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Bitcoin Essentials

You're reading from Bitcoin Essentials Gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques

Product type Paperback

Published in Feb 2016

Publisher

ISBN-13 9781785281976

Length 130 pages

Edition 1st Edition

Tools

Bitcoin

Concepts

Cryptocurrency

Author (1):

Albert Szmigielski

View More author details

Table of Contents (10) Chapters

Preface

1. Bitcoin Wallets and Mining Software FREE CHAPTER

2. CPU Mining

3. GPU Mining

4. FPGA Mining

5. ASIC Mining

6. Solo Versus Pool Mining

7. Large Scale Mining

8. The Future of Bitcoin Mining

Index

Decentralized mining is key

Bitcoin's reputation as a decentralized system depends upon keeping the mining fairly decentralized. Although it is highly unlikely that a miner will act maliciously in the event of obtaining the majority of the network hash power. However, it is better for everyone involved that no single miner reaches this threshold. A decentralized mining system gives a lot of participants in the Bitcoin experiment peace of mind. After all, there is some serious money at stake now. Bitcoin's market cap, as of early 2016, is around 7 billion US dollars.

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Authors (1)

Szmigielski

Szmigielski

Albert Szmigielski is a thinker, a computing scientist, a software engineer, and a blockchain professional. He holds a BSc in Computer Science and an MSc in Digital Currency. He has been involved in a number of start-ups and software projects. He believes in a decentralized, distributed nature of storing information, and hence has an interest in Bitcoin and blockchain technology. Albert is a researcher at CryptoIQ and a mentor at the Blockchain Institute. He frequently contributes to his blog at blog.cryptoIQ.ca.

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