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We will take a non-technical look into bitcoin mining in this episode. My guests are Jan Čapek 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. "Bitcoin is a big social change in the world." - Jan Čapek "Bitcoin forces you to think differently." - Pavel Moravec Topics: History of Slush Pool Why Bitcoin? Explaining Mining for Newbies Electricity needs of Bitcoin Mining profitability Price of electricity and value of bitcoin How pool mining works How can individuals participate in mining? Mining centralization Slush pools business model Braiins OS Improving the mining protocol Competition in mining Antbleed backdoor in Antminer S9 Open Source mindset in Asia Miners ability to censor transactions Stratum V2 Future of bitcoin Altcoins as testbeds Confidential transactions ---------- More: https://bitcoinundco.com/en/slush-pool-braiins/ ‎ ---------- Thank you to my sponsors: Card Wallet - the safest cold storage solution. No software needed. Order now and get 20% off! (time-limited) https://www.cardwallet.com/anita ---------- and ---------- The BitBox02 hardware wallet. Swiss made, secure and easy to use. Get free shipping with code "anita" now! https://shiftcrypto.ch/bitbox02/ ---------- and ---------- Check out the LTB Network https://letstalkbitcoin.com/ ---------- Follow: Subscribe to Anita's mailing list: https://anitaposch.com/newsletter/ Twitter: https://twitter.com/anitaposch/ LinkedIn: https://www.linkedin.com/in/anitaposch/ YouTube: http://www.youtube.com/c/AnitaPosch ---------- Send a voice message to Anita: https://www.speakpipe.com/anitaposch ---------- German Podcast: https://bitcoinundco.com/de/ ---------- Donate: Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better. PayPal https://paypal.me/AnitaPosch | BTC https://tallyco.in/AnitaPosch/ | Lightning https://tippin.me/@anitaposch