In this video I recorded in February of 2014, I explain what “mining” Bitcoin or Cryptocurrency does and how it works in non-technical terms. Mining is a metaphor borrowed from mining gold, and there are similarities and differences between the two.
You can find a complete course on Bitcoin and Cryptocurrency for the non-technical student in my iPhone and iPad app in the App Store: https://itunes.apple.com/us/app/bitcoin-altcoin-tutorials/id908959195?at=10lJ79
and I’ll be adding more lessons about crypto here and on my website http://alohabitcoin.com/2014/04/saying-aloha-to-bitcoin-and-cryptocurrency-in-hawaii/
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