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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: 58996 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: 1027 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: 1179470 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: 167518 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: 41482 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: 2879 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: 1676 On1 Productions
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: 33 Money Scoop
EARN 0.1-0.2BTC on each mining attempt
 
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have you been scammed severally? do toy want something genuine and different? do you want to earn bitcoin for almost free? are you tired of fake miner? do you know mining is about solving series of equations TO EARN 0.1-0.2BTC on each mining attempt
Views: 9 miner bitcoin
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
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: 216 Logical Guy
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: 834547 3Blue1Brown
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
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: 99261 Lucidchart
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 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: 19 Grep Haxs
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: 1373 BRV-Dragon
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: 92428 Computerphile
What is a BitCoin? Explained - Tech Tips
 
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This introduction to bitcoin explains what is a crypto-currency and what exatly is a bitcoin? Also touched on are the other major currencies such as litecoin, feathercoin, and dogecoin. Learn More/Where to Buy: Canada: http://www.ncix.ca/ US: http://www.us.ncix.com/ Join the conversation on our community: Forums: http://forums.ncix.com/ Facebook: https://www.facebook.com/NCIXdotCOM Twitter: https://twitter.com/NCIXdotCOM Newsletter: http://www.ncix.ca/article.php?mode=newsletter Download our Mobile App: Android: http://tinyurl.com/blqeqaj iOS: http://tinyurl.com/a49ngav Windows: http://bit.ly/1guO0Pn
Views: 1312782 NCIX Tech Tips
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: 818 Werner Hattingh
How Does Bitcoin Mining Work?
 
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In this video we explore what Bitcoin Mining is and why it's important :D enjoy! ------------------------------------------------------------------- Check out our social media links: Instagram: https://www.instagram.com/Mindset_hub/ Medium: https://medium.com/@mindset_hub Facebook: https://www.facebook.com/MillionaireMindsetHub/ Twitter: https://twitter.com/Mindset_Hub YouTube: https://www.youtube.com/channel/UCG2wMLxc3KGzXUvlGuuxQUw SoundCloud: https://soundcloud.com/user-712725793/tracks And Tumblr: https://mindset-hub.tumblr.com
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: 271355 Techlore
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: 5510 365 Careers
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: 672 Karat Master
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: 16233 99Bitcoins
The BRILLIANT BITCOIN Puzzle!!
 
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Bitcoin Kickstarter: https://www.kickstarter.com/projects/bitcoinproject/bitcoin-puzzle-playing-cards?ref=nav_search&result=project&term=bitcoin Today, I'm going to attempt to solve the Brilliant Bitcoin Block chain puzzle! This is a physical representation of how servers work to decode block chains and mine bitcoin from it. On the inside of this puzzle, there lies a pair of limited edition Bitcoin playing cards which we'll have a look at if I end up solving this puzzle, that is... Enjoy! BUY OTHER PUZZLES HERE: http://www.puzzlemaster.ca/?a=681162 CHRIS RAMSAY MERCH: https://ramfamshop.com/ INSTAGRAM: https://www.instagram.com/chrisramsay52 TWITTER: https://www.twitter.com/chrisramsay52 LEARN A TRICK I CREATED HERE: https://sellfy.com/p/OiqQ/ LIKED A SONG I USED? GET IT HERE: http://share.epidemicsound.com/Ramsay GAMING CHANNEL: https://www.youtube.com/channel/UCxR3TcpkooMIllA2b83kGAQ/featured MY MAIN CAMERA:https://amzn.to/2M9Fl9a SECOND CAMERA: http://amzn.to/2D0bVtU BEST LENS FOR VLOGS: http://amzn.to/2DeNzth BIG LENS FOR B-ROLL: http://amzn.to/2ANaqcA TOP DOWN CAM: http://amzn.to/2COakmY MIC: http://amzn.to/2AKIHJQ TRIPOD: http://amzn.to/2EuP9GO Website: https://www.chris-ramsay.com IF YOU WANT TO SEND ME STUFF: Chris Ramsay CP 50011 BP. Galeries Des Monts St-Sauveur, PQ Canada J0R 1R0
Views: 493345 Chris Ramsay
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: 9826 99Bitcoins
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: 218297 Khan Academy
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: 2800 jean blue
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: 120 suhayl patel
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: 10 BITCOIN LIFT OFF
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: 19 Grep Haxs
The Abacus Coin
 
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As opposed to solving crypto-graphical problems, with the sole result being a Coin or block of Coins; the Abacus Coin mining process produces not only Coins as rewards, but also answers to real world mathematical problems that hold value in themselves. Why waste endless computing power on solving algorithms when there's so much more to discover. Instead of mining to solve cryptography that has no further use, Abacus Coins are mining to solve questions we don't yet have the answers to. Mining Abacus Coins actually helps us become more intelligent as a whole. It could even lead to brand new discoveries across many fields of science, but probably most notably Physics due to its heavy reliance on mathematical equations. The entire universe is in balance, and somewhere out there is an equation that we can use to quantify the very fabric of the cosmos. There is literally no ceiling to what we could achieve together! Every time a problem is solved, a more complex one is introduced. We will never run out of problems to solve there is an infinite amount. As long as we keep mining Abacus Coin we will always make new discoveries! What is the difference? Well it would help to understand the value of these answers, if you knew who had an interest in them and how they are used. Are you aware that the American D.O.D pays $1,000,000 for the discovery of new large prime numbers? Just one of the mathematical problems that Abacus Coin mining will produce answers to are new 'Large Primes' so valuable as they are used in encryption and cryptography for security purposes. The Abacus Coin mining process will also calculate 'Ternary Complementary Pairs' which are used in complex systems such as LADAR, RADAR, Airship and Missile guidance systems, as well as host of other applications. Companies and governments pay anywhere from thousands to millions dependent on the complexity of the problem solved and the importance of its practical application. It will also produce Hadamar Matrises, which are immensely complex mathematical objects.
Views: 83 Lee Grant
How I make money mining bitcoins
 
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With bitcoins still hovering over $100, one miner explains how he makes money running his computer 24/7, supporting the Bitcoin system.
Views: 484470 CNN Business
What is Bitcoin?
 
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Heard of bitcoin but not sure what it really means and how it works? Enter my Bitcoin Academy and get a $100 btc scholarship after you pass 1 simple test here: http://iamjamarr.com/bitcoin http://instagram.com/jamarrj http://twitter.com/jamarrj Here are 10 simple question to what bitcoin is and how it works! WHAT IS BITCOIN? Bitcoin is a Decentralized Digital currency that allows a digital peer to peer transaction, face to face or country to country in an instance. Since there are a finite number of bitcoin In existence, the value with grow over time. WHAT IS BLOCK CHAIN? Block is the Digital ledger where past and current transactions that take place are in chronological order for public record. WHAT IS DECENTRALIZED? Decentralized means that there is no central storing place and No Middleman or Financial institutions stand in the way of a transaction. Bitcoin is 100% peer to peer WHAT IS BITCOIN SCARCITY? Since there a 21 MILLION Bitcoin that are in existence and 16.5 MILLION are already in circulation. It’s basic supply and demand. For example, when a hurricane comes by, the value of something like water can go up simply because there is a limited amount available. HOW ARE NEW BITCOINS CREATED? Well anyone with an internet connection and the right software can actually mine bitcoin and other cryptocurrencies. And all it is, Is the process of solving complex mathematical algorithms and when those equations are solved. The people (miners) are rewarded a certain amount of bitcoin. WHAT IS BLOCK HALVING? Block Halving is an event that takes place about every 4 years that rewards miners 50% of what they are used to earning for solving a block. For example, I’m a miner and I usually get 4BTC for every success block or equation solved, When a BTC halve takes place, I would begin to earn 2 BTC for each one. WHAT IS A CONFIRMATION? when miners from around the world validate a transaction. The other night I sent BTC from one wallet to another and in the lock change, I saw ⅙ was verified. After about 5 of them, I saw the BTC I sent show up in my other wallet. WHAT IS A TRANSACTION ID? When a transaction or a deal takes place, There is a unique code attached to it. That unique code allows us to find that specific transaction in the blockchain. So It comes in handy when you're making a ton of transactions and need to go back to check on one. WHAT IS BLOCK EXPLORER? Is the web page that we use to explore the blockchain. I can search for past transactions using a transaction ID. WHAT ARE 3 SPECIFIC WAYS TO BUY BITCOIN? Peer to Peer, Coinbase (1 of many exchanges) and a Bitcoin ATM.
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: 210 1MinuteDoc
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: 208772 Khan Academy
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: 168 The Crypto World
Susan Athey: The Economics of Bitcoin & Virtual Currency
 
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Susan Athey explains how Bitcoin works, and why virtual digital currency might change the way consumers and financial institutions do business. Athey is the Economics of Technology professor at Stanford Graduate School of Business. Read more about the perils and promise of digital currency in this article featuring Athey and venture capitalist Balaji Srinivasan: http://www.gsb.stanford.edu/insights/promise-peril-bitcoin Find out more about professor Athey's research: http://www.gsb.stanford.edu/faculty-research/faculty/susan-athey
New (2018)LEGIT SITE low minimum withdrawal 0.0004
 
04:45
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: 27 SPOT LivesUPDATES
Getting rich by mining bitcoins is as simple as turning on your computer, right? Wrong
 
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You can buy bitcoins with fiat currencies — legal tender backed by the issuing government, like Australian dollars — through online exchanges, or you can create brand new bitcoins in a process known as mining.So how does the mining process work? The main feature of cryptocurrencies is that they operate on a decentralised peer-to-peer network, with no central authority or government backing.The underlying technology that makes cryptocurrencies such as bitcoin possible is what is known as the "blockchain".The blockchain is essentially a public ledger of all the transactions ever made in the currency.It keeps a record of which user owns what coins.When a transaction is made it is added to the end of the blockchain and confirmed using a series of complex computations by the computers of other users who are on that currency's network.Those users are then rewarded with new bitcoins for letting their computers do the work.The most recent transactions made on the network are bundled up into a transaction "block", which is finalised roughly every 10 minutes.Once a computer solves the block's complex equations and finds a valid hash key it is added to the blockchain, verifying bitcoin transactions between users, while at the same time rewarding the miner with new bitcoins.It can take a while for miners to reap rewards, as only the first user to solve the block by finding one of a number of valid hash keys is rewarded with bitcoins.During the early days of bitcoin in 2010-11, a common household computer would have been powerful enough to mine for dozens of new coins using its CPU or GPU.But that is not the case today.The currency automatically regulates the difficulty of the mathematical problem (adding complexity to the hash value computers need to find) as well as the number of bitcoins received as a reward.If a lot of people are connected to the network to mine for bitcoins, the difficulty of solving a block increases.This is known as the hash rate.Similarly, it decreases when less people are seeking new bitcoins.The number of bitcoins rewarded also adjusts, with an end result that means every four years only half the amount of coins created in the previous four years can be made.Recently, the invention of specialised computers used solely for mining has dramatically increased the difficulty of obtaining bitcoin.These expensive machines mine for coins 24/7 and can perform the needed computations hundreds of times faster than a standard home computer.Bitcoins can be mined solo or as part of a pool, but even then the bitcoin or fraction of the coin you receive will likely not be enough to cover the electricity cost.Bitcoin mining was extremely easy when the network first began, but it is now out of the realm of common home computers.Due to the way Bitcoin was coded, there is a limit of just under 21 million bitcoins that can be created.Once the limit is reached, no more bitcoins can be made.However, a single bitcoin can be subdivided as far down as the ei
What is Bitcoin?
 
01:29
Get $10 of Bitcoin free when you buy Bitcoin here: http://ianbalina.com/sixfigures/coinbase Bitcoin is the first global, decentralized currency that allows you to send money from one person to another without involving a third party broker, such as a bank. You only need your computer to make transactions because Bitcoin is fundamentally software. As a decentralized currency, Bitcoin isn’t controlled by anyone. It’s open so that anyone can benefit from it. You might think that the lack of control could mean chaos, but that’s not true at all. That’s because Blockchain, the technology behind Bitcoin is one of the most accurate and secure systems ever created. How Does Bitcoin Work? A blockchain is a ledger that keeps records of digital transactions. Instead of having a central administrator, like a bank or the government, blockchain 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, forming an unbroken chain. Blockchain solves two of the most challenging problems of digital transactions: 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 Bitcoins (this process is called mining.) The validated block is timestamped 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. Characteristics of Bitcoin Global In other words, it has no limits of any kind. You can send it to anyone across the world with no condition. Moreover, you don’t depend on a schedule, as it happens with bank transactions since Bitcoin is available 24/7, 365 days a year. Irreversible Unlike bank operations that can be reversed even months after they were initiated, a Bitcoin transaction can’t be turned around by the sender. Low Fees No matter the size of the transaction, you only pay between half of a cent and five cents. Private You don’t need to provide any personal information when paying with Bitcoin. The only information required is the bitcoin address and the amount you’re sending. Secure The Bitcoin network is cryptographic. So, when you make a payment, you don’t risk having your identity stolen since the system doesn’t send any sensitive information to the network. Open Bitcoin transactions are public, everyone can see them. So, due to this transparency, operations can’t be manipulated. Website: http://ianbalina.com Instagram: https://www.instagram.com/diaryofamademan/ Snapchat: https://www.snapchat.com/add/diaryofamademan Facebook: https://www.facebook.com/ianbalina/ Twitter: https://twitter.com/diaryofamademan
Views: 693 Ian Balina
BillionexPro Mining - Hash Power
 
01:27
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: 1049 BillionexPRO OFFICIAL
Solving Heterogeneous Estimating Equations Using Forest Based Algorithms
 
41:50
Susan Athey of Stanford University discusses the use of forest-based algorithms to estimate heterogeneous treatment effects—important in situations like tailoring medical treatments to patients or ensuring that automated selection processes are fair.
Vista Network's Mini Miner Review
 
05:30
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
7  Adding your Bitcoin Wallet Address & Backoffice Overview
 
05:08
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 Explained | 10 Big Questions ANSWERED | What Is Bitcoin?
 
17:04
► Free Money Monday Cheat Sheet: https://goo.gl/NkSiZQ ► Get $10 FREE Bitcoin when you invest $100 with Coinbase: https://tinyurl.com/yamnwzcz (affiliate) Clark from RTS - Money Monday where we talk about how to break spending habits of the past, make more money in the present so you have freedom in your future. THIS WEEK - CLEAR YOUR SCHEDULE - GRAB YOUR POPCORN OR BEER - We are going geeky with crypto. FIVE videos on cryptocurrency I Don’t want to be the “Bitcoin guy” - there are lots of smarter people out there than me about it. BUT like you, I had lots of questions. I researched them and the answers led me to not only understand cryptocurrencies, but invest into three of them. I don’t have life savings in there, I think I have around $5k at time of this video - but here are the simple facts about bitcoin. Your top ten question about blockchain answered. Use these next time you’re at the holiday party and want to sound smart in the crypto discussion. DISCLAIMER: I AM NOT A FINANCIAL EXPERT - ALWAYS CHECK WITH ONE BEFORE INVESTING. PLEASE DO YOUR OWN RESEARCH. NO FINICAL ADVICE IS BEING GIVEN HERE. Q: what is bitcoin? Unfair comparison: bitcoin is like stock trading. Stocks you OWN a piece of the company. Bitcoin you own asset (similar to gold) Unfair to say: Bitcoin is a currency - far to volatile and risky to be one. It IS a stored value. Think of it “GOLD 2.0” or “DIGITAL GOLD” Q: What is blockchain and cryptocurrency? “blockchain” is what cryptocurrency is built on “blockchain” is a technology In general, the technology has these characteristics: Open source Peer to Peer Incorruptible - can’t cheat the system Math-based computer algorithms Q: why is it worth anything? Bitcoin is REALLY good at storing value. Why is anything worth anything? We’re not on gold standard anymore Credit is just a form of trust - what our entire economy runs on Q: is it a bubble? why so fast growth? Impossible to time the market (warren buffet) People have been saying that for years about stock market/ real estate in Seattle Maybe an emotional market - why we see it going up like crazy (maybe FOMO) Similar to compare it to internet bubble Some experts say it could be stock market bigger bubble (potentially) Many people are becoming educated about it It’s becoming more mainstream (especially in developing countries - Africa) Q: why is it safe if its digital? EVERY currency can crash (Euro could crash, Dollar could crash) BETTER that it’s digital - think gold: people can rob you take it off you Don’t have ALL cash in banks - 10% on reserve and can loan the other 90% out. Q: who made bitcoin? Satoshi Nakamoto (although not confirmed) Founded in 2009 Good documentary: Banking on Bitcoin Q: what is mining? How bitcoins are created Uses a shit ton of electricity - GIANT server farms] Computers running solve complex math puzzles and equations Can ONLY be 21 Million Each can be split up to 8 decimal places Q: Is it too late? Never too late - is getting harder to make money Early adopters are the winners I remember seeing it at 8k and was about to buy - didn’t know enough at the time Now, almost breaking $20k Some speculate it could go to zero (although usually mainstream who have interest in keep traditional system) Some speculate it could go all the way to 1M for a single bitcoin. Q: How much should I invest? & Q: How do I Invest? ON SCREEN Coinbase - invest starting with $100 get free $10 LOWER FEES if you buy w/ coin base and a bank account. Higher (and less at a time) if you use a credit card. Watch the market for a week Download app, put $100 into one of three. then watch I buy an hold stop settling start living clark YOU MAY ALSO LIKE: Money Monday Series ► https://goo.gl/7mMxgL The BEST OF Series ► https://goo.gl/5Spvy6 Journaling Series ► https://goo.gl/e6j6H6 How to Get Rich Series ► https://goo.gl/Q7wbc5 SOCIAL: Twitter ► @clarkdangerous Facebook ► /clarkdangerous Instagram ► @refusingtosettle Instagram ► @clarkdangerous MY COURSES: MyBestJournal 2.0 ► http://mybestjournal.com Video Breakthrough Academy ► https://www.myvideobreakthrough.com Earnings Disclaimer: Please always check with a professional before making any moves with your money. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Affiliate Disclaimer: This description contains affiliate links. If you decide to purchase a product through one of them, I will receive a small commission. This is at no additional cost to you. I will only ever list products that I have personally used. Go out there and crush this! clark #RefusingtoSettle
How OneCoin process Mining  With Split And Barometer Complete
 
01:41
Whatsapp Group Digital Sawab tv https://chat.whatsapp.com/4ADw0qjQgGrLsni1pIBStF The mining process is done like this: to get a One , you have to mine the currency, extract it from the blockchain (chain of blocks), as if it were a mineral. Imagine that each block is a mathematical problem housed there and when deciphered, that block releases a certain amount of Ones; Of course, if the system has more power, there will be more results, because these complex calculations will be solved more quickly. The first one who gets to obtain the result, he keeps it, that is why people organize themselves in mining pools, to mine together and achieve greater results, and then they distribute the reward among them. We can also define this as follows: the result of a large equation is sought, and a greater number of thinking brains (more calculation power), the logarithm resolution will be faster and therefore, the results will be faster. That algorithm follows an infinite exponential function, and although the Ones they will continue to be mined for a while longer, each day that passes, it will be more difficult to find a result, and greater difficulty, the higher the price. On October 8, 2018, the One will go out to the public, so every day that passes until that date, it will be more difficult to mine and the price will rise more and more. THAT'S WHY TODAY YOU HAVE A GREAT OPPORTUNITY. You have the great advantage and the benefit that the price of the currency while you mine, is low and in just a few months, you can multiply your investment. TAKE IT NOW ...The mining process is done like this: to get a One , you have to mine the currency, extract it from the blockchain (chain of blocks), as if it were a mineral. Imagine that each block is a mathematical problem housed there and when deciphered, that block releases a certain amount of Ones; Of course, if the system has more power, there will be more results, because these complex calculations will be solved more quickly. The first one who gets to obtain the result, he keeps it, that is why people organize themselves in mining pools, to mine together and achieve greater results, and then they distribute the reward among them. We can also define this as follows: the result of a large equation is sought, and a greater number of thinking brains (more calculation power), the logarithm resolution will be faster and therefore, the results will be faster. That algorithm follows an infinite exponential function, and although the Ones they will continue to be mined for a while longer, each day that passes, it will be more difficult to find a result, and greater difficulty, the higher the price. On October 8, 2018, the One will go out to the public, so every day that passes until that date, it will be more difficult to mine and the price will rise more and more. THAT'S WHY TODAY YOU HAVE A GREAT OPPORTUNITY. You have the great advantage and the benefit that the price of the currency while you mine, is low and in just a few months, you can multiply your investment. TAKE IT NOW ...The mining process is done like this: to get a One , you have to mine the currency, extract it from the blockchain (chain of blocks), as if it were a mineral. Imagine that each block is a mathematical problem housed there and when deciphered, that block releases a certain amount of Ones; Of course, if the system has more power, there will be more results, because these complex calculations will be solved more quickly. The first one who gets to obtain the result, he keeps it, that is why people organize themselves in mining pools, to mine together and achieve greater results, and then they distribute the reward among them. We can also define this as follows: the result of a large equation is sought, and a greater number of thinking brains (more calculation power), the logarithm resolution will be faster and therefore, the results will be faster. That algorithm follows an infinite exponential function, and although the Ones they will continue to be mined for a while longer, each day that passes, it will be more difficult to find a result, and greater difficulty, the higher the price. On October 8, 2018, the One will go out to the public, so every day that passes until that date, it will be more difficult to mine and the price will rise more and more. THAT'S WHY TODAY YOU HAVE A GREAT OPPORTUNITY. You have the great advantage and the benefit that the price of the currency while you mine, is low and in just a few months, you can multiply your investment. TAKE IT NOW ...
Views: 1516 Digital Sawab Tv
1  What is Bitcoin, Suhayl Patel
 
01:37
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 http://www.suhaylpatel.net/ 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: 71 suhayl patel
How Bitcoins Are Created?
 
01:07
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

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