Tuesday, December 5, 2017

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: This talk took place at the Internet Days ("Internetdagarna") conference during November 20-21st 2017 at the Waterfront Congress Centre in Stockholm, Sweden: RELATED: What is the role of nodes? - Lightning, full nodes, and miners - Solar energy and mining in space - Why I earn bitcoins instead of buying them - The end of mining centralisation - Why has mining centralised in China? - Is the centralisation of mining in China a problem? - Will hardware advancements help re-decentralise mining? - The Halvening 2016 - Could a state-sponsored 51% attack work? - Will governments ban cryptocurrencies? - Migrating to post-quantum cryptography - Fee markets, SegWit, and scaling - Bitmain and the ASICBoost allegations - Is Bitcoin a democracy? - Decentralization and the Architecture of Trust - Hardware, Software, Trustware - 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 Website: 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: [NEW] THE INTERNET OF MONEY, v2: MASTERING BITCOIN: [NEW] MASTERING BITCOIN, 2nd Edition: 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: Music: "Unbounded" by Orfan ( Outro Graphics: Phneep ( Outro Art: Rock Barcellos (


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Item Reviewed: Bitcoin Q&A: What is mining? Rating: 5 Reviewed By: BUXONE