This content was created by Kosta Ouzas. This content was uploaded by Kosta Ouzas. This is a YouTube video titled "Someone asked my birthday — I had to think about it." It contains a conversation involving Kosta Ouzas discussing the process and challenges of cryptocurrency mining, including the use of ASICs and the decentralized nature of the system.
How do you become a miner? Is it something that anyone can do or. So. Yeah, so, you know, mining. Used to, you could do mining on your computer. So you mine it and then you get it, right? Yeah. The problem is now it's so competitive that they're using very, very, you know, they called ASIC that they huge data centers. Yeah. And all they're doing is guessing a number. They're all just guessing a number. That's what the mining actually. How do you regulate who's allowed to mine or not? It's not. There's. What if some like, well, this is some guy in the middle of the Amazonian rainforest who's managed to plug the leaves into the ground or whatever. But it's like some, you know, some Escobar type person who's mining them. It doesn't matter because the system itself is decentralized.
