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How Bitcoin mining actually works - What is the "cryptographic puzzle"?
 
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In this video I try to breakdown the "cryptographic problem" that people reference when they talk about bitcoin mining. 13uJjYF12aRVdwaiTmALx5XDfguQ9MnYtK
Views: 62459 Keifer Kif
What Are Bitcoin Miners Actually Solving?
 
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Recorded with http://screencast-o-matic.com It took it upon myself to find out what Bitcoin miners were really mining/why they were mining. I don't know why it took me so long to find the answer, maybe I wasn't asking the right questions. But, I figured it out and I'm happy I get it now. Hopefully, this video helps you understand Bitcoin just a little more too! Thumbs Up if you liked the video! Thanks to all who are deciding to join me on this journey. If you have any questions, feel free to comment! We can figure them out together. To use me as your sponsor click the link to start creating your account: https://bitconnect.co/?ref=TGIKendra
Views: 1137 BitCoinKen
Mining Bitcoin with pencil and paper
 
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Bitcoins are mined using a cryptographic algorithm called SHA-256. This algorithm is simple enough to be done with pencil and paper, as I show in this video. Not surprisingly, this is a thoroughly impractical way to mine. One round of the algorithm takes 16 minutes, 45 seconds which works out to a hash rate of 0.67 hashes per day. For details, see http://righto.com/sha
Views: 1185378 Ken Shirriff
Mining Bitcoin with Excel
 
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Learn how to mine Bitcoin with an Excel spreadsheet. Check out the following video for info on 21's Bitcoin computer, which can actually be used to mine Bitcoins and monetize your endpoint: https://youtu.be/mLwbBojDD_U In this video, we explain the algorithm behind Bitcoin mining and show you how you could (in theory) do it yourself! Download the spreadsheet here: https://www.dropbox.com/s/2erhq2uum7fvdc2/Bitcoin.xlsx?dl=0 See more at www.knowledgevideos.net The algorithm is from Jersey: 13GFWmp4HWdidJaTxWHCcaHPrqBPfddDHK NIST SHA-256 Description: http://csrc.nist.gov/groups/STM/cavp/documents/shs/sha256-384-512.pdf
Views: 169212 Knowledge
Probability in Bitcoin Mining: The Hashing Function
 
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How does the hash function work in the world of Bitcoin mining? Peter Van Valkenburgh of the Coin Center explains how the hash function in Bitcoin uses entropy to select Bitcoin miners. As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker. Reach Peter Van Valkenburgh on Twitter: @valkenburgh https://twitter.com/valkenburgh Related links: What is Bitcoin Mining? https://youtu.be/qFOeFXwCuLw Bitcoin Hash Functions Explained https://www.coindesk.com/bitcoin-hash-functions-explained/ Bitcoin: Cryptographic Hash Functions (Khan Academy) https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-cryptographic-hash-function Bitcoin Miners Signal Revolt Amid Sluggish Blockchain https://www.bloomberg.com/news/articles/2017-03-13/bitcoin-miners-signal-revolt-in-push-to-fix-sluggish-blockchain Bitcoin Splits in 2 http://www.businessinsider.com/bitcoin-price-fork-happens-2017-8
Views: 42310 The Federalist Society
What Is Bitcoin Mining
 
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Join The Tiny Handful Of People Going From Zero To $10,000 Per Month Without Spending A Dime 👉- https://www.incomeuniversity.com/quick-cash/ Understanding your wealth personality will really help get you on the right track, find out yours at http://income.tv/quiz **** Come Learn From Tim LIVE Every Week On Income TV LIVE - http://income.tv/live/ *** What is bitcoin mining? 0:06 Bitcoin is a peer-to-peer network which makes it so that everyone on the Bitcoin network is a small participating fraction of the Bank of Bitcoin. How do you create a Bitcoin? And how does this ‘bank’ even ‘make’ currency? 0:20 Bitcoin’s mining process holds a number of unique advantages. Bitcoin’s decentralized system of operation allows it to operate without the supervision of a central authority. Often times with tangible currency such as U.S. dollars, a government chooses when to create and distribute more dollars, enacting regulatory measures. Whereas in Bitcoin, miners use unique software to complete complex mathematical puzzles in exchange for a set number of Bitcoins. Not only is this an efficient way to distribute currency, it incentivizes mining. 0:58 Another advantage – miners are a requirement to confirm bitcoin transactions. The more miners added, the more secure the network. The network has an automated system in which it can raise and lower the difficulty of its math puzzles. The math problems change in reaction to how fast Bitcoin miners are solving them. 1:18 In the days following Bitcoin’s inception, miners solved these complex equations via their computer’s processors. Shortly after, miners were able to discover gaming graphics cards were more directly suited for these equations. While graphic cards can be much faster, they also consume more electricity while generating a significant amount of heat. 1:40 The first commercial mining operations began to include processing chips that were specifically reprogrammed to mine Bitcoin. These chips were much faster than the graphics cards, but still remained energy hungry. 1:53 Application-Specific Integrated Circuit chips, or ASIC for short, are designed to specifically tackle Bitcoin mining. ASIC technology has made Bitcoin mining reach all-time speeds while efficiently harnessing energy. 2:09 Mining is an essential part of Bitcoin’s blockchain network that ensures transparency and security while keeping its network stable. 2:18 As Bitcoin’s popularity skyrockets, more miners are being added to the network. Ultimately, this makes it difficult for individual users to solve the math equations. To get past this, miners have found a way to work cooperatively in “pools” that allow them to find solutions faster than individuals, while still appropriately rewarding miners with Bitcoin equivalent to the amount of work provided. Check us out on our other social platforms as well: Instagram - https://www.instagram.com/incometv/ Facebook - https://www.facebook.com/IncomeTV Twitter - https://twitter.com/Income_TV Pinterest - https://www.pinterest.com/incometv/pins/
Views: 2888 Income TV
Bitcoin Explained Episode 6: Bitcoin Mining Formula Explained
 
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In previous videos I told you that before A block gets added to the block chain, a node on the network must be the first to solve a mathematical formula. This difficult formula satisfies the proof of work protocol.The bitcoin network uses this to avoid Denial of Service attacks.
Views: 1786 On1 Productions
What is Bitcoin Mining?
 
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For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? This short video is an animated introduction to Bitcoin Mining. Credits: Voice - Chris Rice (www.ricevoice.com) Motion Graphics - Fabian Rühle (www.fabianruehle.de) Music/Sound Design - Christian Barth (www.akkord-arbeiter.de) Andrew Mottl (www.andrewmottl.com)
Views: 6716565 BitcoinMiningCom
Bitcoin Power Problem - Computerphile
 
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Computations involved in mining Bitcoin are astronomical. Professor Phil Moriarty explains how estimating the energy useage is a Fermi problem. The paper Phil refers to: http://bit.ly/C_BTC-Energy Onion Routing (Tor): https://youtu.be/QRYzre4bf7I Bitcoin Mining in 4 minutes: https://youtu.be/wTC31ZI6QM4 https://www.facebook.com/computerphile https://twitter.com/computer_phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: https://bit.ly/nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http://www.bradyharan.com
Views: 93922 Computerphile
Bitcoin: Know the risks before you buy
 
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Even though Bitcoin hit a record high of about $19,200 for each coin on December 17, the cofounder of the Bitcoin.com website said that "Bitcoin is right now the riskiest investment you can make ... as soon as people realise how it works, they will start to sell".. Here are some of the things you should consider before you jump on the bandwagon.. What is Bitcoin? Cryptocurrency: Bitcoin is a digital form of money that you can use to pay for some transactions online. It is the most popular of the so-called "cryptocurrencies".. As with "real" currencies (like the US dollar), you can own one, 10, or millions of Bitcoins. Unlike real currencies, cryptocurrencies only exist online and are not backed by any government or central bank.. Cryptocurrencies depend on complex computer software to verify, validate and secure transactions between people exchanging this virtual money online. . The software running Bitcoin was first released in 2009, together with the website, Bitcoin.org, by a programmer self-identified as Satoshi Nakamoto. He announced Bitcoin as "a Peer-to-Peer Electronic Cash System".. Regulation. In March 2014, the IRS, the US government agency responsible for tax collection, stated that all virtual currencies, including Bitcoins, would be taxed as property rather than currency. . South Korea is reportedly also looking to tax the money made from trading in cryptocurrencies. The government will also ban minors from opening accounts on virtual coin exchanges, and propose a bill to allow only eligible exchanges to operate.. How does it work? Blockchain: The financial system to validate Bitcoin transactions is known as the Blockchain, and depends on a decentralised network of computers connected over the internet.. Like peer-to-peer (P2P) networks where unidentified people upload and download music and films, the blockchain depends on a growing community of people and institutions online. . Those peers run the Bitcoin software to verify Bitcoin transactions, independent of any bank or treasury.. Every time people exchange Bitcoins online, the whole network gets updated with the new information, creating new "blocks", i.e. long chains of data for computers to solve.. Mining farms: Like printing new bank notes, new Bitcoins are created by solving "blocks" of mathematical equations that are created each time Bitcoins are exchanged online.. Even though the Bitcoin software can crunch all those equations automatically, it requires a lot of computing power to do so. . This automatic process is known as "mining" and requires a lot of computing power. For this, large data centres, known as "mining farms", have been set up. Many of the largest farms are located in Russia and China.. Blockchain.info counts 16 million Bitcoins in circulation, while there can only be up to 21 million Bitcoins. This limit is set in the Bitcoin algorithm.. Where can you buy it? Costs more than gold. At December's peak rates, one Bitcoin costs as much as $18,000. For this m
What Does Hashrate Mean? | Hashrate Mining Explained
 
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👉 https://goo.gl/fRM4cK What Does Hashrate Mean? | Hashrate Mining Explained On this quick video, I will quickly explain what the term hashrate mean. Don't forget: to see if you qualify to be a part of my team for Bitcoin mining leverage, go here to answer a few questions: https://goo.gl/fRM4cK Hash rate is used as the speed indicator of a machine that mines Bitcoin on the Blockchain. The higher the hashrate number on a machine, the faster it will solve complex equations and find blocks on the Blockchain when transactions are being verified! Don't forget: to see if you qualify to be a part of my team for Bitcoin mining go here https://goo.gl/fRM4cK Any questions? Comment below or email [email protected]!
Views: 69 BITCOIN LIFT OFF
bitcoin problem #1:  win bitcoin if you solve thanksgiving pi series problem [SOLVED]
 
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my sixth video feel free to comment below. ***UPDATE: THIS PROBLEM WAS SOLVED here is a problem for you to solve!!!! comment below your answer with an explanation. the best answer i get will be immortalized in upcoming solution video! there is also some bitcoin to win if you solve the problem. the BTC is encoded in the answer to the problem given in the video. Here is the address to the account with the prize (feel free to check if still unclaimed): 13fD81BSepmGxqkcX6hczXN9H3wwssc5Lt Here is the problem key "G": G = 87530176146020247398485320909411416098114972446988239223521548967520568827821 ("G" is basically a one time pad for the problem above... once you figure out k,m... you multiply f(k,k^2) and G together to obtain the secret key to the above bitcoin wallet... if you are the first one to do this... you can gain control of the above account and transfer the contents to a wallet of your choice) Disclaimer: make sure you know what you are doing... i aint responsible for anything. --------------- catalog: my first video on the zeta function and its relation to the fractional derivative: https://youtu.be/Yi8v_QI3khA my second video on contour integrals: https://youtu.be/I7rAerTMndw my third video on cauchy's integral formula: https://youtu.be/XdjN-Or2XiQ my fourth video on the functional equation: https://youtu.be/6744FX-HvIE my fifth video on the thanksgiving pi problem: https://youtu.be/B4DGg8KwBYE --------------- help support me make more stuff! videos on fractional complex analysis... number theory... physics... politics... random stuff that i think about... and more problems to solve!!! (this bitcoin problem is a test... if this works out i will put a portion of all donations back into this bitcoin/problem thing... i envision harder problems with bigger prize purses coming if this is successful! send me bitcoin!) patreon: https://www.patreon.com/briantalksabout/ paypal: https://www.paypal.me/briantalksabout/ bitcoin: 1J1orqXqGdcmv1czzh45xgmAeC3oK6yz2d ---------------- YouTube is the future... The university lives here now...
Views: 199 Brian talks about
What is Bitcoin Mining
 
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Miners are rewarded in Bitcoin for verifying every transaction done around the world and solving mathematical equations. You can contact Grant at http://bitcoin-currency.net/MyPageBCN
Views: 135 Grant Aylward
Why bitcoin price is going down? | why bitcoin is not becoming stable ?
 
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Must watch video to know bitcoin crash and instability ! Start trading Binanace video tutorial :- https://youtu.be/e4V1zuvTtv0 binance Link :- https://www.binance.com/?ref=20161230 Koinex Video Tutorial :- https://youtu.be/f8Oy2mhKjnk Koinex link :- https://koinex.in/?ref=4a92d4 Zebpay Video Tuutorial :- https://youtu.be/vHdW1l57I74 Zebpay link :- http://link.zebpayy.com/ref/REFMOHI9030 Good luck guys :) Do you have questions like What is cryptocurrencies ? It is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently i.e. not in control of any bank or government. What is bitcoin? It's the first crypto currency. What is mining ? like Bitcoin mining, Ethereum mining, Dogecoin mining Mining is the process by which the transaction information distributed within the network is validated and stored on the blockchain. In exchange for validating the transactions and solving these problems, miners are rewarded for all of the transactions they process. What is blockchain? Blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. How to cloud mine or How cloud mining works? Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. How to mine crypto currencies ? like bitcoin(BTC), ethereum(ETH), litecoin(LTC), dogecoin, ripple(XRP), bitcoin cash(BCC), eth classic, monero Watch my video on this link is below :- https://youtu.be/ivLVSX_H_0w Want to earn without investment ? watch the below links :) https://youtu.be/GWSKTyRnOA4 https://youtu.be/w3mIg3g_YLY https://youtu.be/xc8QRXGqzXc Do you want to trade in crypto currienices just name it and you will find it on the below links given:) regsiter and trade with the best trading sites good luck guys binance:-https://www.binance.com/?ref=20161230 koinex :- https://koinex.in/?ref=4a92d4 zebpay :- http://link.zebpay.com/ref/REFMOHI9030 For more interesting videos please visit my channel The Crypto World. link is given below https://www.youtube.com/channel/UCq10...
Views: 171 The Crypto World
The TOP bitcoin Question Answered....
 
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Question" youre still creating wealth out of nothing. What seperates you from bernake? Answer Bernanke can create money without limit!
Views: 5861 davincij15
Bitcoin - Transaction block chains
 
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The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins. More free lessons at: http://www.khanacademy.org/video?v=QzDO44oZWtE Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
Views: 209842 Khan Academy
Bitcoin Mining Complete Guide & Tutorial (EASIEST METHOD Working 2018)
 
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Video tutorial/guide showing how to start mining Bitcoins from home super simple and easily, for beginners, or advanced users, using NiceHash. Bitcoins are a cryptocurrency, like Litecoins and Ethereum which offer an anonymous form of digital currency. This video will show you how to setup a bitcoin wallet, download and install the mining program (nicehash), link it up to your wallet using the bitcoin address, and use the optimal algorithm for mining the most bitcoins and earning the money. Mining these Bitcoins is a way to introduce new bitcoins into the world, as well as verify transactions occurring in the blockchain. You can earn bitcoins and money, by mining at home from your very own PC computer. I also include some tips which helped me mine! If you're interested in learning about EVERYTHING you need to know about security, privacy, and anonymity--check out Go Incognito, a free and in-depth course taking you from start to finish: https://www.youtube.com/playlist?list=PL3KeV6Ui_4CayDGHw64OFXEPHgXLkrtJO Techlore Website: http://www.techlore.tech My Video Equipment (Affiliate Link): https://www.amazon.com/shop/influencer20170928875 Instagram: @techlemur Discord: https://discord.gg/sdMv9Zj Minds: https://www.minds.com/Techlore DTube: https://d.tube/#!/c/techlore Telegram Channel: https://t.me/techloreofficial Telegram Group: https://t.me/joinchat/IJOwYA3mr-PoGnp7m35rmA *ATTENTION* Nicehash has updated their program and the UI is very different from this video. I made an updated video so you can all follow along. Here is the link. Use the new program with Nvidia Cards: UPDATED VIDEO: https://www.youtube.com/watch?v=XnAjCMb_uEg Coinbase Link: https://www.coinbase.com/join/5942e0b5d26ede03db311893 NiceHash Link: https://www.nicehash.com/?p=nhmintro You should mine with a powerful Graphics Card (GPU), and only on desktop computers (Not laptops). You need a bitcoin wallet like Coinbase, and you will need NiceHash. Make sure to benchmark your algorithms to get the most amount of bitcoins. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Views: 275283 Techlore
Bitcoin Mining explained in under 2 minutes
 
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http://bitclub.com - What is Bitcoin mining? Bitcoin operates as a peer to peer network, this means that everyone who uses Bitcoin as a tiny fraction of the bank of Bitcoin, but where does Bitcoin comes from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government. With Bitcoin, miners uses special software to solve math problems and are issued a certain number of Bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. And since miners are required to approve Bitcoins transactions, more miners means a more secure network. The Bitcoin network automatically changes the difficulty of the math problems, depending on how fast the BN soft in the early days, Bitcoin miners solve these math problems with the processors and their computers. Soon, miners discovered the graphics cards used for gaming for much better suited to this kind of Mac, graphics cards are faster, they use more electricity and generate a lot of heat. The first commercial Bitcoin mining products included chips that were reprogrammed for mining Bitcoin These chips were faster but still power-hungry. ASIC or "application specific integrated circuit" chips are designed specifically for bitcoin mining. Basic technology has made Bitcoin mining even faster by using less power As the popularity a Bitcoin increases, more miners joined the network, making it more difficult for individuals to solve the math problems. To overcome this, miners have developed a way to work together in pools. Pools of miners find solutions faster than the individual members and each miner is rewarded proportionate to the amount of work he or she provides. Mining is an important and integral part of Bitcoin, that ensures fairness while keeping the Bitcoin network stable, safe and secure. NEED A FREE BITCOIN WALLET ? http://bitclub.com/free *You will receive $10 of Bitcoin when making your first $100 purchase JOIN THE BITCLUB TODAY : http://bitclub.com *There is a one-time fee of $99 to position yourself in the system and win some Bitcoins when recommending it to others You can contact Steven (*Karat Master) directly at 1.567.210.0232 or at [email protected] http://karatmaster.com https://www.facebook.com/karatmaster https://twitter.com/karatmaster https://plus.google.com/+karatmaster/ https://www.instagram.com/karatmaster/ https://www.youtube.com/c/KaratMaster http://www.pinterest.com/karatmaster/ https://www.linkedin.com/in/karatmaster
Views: 687 Karat Master
How Dose Bitcoin Minning Work
 
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Created By : RedFeather @ : http://grephaxs.com This is RedFeather from Grep Haxs in this video we will be talking about how Bitcoin mining works a Bitcoin is mined in blocks in order for someone to become a Bitcoin miner they must enter into the block chain a block chain is what Bitcoin uses it is a per to per network which requires no middle man such as banks to manage any of the transactions once a block is added to the chain this block is where the equation is located that all miners are trying to solve this equation is what everyone seems to get hung up on and most Bitcoin miners for some reason can not give the answer to what the equation is but really it is quit simple to understand when a new block is created a random Hash number is created this number is a sixty four hexadecimal number in Bitcoin mining the first miner to come close to the hexadecimal hash number first solves the equation but being close must be at a lesser value it can not be over although you could get lucky and hit the hash number right on but keep in mind there are a lot of Bitcoin miners so for example you could have more than one miner answer correctly at the same time if this happens a vote then takes place and the loser of this vote is then called orphaned the Bitcoin miner that answers the equation correctly and it has been verified threw the network that all ledgers are intact the miner gets to set the new block this new block also must be verified threw the Bitcoin block chain network as it must contain the required information such as the new equation as well as the answer and all of the previous ledger information so how are new blocks created for use in the Bitcoin block chain ? Anytime someone makes makes a transaction using Bitcoin this creates a new block to be added to the chain in the creation of this new block a random new sixty four hexadecimal hash number is created and assigned as well as any necessary ledger information and possible answers the Bitcoin clock and graphs seen in this video can all be found and utilized @ http://bitcoin.com I am in no way affiliated with http://bitcoin.com they are not condoning or suggesting any of this information to be correct or not I hope you have enjoyed this video and found it useful and if so why not give this video a like and while your at it why not become a subscriber please feel free to leave a comment and if you would like to read some interesting articles then come on by our website @ http://grephaxs.com the intro/extro of this video has been provided by alexabaiu1 from his YouTube channel thank you in advance I am out
Views: 20 Grep Haxs
How secure is 256 bit security?
 
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Supplement to the cryptocurrency video: How hard is it to find a 256-bit hash just by guessing and checking? What kind of computer would that take? Cryptocurrency video: https://youtu.be/bBC-nXj3Ng4 Thread for Q&A questions: http://3b1b.co/questions Several people have commented about how 2^256 would be the maximum number of attempts, not the average. This depends on the thing being attempted. If it's guessing a private key, you are correct, but for something like guessing which input to a hash function gives a desired output (as in bitcoin mining, for example), which is the kind of thing I had in mind here, 2^256 would indeed be the average number of attempts needed, at least for a true cryptographic hash function. Think of rolling a die until you get a 6, how many rolls do you need to make, on average? Music by Vince Rubinetti: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown ------------------ 3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you're into that). If you are new to this channel and want to see more, a good place to start is this playlist: http://3b1b.co/recommended Various social media stuffs: Website: https://www.3blue1brown.com Twitter: https://twitter.com/3Blue1Brown Patreon: https://patreon.com/3blue1brown Facebook: https://www.facebook.com/3blue1brown Reddit: https://www.reddit.com/r/3Blue1Brown
Views: 950470 3Blue1Brown
Bitcoin Explained in 60 seconds
 
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You've heard of Bitcoin, but what is it and how does it actually work? Our Lucidchart video explains the basics of Bitcoin, cryptocurrency, blockchain, and mining. Bitcoin is a type of cryptocurrency, aka digital money that's decentralized. That means no single person or government controls it. There are lots of cryptocurrencies besides Bitcoin, like Ripple, Ethereum, and Dogecoin. Bitcoin was created by Satoshi Nakamoto. Nobody knows who that is. Maybe it's Al Gore? He already invented the internet. :wink: Whoever they are, they own almost a million bitcoin, worth billions of dollars. The first Bitcoin purchase was for two large pepperoni pizzas for 10,000 Bitcoin, which is now worth about $75 million. Bitcoin is a transaction recorded on the blockchain, a digital ledger. The blockchain uses super complex math to keep things secure and prevent counterfeiting. The blockchain is updated by miners. Miners race to validate every transaction by solving super complex math with their mining computers. The first miner to solve the equation updates the blockchain and is awarded 12.5 new bitcoin, worth about $90,000! Visualize Bitcoin and anything else, with Lucidchart. —— Learn more and sign up: http://www.lucidchart.com Follow us: Facebook: https://www.facebook.com/lucidchart Twitter: https://twitter.com/lucidchart Instagram: https://www.instagram.com/lucidchart LinkedIn: https://www.linkedin.com/company/lucidsoftware
Views: 215391 Lucidchart
The hardest problem on the hardest test
 
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A difficult geometry puzzle with an elegant solution. Practice more problem-solving at https://brilliant.org/3b1b Special thanks to the following patrons: http://3b1b.co/putnam-thanks Solution to the puzzle mentioned at the end: https://brilliant.org/3b1bindicator/ These videos exist thanks to Patreon: https://www.patreon.com/3blue1brown A different write-up of this solution: http://lsusmath.rickmabry.org/psisson/putnam/putnam-web.htm 1992 Putnam with this problem: http://kskedlaya.org/putnam-archive/1992.pdf A problem with a similar flavor came up on the 2005 Putnam A6. Give it a try! In the solutions for that problem, by the way, the that Calvin Lin is a friend of mine who works at Brilliant. http://kskedlaya.org/putnam-archive/2005.pdf http://kskedlaya.org/putnam-archive/2005s.pdf If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people. Music by Vincent Rubinetti: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown ------------------ 3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you're into that). If you are new to this channel and want to see more, a good place to start is this playlist: http://3b1b.co/recommended Various social media stuffs: Website: https://www.3blue1brown.com Twitter: https://twitter.com/3Blue1Brown Patreon: https://patreon.com/3blue1brown Facebook: https://www.facebook.com/3blue1brown Reddit: https://www.reddit.com/r/3Blue1Brown
Views: 3566973 3Blue1Brown
Cryptocurrency Mining with Bitclub Network
 
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Bitclub Network is one of the top 10 Mining pools you can verify on the Blockchain. Bitcoin and the underlying technology is maintained by super-computers. These computers are known as miners. To see the ‘blockchain’ live, and how these transactions are being listed by these computers you can go here: https://blockexplorer.com/ These ‘miners’ check and verify all new transactions and gets rewarded with new bitcoin for their efforts. Bitcoin miners compete to solve a complex mathematical equation and by doing so, they get rewarded with new bitcoin every 10 minutes. When the bitcoin blockchain started in 2010, miners where rewarded with 50 new bitcoin every 10 minutes. This amount halves every four years. Currently bitcoin miners receive 12,5 new bitcoin every 10 minutes as a reward to maintain the blockchain (also known as the public ledger). A list of the largest mines can be seen here: https://btc.com/ and here: https://blockchain.info/pools You will notice that listed as one of the 10 largest mines in the world, there’s one called BitClub Network. They are owned by shareholders that get rewarded whenever they create new bitcoin. Daily. To become a member, you pay a once of fee of $99 and to own a share in their mining, you can choose between $500, $1 000, $2 000 or all three, in other words $3 500. (Payable in bitcoin) The ROI is dependant on the value of bitcoin but range from 3 - 5% per month. Bitclub Team Global (My Team) Thank you for showing interest in Bitcoin and Bitclub Have a look at my Team Website, it will give you all the info you need. www.bitclubteamglobal.com Then once you are satisfied here is my link: https://bitclubnetwork.com/wernerh/signup.html
Views: 826 Werner Hattingh
Bitcoin Whiteboard Tuesday  - Bitcoin Mining and the Blockchain
 
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Today's video is all about Bitcoin mining and the blockchain. Our video tutorials are delivered in a simple and easy to understand manner even if you're totally new to Bitcoin! For the complete text guide visit: http://bit.ly/2yyEB9f Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies: http://bit.ly/2BVbxeF Get the latest news and prices on your phone: iOS - https://apple.co/2yf02LJ Android - http://bit.ly/2NrMVw2 See anything we haven't covered? Leave us a comment in the comment section below
Views: 16430 99Bitcoins
Earn Money With Bitcoins | Bitcoin Mining | Bitcoin Investment Explained
 
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Mene jese bola 3 method se App log Bitcoin Earning kar sakte ho. (You can earn bitcoin using 3 methods) 1. Bitcoin Mining You need a Laptop or Desktop with a decent Graphics card performance Best Laptop For This: http://amzn.to/2xWdySA To know more about bitcoin mining and start mining please refer the below tutorial https://www.bitcoinmining.com/getting-started/ http://www.logicalguy.club/what-is-bitcoin-how-to-earn-money-from-bitcoin/ 2. Bitcoin Investment If you are From India just download Zebpay from Android Playstore or Apple store For US/UK/Singapore you can use Coinbase For others you can use XAPO 3. Earn bitcoin using Mobile App Bitmaker is the best mobile app to earn bitcoins. But to store your Bitcoins you need a wallet for that you can use Zebpay or Coinbase wallet. Bitmaker Link: https://goo.gl/U4c1GJ Just give the referral code "C7R1N8" to receive instant 6000 bonus points. Free Bitcoin App: http://clkmein.com/q6we2H *********************************************** What is Bitcoin? Bitcoin is a virtual (digital) currency commonly known as crypto currency. They have no physical presence rather Bitcoin can only be hold electronically through a Bitcoin wallet only. No one has any control or there is no Bitcoin control authority rather they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. 21 million Bitcoin will ever be created. The fact that Bitcoin is a currency with a limited supply is the reason why it's called a deflationary currency. How Does Bitcoin Work? Every Bitcoin Transaction has a block chain. A block chain is a ledger that keeps records of digital transactions. Instead of having a central administrator, like a bank or the government, block chain organizes data in batches called blocks. These data batches use cryptographic validation to link themselves together. In other words, each block identifies and references the previous block by a hash value (Hash function - Wikipedia), forming an unbroken chain. Block chain solves two of the most challenging problems of digital transactions (There is a 'game changer' technology on Wall Street and people keep confusing it with Bitcoin): controlling the information and avoiding duplication. When a purchase is carried out, the ledger records it and sends it out to the entire network. Computers all over the world then compete to confirm the operation by solving complex math equations. The first to figure out the answer and validate the block receives a reward in bit coins (this process is called mining.) The validated block is time stamped and added to a chain in chronological order. The entire chain is continually updated so that it’s always an accurate representation of who owns what at any given time. Who created it? A software developer called Satoshi Nakamoto proposed Bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. What are the advantages of Bitcoin? It’s completely anonymous and untraceable No setup or Bank account required only you need a bit coin wallet. No Transaction Fee Reference1: https://arstechnica.com/information-technology/2016/11/what-is-blockchain/ Reference2: https://www.quora.com/What-is-Bitcoin-and-how-does-it-work-Is-it-legal-Whos-behind-it Reference3: https://en.wikipedia.org/wiki/Bitcoin Agar kuch b Doubt he Please Comment Below *********************************************** Please LIKE , SHARE This Video and Subscribe LogicalGuy(http://youtube.com/logicalguy) Like Us on FB: http://facebook.com/logicalguy.club Connect With Me Facebook: http://facebook.com/debasis.iux Twitter: http://twitter.com/debasis.nyk Instagram: http://instagram.com/debasisnayak1993 *********************************************** My Mic (For DSLR/Laptop/Phone): https://goo.gl/CZFCPd My camera (Canon 75OD): https://goo.gl/VkyYwG My Laptop: https://goo.gl/FFiFuW My Phone (MI 4): https://goo.gl/9FeHHy My Video Editing Software: Filmora, Camtasia, Videoscribe My Audio Software: Audacity *********************************************** Music Credits: Flying High: Song Fredji - Flying High (Vlog No Copyright Music) Music provided by Vlog No Copyright Music. Video Link https://youtu.be/ueOi5slIU2E *********************************************** Youtube Copyright Policy: Copyright Disclaimer Under Section 107 of the Copyright Act 1976, Allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
Views: 217 Logical Guy
New Bitcoin Mining Free 125 GHz Withdraw 0.0004 BTC
 
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Link: http://bit.ly/2unrEgj http://bit.ly/2zylG18 Secure and Best Way To Earn Bitcoin | Trust sites 2018 Get Started Today With Bitcoin Open account for free and start mining Bitcoins! Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation. They are also rewarded network fees for when they harvest new coin and a time when the last bitcoin is found mining will continue
Views: 1407 BRV-Dragon
How To Start Bitcoin Mining Today
 
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How To Start Bitcoin Mining Today Learn here how to get started with Bitcoin Mining in 2018: www.joinbitcoinsyndicate.com If you think that it's too late to start Bitcoin Mining today, think again. Those people who claim that it's too late, are just those who don't want to share their knowledge with you. In this video, I quickly about what Bitcoin Mining is and how you can build your very own Bitcoin Mining Farm. You don't need to be a tech geek or super smart. No, all you need is the hardware and the knowledge how to set things up. It is really not that hard. When I can do it, you can do it, too. Just watch my video and then follow this step-by-step guide and you are all set: www.joinbitcoinsyndicate.com What is Bitcoin, you might ask? Well, it is an online currency that is not controlled by any state or bank. People can create Bitcoin by solving complex math equations. Luckily, computers can do this for you. You don't need to know any math, really! ;) The evolution of Bitcoin is crazy! The value of Bitcoin started around a few dollars each. Now, a Bitcoin can be worth many thousands of dollars. Imagine if you had bought 100 Bitcoin when all this started! You would be a multi-millionaire now! While this is not as easy now as it once was, it is not too late to get into Bitcoin now. Buying and trading Bitcoin can be very risky. The course of Bitcoin goes up and down all the time. But when you mine Bitcoin, you eliminate those risks. You WILL create Bitcoin slowly but steady and you can sell them whenever you want and you make a profit. You don't need to spend thousands of dollars to buy Bitcoin. No, you just pay for the hardware and the electricity costs. The Bitcoin will come to you automatically, then. Don't miss out on this chance. The earlier you start the better!
Views: 37 Money Scoop
3  Bitcoin Mining for Beginners
 
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Start earning Bitcoin and other Crypto currencies with Sayed Hussein Kadiri through the worlds largest Altcoin miner : https://suhaylpatel.swissgoldglobal.com/en/products?fmid=590060896 Join me on Facebook : https://www.facebook.com/sayed.h.kadiri Join Coinbase and get a $10 bonus : https://www.coinbase.com/join/581141ea07617063e108a3e5 Buy Bitcoin at the best rates : https://localbitcoins.com/?ch=a8q7 Bitcoin wallet with GBP/USD/EUR debit card : https://spectrocoin.com/en/signup.html?referralId=3340895895 Mission Swiss Gold Global exists to awaken individuals to their full potential, through the accumulation of real wealth, the development of financial independence, the experience of a supportive community, and the promotion of personal growth. Our ultimate objective is for you to "Own Your Life." WHAT IS BITCOIN? Bitcoin is a digital currency that brought its underlying blockchain technology to the world. The reason that we and so many others think it is so remarkable is that this digital money is not controlled by any central authority that can fail or be banned from taking part in the global money remittance network. The Bitcoin network is completely decentralized and the currency is produced by a community that anyone can freely join. Because Bitcoin is produced and held digitally, it can be transferred almost freely and instantly, no matter the transaction amount. Bitcoins are created by miners that us open source software to solve mathematical problems. There will only be 21 million Bitcoins that can ever be mined and thus it is a deflationary good unlike money produced by central banks in arbitrary amounts. Right now, almost 18 million units are created. One Bitcoin can be divided into 10 million pieces. WHAT IS MINING? The act of mining creates Bitcoin and many other digital currencies. The members of the network provide their computational power for calculating mathematical problems, and for this effort they are rewarded with currency units. In the Bitcoin network, there is a daily global reward of 1,800 Bitcoins distributed to the miners. However, the more people that are mining, the more competitive it gets. Computers are good at solving equations, so the networks create more difficult problems by the minute. There are already numerous types of specialised hardware on the market that have been designed specifically for digital currency mining. Thanks to our great strategic partnership we get a better price than any other mining Companies as our Partner is buying the hardware on large scale with better prices. Low maintenance costs, cheap electricity and little or no need of cooling and mining farms all over the globe makes us very compatible. Swiss gold Global Auvesta Legacy Gold Legacy Gold Preview Bullion By Post Bullion By Post Review Karat bars Karatbars Scam Karat bars Review Karatpay Swiss Golden Scam Global Intergold Scam Goldmoney Goldmoney Review Goldmoney Scam David Seaman Andrewmurraytv Gregory Mannarino Greg Hunter Eagle Aurum Eagle Aurum Review International Silver Network ISN Genesis Mining Hash Flare Bitmain Antminer Coinspace Coinomia Trade Coin Club Scam Trade Coin Club Review TCC Bitclub Network BCN Unocoin Coinbase Dragon Mining Galaxy Mining Gainbitcoin Gladiacoin Dascoin Dollar Vigilante Jeff Berwick Simon Black Sovereign Man John Crestani Regal Assets Regal Assets Scam MrFermanaghman Prepper Prepper USA Prepper UK Canadian Prepper Peter Schiff Mike Maloney Gold Silver Gold Bullion Silver Bullion How to earn Bitcoin Free & Easy Free Bitcoins HOW TO GET BITCOINS FAST AND FREE 2017 Easy cash Code Review The Best Way to Get Bitcoin 2017 Earn Bitcoin 2017 Elite Earners Club EEC Traffic Hurricane MPA MPCA Litecoin Dash Ethereum Bitcoin Mining Crypto Currency Scotcoin Xem Nem Ripple The Common Sense Show Paul Martin Jericho Steve Quayle Dave Hodges
Views: 37 Sayed Kadiri
How to Find and Remove a Hidden Miner Virus on Your PC 🐛🛡️🖥️
 
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👍 Watch how to remove a hidden Bitcoin mining virus from your computer. If you noticed that your computer – while you’re not using it - still behaves as if it works on a complicated task, or if it becomes very slow when dealing even with simple office routine, it could be a mining virus working inside your system. Accidental deleting of files, formatting the hard disk, a virus attack, an operating system failure or file system failure — these are only a few problems that can be solved with programs by Hetman Software: https://hetmanrecovery.com/. Content: The danger of a mining virus; How to detect a virus; How to remove the mining virus; Do it with AnVir Task Manager; https://www.youtube.com/watch?v=P_WuEAg6iFU - How to Mine Bitcoin and Which Wallets to Use, or Bitcoin, Mining and Wallets; https://www.virustotal.com/#/home/upload - VirusTotal; https://www.aida64.com/downloads - AIDA; https://www.anvir.net - AnVir Task Manager; https://processhacker.sourceforge.io - Process hacker; https://free.drweb.com/cureit?lng=en - Dr.Web Cureit; That is all for now. Hit the Like button and subscribe to our channel. Leave comments to ask questions. Thank you for watching. Good luck. Other videos: #Antivirus, #MinerVirus, #Windows10, #RemoveVirus.
Views: 332 Hetman Recovery
Free Earn Bitcoin 0.8 and 0.5 without invesment 2 Sites solve problem
 
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1 http://ceesty.com/q23lE8 2 http://gestyy.com/q4qxDn
What is Bitcoin Mining? (In Plain English)
 
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As part of our Bitcoin Whiteboard Tuesday series, we've just upgraded our Bitcoin mining video to cover many topics and become even simpler to understand. For the complete text guide visit: http://bit.ly/2ya2CmP Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies: http://bit.ly/2BVbxeF Get the latest news and prices on your phone: iOS - https://apple.co/2yf02LJ Android - http://bit.ly/2NrMVw2 See anything we haven't covered? Leave us a comment in the comment section below
Views: 20900 99Bitcoins
Visionman Prospector 200 GH/s  Bitcoin Miner     Visionman-btc.com
 
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Prospector 200 GH/s Bitcoin mining rig. Respectfully accepting BTC donations for our Videographer's college fund. 13gLutj35TR8kcUDCRGMsYHq17vtNZTRuQ The Bitcoin is the #1 digital currency in the world. It is created by mining machines, like the Prospector, that solve sophisticated mathematical problems, called algorithms. Think of it as a supercomputer, that rapidly solves, or hashes, the Bitcoin equations, called blocks, and creates Bitcoins for you. I will speak in more detail about the benefits of the Bitcoin in the next detailed instructional video where we will set up and use the Prospector 200. This prototype unit is stand alone and will operate on a 1000 Watt ATX power supply. It is shown with the former 850 Watt power supply, which is not used currently. We will have a 320 GH/s and 1.2 TH/s model available soon. All units come with a 1 year manufacturer warranty. Replacement and repair within the 1-year warranty period are covered. These units are available now. We do not take pre-orders. We will ship all units to you direct or arrange a pick up at our facility in Silicon Valley, California, USA. We will never take deposits from you and make you wait for our batches to arrive while you agonize over missed mining time. We are not that company. Visionman has been manufacturing computers and servers for over 15 years and is a member of the Better Business Bureau of Silicon Valley. Visit us at www.visionman-btc.com For sales - call 415-748-9739 email - [email protected] Specifications 200Gh/s (gigahash per second) Bitcoin Mining System 1000 Watt Power Supply Operates at 110v or 220v Current: 5A at 220v/10A at 110v Consumes 2.5W per Gigahash 55nm Avalon2 ASIC-based solution 160 ASICs on two carrier boards 1.2Gh/s Avalon ASIC A3255-Q48 Chips Designed for Stand Alone operation Raspberry Pi controller board running special Linux kernel Embedded CGminer Utility, just enter the Prospector's IP address into your web browser to configure the system Dimensions: 17" x 6.25" x 17" Weight: 17kg/37.5lbs Shipping and Warranty Info Shipping from our Hong Kong facility is $200 per unit. Free local pickup is also available by request at our office in Santa Clara, California. Due to the highly-specialized nature of these machines, they are non-cancellable and non-returnable. Visionman provides a one year parts and labor warranty from Santa Clara for these machines.
Views: 2803 jean blue
Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
 
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Bitcoin explained from the viewpoint of inventing your own cryptocurrency. Videos like these made possible by patreon: https://patreon.com/3blue1brown Protocol Labs: https://protocol.ai/ Interested in contributing? https://protocol.ai/join/ Special thanks to the following patrons: http://3b1b.co/btc-thanks Some people have asked if this channel accepts contributions in cryptocurrency form as an alternative to Patreon. As you might guess, the answer is yes :). Here are the relevant addresses: ETH: 0x88Fd7a2e9e0E616a5610B8BE5d5090DC6Bd55c25 BTC: 1DV4dhXEVhGELmDnRppADyMcyZgGHnCNJ BCH: qrr82t07zzq5uqgek422s8wwf953jj25c53lqctlnw LTC: LNPY2HEWv8igGckwKrYPbh9yD28XH3sm32 Supplement video: https://youtu.be/S9JGmA5_unY Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti/heartbeat Here are a few other resources I'd recommend: Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf Block explorer: https://blockexplorer.com/ Blog post by Michael Nielsen: https://goo.gl/BW1RV3 (This is particularly good for understanding the details of what transactions look like, which is something this video did not cover) Video by CuriousInventor: https://youtu.be/Lx9zgZCMqXE Video by Anders Brownworth: https://youtu.be/_160oMzblY8 Ethereum white paper: https://goo.gl/XXZddT If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people. Music by Vince Rubinetti: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown ------------------ 3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you're into that). If you are new to this channel and want to see more, a good place to start is this playlist: http://3b1b.co/recommended Various social media stuffs: Website: https://www.3blue1brown.com Twitter: https://twitter.com/3Blue1Brown Patreon: https://patreon.com/3blue1brown Facebook: https://www.facebook.com/3blue1brown Reddit: https://www.reddit.com/r/3Blue1Brown
Views: 2384561 3Blue1Brown
Bitcoin and cryptocurrency mining explained
 
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https://www.udemy.com/blockchain-for-business-the-new-industrial-revolution/?couponCode=YOUTUBE Bitcoin and cryptocurrency mining explained with the the Byzantine Generals Problem. The Byzantine Generals problem was first introduced in a computer science paper published in 1982. The problem discussed in the paper is that reliable computer systems must be able to function effectively in the presence of faulty components that may send conflicting information to different parts of the system. This issue is even more acute when we talk about decentralized computer networks. Imagine the following thought experiment: The Byzantine army has surrounded an enemy city. The army is organized into several units. Each unit is commanded by a general and they all need to come up with a coordinated plan of action. However, they are located away from each other and the only means to communicate among themselves is via messages. To make things more complicated, one or more of the generals are possibly traitors. The presence of disloyal generals means that misleading messages could be sent aiming to disrupt any coordinated plan of action, be it attack or retreat. To find a successful solution to this conundrum, the Byzantine army needs to find its path to coordinated action, one way or another. To achieve this, the Byzantine army needs an algorithm that works effectively towards a coordinated outcome where the loyal generals follow it and the traitors don’t. Now that you are familiar with the problem, let’s see its solution. It is called the Byzantine Fault Tolerance algorithm. Over the years, there have been several proposed theoretical solutions involving game theory and math. The first practical implementation of Byzantine Fault Tolerance algorithm came with the Bitcoin’s Proof-of-Work. In this case the “generals” are nodes on the Bitcoin network, also known as “miners”. A network node is a connection point that can receive, create, store and send data across a network. In other words, nodes are the connected dots that make up a network. To simplify, think of it in the following way. In the image we traditionally use to depict a blockchain, every single computer is a separate node. They are all connected and can receive, create, store, and send data to each other. In the context of the Byzantine Fault Tolerance algorithm, the important concept to grasp is that these mining nodes start from the assumption that nobody else on the network can be trusted. Proof-of-Work secures network consensus even in the presence of non-compliant nodes. That is, even if there are some Byzantine generals who are not acting in the army’s best interest, coordinated action can still be achieved. Let’s see how this mechanism works in Bitcoin. As we all know by now, Bitcoin is a peer-to-peer network where all activities are done by its users through appropriate software and hardware. These activities include making transactions, receiving transactions, and verifying and transmitting transactions. Now, this is where we need to introduce the concept of “mining”, which many of you have probably heard. Mining is an activity, carried out by network participants, which involves Proof-of-Work and results in generating new coins as a reward for the miner who successfully did this Proof-of-Work first for each new block. On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 11610 365 Careers
Bitcoin - Cryptographic hash function
 
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What cryptographic hash functions are and what properties are desired of them. More free lessons at: http://www.khanacademy.org/video?v=0WiTaBI82Mc Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at Sourcefire. He received his Ph.D. in computer science from MIT.
Views: 220248 Khan Academy
4  Swiss Gold Global   Bitcoin Mining Risk & Return Suhayl Patel
 
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Quick explanation of Bitcoin Start earning Bitcoin and other crypto currencies with Suhayl Patel through the world’s largest Altcoin miner: https://suhaylpatel.swissgoldglobal.com/en/products?fmid=590060658 Join me on Facebook: https://www.facebook.com/suhaylpatelmarketing Join Coinbase and get a $10 bonus: https://www.coinbase.com/join/56c82194dd127d1bdd0002ac Buy Bitcoin at the best rates: https://localbitcoins.com/?ch=8l0x Bitcoin wallet with GBP/USD/EUR debit card: https://spectrocoin.com/en/signup.html?referralId=3826273616 Swiss Gold Global exists to awaken individuals to their full potential, through the accumulation of real wealth, the development of financial independence, the experience of a supportive community, and the promotion of personal growth. Our ultimate objective is for you to "Own Your Life." WHAT IS BITCOIN? Bitcoin is a digital currency that brought its underlying blockchain technology to the world. The reason that we and so many others think it is so remarkable is that this digital money is not controlled by any central authority that can fail or be banned from taking part in the global money remittance network. The Bitcoin network is completely decentralized and the currency is produced by a community that anyone can freely join. Because Bitcoin is produced and held digitally, it can be transferred almost freely and instantly, no matter the transaction amount. Bitcoins are created by miners that us open source software to solve mathematical problems. There will only be 21 million Bitcoins that can ever be mined and thus it is a deflationary good unlike money produced by central banks in arbitrary amounts. Right now, almost 18 million units are created. One Bitcoin can be divided into 10 million pieces. WHAT IS MINING? The act of mining creates Bitcoin and many other digital currencies. The members of the network provide their computational power for calculating mathematical problems, and for this effort they are rewarded with currency units. In the Bitcoin network, there is a daily global reward of 1,800 Bitcoins distributed to the miners. However, the more people that are mining, the more competitive it gets. Computers are good at solving equations, so the networks create more difficult problems by the minute. There are already numerous types of specialised hardware on the market that have been designed specifically for digital currency mining. Thanks to our great strategic partnership we get a better price than any other mining Companies as our Partner is buying the hardware on large scale with better prices. Low maintenance costs, cheap electricity and little or no need of cooling and mining farms all over the globe makes us very compatible. KEY WORDS Swiss gold Global Auvesta Legacy Gold Legacy Gold Preview Bullion By Post Bullion By Post Review Karatbars Karatbars Scam Karat bars Review Karatpay Swiss Golden Scam Global Intergold Scam Goldmoney Goldmoney Review Goldmoney Scam David Seaman Andrewmurraytv Gregory Mannarino Greg Hunter Eagle Aurum Eagle Aurum Review International Silver Network ISN Genesis Mining HashFlare Bitmain Antminer Coinspace Coinomia Trade Coin Club Scam Trade Coin Club Review TCC Bitclub Network BCN Unocoin Coinbase Dragon Mining Galaxy Mining Gainbitcoin Gladiacoin Dascoin Dollar Vigilante Jeff Berwick Simon Black Sovereign Man
Views: 122 suhayl patel
19 terminologies You must KNOW About Cryptocurrency | Beginners Guide
 
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------------------------------------- Welcome to 100% Working------------------------------------- Facebook: https://www.facebook.com/100pWorking/ Twitter: https://twitter.com/100pworking YouTube: https://www.youtube.com/100working Blog: https://100pworking.blogspot.com Google+: https://plus.google.com/u/0/b/108114053278892774365/108114053278892774365 1. Exchange 2. Limit order / limit buy / limit sell 3. Sell wall / buy wall Using a depth chart, traders can see the current limit buy and sell points. The graphical representation on the depth chart looks like 4. ICO 5. Market Cap The total value held in a crypto-currency. It is calculated by multiplying the total supply of coins by the current price of an individual unit. This site shows a great run-down of each coin’s market cap: http://coincap.io/ 6. blockchain The classification of technology that Ethereum falls into. Blockchains are distributed ledgers, secured by cryptography. They are essentially public databases that everyone can access and read, but the data can only be updated by the data owners. Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide. More detailed information available at: https://en.wikipedia.org/wiki/Blockchain 7. Mining The process of trying to ‘solve’ the next block. It requires obscene amounts of computer processing power to do effectively, but is rewarded with ether. 8. Mining rig A computer especially designed for processing proof-of-work blockchains, like Ethereum. They often consist of multiple high-end graphic processors (GPUs) to maximize their processing power. 9. software wallet Storage for crypto-currency that exists purely as software files on a computer. Software wallets can be generated for free from a variety of sources. MyEtherWallet (MEW) is one of the popular. (more on MEW below) 10. hardware wallet A device that can securely store crypto-currency. Hardware wallets are often regarded as the most secure way to hold crypto-currency. 11. cold storage The process of moving crypto-currency ‘offline’, as a way of safekeeping your crypto-currency from hacking. There are a variety of ways to do this, but some methods most commonly used: —Printing out the QR code of a software wallet and storing it somewhere safe, such as a safety deposit box. —Moving the files of a software wallet onto a USB drive and storing it somewhere safe. —Using a hardware wallet. 12. Hodl Long ago, someone on a bitcoin forum got drunk and made a post with this typo in the 13. ASIC/ASIC Miner ASIC mining is a crafty method of mining various coins at a much faster rate than any normal desktop or laptop might allow. Essentially what an ASIC, or Application Specific Integrated Circuit is, is a chip specifically created to execute one task. Enter ASIC mining. An example of one such model is an ASIC miner created to ONLY process SHA-256, which is the problem offered by the Bitcoin blockchain to mine new coins. There are also ASIC’s for scrypt which specifically solves the mathematical code in relation to altcoins such as Litecoin. Though, in recent years there has been a good amount of dialogue surrounding the longevity of mining this way and we’ve even seen coins making it so that it’s impossible to mine with an ASIC. 14. Block Blocks are essentially pages in a ledger or record keeping book. Blocks are the files where unalterable data related to the network is permanently stored. Forever. Like eternity. 16. Block Height Block height is the number of blocks preceding the genesis block (first block) on the chain. A genesis block will always have a height of zero because nothing precedes it. It’s a metric used to create a bearing on time in the programming world as well as a few other functions such as maintaining counter-party and betting in the crypto world. Considering that a new Bitcoin block is made every 10 minutes, you can work out certain time related pieces of information if you have the total length of the chain. 17. Block Reward Block reward is the reward allotted for hashing, or solving the mathematical equation related to a block. The reward for mining a Bitcoin block is 25 bitcoins per block mined, which will halve every 210,000 blocks! 18. Hashrate Hashrate is the speed at which a block is discovered and the rate at which the related math problem is solved. Certain tools have been created to allow for higher hashrates. See ASIC. Difficulty
What Is Bitcoin
 
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Created By : RedFeather @ : http://grephaxs.com This is RedFeather from Grep Haxs in this video we will be talking about what Bitcoin is and a little bit about how it functions this video is intended for the beginner and the novice Bitcoin miner Bitcoin is a cryptocurrency it is very competitive because of the amount of miners and block chains created once a Bitcoin is mined and verified it can be exchanged for other currency or used as the currency to purchase goods from merchants that except Bitcoin as a currency Bitcoin is run in a block-chain where everyone is trying to solve mathematical equations thus they are called miners using numeric hash-tag techniques once an equation is solved and verified the Bitcoin and all proceeds are awarded to the miners Bitcoin account so what is all the big excitement about Bitcoin well pretty much in a nut shell think of it as the new gold rush with a fast track to entrepreneurship and a bit of Bitcoin fever Bitcoin still is in its infancy stages and is growing and being further developed and defined it is like new territory no man or woman has seen before over the past year Bitcoin value has soared to sites unimaginable to any currency forecaster dropping the jaws of many and peaking the interest for new comers to become miners or merchants to except Bitcoin as a good means of currency there are some advantages to using Bitcoin first off it is open source meaning you can see all of the source code this allows everyone to take part in accountability especially from a developer or programmers standpoint while looking under the hood each minor has a ledger and each ledger must match the other ledger giving Bitcoin stability threw open source and extra security threw the ledger system all of the information is transparent without releasing any of your private DATA occasionally there could be some fees involved with Bitcoin but these fees are very low also the risk for merchants to use Bitcoin is very low there are also some disadvantages to Bitcoin some say the biggest one is the mere fact of the lack of knowledge about Bitcoin either from the merchants side or an end user side as I explained earlier in this video the control and oversight comes from user and open source as well as transparency no organization or government agencies like banks control Bitcoin although there are certain stipulations different countries have implemented concerning the use of Bitcoin within there country or region the worst being an all out ban to the least being minor taxation well this should have been enough to peak your interest so please be prepared as we bring more videos about Bitcoin uses and functionality our next video will be How Bitcoin Mining Works I hope you have enjoyed this video and found it useful and if so why not give this video a like and while your at it why not take moment and become a subscriber feel free to leave a comment if you feel like reading some good articles come on by our website @ http://grephaxs.com the intro/extro of this video has been provided by alexabaiu1 from his YouTube channel thank you in advance I am out
Views: 20 Grep Haxs
BillionexPro Mining - Hash Power
 
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Crypto-Mining A tremendously profitable business In order to validate the transactions of various crypto-currencies, a number of complex mathematical equations are solved to arrange them in the Blocks and the people who do that are paid in respective crypto-currencies they are validating, making crypto-mining a money-making effort. We give to you Hash Power and execute mining on your behalf. We have established a range of mining set-ups, replete with requisite and the most advantageous infrastructure. We delve deep into identifying and understanding an emerging trend in the crypto-arena and come up with the best of profits for you through mining. Buy your Hash Power Now !! www.billionexpro.com
Views: 1152 BillionexPRO OFFICIAL
How Bitcoins Work? | 1MinuteDoc
 
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A bitcoin is a crypto currency, a sequence of digital numbers. You can exchange bitcoins with software called a bitcoin client. The value of a bitcoin derives from the faith that people have in the currency and what they can procure with it. The bitcoin system is a so called peer-to-peer system, meaning that transactions take place directly between two accounts without the interference of a bank or government. But who controls the system? Well... the bitcoin users do. They can validate transactions by solving mathematical equations. These mathematical formulas follow the path bitcoins took through the system by comparing ledgers, transaction amounts and transaction dates. This is called bitcoin mining. These formulas go in batches. So when a batch is solved, which takes lots of computer capacity, miners can receive a bitcoin.
Views: 213 1MinuteDoc
Vista Network's Mini Miner Review
 
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Vista Network's Mini Miner Review CLICK HERE TO SIGNUP FOR FREE: https://goo.gl/kTP538 CLICK HERE TO READ MORE: https://goo.gl/YWdFfL Vista Network has methodically watched the errors of other companies in the Crypto space that have recently fell (if you don’t know who these companies are, trust me, it’s an easy Google Search). Vista has covered the landscape and saw there is a huge opportunity for bringing a source of income to the everyday person and get them involved with Cryptocurrency, in possibly one of the easiest ways to date. And this will be done through… Mining. Mining is basically using custom built computers to solve mathematical equations and in return, you receive a small portion of Cryptocurrency. You can also use these computers to help facilitate transactions on the Blockchain, when someone wants their Bitcoin to move from Point A to Point B, your computer would do this task, and you would receive a small portion of Cryptocurrency for doing so. These computers run 24/7, completing these tasks nonstop. So you can imagine how this builds up over time. Introducing the Vista Mini-Miner. Years in the making, the Vista Mini Miner is a breakthrough in technology. In 2015, we successfully developed a hardware and software solution suited for home mining. The miner’s excellent cost to performance ratio and stability have won high accolades and recognition. Vista is now offering the Vista Mini Miner through a limited time pre-sale. Only slightly larger than a modern smart phone, Vista has created a first in its class mining appliance called the Vista Mini-Miner. Its portability, low-energy profile, and affordability make it a solution for the masses to benefit from mining cryptocurrencies. The Mini-Miner employs a proprietary CPU-based approach that maximizes the Hash Power from the device and combines that with the Hash Power from millions of other similar devices to perform the intense computational work of crypto mining. Think of each Mini-Miner as a small ‘worker’ who’s output is combined with the effort of a million other workers and what’s created is a mining powerhouse. Individually, these Mini-Miners don’t produce much output in the way of mining, but when combined with other workers on a large scale... the "sum of the parts become greater than the whole". To build out your own mining rig, a suitable one, will run you at least $2,500 and the cost is steadily rising due to supply and demand. However, the Mini Miner is only going to cost you $1495. If you have signed up for the free membership already, you'll have the opportunity to purchase for $995, but this will be LIMITED TIME OFFER, so be sure to signup for your free account unless you want to purchase at the public pricing. https://goo.gl/SzMjyR
New (2018)LEGIT SITE low minimum withdrawal 0.0004
 
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Link:[url=https://grhash.com/?ref=5b4b244f80cb3][img]https://grhash.com/images/banner.png[/img][/url] .Secure and Best Way To Earn Bitcoin | Trust sites 2018 Get Started Today With Bitcoin Open account for free and start mining Bitcoins! Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation. They are also rewarded network fees for when they harvest new coin and a time when the last bitcoin is found mining will continue.
Views: 36 SPOT LivesUPDATES
How Does Monero Work?
 
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Monero is a cryptocurrency that enables private transactions. That means the sender, receiver, and transaction amount are not publicly viewable, unlike Bitcoin's blockchain. Monero's transactions stay private using the technology of ring signatures, ringCT, stealth addresses, and I2P routing. I'll explain how all of this works in this video. I do not condone the use of this technology for illegal transactions. This is powerful stuff, ideally, we start using this as a stepping stone towards a world where we get paid for our transactional data (and all the rest of our data). You'll find the jupyter notebook for this video and the associated code that I demo in the github link below. Code for this video: https://github.com/llSourcell/how_does_monero_work More learning resources: https://getmonero.org/ https://github.com/monero-project/monero https://www.monero.how/tutorial-how-to-use-the-monero-gui-wallet https://www.monero.how/tutorial-how-to-mine-monero https://99bitcoins.com/beginners-guide-to-monero/ Please Subscribe! And like. And comment. That's what keeps me going. Want more inspiration & education? Connect with me: Twitter: https://twitter.com/sirajraval Facebook: https://www.facebook.com/sirajology Instagram: https://www.instagram.com/sirajraval/ Join us in the Wizards Slack channel: http://wizards.herokuapp.com/ And please support me on Patreon: https://www.patreon.com/user?u=3191693 Signup for my newsletter for exciting updates in the field of AI: https://goo.gl/FZzJ5w
Views: 72712 Siraj Raval
4 Ways To Make Money With Bitcoin - Cryptocurrency Income
 
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👉 👉 👉 https://goo.gl/5D3Ns2 4 Ways To Make Money With Bitcoin Looking for ways to make money with Bitcoin? You're on the right video because I will show you 4 ways to make money with Bitcoin! Don't forget that you can access a FREE training on how to get started with Bitcoin here: https://goo.gl/5D3Ns2 Watch the REPLAY here: https://www.youtube.com/watch?v=vler963wZis&feature=youtu.be or https://youtu.be/vler963wZis Bitcoin is a digital currency that can't be touched physically. It is taking the world by storm and more places are accepting this encrypted method of transferring funds by eliminating the middleman: the bank! The first time I heard about Bitcoin, it was $0.75USD. At the time of me writing this, its value is now at $8,713.70USD. You don't need to buy a whole Bitcoin to own some, so it is possible to get fractions of it. Once you own some, there are 4 ways to make money with Bitcoin! 1 - Buying and Holding To buy Bitcoin, you need to setup a digital wallet so you can store it. You will then get a send and receive address, and that is how transfers between one party to another are done. So when buying Bitcoin, you will submit your receive address during the transaction and that's where you will be receiving your funds! While it sits in your wallet, the value of Bitcoin will most of the time go up and the amount you originally bought for will increase in value. And that's 1 of the 4 ways to make money with Bitcoin! 2 - Trading Bitcoin In the cryptocurrency market, there are alt coins other than Bitcoin that you can also buy. If you know what you're doing, you can exchange funds between coins and make money when the value of another coin goes up, to then cover it back to Bitcoin. That's another of the 4 ways to make money with Bitcoin! 3 - Opportunities There are many opportunities online to make money and some came out with ways to get paid in Bitcoin! Have to be careful with that because many are ponzis. If you can't check transactions from the company on the Blockchain (digital ledge where transactions are processed) it's most likely one! 4 - Mining A favorite in the cryptocurrency space is mining, which consists of participating in the solving process of very complex mathematical equations in the peer to peer network when Bitcoin is being transferred from one place to another. When transactions are confirmed and equations are solved, a miner gets a fraction of the Bitcoin and that's how it gets collected and earned! To do that, really high-performance computers have to be involved and most people that buy them want to do it in places where electricity costs and temperatures are low. You can participate in pool mining where you don't need to manage and maintain machines, so you leverage off of a company that does it at a large scale, and that's exactly how I passively earn some daily, that's the last of the 4 ways to make money with Bitcoin! Don't forget, you can get access to a FREE training on how to get started with Bitcoin here now: https://goo.gl/5D3Ns2 4 Ways To Make Money With Bitcoin video map: 0:43 - Buying & Holding 1:17 - Trade Bitcoin 2:35 - Bitcoin Opportunities 4:44 - Mining Bitcoin That's it for my 4 Ways To Make Money With Bitcoin video! If you have any questions, post them below or message me on Facebook by going here: http://fb.com/messages/t/billy.inelus
Views: 19 BITCOIN LIFT OFF
How Bitcoins Are Created?
 
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https://usethecoins.com/how-are-bitcoins-created/ For the creation of this new virtual currency, an open source program connects the peers along a network built specifically for this purpose. Unlike most currencies, Bitcoin is not dependent on trust in any centralized issuer; instead it is ruled by an encrypted complex mathematic algorithm which is the main building block of  the protocol. Bitcoin uses a distributed database spread across nodes of this peer-to-peer network to record transactions, and uses encryption to provide basic security functions, such as ensuring ownership, and avoiding double spending. Basically, all bitcoin transactions are recorded on a giant ledger shared by all the network users. When someone uses bitcoin to pay for something or get paid, the executed transaction is recorded on this public ledger. The machines running the bitcoin protocol algorithm then compete to confirm the transaction by solving complex mathematical equations, and once a block is processed the machines running it are rewarded for their effort. This process is widely known as Mining.
Views: 33 Hari Nanubala
80 Percent of the Total Bitcoin Supply Have Now Been Mined
 
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This weekend marks a milestone for bitcoin as 80 percent of the currency has now been mined into circulation, this means there’s only 20 percent left to mine.. Satoshi Nakamoto’s protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain.. THERE ARE ONLY 4[DOT]2 MILLION BITCOINS LEFT TO MINE. So far on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire.. When Satoshi Nakamoto introduced the bitcoin protocol to the public by launching the codebase in 2009, the cryptocurrency came with a capped supply. The supply will never be increased and Nakamoto set the number to 21 million bitcoins ever to be found. . So far the creator’s plan and miners securing the network have successfully secured this rule from changing with hashpower. . Theoretically, however, skeptics believe there could be a way to increase the supply through manipulative tactics such as a 51 percent or Sybil attack. As the digital asset’s life approaches a decade no one has been able to break the rules of 21 million supply cap.. SOLVING THE GENERAL’S PROBLEM. This has given individuals reason to believe that Satoshi solved one of the hardest computational equations, the Byzantine General’s problem, a security flaw that had plagued computer scientists for decades.. Essentially the problem exists with distributed networks as the issue brings certain faults or security flaws making it easy to attack. This, in turn, makes it hard for protocols to prove something because there is an unsolvability proof within the network.. With Satoshi’s Proof-of-Work in the original bitcoin protocol, the economic measure makes it difficult to attack by making threats to the network costly, and time-consuming.. For the first time ever in the world of digital computing, Satoshi introduced an asset that couldn’t be copied or double spent. And at the same time, he limited the supply which also introduced digital scarcity like no other technology before it.. DIGITAL SCARCITY AND THE NEXT HALVING. Because there are only 21 million bitcoins the cryptocurrency’s limited availability make the asset harder to acquire the more scarce it becomes.. In most cases when an asset is limited and resources are harder to come by, the supply causes demand for the market. The supply of bitcoin shows a significant gap between how many there are and those who want to obtain some.. A great majority of bitcoiners believe digital scarcity will make bitcoin more valuable over time, and with 16[dot]8Mn mined so far it will get harder.. In addition to the difficulty in accessibility miners themselves are going to have to up their processing power constantly. In two years or less depending on hashrate speed, the next miner reward halving is approaching. . This means instead of miners getting 12[dot]5 BTC for every block they mine they will get 6[dot]25 BTC in two years time. . This network consensus agreement o
Views: 151 Cryptocurrency News
What is Bitcoin? II बिटकॉइन क्या है?
 
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Bitcoin first went online in 2009 as open-source technology, invented by a mysterious, anonymous individual going by the pseudonym Satoshi Nakamoto. It’s a digital currency, used to pay for items online without any additional bank charges, or government control. Companies and people can buy or sell items using bitcoin as payment. In 2017, these companies include Microsoft, Virgin Airlines, WordPress and Subway. Hard, real-life currencies such as the Pound sterling or US dollar are managed by a central bank (in this case the Bank of England and US Federal Reserve), which steadies rates and manages supply and demand. Bitcoin has no overall regulation, but it relies on the activity of “miners”. This is the complicated part. The currency’s quantity can only be increased if it is “mined” – a process which involves computers collecting pending bitcoin transactions and turning them into a complex mathematical equation. The first miner to solve this puzzle then chains together a “block” of transactions (called a “blockchain”), and they are then rewarded with newly-created bitcoin. A maximum 21 million bitcoins can be created. As of June 1 2017, there were 16,366,275 in circulation. It is expected to hit 21 million by 2140.
Views: 32 Whole Story
SEC alleges bitcoin investment was Ponzi scheme.F*ck Bitcoin,& Silver,snort Blow Off A Whore's Back
 
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SEC alleges bitcoin investment was Ponzi scheme http://www.marketwatch.com/story/sec-alleges-bitcoin-investment-was-ponzi-scheme-2015-12-01?link=MW_latest_news The Securities and Exchange Commission charged two bitcoin mining companies and their founder on Tuesday with defrauding investors. The SEC’s complaint accuses Garza and his firms of running a Ponzi scheme that used “mining” for bitcoin or other virtual currencies as a front to steal investor funds. “Mining” means applying computer power to try to solve complex equations. The first computer or collection of computers to solve an equation earns the bitcoin currency. From August to December 2014, the SEC alleges in its complaint Homero Joshua Garza sold $20 million worth of shares in a digital mining contract he called a Hashlet through his digital bitcoin mining companies GAW Miners and ZenMiner. But those companies did not own enough computing power to solve the problems. Garza and his companies sold far more computing power than they owned, so some investors received proceeds generated from sales to other investors. “Garza and his companies cloaked their scheme in technological sophistication and jargon, but the fraud was simple at its core: they sold what they did not own, misrepresented what they were selling, and robbed one investor to pay another,” said Paul G. Levenson, director of the SEC’s Boston Regional Office, in a press release. The SEC is looking for the court to stop the operations as well as force the companies to forfeit any allegedly illegal gains plus interest and penalties. Garza’s attorney, Marjorie Peerce of Ballard Spahr, told MarketWatch, “Josh Garza is disappointed that the SEC has filed suit against him. Any further comment will be through the court process.” -------------------------------------------------------------------------------- http://www.marketwatch.com/story/us-nov-car-sales-buoyed-by-black-friday-deals-2015-12-01-154851356?link=MW_latest_news U.S. Nov. car sales buoyed by Black Friday deals
7  Adding your Bitcoin Wallet Address & Backoffice Overview
 
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Quick explanation of Bitcoin Start earning Bitcoin and other crypto currencies with Suhayl Patel through the world’s largest Altcoin miner: https://suhaylpatel.swissgoldglobal.com/en/products?fmid=590060658 Join me on Facebook: https://www.facebook.com/suhaylpatelmarketing Join Coinbase and get a $10 bonus: https://www.coinbase.com/join/56c82194dd127d1bdd0002ac Buy Bitcoin at the best rates: https://localbitcoins.com/?ch=8l0x Bitcoin wallet with GBP/USD/EUR debit card: https://spectrocoin.com/en/signup.html?referralId=3826273616 Swiss Gold Global exists to awaken individuals to their full potential, through the accumulation of real wealth, the development of financial independence, the experience of a supportive community, and the promotion of personal growth. Our ultimate objective is for you to "Own Your Life." WHAT IS BITCOIN? Bitcoin is a digital currency that brought its underlying blockchain technology to the world. The reason that we and so many others think it is so remarkable is that this digital money is not controlled by any central authority that can fail or be banned from taking part in the global money remittance network. The Bitcoin network is completely decentralized and the currency is produced by a community that anyone can freely join. Because Bitcoin is produced and held digitally, it can be transferred almost freely and instantly, no matter the transaction amount. Bitcoins are created by miners that us open source software to solve mathematical problems. There will only be 21 million Bitcoins that can ever be mined and thus it is a deflationary good unlike money produced by central banks in arbitrary amounts. Right now, almost 18 million units are created. One Bitcoin can be divided into 10 million pieces. WHAT IS MINING? The act of mining creates Bitcoin and many other digital currencies. The members of the network provide their computational power for calculating mathematical problems, and for this effort they are rewarded with currency units. In the Bitcoin network, there is a daily global reward of 1,800 Bitcoins distributed to the miners. However, the more people that are mining, the more competitive it gets. Computers are good at solving equations, so the networks create more difficult problems by the minute. There are already numerous types of specialised hardware on the market that have been designed specifically for digital currency mining. Thanks to our great strategic partnership we get a better price than any other mining Companies as our Partner is buying the hardware on large scale with better prices. Low maintenance costs, cheap electricity and little or no need of cooling and mining farms all over the globe makes us very compatible. KEY WORDS Swiss gold Global Auvesta Legacy Gold Legacy Gold Preview Bullion By Post Bullion By Post Review Karatbars Karatbars Scam Karat bars Review Karatpay Swiss Golden Scam Global Intergold Scam Goldmoney Goldmoney Review Goldmoney Scam David Seaman Andrewmurraytv Gregory Mannarino Greg Hunter Eagle Aurum Eagle Aurum Review International Silver Network ISN Genesis Mining HashFlare Bitmain Antminer Coinspace Coinomia Trade Coin Club Scam Trade Coin Club Review TCC Bitclub Network BCN Unocoin Coinbase Dragon Mining Galaxy Mining Gainbitcoin Gladiacoin Dascoin Dollar Vigilante Jeff Berwick Simon Black Sovereign Man
Views: 50 suhayl patel
Bitcoin Mining Documentary Aired in China
 
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A documentary that aired recently on China’s SNTV channel gives a rare inside look at how bitcoin mining works. Bitcoin mining has been increasing in popularity worldwide along with rapid growth in bitcoin wallets, trading volumes, transaction values, and venture capital investment. SNTV reporter Terry Zhao visited a bitcoin mining operation in east China’s Zhejiang province and interviewed the owner. The owner, who chose to remain anonymous, was one of the first bitcoin miners. He explained that only 25 bitcoins can be mined every 10 minutes, and that he was one of the first people who Satoshi Nakamoto introduced to bitcoin mining. The most shocking revelation in the documentary is that bitcoins are actually mined from the ground. The owner of the mine takes Zhao on a tour of his mining operation, which is an actual mine, like with dirt and rocks. The miners dig up the bitcoins from the ground, clean them, and sell them to bitcoin exchanges, which then sell virtual representations of the bitcoins online. With bitcoin mining revealed to be a hoax, we should expect to see companies in the bitcoin industry severely affected, and market volatility increasing a great deal. Previously it was believed that bitcoins were generated by solving cryptographic problems, and involved an immutable public ledger known as the the blockchain. On the bright side though, bitcoins actually look very nice and may attract coin collectors and hobbyists.
Views: 18197 BTCC

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