We will take a non-technical look into bitcoin mining in this episode. My guests are Jan „Œapek and Pavel Moravec, the CEOs and Founders of Braiins, the company that is operating Slush pool, which is the world'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.History 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 OSImproving the mining protocolCompetition in miningAntbleed backdoor in Antminer S9Open Source mindset in AsiaMiners ability to censor transactionsStratum V2Future of bitcoinAltcoins as testbedsConfidential transactions