Adam Back: Two Bitcoin interviews (back-to-back)
Crypto Voices
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How Does Bitcoin Mining Work?
Bitcoin mining is doing that using one-way hash functions. It's just incrementing a counter, including some data about the transactions and the previous lots of transactions. And then doing the hash and seeing how many zeroes and ones there are at the beginning of the hash output in binary form. So, Bitcoin is kind of doing something where more work is happening as the prices increase to keep the supply constant economically.
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