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Bitcoin Q&A: What is mining?



What is mining? Does it work as a business model? Mining - particularly regarding proof-of-work cryptocurrencies like bitcoin - provides industrial infrastructure via special purpose, high performance computing with application specific integrated circuits (ASICs) to ensure security of the network. But the media don't describe it like that, because talking about the "dark web" gets more clicks and sells newspapers. The early internet was also described as an obscure technology only for geeks and criminals. People are afraid of change and we're still in the early days of cryptocurrencies. Watch the full talk here: https://youtu.be/rc744Z9IjhY This talk took place at the Internet Days ("Internetdagarna") conference during November 20-21st 2017 at the Waterfront Congress Centre in Stockholm, Sweden: https://antonopoulos.com/event/the-in... RELATED: What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ Lightning, full nodes, and miners - https://youtu.be/dlJG4OHdJzs Solar energy and mining in space - https://youtu.be/cusakcpa8AM Why I earn bitcoins instead of buying them - https://youtu.be/Ci7TyD8jETY The end 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 a problem? - https://youtu.be/GGwHIHBsjbU Will hardware advancements help re-decentralise mining? - https://youtu.be/BuqZvdA08JE The Halvening 2016 - https://youtu.be/tMP-24ej81w Could a state-sponsored 51% attack 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 become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon... [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money... MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi... [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitc... Subscribe to the channel to learn more about Bitcoin & open blockchains! If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become 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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Item Reviewed: Bitcoin Q&A: What is mining? Rating: 5 Reviewed By: PRASHANT ENTERPRISES