Podcast Episode Details

Bitcoin Mining Explained to My Kids: “Is Bitcoin Mining Profitable,” “Bitcoin Energy Consumption per Transaction,” and More

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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 mylesdhillon@gmail.com

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Published on 2 months, 3 weeks ago