In this video, I discuss the fundamental purpose of a bitcoin miner as well as the incentive for which they act. It can follow, now, that we see the inevitability of bitcoin mining being commoditized (and it already is to a large extent). To further understand the technical/cryptographical process of mining bitcoin, take a look at my Blockchain video: https://www.youtube.com/watch?v=so6pGX97G2A&ab_channel=Bitcoinomics.
Sources:
How does bitcoin mining work? https://www.investopedia.com/tech/how-does-bitcoin-mining-work/
Bitcoin Hash rate: https://www.blockchain.com/charts/hash-rate
