An Overview Of Bitcoin Mining

Since inception, ARK has researched and published thoughts on the cryptocurrency ecosystem within Big Ideas and through articles, whitepapers, monthly Bitcoin reports and podcasts. Now, in coordination with Bitcoin Park, ARK is pleased to introduce a monthly conversation with leaders in the Bitcoin space, to discuss everything happening in the rapidly-changing and still nascent Bitcoin ecosystem. Published through the For Your innovation podcast channels, this monthly series aims to be informative and enlightening, including experts with diverse viewpoints.Guests on this month’s Bitcoin Brainstorm include:Luke Dashjr: Founder and CTO, OCEAN, Core DeveloperTrey Kelly: Founder, Chairman and CEO, GRIIDSteve Barbour: Founder and CEO, Upstream DataJohn Stefanopolous: Founder, FutureBitBenjamin Yi: Executive Chairman, Riot PlatformsYassine Elmandjra: Director of Digital Assets, ARK Invest Cathie Wood: Founder, CEO and CIO, ARK InvestRod Roudi: Co-Founder, Bitcoin ParkKey Points From This Episode:00:01:00 Rod introduces the Bitcoin Brainstorm and hands over the floor to each of our fantastic guests00:08:41 What makes bitcoin so unique and what makes bitcoin mining so essential?00:18:30 What are mining pools and why do they exist in the first place?00:27:15 The pace of innovation in bitcoin and bitcoin mining, especially in regard to energy consumption00:33:54 Why bitcoin mining is at the convergence between energy and money00:40:49 How bitcoin mining is more about optimizing energy use than it is about earning bitcoin00:47:21 Exploring why so many questions are asked about the energy consumption of bitcoin00:54:29 Bitcoin mining may be able to decrease the end balances that energy rate payers are charged00:59:33 What does the future of bitcoin mining look like?01:08:01 Bitcoin mining represents massive convergences across industries and the digital and physical worldsLinks Mentioned in this Episode:Learn more about Bitcoin Park: bitcoinpark.com