Bitcoin mining is a complex game of reward and risk, driven by what is probably the most free-market incentive mechanism in the world. In this article, I will go in the game theory of bitcoin mining, examining how individual miners… Read More »Understanding The Game Theory Of Bitcoin Mining
As the price of bitcoin pumps to all-time highs and crashes down from those highs only months later, one can’t help but wonder “Who decides the price of bitcoin?” and “Where does the price of bitcoin come from?”. The answer… Read More »Who Decides The Price Of Bitcoin?
Bitcoin mining is a complex process that is not easy to understand after reading a single blog post or article. It takes a while to fully grasp the incentives, mathematical process, and game theory of it all. To help conceptualize… Read More »Bitcoin Mining Explained With Rubik’s Cubes