FractalBounce on Nostr: Bitcoin is Alchemy Hermes Trismegistus god of alchemy would be impressed with Bitcoin ...

Bitcoin is Alchemy
Hermes Trismegistus god of alchemy would be impressed with Bitcoin

In Alchemy, the process of transforming base metals into gold involves a series of chemical reactions and processes that require careful manipulation of ingredients and energy sources. Similarly, Bitcoin mining involves a complex process of converting electricity into a digital asset through a series of calculations and verification steps.

Bitcoin mining involves solving complex mathematical equations through a process known as hashing. The miners use powerful computers and specialized software to perform these calculations, which require a lot of energy to run.

In essence, the process of Bitcoin mining involves using electricity as a fuel source to power the mining hardware, which performs the calculations necessary to verify and process Bitcoin transactions. The electricity is converted into computational power, which is then used to solve the mathematical equations that form the basis of the mining process. As the miners solve these equations, they are rewarded with newly minted bitcoin, which can then be sold, traded or hodled.