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Writer's pictureFahad H

Bitcoin Q&A: What is mining?


What is mining? Does it work as a enterprise mannequin? Mining – notably concerning proof-of-work cryptocurrencies like bitcoin – gives industrial infrastructure by way of particular objective, excessive efficiency computing with utility particular built-in circuits (ASICs) to make sure safety of the community. But the media do not describe it like that, as a result of speaking concerning the “dark web” will get extra clicks and sells newspapers. The early web was additionally described as an obscure expertise just for geeks and criminals. People are afraid of change and we’re nonetheless within the early days of cryptocurrencies.

Watch the complete speak right here: https://youtu.be/rc744Z9IjhY

This speak passed off on the Internet Days (“Internetdagarna”) convention throughout November 20-21st 2017 on the Waterfront Congress Centre in Stockholm, Sweden: https://antonopoulos.com/event/the-internet-days-stockholm-sweden/

RELATED: What is the function of nodes? – https://youtu.be/fNk7nYxTOyQ Lightning, full nodes, and miners – https://youtu.be/dlJG4OHdJzs Solar power and mining in house – https://youtu.be/cusakcpa8AM Why I earn bitcoins as a substitute of shopping for them – https://youtu.be/Ci7TyD8jETY The finish of mining centralisation – https://youtu.be/2-fUosBOu58 Why has mining centralised in China? – https://youtu.be/8iyOKlzEe-0 Is the centralisation of mining in China an issue? – https://youtu.be/GGwHIHBsjbU Will {hardware} developments assist re-decentralise mining? – https://youtu.be/BuqZvdA08JE The Halvening 2016 – https://youtu.be/tMP-24ej81w Could a state-sponsored 51% assault work? – https://youtu.be/KUd8ZGgm6Qo Will governments ban cryptocurrencies? – https://youtu.be/LIQkuF_I5Xo Migrating to post-quantum cryptography – https://youtu.be/dkXKpMku5QY Fee markets, SegWit, and scaling – https://youtu.be/zxt-FLzZPhg Bitmain and the ASICBoost allegations – https://youtu.be/t6jJDD2Aj8k Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g Decentralization and the Architecture of Trust – https://youtu.be/wSRN8PUhHX0 Hardware, Software, Trustware – https://youtu.be/Etyjc1JdmFU

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has develop into probably the most well-known and revered figures in bitcoin.

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

He is the creator of two books: “Mastering Bitcoin,” printed by O’Reilly Media and regarded the perfect technical information to bitcoin; “The Internet of Money,” a ebook 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

Subscribe to the channel to be taught extra about Bitcoin & open blockchains!

If you need early-access to talks and an opportunity to take part in a month-to-month LIVE Q&A with Andreas, develop into a patron: https://www.patreon.com/aantonop

Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

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