Bitcoin and Mining • Lesson 3 / 8

Lesson 3: How Bitcoin Mining Actually Works

In the previous lesson, we explored why Bitcoin had to appear in the first place.

We looked at the 2008 financial crisis — a pivotal moment when the global economy was shaken to its core. Banks that were “too big to fail” were bailed out while ordinary people lost jobs, homes, and savings. The message was clear: the financial system wasn’t just fragile — it was optimized to protect institutions, not individuals.

Out of that chaos came the big question:

Can we build something better?

If you had to rebuild a global financial system from scratch — with no banks, no borders, and no central authority — how would you make it work?

By the end of this lesson, you will learn:

  • What Bitcoin mining is
  • Where new Bitcoins come from and why mining is essential to the system’s operation
  • What makes Bitcoin secure 
  • What the Bitcoin halving is, how it affects miners, and why it preserves scarcity
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