Under the Hood of Bitcoin Mining

Yan Pritzker breaks down Bitcoin mining as a lottery system.

Yan discusses his Mining as a lottery system thesis with Stephan Livera in 2019.

NYDIG presents an all-encompassing overview of what mining is and how it works.

BitMex deconstructs the economics of mining and how the difficulty adjustment impacts mining profitability.

Steve Barbour riffs on Bitcoin’s unique security properties.

Michael Saylor discusses Bitcoin as an “encrypted wall of energy” and how the Bitcoin network channels “monetary energy” across time and space.

Arman breaks down how SHA-256 works at a low level and how the difficulty adjustment impacts mining.

Marty Bent explains Jevons Pardox, how the Bitcoin fee market works, and why transaction fees should not be of worry.

Hugo Nguyen revisits the original case for proof-of-work as a link between the physical realm and the digital, even before it was used in Bitcoin.

Rory Highside takes a deep dive into the thermodynamics of proof-of-work mining and why it can function as the ultimate arbiter of truth in a system.

Drew Armstrong and AJ Scalia of Cathedra explore the case for why civilization should consume more energy, not less. As a productivity-enhancing technology, Bitcoin mining is a desirable use for such energy generation.

Gigi’s classic on the intricate link between time and money and how the global network of Bitcoin miners function as a distributed clock.

Brandon Quittem chats with Robert Breedlove about the relationship between Bitcoin mining and energy, evaluating Bitcoin through an ecological lens with his “pioneer species” thesis.

Dhruv Bansal looks to the sky & calculates how Bitcoin mining could work in an interstellar civilization. He introduces the concept of a “center of hash”-the average spatial location of miners weighted by their hashrate.

A consistently updated Twitter list of all the best follows in the world of Bitcoin mining.