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Content provided by Myles Dhillon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Myles Dhillon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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Bitcoin Mining Explained to My Kids: “Is Bitcoin Mining Profitable,” “Bitcoin Energy Consumption per Transaction,” and More

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Manage episode 490137980 series 3512732
Content provided by Myles Dhillon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Myles Dhillon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this fun episode, I sit down with my own kids to answer their real questions about Bitcoin, gold, and inflation — from the basics to the stuff most adults don’t even understand.

They ask:

  • Who created Bitcoin?
  • How much does it cost to buy one Bitcoin right now?
  • How long does it take to mine a Bitcoin and how are new coins made?
  • Is Bitcoin mining profitable or too expensive today?
  • Can you explain Bitcoin to a child? (We try!)
  • What’s the 1kg gold bar price and how does gold compare to Bitcoin?
  • What does Bitcoin energy consumption per transaction really mean?
  • And finally, why is inflation bad, and what’s the deal with money losing value?

If you're trying to understand Bitcoin for kids, or want help explaining Bitcoin to a child, this episode is a great place to start — with questions straight from the mouths of curious kids.

Get intouch with Myles at [email protected]

  continue reading

33 episodes

Artwork
iconShare
 
Manage episode 490137980 series 3512732
Content provided by Myles Dhillon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Myles Dhillon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this fun episode, I sit down with my own kids to answer their real questions about Bitcoin, gold, and inflation — from the basics to the stuff most adults don’t even understand.

They ask:

  • Who created Bitcoin?
  • How much does it cost to buy one Bitcoin right now?
  • How long does it take to mine a Bitcoin and how are new coins made?
  • Is Bitcoin mining profitable or too expensive today?
  • Can you explain Bitcoin to a child? (We try!)
  • What’s the 1kg gold bar price and how does gold compare to Bitcoin?
  • What does Bitcoin energy consumption per transaction really mean?
  • And finally, why is inflation bad, and what’s the deal with money losing value?

If you're trying to understand Bitcoin for kids, or want help explaining Bitcoin to a child, this episode is a great place to start — with questions straight from the mouths of curious kids.

Get intouch with Myles at [email protected]

  continue reading

33 episodes

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