very attractive at a time when central banks are printing money, governments are running huge deficits & global debt has caused asset bubbles everywhere.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Bitcoin & Cryptocurrency Mining Pools Explained

Bitcoin & Cryptocurrency Mining Pools Explained

Welcome to this cryptocurrency video posted by Voskcoin. In this video you will learn about Bitcoin & Cryptocurrency Mining Pools.

A mining pool brings together computing resources that are capable of mining cryptocurrencies. Mining pools allocate successfully mined blocks proportionally and participants in a mining pool collect rewards based on their share of the computing power. Mining pools help keep volatility down for individual miners and makes rewards more stable and predictable.

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Block Reward Explained

Block Reward | Blockchain Mining

Welcome to this cryptocurrency video posted by 99Bitcoins. In this video you will learn what a Blockchain Reward is. A blockchain reward is a incentive given to miners who help to verify transactions happening on a blockchain.

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Blockchain Wallet Address Explained

Blockchain Wallet Address Explained

Welcome to this cryptocurrency video posted by Ivan on Tech. In this video you will learn about a Blockchain Wallet Address. A blockchain wallet address is a alphanumeric string that gets assigned to a digital wallet. You can give this string to others and they can transfer coins/tokens to that address. The person whose wallet it is will have the 'Private Key' that unlocks the wallet and allows the key holder to transfer coins/tokens from that address to another.


Public addresses are used to send and receive transactions. Depending on the blockchain being used, the public address usually also shows a record of all the transactions in and out of that public address. A public address is a long string of numbers and letters. Each specific coin and token have their own ‘addresses’ so you cannot send Bitcoin to an Ethereum address or vise versa. Doing so may result in a loss of those digital assets.

Crypto addresses can be in the form of a QR code, and recent advancements are making it possible  to pair a address to a top level domain (for example .LUXE).

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

51% Attack Explained

51% Attack Explained | Ivan On Tech

Welcome to this cryptocurrency video posted by Ivan on Tech. In this video you will learn about the 51% attack. A 51% attack is when greater than 50% of the computing power of the network under the control of person or group. The person or group that controls more than 50% can harm and control certain aspects of the blockchain.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

What is Bitcoin Mining? | Bitcoin Mining Explained | How Bitcoin Mining Works

What is Bitcoin Mining? | How Bitcoin Mining Works

Welcome to this blockchain and crypto educational video by Simplilearn!

This Blockchain educational video was made to help people understand how Bitcoin mining works. You can learn more about cryptocurrenices and blockchain by reading our blockchain guide for beginners.

This "Bitcoin Mining' educational video was made to help people understand what Bitcoin is, what a Blockchain is, the advantages of Bitcoin over Fiat, advantages of Bitcoin proof of work 'mining',

You can skip ahead to view the following topics that are discussed in this Bitcoin learning video.

1. What is Bitcoin? ( 01:45 )

2. What is Blockchain? ( 03:52 )

3. Advantages of Bitcoin ( 03:03 )

4. Concepts of Bitcoin mining ( 06:08 )

5. Bitcoin Mining ( 15:01 )

6. Use case - Bitcoin Mining ( 18:04 )

Blockchains are considered to be a disruptive technology. The technology is comparative to the internet. The future of this technology is uncertain and governments around the world are still trying to figure out how it can be regulated. Bitcoin was created out of the 2008 financial crisis and is a peer to peer digital asset transfer protocol. The Bitcoin blockchain works without a central bank or single administrator.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Snowden: Privacy and Bitcoin, at Bitcoin 2019 Conference

Snowden: Privacy and Bitcoin, at Bitcoin 2019 Conference

Welcome to this blockchain episode with Edward Snowden where he talks Privacy and Bitcoin, at the Bitcoin 2019 Conference. Find out why Bitcoin and other digital currencies help stand for privacy and financial inclusion in a permission-less financial ecosystem.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

LondonReal Andreas Antonopoulos Talks Bitcoin and Digital Currencies

LondonReal Andreas Antonopoulos Talks Bitcoin and Digital Currencies

Welcome to this blockchain episode of  LondonReal with Andreas Antonopoulos. Find out why Bitcoin and other digital currencies help stand for privacy and financial inclusion and freedom.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Bitcoin Core Protocol | Ivan Liljeqvist Programmer Explains

Stay informed on the latest blockchain and crypto news:


Bitcoin Core Protocol | What is a Protocol

Welcome to this episode of Good Morning Crypto. In this episode you will learn about Bitcoin Core Protocol, and the difference between protocol and implementation. Ivan Liljeqvist is a programmer with a great deal of blockchain knowledge.

What is a protocol - A protocol is a blueprint. Bitcoin is a protocol, it is a network, it is a currency. But at it's core Bitcoin is a protocol. a protocol is a blueprint for how computers communicate with each other. It defines rules, and how the computers communicate over the internet. A protocol is more of the idea phase which deals with theory and discussion of how something should be. A whitepaper is something that outlines and defines a protocol. Developers can then read the whitepaper and take the rules outlines and build an implementation of the protocol.

What is an implementation - An implementation is when a developer takes the same protocol but builds there own adaptation of the protocol. You can have many different implementations of the same protocol. Developers can use different languages and different methods to build the code/implementation of a protocol.

What is Bitcoin Core - Bitcoin core is the main implementation of the protocol used to outline Bitcoin blockchain. Bitcoin Core is just one implementation of the Bitcoin Protocol (whitepaper). It is however the most popular implementation of the Bitcoin protocol.

Guide to Understanding Blockchain and Cryptocurrencies

Crypto Session 1Blockchain and Crypto Terms You Should Know

Crypto Session 2Blockchain Technology Explained + Use Cases

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not cryptocurrency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.

Bitcoin Documentary: Beyond The Bubble

Bitcoin Documentary: Beyond The Bubble

A popular blockchain video posted on YouTube by 100thMonkeyChannel. The Bitcoin Documentary "Beyond the Bubble" is an educational watch where you can get a  better understanding of what Bitcoin, Blockchain, and CryptoCurrencies are. The documentary focuses the underlying principles of Bitcoin (₿) in comparison to FIAT money ($).

This is a 35 minute watch.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Andreas Antonopoulos Discusses Bitcoin with Canadian Senate

Andreas Antonopoulos Discusses Bitcoin with Canadian Senate

A very educational discussion between Andreas M. Antonopoulos and the Canadian Senate. Both sides are very well spoken and great questions and concerns are raised by the Canadian Senate members.

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