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