D++: Understanding Bitcoin Mining Simply
Coin Stories
How Did You Discover Bit Coin?
Bickin's background is computer science. He says he first heard about bit coin because of the silk road in two thousand 12. Bickin: "I didn't really know how magically important it was, probably until two thousand 19"
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Timecodes:
00:00 Promo codes
01:58 Explaining the meaning behind D++
04:41 What is C++?
05:12 Always interested in computer science?
05:42 Discovering BTC
06:16 Understanding Bitcoin mining
06:48 Simplest explanation of Bitcoin mining
07:38 Hashing operations
10:52 SHA-256
13:15 Same input will yield same output
14:53 SHA-256 demonstration
17:02 Bitcoin mining and blockchain demonstration
18:47 What is a nonce?
22:00 BTC mining computers aren't solving cryptographic puzzles
23:50 Finding the nonce
26:46 iTrustCapital break
27:34 Fold app break
28:07 Difficulty target adjustment and importance
30:04 Difficulty target is like a bicycle lock
32:08 Miners and nodes
33:17 Why is understanding BTC intimidating?
34:01 Why is the Bitcoin network rock solid?
34:47 Energy consumption
36:39 Mining pools
38:12 Threats to Bitcoin?
38:31 Cypher Institute: corporate Bitcoin education
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