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A short simplified tutorial about Bitcoin blocks and confirmations for newbies. For the complete text guide visit: http://bit.ly/2qDVVVW Join our 7-day Bitco... An explanation of how bitcoin transactions work. 01:27 - Transaction Basics ↳ 08:45 - Change ↳ 12:49 - Graph ↳ 15:10 - Coinbase Transaction ↳ 17:24 - Fees 20:00 - Transaction Data ↳ 35 ... It is estimated that bitcoin is using approximately 23,312 megawatt hours per day (see electric consumption at blockchain.info/stats (24 hour stats)) of electric for block solving algorithms. Blockchain Confirmations are important to understand as they can help you know how confident you can be in any given blockchain transaction. When a transaction is broadcast to the blockchain, it ... Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Da...