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Writer's pictureFahad H

Bitcoin Q&A: The mining course of


Can you present a quick overview of the mining course of? Is there human intervention in mining or is it automated? What influenced the centralisation of mining and the way will it decentralise once more?

More on mining and consensus in ‘Mastering Bitcoin’ – https://github.com/bitcoinbook/bitcoinbook/blob/f8b883dcd4e3d1b9adf40fed59b7e898fbd9241f/ch10.asciidoc

These questions are from the MOOC 9.2, 9.3, and 9.5 classes, which passed off on February 23rd, March 2nd, and March 16th 2018 respectively. Andreas is a educating fellow with the University of Nicosia. The first course of their Master of Science in Digital Currency diploma, DFIN-511: Introduction to Digital Currencies, is obtainable at no cost as an open enrollment MOOC course to anybody serious about studying in regards to the elementary rules.

If you need early-access to talks and an opportunity to take part within the month-to-month dwell Q&As with Andreas, turn into a patron: https://www.patreon.com/aantonop

RELATED: Consensus Algorithms, Blockchain Technology, and Bitcoin – https://youtu.be/fw3WkySh_Ho Advanced Bitcoin Scripting Part 1: Transactions and Multisig – https://youtu.be/8FeAXjkmDcQ Advanced Bitcoin Scripting Part 2: SegWit, Consensus, and Trustware – https://youtu.be/pQbeBduVQ4I What is Consensus: Rules with out Rulers – https://youtu.be/2tqo7PX5Pyc Forkology: A Study of Forks for Newbies – https://youtu.be/rpeceXY1QBM Bitcoin: Where the Laws of Mathematics Prevail – https://youtu.be/HaJ1hvon0E0 Software distribution safety – https://youtu.be/_V0vqy046YM What is mining? – https://youtu.be/t4p4iMqmxbQ Miners, swimming pools, and consensus – https://youtu.be/JHz7LM4ncLw The guidelines of Bitcoin (half 1) – https://youtu.be/VnQu4uylfOs The guidelines of Bitcoin (half 2) – https://youtu.be/vtIp0GP4w1E Rules versus rulers – https://youtu.be/9EEluhC9SxE The worth of proof-of-work – https://youtu.be/ZDGliHwstM8 Could a state-sponsored 51% assault work? – https://youtu.be/KUd8ZGgm6Qo Honest nodes and consensus – https://youtu.be/KAhY2ymI-tg Spam transactions and Child Pays For Parent (CPFP) – https://youtu.be/t3c0E4fkSNs Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g Decentralized energy, leaderless governance – https://youtu.be/E5VbDlQTPzU Scaling, belief, and trade-offs – https://youtu.be/vCxmHwqyJWU What is the function of nodes? – https://youtu.be/fNk7nYxTOyQ Why operating a node is vital – https://youtu.be/oX0Yrv-6jVs Lightning, full nodes, and miners – https://youtu.be/dlJG4OHdJzs Running nodes and cost channels – https://youtu.be/ndcfBfE_yoY What occurs throughout a fork? – https://youtu.be/XBk8hBJ1xVo SegWit adoption – https://youtu.be/KCsTVTRk6I4 Spam transactions and Child Pays For Parent (CPFP) – https://youtu.be/t3c0E4fkSNs Energy consumption – https://youtu.be/2T0OUIW89II Solar vitality and mining in house – https://youtu.be/cusakcpa8AM Bitmain and ASICBoost allegations – https://youtu.be/t6jJDD2Aj8k

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has turn into one of the vital well-known and revered figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/

He is the writer of two books: “Mastering Bitcoin,” printed by O’Reilly Media and regarded the very best technical information to bitcoin; “The Internet of Money,” a e book about why bitcoin issues.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

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