Bitcoin Has Uncertainty? #mining #farming #efficiency

Video Transcript

One of the concerns people have had before about Bitcoin mining is that how can you have an income stream that is random that you produce blocks randomly based on for example if you are mining with 1% of the Network’s hash rate you will earn approximately 1% of the blocks

Of Bitcoin but the struggle there is well how much money do you know you’re going to earn but the same analogy can be brought across to any other industry farming does the farmer know exactly how much he’s going to grow that year or does he put all of the time and energy

In preparing his field and the growth and the connection to the sun and the fertilizer and the efficiency of his Machinery it’s the exact same thing with Bitcoin mining it’s the best way to understand it is Bitcoin or bitco and that’s the same for if you

Open a business you don’t know how many customers are going to come in the door you can just sort of throw out an estimate and hope for the best