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BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES!
 
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Views: 1430 GenicsTheCrypto
Bitcoin Difficulty Explained
 
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In this video I talk about what difficulty is and how it is effects miners and investors alike. What is BitCoin: http://youtu.be/Um63OQz3bjo MtGox: https://mtgox.com BitCoin Charts: http://bitcoincharts.com/ BitCoinity: http://bitcoinity.org/markets BitCoin.org: http://bitcoin.org/ Twitter: https://twitter.com/GamersGoneTech Reddit: http://www.reddit.com/r/GamersGoneTech E-Mail: [email protected] Donate BitCoins? My address is: 1AWSU3BoKzWoGxeydNsEPLoupC4vdfg7wC
Views: 8188 GamersGoneTech
What Determines Bitcoin Difficulty Level? - George Levy
 
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https://GeorgeLevy.com/Free presents: One of the students of the Blockchain and Bitcoin Fundamentals course asks "What determines Bitcoin difficulty level?" In this video, I answer his question and I share with you the process of how Bitcoin difficulty level is determined. Receive FREE video lessons from George Levy's paid blockchain, Bitcoin and cryptocurrency courses at: https://GeorgeLevy.com/Free Find out more about the Blockchain and Bitcoin Fundamentals course at: http://BlockchainandBitcoinFundamentals.com For more information on Blockchain Institute of Technology, visit https://BlockchainInstituteofTechnology.com
Views: 1762 George Levy
Mining Pool Shares, Difficulty and Luck Explained
 
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As requested an overview of shares, difficulty and luck. Excuse my appearance as I am still under the weather a bit. More detailed vids to the series coming. Plotting Rig Build: ASRock X399 TAICHI: http://amzn.to/2ABwQyU AMD Ryzen Threadripper 1950X: http://amzn.to/2AzRQpu ARCTIC Freezer 33 TR: http://amzn.to/2yqGXEW Ballistix Sport LT 64GB Kit 2666mhz: http://amzn.to/2zyktFt Corsair AX860i: http://amzn.to/2mXviLv Windows 10 Pro: http://amzn.to/2AyMz1H Discord https://discord.gg/PxnPaE7 Twitter https://twitter.com/SonOfATech Facebook https://www.facebook.com/Son-Of-A-Tech Instagram https://www.instagram.com/sonofatech/
Views: 14206 Son of a Tech
Cryptocurrency Mining Difficulty Explained - Mining Difficulty And Analysis
 
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http://workwitheugene.com/Cryptocurrency Learn The Truth About Cryptocurrency Mining Difficulty Cryptocurrency, which is now emerging into the mainstream, is digital currency that is independent of any central bank or depository. It is highly secure, and each coin maintains the full history of exchange transactions in its blockchain best described as a digital register. The increase in value of cryptocurrencies such as Bitcoin, Ethereum, and LiteCoin have created significant interest from individuals and institutions alike. Many simply buy the crypto coin of their choice and hope it increases in value. There is an alternative to just buying cryptocurrency and that is to become a "miner" of cryptocurrencies. The entire cryptocurrency matrix, which is the computer hardware and software requires "miners" to run the mining operation constantly. Early adopters were able to use home-based computers to run mining operations. http://workwitheugene.com/Cryptocurrency Today, the volume of mining activities has increased, and extensive hardware operations called "farms" have been created to maximize mining success. The investment in these operations is significant and is quickly overtaking the operations of the home-based miner. Working with specialists in cryptocurrency we have arranged access to high powered mining farms for our members through our new product called Crypto. By providing education and access to leading edge technology our members can participate in the forefront of the cryptocurrency movement without the enormous costs of equipment, programming and on-going operations. The difference between mining and buying cryptocurrency can be explained using the analogy of Aesop's fable "The Goose that Laid the Golden Eggs." Buying cryptocurrency is much like buying the golden eggs laid by the goose. Whereas, mining cryptocurrency is like having the goose. We believe the goose is more valuable as it can produce eggs many times just as ongoing mining will continue to produce crypto coins. cryptocurrency mining difficulty explained - Cryptocurrency mining difficulty explained bitcoin catford bitcoin auction results greek transliteration iota subscript digibyte to usd dogecoin litecoin Download and watch When Will The Bitcoin Difficulty Increase HD high quality mp4 3gp 144p 320p 720p 1080p videos to your phone free Download and watch How Much Will Bitcoin Difficulty Increase HD high quality mp4 3gp 144p 320p 720p 1080p videos to your phone free What is Bitcoin Mining Difficulty Bitcoin Mining Guide - Getting started with Bitcoin mining A chart showing bitcoin mining difficulty changes over time Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market How to buy a pack in onecoin - Start making your own internet bussines today onecoin mining difficulty explained by dr. swisscoin mining difficulty explained. Cryptocurrency mining difficulty explained When will the bitcoin difficulty increase - Start making your own internet bussines today , bitcoin mining, block erupter, Butterfly Labs, difficulty, how much will bitcoin difficulty increase, mining, what is bitcoin dif What is Bitcoin Mining Difficulty Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released Genesis Mining was founded in 2013 Butterfly labs, bitcoin block, block erupter, difficulty, asic miner, Bitcoin, how much will bitcoin difficulty increase, bitcoin mining, what is bitcoin difficulty, what is bitcoin mining difficulty, Computers Internet, when will the bitcoin difficulty increase, bitcoin miner, bitcoin mining difficulty, butterfly labs miner, block hash, Is Bitcoin mining profitable after the mining difficulty increased dramatically in the past 2 years Overview - Table of Contents; What is Bitcoin Mining Difficulty Get this: Genesis Mining is the most transparent cloud mining company and not a scam
Views: 1004 Wealth Multiplier
Blockchain Basics Explained - Hashes with Mining and Merkle trees
 
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A brief and simple introduction to the hash function and how blockchain solutions use it for proof of work (mining) and data integrity (Merkle Trees).
Views: 219736 Chainthat
The Dark Truth About Bitcoin (Bitcoin Mining Explained)
 
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If you've ever wondered how Bitcoin really works and what the potential risks are, you're in the right place. Subscribe to TheHub http://goo.gl/87YJzG Have you heard of bitcoins, but aren’t sure exactly what they are? Or maybe you’ve done your research and thought that they seem too good to be true. Either way, we are going to examine some of the dark truths behind this form of cryptocurrency. Making an investment in a digital format may seem like a great way to avoid banks, but it can also end up to you losing everything simply by forgetting your password or experiencing a technological failure. Bitcoins may be a lot riskier than you think, and there are a lot of unscrupulous people who take advantage of them for their own gain. Bitcoin mining can be a great way to earn some extra cash, but the bigger your operation, the more opportunities for something to go terribly wrong. We will let you decide for yourself whether or not bitcoins are worth the risk. For copyright matters please contact us at: [email protected]
Views: 53020 TheHUB
How Does Bitcoin Work?
 
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Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin has surged in popularity recently. How does it work, why do people want it, and how can you get your hands on some? Techquickie Merch Store: https://www.designbyhumans.com/shop/LinusTechTips/ Techquickie Movie Poster: https://shop.crowdmade.com/collections/linustechtips/products/tech-quickie-24x36-poster Follow: http://twitter.com/linustech Leave a reply with your requests for future episodes, or tweet them here: http://twitter.com/jmart604 Join the community: http://linustechtips.com Intro Theme: Showdown by F.O.O.L from Monstercat - Best of 2016 Video Link: https://www.youtube.com/watch?v=pm36k08jQ0M&t=2422s iTunes Download Link: https://itunes.apple.com/us/album/monstercat-best-of-2016/id1185092812 Listen on Spotify: https://open.spotify.com/album/5Zt1P3ZbnfErBkiqcfBTCN
Views: 1172187 Techquickie
What is a Bitcoin nonce?
 
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What is the nonce that Miners adjust in their blocks, and what's its relationship to the Block itself? Why do we need nonces in Bitcoin, and where did this strange word come from?
Views: 6456 Bitcoin Uncensored
The Difficulty of Mining Bitcoin
 
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Mining bitcoin is not as easy as it might seem. In this video, we highlight the biggest reason that most crypto miners end up losing money. --- This episode is sponsored by Americas Cardroom, the most trusted online poker site. Fund your account AND claim your winnings using your favorite cryptocurrency!   Make your first deposit using any cryptocurrency to get 200% deposit bonus.   US players welcome! Play TODAY: http://ow.ly/NEzd30guKzU --- About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com. Music: http://bensound.com
Views: 233 Chronos Crypto
Bitcoin mining difficulty example. THIS IS CRAZY!!
 
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Bitcoin mining difficulty example. THIS IS CRAZY!! This is a great example of how fast the bitcoin community is upgrading their hardware and leaving my micro rig in the past
Views: 2556 Crypto Computer-Man
How do mining pools calculate your profit, Shares, Difficulty and Luck Explained
 
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In this tutorial i will explain you how to mining pools calculate your profit from all the shares that pool solves.
Views: 447 DevilsBitcoins
What is Mining difficulty in HIndi/Urdu| Blockchain|Block|Mining Reward|Full overview with example
 
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What is mining difficulty in Hindi/Urdu|Bitcoin Mining| Blockchain|Block|Mining Reward|HashRate|Full overview with example A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically. Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what's known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today. Currently, the technology is primarily used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any document into the blockchain. Doing so creates an indelible record that cannot be changed; furthermore, the record’s authenticity can be verified by the entire community using the blockchain instead of a single centralized authority What is the Bitcoin Mining Block Reward? https://www.bitcoinmining.com/what-is-the-bitcoin-block-reward/ https://bitcoinwisdom.com/bitcoin/difficulty https://en.bitcoin.it/wiki/Difficulty https://blockchain.info/stats ▀▄▀▄▀▄HashFlare▄▀▄▀▄▀ USE CODE 'Hf17prof5' for 5% DISCOUNT Join Hashflare: https://hashflare.io/r/B348A574 ▀▄▀▄▀▄Genisis Mining▄▀▄▀▄▀ ****Use my promo code for "Of5HqX" for 3% off your purchase and I'll return the favor :) **** www.genesis-mining.com Genesis mining is one of the largest most popular cloud mining services and they've been in business for over 3 years now. They are a reputable REAL business and I'm using genesis mining to set myself up with LONG TERM passive income. They will start start paying me from 15 march 2018 Some Use ful website:- Mining Profit calculation https://www.cryptocompare.com/mining/... https://www.coinwarz.com/calculators Market Update https://coinmarketcap.com/ Some other programs you may enjoy: ▀▄▀▄▀▄USI Tech▄▀▄▀▄▀ https://invamrit.usitech-int.com/enro... ▀▄▀▄▀▄bitconnect▄▀▄▀▄▀ https://bitconnect.co/?ref=invamrit Join my team and subcribe to help me make regular videos and lets grow together and do comment what else do you think i should make video of. Genesis Mining Genesis Mining Review Genesis Mining 2017 Genesis Mining 2018 Genesis Mining tutorial Genesis Mining calculator Genesis Mining scam Genesis Mining ethereum Genesis Mining profit Genesis Mining ether Genesis Mining promo code Genesis Mining Bitcoin Genesis Cloud Mining Genesis cloud mining scam Genesis cloud mining review Genesis cloud mining tutorial Genesis cloud mining promo code Genesis cloud mining explained genesis mining genesis cloud mining HashFlare Mining HashFlare Review HashFlare 2017 HashFlare 2018 HashFlare tutorial HashFlare calculator HashFlare scam HashFlare ethereum HashFlare profit HashFlare ether HashFlare promo code HashFlare Bitcoin HashFlare Cloud Mining HashFlare cloud mining scam HashFlare cloud mining review HashFlare cloud mining tutorial HashFlare cloud mining promo code HashFlare cloud mining explained HashFlare mining HashFlare cloud mining Bitcoin Bitcoin mining Bitcoin cloud mining Bitcoin mining explained Bitcoin for beginners What is bitcoin bitcoin 2017 earn bitcoin free bitcoin bitcoin faucets what is bitcoin invest bitcoin USI Tech USI Tech tutorial USI Tech review USI Tech presentation USI Tech english USI Tech scam USI Tech proof USI Tech withdrawal USI Tech Hindi USI Tech urdu USI Tech bangla USI Tech bitcoin USI Tech info USI Tech webinar USI Tech tutorial USI Tech reviews What is USI Tech USI Tech calculator usi tech Usi tech Passive Crypto passive Crypto Bitconnect bitconnect bcc Bitconnect scam Bitconnect proof Bitconnect withdraw Bitconnect review Bitconnect tutorial Bitconnect english Bitconnect blockchain Bitconnect hindi Hashflare Hashflare mining Hashflare cloud mining Hashflare scam Bitcoin mining Hashing24 Hashing24 Bitfury Bitfury Hashing 24 Hashing24 scam Hashing24 mining HashFlare SHA-256(bitcoin mining) price increased . is it last chance to invest? bitcoin, btc, bitcoin cash, bch, roger ver, bch pump, bitcoin cash pump, bitcoin transaction, transaction speed, bitcoin cash vs bitcoin,btc vs bch,bitcoin scaling, btc scaling, unconfirmed transactions, bitcoin fees, high fees, bch fee,litecoin, bitcoin bubble, bitcoin cash bubble, bigger blocksize, bitcoin problem, bitcoin issue, gdax, coinbase, bch coinbase, bch gdax, sunnydecree, jihan wu, bitmain, bitcoin cash future, bitcoin future, lightning network, btc sidechain What is bitcoin Mining overview in hindi?
Views: 741 Passive Crypto
Bitcoin - Proof of work
 
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An explanation of cryptographic proof-of-work protocols, which are used in various cryptographic applications and in bitcoin mining. More free lessons at: http://www.khanacademy.org/video?v=9V1bipPkCTU 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: 190906 Khan Academy
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: 25596 365 Careers
What is a Bitcoin hard fork? Simply Explained!
 
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Recently we’ve heard about a Bitcoin hard fork. But what is a hard ford? What’s the impact on a cryptocurrency and why are they created? In this video I'll explain all of that in a simple way. 💰 Want to buy Bitcoin or Ethereum? Buy for $100 and get $10 free (through my affiliate link): https://www.coinbase.com/join/59284524822a3d0b19e11134 -------------- 🐦 Follow me on Twitter: https://twitter.com/savjee ✏️ Check out my blog: https://www.savjee.be 👍🏻 Like my Facebook page: https://www.facebook.com/savjee -------------- 📚 Sources can be found on my website: https://www.savjee.be/videos/simply-explained/what-is-bitcoin-hard-fork/
BITCOIN EXPLAINED (BC Explained ep 1)
 
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"We all have a crypto-friend who sounds like this guy. Gold back in 698BC was no different..." ____________________________ Like our stuff? Want us to make more? Come join the Chook Pen at www.patreon.com/cameralla We also take Crypto donations here: BTC ADDRESS 1JTLNi3TidqfTQqx5TEGr3ohG4x57LmfRt ETHEREUM ADDRESS 0x47fCD5375444330a5db2f71ebA2F7770e8ff91A1 LITECOIN ADDRESS LUNBNAsm4EMFuNUFsFcduuzV8NSTGM4Sed https://www.facebook.com/cameralla/ Written & Directed by Carl J. Sorheim Produced by Julian Vincent Costanzo Starring David Gannon, Troy Larkin & Nathan Strauss Cinematography by Jaque Fisher Sound Recordist - Adam Affif Editing and Colour grading by Thanassi Panagiotaras Audio Post Production by Bang Bang Studios
Views: 193655 Cameralla Comedy
Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS  - all you need to know
 
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In this video I break the somewhat confusing and mysterious question of how exactly the block difficulty is defined, represented and updated. There is a simplification/misconception that the requirement is just to find a hash with a required number of leading zeros in hex. This is not the case, it's a little more intricate than that.... I show some examples of real blocks - in particular focusing on the genesis block, and how import it is for initializing the difficulty of mining a block. I clarify the relationship between BITS (in the block header) difficulty, and the actual 256 hash target. Links Blockchain explorer https://www.smartbit.com.au/ Difficult history chart http://www.coindesk.com/data/bitcoin-mining-difficulty-time/ Hex converter http://www.binaryhexconverter.com/hex-to-decimal-converter
Views: 6055 Matt Thomas
Cirram Bitcoin - Mining difficulty
 
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My attempt to explain the difficulty levels in mining cryptocurrencies, with Bitcoin the main focus. Explaining why it is very difficult to be profitable with the current Bitcoin price and a possible way for the profitabilty to return join me here http://bitclub.bz/cirrambitcoin [email protected]
Views: 16 Richard Prall
Bitcoin Q&A: What is difficulty targeting?
 
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How does difficulty targeting work? What determines the desired pattern? Should difficulty re-targeting still happen every 2016 blocks? Could difficulty changes (and hence profitability changes) make all miners drop out? These questions are from the MOOC 7.2 and 9.2 sessions, which took place on February 26th 2017 and February 23rd 2018 respectively. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: What is mining? - https://youtu.be/t4p4iMqmxbQ Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw The mining process - https://youtu.be/L4Xtau0YMJw Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0 Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg Genesis block and coinbase transactions - https://youtu.be/strhfzJ56QE Proof-of-work changes - https://youtu.be/AcaktuPdQrc SegWit and fork research - https://youtu.be/OorLoi01KEE What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ Why running a node is important - https://youtu.be/oX0Yrv-6jVs Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 7269 aantonop
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: 67364 Keifer Kif
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: 204 BITCOIN LIFT OFF
How Bitcoin Works in 5 Minutes (Technical)
 
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A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more. Written Version: http://www.imponderablethings.com/2014/04/how-bitcoin-works-in-5-minutes.html Less technical version: https://www.youtube.com/watch?v=t5JGQXCTe3c Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)
Views: 5692939 CuriousInventor
How Bitcoin Works Under the Hood
 
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A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more. Shorter 5 min introduction: https://www.youtube.com/watch?v=t5JGQXCTe3c Written version: http://www.imponderablethings.com/2013/07/how-bitcoin-works-under-hood.html My Bitcoin address: 13v8NB9ScRa21JDi86GmnZ5d8Z4CjhZMEd Arabic translation by Ahmad Alloush Spanish caption translation by Borja Rodrigo, [email protected], DFJWgXdBCoQqo4noF4fyVhVp8R6V62XdJx Russian caption translation by Alexandra Miklyukova Italian voice over: http://youtu.be/1aEf3qr7UdE Italian captions translated by Simone Falcini, 1H5KdCnBooxfqpXtyQBBAKKRU7MkCZCVCe
Views: 2674428 CuriousInventor
Blockchain Hashing Explained | Proof-of-Work & Hashrate
 
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In this Blockchain Hashing Explained video, I attempt to explain the process of hashing block data in the proof-of-work (Hashcash) system, and why the hashrate contributed to a blockchain is very important to understand as a cryptocurrency investor and user. 🐨 Cryptocurrency Australia Official Site https://cryptocurrencyaus.com/ ⛓ Links http://learnmeabitcoin.com/glossary/hash-function https://passwordsgenerator.net/sha256-hash-generator/ http://learnmeabitcoin.com/glossary/target http://learnmeabitcoin.com/guide/blocks http://www.bitcoinpaper.info/wp-content/uploads/2014/02/bitcoin-paper-p5-img1.png https://www.blockchain.com/charts/difficulty?timespan=all https://www.blockchain.com/btc/block/00000000c937983704a73af28acdec37b049d214adbda81d7e2a3dd146f6ed09 https://www.blockchain.com/btc/block/0000000099c744455f58e6c6e98b671e1bf7f37346bfd4cf5d0274ad8ee660cb https://www.blockchain.com/btc/block/000000000003ba27aa200b1cecaad478d2b00432346c3f1f3986da1afd33e506 https://www.blockchain.com/btc/block/000000000000003887df1f29024b06fc2200b55f8af8f35453d7be294df2d214 https://www.blockchain.com/btc/block/0000000000000000001b1a09fa5694993d0eb3938d68d71e831e4ba804dc73d7 https://bitinfocharts.com/comparison/bitcoin-hashrate.html https://bitinfocharts.com/comparison/litecoin-hashrate.html https://bitinfocharts.com/comparison/ethereum-hashrate.html https://bitinfocharts.com/comparison/etc-hashrate.html https://www.theverge.com/2019/1/9/18174407/ethereum-classic-hack-51-percent-attack-double-spend-crypto https://www.crypto51.app/ https://www.youtube.com/watch?v=bBC-nXj3Ng4 chrome://newtab/ ✌🏼 Our socials Twitter https://twitter.com/Cryptos_Aus Instagram https://instagram.com/cryptocurrency_australia Facebook https://www.facebook.com/CryptoAustraliaMedia/ Reddit https://www.reddit.com/r/Crypto_Australia/ Pinterest https://www.pinterest.com.au/CryptocurrencyAustralia/ Linkedin https://www.linkedin.com/company/cryptocurrency-australia-media/ ✅ Our Cryptocurrency Investment course (rated 5/5 on Udemy.com) http://cryptocurrencyaus.com/Fundamentals-course 🔐 My hardware wallet is a Nano Ledger S http://cryptocurrencyaus.com/ledger 🔑 I also use the Trezor Hardware Wallet http://cryptocurrencyaus.com/Trezor 📩 For CCA Media business enquiries, please contact us at https://cryptocurrencyaus.com/contact/ 🔳 For Blockchain Project Consulting; https://www.blockchainmgtsolutions.com/ 🙏🏼 We are grateful for any BTC donations which help support us. 31tbpRhJFLuWnzAk6kVnNnDUcBrigLHsNt #BlockchainMining #Cryptomining #Hashing 📜 Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Cryptocurrency Australia Media, or the author, may have holdings in the cryptocurrencies discussed. Liability limited by a Scheme Approved Under Professional Standards Legislation.Referrals and affiliate links do earn us commissions but they are products or services we personally use and would not endorse if we did not believe in them.
Bitcoin explained and made simple | Guardian Animations
 
03:25
Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came from and the impact it's having around the world. Is bitcoin the future of finance, a potential destroyer of the economy ... or just a silly slice of technical utopianism? Subscribe to The Guardian ► http://bitly.com/UvkFpD Get the whole picture, the whole time ► http://is.gd/9LRxIO The Guardian's Top Ten Videos: Mos Def force fed in Gitmo procedure ► http://bit.ly/1hdvoqM Bangladeshi Sex Workers take steroids ► http://bit.ly/1mqf3fA North Korean military parade in slow-mo ► http://bit.ly/TTEAGk Police assault on Ian Tomlinson at G20 ► http://bit.ly/1rgq6Pg Manny Pacquiao fight highlights ► http://bit.ly/RBczBp Brick-by-brick women's fencing protest ► http://bit.ly/RBcEFc Trouserless on the Tube ► http://bit.ly/SPWOrv Jesus "would have been an atheist" ► http://bit.ly/1kfrKqP Open Heart Surgery ► http://bit.ly/1tPaGQ2 Brick-by-Brick Usain Bolt 2012 Olympic gold ► http://bit.ly/1pxQqQv
Views: 1460216 The Guardian
What is The History of Bitcoin: Super Easy Explanation
 
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What is The History of Bitcoin: Super Easy Explanation - https://blockgeeks.com/ We’ll start at the very beginning by understanding the history of blockchain. The very first blockchain in the world was Bitcoin. An anonymous person or group known as Satoshi Nakamoto published a document in an online cryptography forum in November 2008 and revealed the first details of how it would work, describing it as a “peer-to-peer electronic cash system”. The whitepaper is available today at bitcoin.org/bitcoin.pdf. It allows any 2 people to pseudonymously send money to each other no matter where they are in the world. It is a borderless currency. The main benefit of Bitcoin is that it does not require any centralized authority or institution to operate. This is in contrast to today’s centralized financial systems that depend on the existence of a central bank or government to mint money. If for any reason the central authority were to shutdown, the money would become worthless. In a decentralized system like Bitcoin, there is no central authority and the system can continue to operate as long as there are members in its peer-to-peer network. The goal of the whitepaper was to describe how the different parts of the Bitcoin protocol would operate and be kept secure. A new type of database, called a blockchain, would keep track of a single history of all Bitcoin transactions and it would be maintained by everyone in the network. The database would be publicly available for anyone to view and inspect, and anyone can download a copy of the same database. This provides data redundancy and makes sure the data is never lost, but also provides a way for anyone to verify the transactions in the database themselves. A block in the database just stores a sequence of transactions, and a sequence of blocks is called a blockchain. Each block is identified by an incrementing number and a unique Sha-256 hash. The hash for a block is calculated using the transactions inside it, as well as the previous block’s hash, which forms a chain of hashes. The data in the blocks is secured using a cryptographic algorithm called proof-of-work, which also keeps all members of the network and the database in sync to prevent double-spending. In this context, preventing double-spending means preventing anyone from spending money they dont have. Proof-of-work is used to generate new blocks for the database, also known as mining, and the reward for mining a new block is given to the miner by creating new Bitcoins in the system. This is the only way new Bitcoins can be created. Anyone on the network can be a miner and a new block is mined roughly every 10 minutes, which includes the latest set of verified transactions. The first release for Bitcoin was version 0.1 written in C++ by Satoshi and published on SourceForge in January 2009 under the open-source MIT license. Anyone could download the source code and run it to join the network, also known as becoming a node in the network. This is the original version 0.1 source code written by Satoshi. We can see the hard-coded genesis block, which is the very first block in the chain. The hash for the block can be verified by using any Bitcoin blockchain explorer. Let’s copy and paste this hash into the blockchain explorer available at blockchain.info. We can see that this hash is for block number 0, and that it has only one transaction in it which is the mining reward, and the reward amount of 50 Bitcoin was given to this Bitcoin address. We can also see this 50 Bitcoin reward for the genesis block in the original source code. The genesis block is a special case needed to start the blockchain and is the only block that is hard-coded, whereas every subsequent block is calculated using proof-of-work. Satoshi’s motivation for creating Bitcoin is revealed in the piece of data he included in the genesis block: a newspaper headline from The Times that read ‘Chancellor on brink of second bailout for banks’. The date of the newspaper is proof that the genesis block was created on or after Jan 3 2009. Satoshi developed the source code mostly himself up until mid-2010, when he handed it off to the open-source community. It is now maintained under the project called Bitcoin Core. The software is currently at version 0.15.1 and is available for download at bitcoin.org. This is still the most popular Bitcoin client, and its estimated that there are over 10 thousand nodes running the Bitcoin network today using various clients. Satoshi disappeared from public view in late 2010, his identity still unknown to this day. The only way someone could prove that they are Satoshi is by using the same encryption keys used when posting the original whitepaper in the online cryptography forum. To read more check out https://blockgeeks.com/
Views: 13569 Blockgeeks
The Halving Explained (Litecoin/Bitcoin)
 
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This was filmed two weeks prior to Litecoins price reaching $8+. While the point still stands the rise was aided by: bitcoins block debate and price manipulation, you can read more on this here: • http://www.miningpool.co.uk/interview-with-andrew-vegetabile-aka-the-mage-on-litecoin-bitcoin-and-more/ • http://cointelegraph.com/news/114809/chinese-pump-n-dump-suspected-as-litecoin-passes-bitcoin-in-trading-volume ♫ Music: Kontinuum - Eternal Echo Andrés - Moments In Life
Proof-of-Stake (vs proof-of-work)
 
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Cryptocurrencies use a ton of electricity because of mining. In recent years people started working on a different technique called Proof-of-Stake. Not only does it use less energy, it can also be more secure. (This video is a re-upload to fix a mistake I made in the previous one. Sorry about that!) 📚 Sources for this video: https://www.savjee.be/videos/simply-explained/proof-of-stake/ 🌍 Social Twitter: https://twitter.com/savjee Facebook: https://www.facebook.com/savjee ✏️ Check out my blog https://www.savjee.be
Even More Miners are Mining Bitcoin at a Loss? What?
 
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This week giveaway - https://gleam.io/MqnjB/win-a-25-bitcoinmerchcom-gift-card While crypto market is going down... More and more people are continue to mine, and even new people are mining now? I will try to explain what is going on and why mining difficulty is keep going up even though mining is generally not profitable right now. Checkout our store http://www.BitcoinMerch.com for mining equipment and cool crypto related merch!
Views: 5456 How Much?
How To Fix Stale, Invalid & Rejected Shares
 
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In this video I explain how to fix the stale / invalid share which is a common problem for beginners when crypto coin mining. I explain what causes stale / invalid shares and what you need to do to fix it. My Links Website http://www.imineblocks.com Facebook https://www.facebook.com/imineblocks Twitter https://twitter.com/IMineBlocks_com Instagram https://www.instagram.com/imineblocks Steemit https://steemit.com/@imineblocks Buy anything on Amazon US http://amzn.to/1Ttb8P9 UK http://amzn.to/27P0s71 Please use the link below to make your donation in one of the 65 supported Altcoins. http://imineblocks.com/donations/ Tips are appreciated. Here's my Addresses Bitcoin:1FFVvaF7A3sjhzX26mNWfuqYKz1CwmEsYh Litecoin:LUUEfTYzsQU1e86kjiDtkwAYmqReZYAPfs Ethereum:0x5B905114167C80276AD28A997f606C698547fe40 Burstcoin BURST-N8KB-DKKW-9C4W-AF289 Storj 1PtCzyShTUXwhf63nRqQuxEgLZRkjwu4SK Dash:XmVpjUbZ12bK4k8E2LnMJeULeUsLcjAyBe BitSend:iRoCVCDSVTyqqojyybMcbRpFU4HhdosVhP Decred:DseJxmrkYw3FncKWJoEH9SswdcDPuyi4DZF Ethereum Classic:0x0927B3ff51BFC3865788aE7ad90246D850c05325 Nexus:2QyTKoWw38qhXZ144gvDuxcMPunquV4o2CLxFTHa4vBUkj1m4Sh NXT:NXT-VJTM-6E5M-7PZ6-9LSXJ Stratis:ST6bqKBoGtvtrVnStDjiGkcfh29KhZDMmw Vertcoin:VkzcFB4qpWta6txy7kjfx6z2pS4VhmmhCn Zcash:t1QAirDg9e9Gyz1YzWFXvBenjyRQq5iYyxi Monero:48CbEcFkNVEd2JyZCTW4erduVKsbBEkwd9n791ayUQjVDx12yc3oZjqbV2NaqdSSXa3NcnpZdDCYZSQ92DpoSztY8xqRkuw
Views: 21224 IMineBlocks
Is $6K the Bottom for Bitcoin [Miners Explain]
 
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Blockchain & Crypto Mining Assoc: https://www.ourbcma.org Signals: https://www.crypto-love.com/signalprofits Shirts: https://www.crypto-love.com/shop Telegram: https://www.crypto-love.com/telegram Training: https://www.crypto-love.com/academy Mining: https://www.crypto-love.com/honeyminer Join me for this informative mining livestream with actual Bitcoin miners. Find out how $BTC price is affected by mining. Is $6,000 the actual bottom for Bitcoin? What happens if the price goes below $6,000. Find out the answers to all these questions and more... Buy Bitcoin on Coinbase: https://www.crypto-love.com/coinbase Buy Cryptos on Kucoin: https://www.crypto-love.com/kucoin Buy Cryptos on Binance: https://www.crypto-love.com/binance To appease money-hungry lawyers and irresponsible people, it should be known that I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE. I am merely educating and entertaining. What you do with your own money is your own responsibility. Seek the counsel of an intelligent financial advisor (good luck finding one) before investing yours or anyone else’s money. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. In limited circumstances the speaker has been compensated by a third party. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. This is not an offer to sell securities. Never invest more than you can afford to lose. You should consult with your professional advisors before purchasing any cryptocurrencies.
Views: 2816 Crypto Love
Bitcoins For Dummies  Explained (Official Video)
 
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Bitcoin (sign: BTC) is a decentralized digital currency based on an open-source,peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009. Bitcoins can be exchanged through a computer or smartphone locally or internationally without an intermediate financial institution.In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal points. Bitcoin is not managed like typical currencies: it has no central bank or central organization. Instead, it relies on an internet-based peer-to-peer network. The money supply is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes. The log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and confirmed by intense calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned money supply that is awarded to the miners once a "block" is confirmed. The amount per block depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140. Bitcoin is the most widely used alternative currency and accepted by various merchants and services internationally. As of March 2013, the monetary base of bitcoin is valued at over $1 billion USD. The large fluctuation in the dollar value of a bitcoin has evoked criticism of bitcoin's economic suitability as a currency. More info; http://bitcoinproducts.blogspot.com/ http://www.bitcoin.com/ Helpful keywords; bitcoin mining,bitcoin price,bitcoins,bitcoin miner,bitcoin value,buy bitcoin,what is bitcoin, buy bitcoins,bitcoins,free bitcoins,bitcoin to usd,local bitcoins,get free bitcoins, what are bitcoins,spend bitcoins,are bitcoins,how to get bitcoins,how to mine bitcoins,how to buy bitcoins,buying bitcoins,buy bitcoins online instantly, buy bitcoins with paypal,buy bitcoins with debit card,where to buy bitcoins, buy bitcoins with cash,get bitcoins fast,how to buy bitcoins with credit card, bitcoins for sale, Helpful hashtags; #BitcoinMining, #BitcoinPrice #Bitcoins #BitcoinMiner #BitcoinValue #BuyBitcoin #whatIsBitcoin #BuyBitcoins #FreeBitcoins #BitcointToUSD #LocalBitcoins #GetFeeBitcoins #WhatAreBitcoins #SpendBitcoins #HowToGetBitcoins #HowToMiineBitcoins #HowToBuyBitcoins #BuyingBitcoins #BuyBitcoinsOnlineInstantly #BuyBitcoinsWithPaypal #BuyBitcoinsWithDebitCard, #WwhereToBuyBitcoins, #BuyBitcoinsWithCash #GetBitcoinsFast #HowToBuyBitcoinsWithCreditCard #BitcoinsForSale
Views: 84149 Ecommerce Collective
Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED
 
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Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. WIRED challenged political scientist and blockchain researcher Bettina Warburg to explain blockchain technology to 5 different people; a child, a teen, a college student, a grad student, and an expert. Check out WIRED's guide to blockchain: https://www.wired.com/story/guide-blockchain/ Find out more about Bettina's research at https://animalventures.com/ Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7 Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV. Here you can find your favorite WIRED shows and new episodes of our latest hit series Masterminds. ABOUT WIRED WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture. Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED
Views: 2103255 WIRED
Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
 
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Bitcoin explained from the viewpoint of inventing your own cryptocurrency. Home page: https://www.3blue1brown.com/ Brought to you by you: http://3b1b.co/btc-thanks And by Protocol Labs: https://protocol.ai/join/ Some people have asked if this channel accepts contributions in cryptocurrency form. Indeed! http://3b1b.co/crypto 2^256 video: https://youtu.be/S9JGmA5_unY Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti/heartbeat Here are a few other resources I'd recommend: Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf Block explorer: https://blockexplorer.com/ Blog post by Michael Nielsen: https://goo.gl/BW1RV3 (This is particularly good for understanding the details of what transactions look like, which is something this video did not cover) Video by CuriousInventor: https://youtu.be/Lx9zgZCMqXE Video by Anders Brownworth: https://youtu.be/_160oMzblY8 Ethereum white paper: https://goo.gl/XXZddT ------------------ Animations largely made using manim, a scrappy open source python library. https://github.com/3b1b/manim If you want to check it out, I feel compelled to warn you that it's not the most well-documented tool, and has many other quirks you might expect in a library someone wrote with only their own use in mind. Music by Vincent Rubinetti. Download the music on Bandcamp: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown Stream the music on Spotify: https://open.spotify.com/album/1dVyjwS8FBqXhRunaG5W5u If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people. ------------------ 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: 2554949 3Blue1Brown
Bitcoin Q&A: Explain Bitcoin to my mother?
 
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Could you explain what Bitcoin is in a non-technical way that my mother / father / grandparents could understand? This question is from the (rescheduled) April Patreon Q&A session, which took place on May 5th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop Note: No offense intended to the all the Bitcoin mums around the world who need no explanation for how this technology works or why it matters. RELATED: Introduction to Bitcoin - https://youtu.be/l1si5ZWLgy0 Bitcoin for Beginners - https://youtu.be/UlKZ83REIkA Blockchain for Beginners - https://youtu.be/i9nUMvpT2rM The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg Bitcoin, Payment Security, and Consumer Protection - https://youtu.be/qMkGfB8X58o Highlights: The Internet of Money, Volume 2 - https://youtu.be/Qkjm5E5BeB8 Measuring Success: Price or Principle - https://youtu.be/mPMsbgWl9p4 Decentralized Globalisation - https://youtu.be/QoiR4aNbTOw Bitcoin For Beginners Playlist - https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj Consensus and Forkology Playlist - https://www.youtube.com/playlist?list=PLPQwGV1aLnTvgdxHfhgEYhyX10YTxQS-M Where can I buy and spend bitcoin? - https://youtu.be/RPR5dtmXnY8 Job opportunities with cryptocurrencies - https://youtu.be/89_p4pDlQtI Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 21103 aantonop
Bitcoin Q&A: Nonces, mining, and quantum computing
 
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Who generates the nonce? What makes it random? How is nonce-guessing important to the competitive process of mining? What happens if the hashing algorithm (SHA-256) was compromised? Is quantum computing a threat? More on nonces and the mining process: https://github.com/bitcoinbook/bitcoinbook/blob/8ae3c056fb257111bda8883d9d204e8476f9870c/ch09.asciidoc More about the SHA-1 collision: https://security.googleblog.com/2017/02/announcing-first-sha1-collision.html More about SHA-1 and Bitcoin: https://bitcoin.stackexchange.com/questions/75135/is-sha-1-used-in-bitcoin CORRECTION: At 5:53, I described what a collision was. However, the definition I outlined was actually for a pre-image attack, which is distinct from collision attacks. The subtitles have been edited to include the correction. https://en.wikipedia.org/wiki/Preimage_attack These questions are from the MOOC 7.2 and 9.2, which took place on February 26th 2017 and February 23rd 2018 respectively. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Consensus Algorithms, Blockchain Technology, and Bitcoin - https://youtu.be/fw3WkySh_Ho Advanced Bitcoin Scripting Part 1: Transactions and Multisig - https://youtu.be/8FeAXjkmDcQ Advanced Bitcoin Scripting Part 2: SegWit, Consensus, and Trustware - https://youtu.be/pQbeBduVQ4I What is Consensus: Rules without Rulers - https://youtu.be/2tqo7PX5Pyc Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0 Software distribution security - https://youtu.be/_V0vqy046YM What is mining? - https://youtu.be/t4p4iMqmxbQ The mining process - https://youtu.be/L4Xtau0YMJw Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw Cryptographic primitives - https://youtu.be/RIckQ6RBt5E The rules of Bitcoin (part 1) - https://youtu.be/VnQu4uylfOs The rules of Bitcoin (part 2) - https://youtu.be/vtIp0GP4w1E Rules versus rulers - https://youtu.be/9EEluhC9SxE The value of proof-of-work - https://youtu.be/ZDGliHwstM8 Migrating to post-quantum cryptography - https://youtu.be/dkXKpMku5QY Could a state-sponsored 51% attack work? - https://youtu.be/KUd8ZGgm6Qo Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Decentralized power, leaderless governance - https://youtu.be/E5VbDlQTPzU Scaling, trust, and trade-offs - https://youtu.be/vCxmHwqyJWU What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ Why running a node is important - https://youtu.be/oX0Yrv-6jVs Lightning, full nodes, and miners - https://youtu.be/dlJG4OHdJzs Running nodes and payment channels - https://youtu.be/ndcfBfE_yoY What happens during a fork? - https://youtu.be/XBk8hBJ1xVo SegWit adoption - https://youtu.be/KCsTVTRk6I4 Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs Energy consumption - https://youtu.be/2T0OUIW89II Solar energy and mining in space - https://youtu.be/cusakcpa8AM Bitmain and ASICBoost allegations - https://youtu.be/t6jJDD2Aj8k Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 11049 aantonop
Bitcoin and cryptocurrencies explained for beginners
 
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Bitcoin has been all over the news in recent days, reaching all-time highs then dropping thousands in minutes. So what is the hype all about?
Views: 54425 TRT World
Blockchain tutorial 24: Blockchain and miners
 
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This is part 24 of the Blockchain tutorial explaining what a Blockchain is and what miners are. This tutorial explains the following: - what the blocks are in the blockchain - what data does a block contains - what a block number and block height is - what a genesis block is - what a main chain, side fork or orphaned forks are - what miners are and their purpose - what a coinbase transaction is and how Bitcoins are created - there will be maximum 21 million Bitcoins - what a block reward is - what block reward halving is - what a hash puzzle is In this video series different topics will be explained which will help you to understand blockchain. Bitcoin released as open source software in 2009 is a cryptocurrency invented by Satoshi Nakamoto (unidentified person or group of persons). After the introduction of Bitcoin many Bitcoin alternatives were created. These alternate cryptocurrencies are called Altcoins (Litecoin, Dodgecoin etc). Bitcoin's underlying technology is called Blockchain. The Blockchain is a distributed decentralized incorruptible database (ledger) that records blocks of digital information. Each block contains a timestamp and a link to a previous block. Soon people realises that there many other use cases where the Blockchain technology can be applied and not just as a cryptocurrency application. New Blockchain platforms were created based on the Blockchain technology, one of which is called Ethereum. Ethereum focuses on running programming code, called smart contracts, on any decentralized application. Using the new Blockchain platforms, Blockchain technology can be used in supply chain management, healthcare, real estate, identity management, voting, internet of things, etcetera, just to name a few. Today there is a growing interest in Blockchain not only in the financial sector but also in other sectors. Explaining how Blockchain works is not easy and for many the Blockchain technology remains an elusive concept. This video series tries to explain Blockchain to a large audience but from the bottom up. Keywords often used in Blockchain conversation will be explained. Each Blockchain video is short and to the point. It is recommended to watch each video sequentially as I may refer to certain Blockchain topics explained earlier. Check out all my other Blockchain tutorial videos https://goo.gl/aMTFHU Subscribe to my YouTube channel https://goo.gl/61NFzK The presentation used in this video tutorial can be found at: http://www.mobilefish.com/developer/blockchain/blockchain_quickguide_tutorial.html #mobilefish #blockchain #bitcoin #cryptocurrency #ethereum
Views: 12590 Mobilefish.com
Bitcoin: How Cryptocurrencies Work
 
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Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Dalton Hubble Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg ---------- Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow ---------- Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi ---------- Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow ---------- Looking for SciShow elsewhere on the internet? Facebook: http://www.facebook.com/scishow Twitter: http://www.twitter.com/scishow Tumblr: http://scishow.tumblr.com Instagram: http://instagram.com/thescishow ---------- Sources: https://bitinfocharts.com/ https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/ https://www.youtube.com/watch?v=Lx9zgZCMqXE https://www.youtube.com/watch?v=nQZUi24TrdI https://bitcoin.org/en/how-it-works http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee http://www.makeuseof.com/tag/how-does-bitcoin-work/ https://blockchain.info/charts/total-bitcoins https://en.bitcoin.it/wiki/Controlled_supply https://www.bitcoinmining.com/ http://bitamplify.com/mobile/?a=news Image Sources: https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
Views: 2729398 SciShow
The Bitcoin Blockchain Explained
 
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Forget the currency; it’s the protocol behind it that matters. Blockchains will mutate and take over everything we do on the Web. Trusting strangers with your digital information may sound silly, but it’s actually a revolution in distributed computing. And one day, systems like Bitcoin could be the future of all secure digital transactions. Read more: http://bit.ly/29jiJ3B
Views: 114048 IEEE Spectrum
Bitcoin - The Cryptocurrency Explained
 
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Subscribe : https://www.youtube.com/c/Questn Tumblr : https://questn-youtube.tumblr.com Cryptocurrency, as the name suggests, are currencies which are generated by computer codes, thus it has no issuing agency. Any cryptocurrency is generated by ‘miners’ on a cryptocurrency network like bitcoin that solves complex mathematical problems. Bitcoin is the name of the oldest and most popular cryptocurrency network as well as the unit of currency generated by the same network. Except the fact that it is virtual and decentralized, bitcoin behaves very much like any real currency you know. Whatever the Bitcoin price is at the moment, we tried to explain the concepts of bitcoin and how it works in a simplified manner. We hope you learn something from the video. Some other sources will be given below if you want further details. The Bitcoin whitepapers by Satoshi Nakamoto: https://bitcoin.org/bitcoin.pdf Other sources: 1. https://bitcoin.org/en/how-it-works 2. https://www.investopedia.com/news/how-bitcoin-works/ 3. http://www.imponderablethings.com/2013/07/how-bitcoin-works-under-hood.html 4. https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it 5. http://www.bitcoin.kn 6. https://www.youtube.com/watch?v=Lx9zgZCMqXE&t=395s 7. http://www.iamsatoshi.com/category/video-archive Music Masterpiece: Beethoven - Moonlight Sonata Thank You and Farewell until next time!
Views: 2418 Questn
Explaining Bitcoin to a Fifth Grader | George Donev | TEDxYouth@HPA
 
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A simple explanation about a not so simple “currency”. HPA student. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
Views: 232219 TEDx Talks
How Does BitCoin Work?
 
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If money is only valuable when we believe in it, how much is a BitCoin actually worth? Jonathan explains the virtual currency as well as how to mine it and the risks involved in investing. Whether the topic is popcorn or particle physics, you can count on the HowStuffWorks team to explore - and explain - the everyday science in the world around us on BrainStuff. Download the New TestTube iOS app! http://testu.be/1ndmmMq Watch More BrainStuff on TestTube http://testtube.com/brainstuff Subscribe Now! http://www.youtube.com/subscription_center?add_user=brainstuffshow Watch More http://www.youtube.com/BrainStuffShow Twitter http://twitter.com/BrainStuffHSW Facebook http://facebook.com/BrainStuff Google+ http://gplus.to/BrainStuff
cryptojacking explain II what is cryptojacking II Protect Yourself From Cryptojacking
 
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cryptojacking explain - what is cryptocurrency and cryptojacking explained. 2018 - Is Bitcoin mining profitable after the mining difficulty increased dramatically in the past 2 years this video will explain what is cryptojacking how to check if you are a victim of cryptojacking and how to protect yourself from cryptojacking... 2018 - How to Mine Bitcoin In Your Mom's Basement Tags: bitcoinbitcoin earnbitcoin minerbitcoin miningBitcoin Mining and Crypto JackingBitcoin mining techniquecryptocrypto hackercryptocurrencycryptocurrency miningcryptojackingethereumhackhackerhackingHow to mine bitcoinhow to protect from cryptojackingjavascriptminingnocoinrh worldwhat is cryptojacking 2018 - What is cryptojacking, how Monero enables cyber criminals and how Coinhive injections affect your information and your computer hardware Data Sheet-This Bitcoin Mining Technique Is Being Used in Malware - Fortune 2017 - What Is Cryptojacking In Hindi: Cryptojacking एक ऐसा तरीका है जिसमे आपके Computer की मदद से Cryptocurrency बनाया जाता है| जब आप कोई Website visit करते हो वह Website आपके computer की power की मदद से Cryptocurrency Mine करती है|
Views: 332 Hindi Mein Jaankari
Bitcoin Mining
 
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Views: 79 Bitcoin Mining
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: 223057 Khan Academy
Bitcoin explained: How do cryptocurrencies work? - BBC News
 
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An estimated £3-4 billion is being laundered via cryptocurrencies in Europe every year, the director of Europol has told the BBC. It comes as the Shadow Treasury Minister, Alison McGovern, says much speedier regulation is needed. But what are cryptocurrencies? Spencer Kelly explains all. Please subscribe HERE http://bit.ly/1rbfUog World In Pictures https://www.youtube.com/playlist?list=PLS3XGZxi7cBX37n4R0UGJN-TLiQOm7ZTP Big Hitters https://www.youtube.com/playlist?list=PLS3XGZxi7cBUME-LUrFkDwFmiEc3jwMXP Just Good News https://www.youtube.com/playlist?list=PLS3XGZxi7cBUsYo_P26cjihXLN-k3w246
Views: 175651 BBC News
What is Bitcoin Mining?
 
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For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? This short video is an animated introduction to Bitcoin Mining. Credits: Voice - Chris Rice (www.ricevoice.com) Motion Graphics - Fabian Rühle (www.fabianruehle.de) Music/Sound Design - Christian Barth (www.akkord-arbeiter.de) Andrew Mottl (www.andrewmottl.com)
Views: 6819598 BitcoinMiningCom
[Craig Geswindt]Paying For A Bitcoin Mining Contract With A Voucher
 
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In this video I explain how to purchase a bitcoin mining contract with a voucher Disclaimer: Results are NOT typical and are dependent on factors such as bitcoin price, mining difficulty, your repurchase strategy, etc. I am NOT a Financial Advisor. Do your own research and never spend more than you are prepared to lose. There is risk in everything, however, if you never take risks you're unlikely to experience rewards :-) -~-~~-~~~-~~-~- Please watch: "(285) [Craig Geswindt]Clickfunnels Rockstars - Make Money Online Training " https://www.youtube.com/watch?v=GNoo4_127W0 -~-~~-~~~-~~-~-
Views: 47 Craig Ges