Why would a miner choose one pool over another? Could it depend on which payout scheme a pool offers? The pool’s policies? And how often might a miner change their mind? This question is from the January monthly patron session, which took place on January 25th, 2020. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop Related: Bitcoin Q&A: What is mining? - https://youtu.be/t4p4iMqmxbQ Bitcoin Q&A: Energy consumption - https://youtu.be/2T0OUIW89II Bitcoin Q&A: The economics of mining pools - https://youtu.be/kZ5QQ__J2Io Bitcoin Q&A: Mining incentives after 2140 - https://youtu.be/LNSlIiKyZJM Bitcoin Q&A: The mining process - https://youtu.be/L4Xtau0YMJw Bitcoin Q&A: Mining, energy prices, and fee market - https://youtu.be/hrVCd6Pt4l4 Bitcoin Q&A: Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0 Bitcoin Q&A: Hash functions, mining, and addresses - https://youtu.be/zI9jnB8HFkI Bitcoin Q&A: Is quantum computing a threat? - https://youtu.be/wlzJyp3Qm7s Andreas M. Antonopoulos is a best-selling author, speaker, educator, and highly sought after expert in Bitcoin and open blockchain technologies. Andreas has written two best-selling technical books for programmers, “Mastering Bitcoin” and “Mastering Ethereum”. He has published “The Internet of Money” series of books, which focus on the social, political, and economic importance and implications of these technologies. He is known for making complex subjects easy to understand and highlighting both the positive and negative impacts these technologies can have on our global societies. Subscribe to this channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! Follow on Twitter: @aantonop // https://twitter.com/aantonop Connect on Facebook: https://www.facebook.com/AndreasMAntonopoulos Connect on LinkedIn: https://www.linkedin.com/company/aantonop/ Follow on Instagram: https://www.instagram.com/amantonop/ Learn More: aantonop.com Listen to the “Unscrypted” Podcast: https://aantonop.com/unscrypted/ MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ MASTERING ETHEREUM: https://amzn.to/2xdxmlK THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ THE INTERNET OF MONEY, v3: https://aantonop.io/tiomv3 Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq German, 'Das Internet des Geldes' (v1) - https://amzn.to/2LEiyqO German, 'Das Internet des Geldes' (v2) - https://amzn.to/2VCzse5 French, 'L'inter ... https://www.youtube.com/watch?v=yR4MRepPsWU

Are hardware wallets really secure enough? Is the complexity of the setup and execution part of the risk model? What are the most likely ways that you will lose your bitcoin? What is the best way to store your mnemonic seed and passphrase? If you want to see more about key management practices, check out this playlist: https://www.youtube.com/playlist?list=PLPQwGV1aLnTtAmzmz6uVE0kTKXtaGX1zY More on Trace Mayer's monetary sovereignty initiative: https://www.proofofkeys.com/ CORRECTION: At 9:13, I referred to paper as "Stone Age technology." While I was trying to convey the simplicity of the tool with such a phrase, this is not historically accurate as paper-making is not generally thought to have begun until thousands of years after the Stone Age. This question is from the January monthly subscriber session, which took place on January 26th 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: How do I choose a wallet? - https://youtu.be/tN6b62sEpsY Secure, tiered storage system - https://youtu.be/uYIVuZgN95M Hardware wallets and attack surface - https://youtu.be/8mpDcBfNA7g Setting up secure storage devices - https://youtu.be/wZ9LxLLvfXc What is a private key? - https://youtu.be/xxfUpIV9wRI How do mneomonic seeds work? - https://youtu.be/wWCIQFNf_8g Using paper wallets - https://youtu.be/cKehFazo8Pw Wallet design and mass adoption - https://youtu.be/WbZX6BDZJHc Cryptographic primitives - https://youtu.be/RIckQ6RBt5E Public keys vs. addresses - https://youtu.be/8es3qQWkEiU Re-using addresses - https://youtu.be/4A3urPFkx8g Passphrases and seed storage - https://youtu.be/jP7pEgBpaO0 Coin selection and privacy - https://youtu.be/3Ck683CQGAQ Multi-signature and distributed storage - https://youtu.be/cAP2u6w_1-k Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0 Is quantum computing a threat? - https://youtu.be/wlzJyp3Qm7s Spam transactions and Child Pays For Parent - https://youtu.be/t3c0E4fkSNs Orphan blocks and stuck transactions - https://youtu.be/MsdW0CTYwyY Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw Software distribution security - https://youtu.be/_V0vqy046YM Protocol development security - https://youtu.be/4fsL5XWsTJ4 Geopolitics and state-sponsored attacks - https://youtu.be/htxPRTJLK-k Sanctions and censorship resistance - https://youtu.be/DeXe5eGRl7E How to get people to care about security - https://youtu.be/Ji1lS9NMz1E Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg Why running a node is important - https://youtu.be/oX0Yrv-6jVs Wallets, nodes, and monetary sovereignty - https://youtu.be/8Hb3tUn8s4E Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one o ... https://www.youtube.com/watch?v=3zNVDIz6Snw