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Bitcoin How Long To Solve A Block - How To Mine BTC
 
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Bitcoin How Long To Solve A Block
 
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Bitcoin How Long To Solve A Block - Bitcoin Hardware
 
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Bitcoin How Long To Solve A Block - Cryptocurrency Mining Programs
 
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Bitcoin How Long To Solve A Block - Genesis Mining Returns
 
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Bitcoin How Long To Solve A Block - Cryptocurrency Mining With Gtx 1070
 
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I found my first block Bitcoin mining today with Kano's pool using Antminer s7
 
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Bitcoin How Long To Solve A Block - Genesis Mining Erfahrungen
 
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Bitcoin How Long To Solve A Block - Cryptocurrency Mining Store
 
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Bitcoin How Long To Solve A Block - Earn Bitcoin Automatically
 
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Views: 3 Carpenter James
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: 832244 3Blue1Brown
Bitcoin How Long To Solve A Block - Mining Pool Minimum Payout
 
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Bitcoin How Long To Solve A Block - Mining Pool Shares
 
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Bitcoin How Long To Solve A Block - Bitcoin Mining No Pool
 
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Genesis Mining X11 Profitability - Bitcoin How Long To Solve A Block
 
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Bitcoin How Long To Solve A Block - Cryptocurrency Mining Electricity
 
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Blockchain - How To Verify A Bitcoin Transaction And Get Your Hash ID
 
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For more tips like these visit http://bodymindsuccess.com/bitcoin or subscribe to our channel
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Bitcoin How Long To Solve A Block - Earn Bitcoin Ios App
 
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Bitcoin How Long To Solve A Block - Mining Pool Zcash
 
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Bitcoin How Long To Solve A Block - Cryptocurrency Mining Most Profitable
 
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Bitcoin How Long To Solve A Block - Cryptocurrency Mining Legal
 
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What problems can the Blockchain solve?
 
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Food safety has long been a problem in China. Thanks to the block chain technology, Chinese retailers like JD.com are doing their best to ensure food safety in China. Check the video to see how block chain is used in the industry.
Views: 3476 China Matters
Bitcoin How Long To Solve A Block - Bitcoin Trade Hong Kong
 
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Bitcoin How Long To Solve A Block - Mining Pool Gpu
 
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KCN Startup offers Extension Blocks to solve bitcoin scaling issue
 
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Info partners: bitcoingarden.tk, coinidol.com Bitcoin startup suggests new solution to break scaling gridlock. Purse team issued demo of specification that enables the network to optionally support different kinds of blocks in addition to the default 1 MB blocks that today make up the main bitcoin blockchain and that have long been a source of community tension. Extension Blocks enable larger blocks through an opt-in second layer for true on-chain capacity increase. The main features of the innovation are immediate blocksize increase, possibility to further blocksize increase via soft fork, fungibility to transfer funds in and out of the extension block, support for Lightning and Smart Contracts and minimal changes for wallet software. Do you like our video? Donate: BTC: 1JdRXQuqicwSyn61cd9jyXzAk2QUfu4KEW To add subtitles: http://www.youtube.com/timedtext_cs_panel?tab=2&c=UCWN9FtDP3d-jfJu83pGARxw
Views: 60 KCN News
What to Do if Your Bitcoin Transaction Gets "Stuck"...Unconfirmed
 
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Views: 31670 BitcoinEZ
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: 1179166 Ken Shirriff
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: 2565800 SciShow
How Long Will It Take To Mine All Bitcoins?
 
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On the other hand, there are reasons to believe that transaction fees and mining costs will even out in future. Once miners unearth 21 million bitcoins, that will be the total number of bitcoins ever exist. 00000168 btc per day, which is 0. True, while there are some dark sides to this cryptocurrency the enormous cost of mining bitcoins, inability recover lost coins, wallet vulnerabilities, name a few there's plenty misinformation being spread around. But if running the bitcoin network uses up as much yearly electricity a medium sized country, is it worth it? . T is in range 2009 to cca 2140. How much energy does bitcoin mining really use? It's complicated cnbc explains how to mine bitcoins on your own. 23 jan 2014 bitcoins act like cash, but they are mined like gold. Bitcoin wallet in india b mining reward when will the last bitcoin be mined? Bitcoin how long it take to finish remaining coins mine all bitcoins? Youtube. Million bitcoins, or 20 percent, are left to mine until bitcoin's 21 supply cap is reached. Feb 2017 one of the lingering questions being asked aloud is whether or not we will ever see 100. Where do bitcoins come from? With paper money, a government decides when to print and distribute money. How much energy will it take to mine all 21 million bitcoins? Quora. But due to lost and forgotten wallets, the number of 'active' bitcoins will be far lower than that there's really no way tell this answer depends mostly on price development in time p(t). 12 dec 2017 you can mine a block of bitcoins. It is a dynamic parameter that controls hash power needed to mine bitcoin block. One issue critics like to harp on regarding bitcoin's fixed supply is how miners will fare once they lose their block rewards. This provides a 2 dec 2017 bitcoin hype has reached an all time high. In order to compensate miners for their efforts they are awarded with new bitcoins, but 15 jan 2018 this means only 4. Bitcoin doesn't have a central government. The average time it takes to mine a block is 10 minutes, so you would expect transaction take around an hour on. New bitcoins are generated roughly every 10 minutes, but your 21 oct 2017 bitcoin is deflationary, meaning that mined coins finite. If only it were that easy if you're serious about generating steady profit every month from mining bitcoins, you need to understand three simple things how long does actually take mine 1 bitcoin in 2017 4 jan 2018 even all was done with solar power, no upper limit the amount of could place, wouldn't be at current growth rates before literally available land would used for power and. Here's a simple mining calculator from 18 aug 2017 they say i have free electricity. What happens when all 21,000,000 bitcoins have been mined? . However, the how bitcoin mining works. With bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. Can we prevent a global energy crisis from bitcoin mining how long do transactions take? E
Views: 4 Aile Aile
Bitcoin Earning Tricks 2018 - Cryptocurrency Mining What Is
 
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How Bitcoin Empowers the Idea of Money – And Makes it Honest | Toni Lane Casserly
 
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Bitcoin will bring a seismic shift in global finance, says Toni Lane Casserly: "If you are an institution with integrity, generally I would say you don't have anything to worry about." ... So long to the world as we know it. Read more at BigThink.com: http://bigthink.com/videos/toni-lane-casserly-on-bitcoin-and-blockchains Follow Big Think here: YouTube: http://goo.gl/CPTsV5 Facebook: https://www.facebook.com/BigThinkdotcom Twitter: https://twitter.com/bigthink Transcript - Bitcoin is the Internet money. And I say that Bitcoin is the Internet of money not because Bitcoin in and of itself is the Internet but because Bitcoin empowers for the idea of money what the Internet was able to do with information. And in doing that it gives any person in the world the ability to quantify, create, store and share the idea of value in a way that we as a human race have never really been able to do before. And Bitcoin is to Blockchain as email is to the Internet. It is the first major use case of a technology that is so fundamentally going to change the way that we think about our everyday life that it will transform every interaction we have from inception on. Blockchain is called a blockchain because it's literally just that. It is a series of blocks created by computer solving complex math problems that are chained together. And the way that Bitcoin is created is any time one of these blocks, like imagine you just have a bunch of sheets of paper and anytime one of the sheets of paper gets full a bunch of supercomputers from all around the world are all trying to solve these insanely complex math problems that get exponentially more difficult over time. And to give you perspective, it's literally easier to find one grain of sand in the entire universe than it is for one of these computers to solve a math problem created by the Bitcoin blockchain. And because these are so complex and because anytime one of these little computers tries to solve one of these problems they only have a 50/50 chance of getting it right no matter how many times they try and solve it. And so Bitcoin right now is actually the world's largest super computer. It has 500 times the computing power of Google just to create bitcoins. Now anytime one of these computers solves a math problem they get Bitcoin, they create the blocks, cement it and these blocks are all chained together in one long ring. And that has a genesis block and is essentially infinite from the moment the first block on the blockchain was created. And every transaction that happens on the blockchain is stored on the blockchain cannot to be erased, cannot be deleted because the core properties of this technology are fundamentally that a blockchain is borderless, it is decentralized, it is voluntary and it is immutable. Read Full Transcript Here: https://goo.gl/Fptl7N.
Views: 14045 Big Think
BITCOIN LIGHTNING NETWORK IS COMING: TEST A TRANSACTION NOW
 
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Although Bitcoin has managed to gain credibility and legitimacy in the financial world, skyrocketing transaction fees and long transaction times are becoming an increasingly severe handicap. The good news is that developers are making progress towards the Bitcoin Lightning Network (LN) implementation. LN promises to reduce Bitcoin’s transaction fees dramatically, and achieve near-instant transactions. You can test a Bitcoin LN transaction right now.. LIGHTNING NETWORK PROMISES TO REDUCE TRANSACTION COSTS AND CONFIRMATION DELAYS Bitcoin users are unhappy about the high costs of transaction fees. Bitcoin average transaction fees have spectacularly surged from about $0.69 USD in January 2017, to over $28 USD on December 18, as shown in the chart below. BitInfoCharts provide this chart.. Moreover, the Bitcoin network traffic has become clogged due to the rising demand for transactions per block. As a result, confirming Bitcoin transactions is taking an extremely long time. Bitpay explains: "Block sizes are limited, so this means that transactions which exceed the capacity for a block get stuck in a queue for confirmation by bitcoin miners. This queue of unconfirmed transactions is called the bitcoin mempool.". Now, Bitcoin enthusiasts and cryptocurrency experts are centering their hopes on the LN approach to reduce transactions fees and long time-delays.. SOLVING BITCOIN SCALABILITY PROBLEM. The Bitcoin Lightning Network is essentially a decentralized system where users can set up trustless micropayment channels to conduct one or multiple payment transactions off-blockchain.. These channels reside outside the Bitcoin blockchain. However, once the payment channel is closed, the transactions that occurred between the channels are then broadcast, as a single transaction, to the main blockchain network. Thus, no matter the number of micro-transactions conducted, the blockchain is accessed only twice, when the channel is opened and when the channel is closed. Obviously, this approach would significantly reduce the load on the blockchain.. Presently, three teams are independently working on the LN implementation: ACINQ, Blockstream, and Lightning Labs. In early December 2017, they announced that their respective systems had completed payment tests on the main Bitcoin network. Moreover, these tests achieved interoperability across all three implantations.. Right now, to educate potential LN users, the website https://htlc.me/ allows you try a testnet Bitcoin LN transaction. Reddit user Nabugu provides the details of the test here.. As demand for Bitcoin continues to grow, transaction costs and time delays are bound to get worse. However, many Bitcoin enthusiasts and experts are excited about LN. For example, Ryan Radloff, co-founder, and principal at CoinShares, explicitly told CNBC that LN was the solution, adding: "[LN] is a technological implementation that, later this year, is going to solve this [problem], and we’re very excited about that.". What
Views: 198 Cryptocurrency News
App To Earn Bitcoin - Earn Bitcoin Money
 
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Views: 55 Carpenter James
6 Things You Didn't Know About a Blockchain
 
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Blockchain explained! Here’s how to understand the blockchain & the technology behind Bitcoin & cryptocurrency. A blockchain is essentially a super secure form of record-keeping. It’s made up of a list of digital transactions, information, data, or whatever else you can think of, that are grouped together in “blocks” then added to a row of past blocks to form a “chain,” hence the name “blockchain.” What powers the blockchain is a network of computers (or nodes) working together to verify each transaction & adding it to the chain of blocks so it’s viewable to the public & can’t be changed or edited retroactively. This makes it virtually impossible for human error to ever occur, therefore ensuring the blockchain’s long-lasting integrity. Blockchains operate autonomously, meaning they’re self-governed & their actions are carried out without any outside control or influence whatsoever. In the case of Bitcoin, it solves the problem of double-spending by ensuring that each unique transaction doesn’t occur more than once. Like I said earlier, data on the blockchain is resistant to any modifications. The only time it can be retroactively altered is when a majority of the computers in the network agree to let these modifications take place. But doing so consequently alters subsequent blocks. If I wanted to send you $1,000 using a traditional bank wire, I’d have to pay between $35-$45 in fees & wait between 3-5 business days for you to get your money. It’s because blockchain technology’s autonomous nature allows for transactions to take place directly from one person to another without the need for third-party services to regulate the transaction. It simply facilitates the transaction for cheaper & faster. It’s also extremely secure. Not only is its foundation based on cryptography, but its decentralized nature means there’s no single access point in which hackers can exploit it, making vulnerabilities within the system practically non-existent. Basing it in one specific location makes it “centralized.” Blockchains are “decentralized,” meaning their information is stored on thousands, if not, millions, of network computers all across the globe. Any hacker looking to taint the data would have to access each & every one of these computers at the same exact time! Ledgers based on blockchain technology are also open & public, making them easily verifiable. Anyone can view any transaction for any amount at any time, while still keeping user identity anonymous. Additionally, it’s designed to check in with itself in a sort of self-auditing manner. Satoshi Nakamoto was the first to conceptualize & implement blockchain technology when he introduced Bitcoin to the public. As I said before, the Bitcoin blockchain is upheld by a network of nodes that verify each & every transaction in a process as “mining.” Mining involves setting up a computer & connecting it to Bitcoin’s blockchain network using a client designed specifically for validating & relaying transactions. Once connected, the computer is automatically required to download a copy of the entire blockchain. It’s at this point that the computer can begin solving complex mathematical puzzles to verify transactions in a process called “proof-of-work.” Once a puzzle has been solved, the transaction is added into a block, a new copy of the ledger is distributed to the entire network, & the miner is rewarded with a certain amount of Bitcoin. Now, say you’ve sent me 1 BTC, the transaction has been verified, & it’s been added to the latest block; since then, another newer block has been created & added to the chain. It’s said that the block in which our transaction can be located is “1 block deep.” Most merchants & exchanges won’t consider the transaction confirmed until it’s 6 blocks deep or more. Doing so prevents any possibility of double-spending from occurring. These days, a new group of BTC transactions is accepted & formed into a block every 10 minutes on average. There are currently over 1,100 new cryptocurrencies available, most of which use different technology. Bitcoin’s primary function is a transfer of value directly from one person to another...but that’s just the tip of the iceberg. One such other cryptocurrency is Ethereum, which we’ll discuss in further detail later since it warrants its own video. To give you the gist of it though, Ethereum allows for smart contracts to function & also acts as a platform for developers to create & deploy other decentralized applications aka “Dapps.” Storj will take your photos, break each photo up into smaller files, encrypt each file for safety & security purposes, then distribute them to be stored across other hard drives within the Storj network. Disclaimer: This is not financial advice. I absolve myself of all responsibility (directly or indirectly) for any damage, loss caused, alleged to be caused by, or in connection with the use of or reliance on any content, goods or services mentioned in this article. As usual, DYOR.
The Problem with Bitcoin is Not Block Size
 
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and Freeloaders. If your transaction have been taking too long pay a 5 cent transaction fee. I do several transactions a day & I pay fees based on importance...as the system was designed. Leave your comments @ http://theartdept.info
Views: 419 banderdash
Bitcoin Cash new cryptocurrency explained! Bitcoin August Fork Split
 
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Please watch: "How Facebook targeted advertisements track you online, offline and where they sell your private data" https://www.youtube.com/watch?v=9sFl2qGedFQ -~-~~-~~~-~~-~- Hi, this is Bitcoin Cash explained video. What is Bitcoin Cash? A new cryptocurrency was created as fork of original Bitcoin. Explaining Bitcoin Cash is like trying to shoot a moving target - there is lot going on in with the new blockchain. At some point, it looked like Bitcoin Cash will crash, but right now it does receive more support from mining pools. After all, everybody who owned bitcoins on August 1st would be rewarded equal amount Bitcoin Cash. That's some extra money for free, right? This video is about Bitcoin Cash explained! Enjoy my bitcoin cash video explanation! Well not so many people were to eager to deal with Bitcoin Cash, which resulted in a state where it was impossible to move it, sell it, or cash for fiat money (e.g. dollars). So what is Bitcoin Cash exactly? What is bitcoin cash? Bitcoin Cash is a fork of Bitcoin. Bitcoin is an open source cryptocurrency that relies on pure mathematics and economics to determine its value. Since the software of Bitcoin is open source, anybody can take it and create their own currency. The real catch here is that it needs to be supported, if you want it to have any value. Bitcoin cash fork a new cryptocurrency Bitcoin Cash was created because some developers and few big mining pools wanted to increase size of Bitcoin blocks from 1 MB to 8 MB. Each block holds a number of transaction, which take up some space of bytes. These are blocks are validated by solving difficult puzzles, for which miners receive rewards (Bitcoins). Bitcoin blocksize limit debate However, the bitcoin's block size limit allowed maximum of 7 transactions a minute. And as Bitcoin grows in number of users, this cap was soon to be hit, which resulted in slow down of confirmations of transactions. Bitcoin growth The limit is made to secure the network and ensure its decentralized nature that prevents big players from gaining control. That wasn't appealing to some people who view Bitcoin's growth as more important than decantralization and security. This dispute over Bitcoin's block size limit was going on for over 2 years and escalated into now forking Bitcoin Cash as a separate cryptocurrency independent from Bitcoin. Both Bitcoin and Bitcoin Cash exist and trade simultaneously, and they have no direct effects on another. Difference between Bitcoin and Bitcoin Cash is now like between Bitcoin and Ethereum, or any other cryptocurrency in the world. What does Bitcoin split to Bitcoin Cash mean in the long run? That's really hard to tell. Bitcoin Cash was made to surpass or even replace original bitcoin, but bitcoin is now growing value, surpassing $3,000 dollar milestone just after the fork of Bitcoin Cash. Bitcoin will implement SegWit, Segregated Witness, to deal with the pressure of its own growth. You'll learn what is segwit in this video. Nevertheless, it's going to be extremely interesting and worthwhile studying cryptocurrency as they keep growing on value, influence, and bitcoin is now even entering mainstream. Sources: To understand Bitcoin and cryptocurrency: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ Bitcoin blockchain technology https://www.coindesk.com/information/what-is-blockchain-technology/ Bitcoin Cash just split https://arstechnica.com/tech-policy/2017/08/why-the-bitcoin-network-just-split-in-half-and-why-it-matters/ https://arstechnica.com/tech-policy/2017/07/a-new-deal-could-end-bitcoins-long-running-civil-war/ Bitcoin block size limit https://www.cryptocompare.com/coins/guides/what-is-the-block-size-limit/ What is SegWit https://www.cryptocompare.com/coins/guides/what-is-segwit/ https://mybroadband.co.za/news/banking/206742-bitcoin-and-ethereum-vs-visa-and-paypal-transactions-per-second.html http://www.businessinsider.com/bitcoin-cash-price-may-be-house-of-cards-close-to-collapsing-2017-8 Credits: Painted Indigo by Teknoax Real Chill Experimental Freestyle Hip Hop Instrumental (With Trippy visuals) by Chuki Beats https://www.youtube.com/user/CHUKImusic Follow me: https://twitter.com/The_HatedOne_ https://www.reddit.com/user/The_HatedOne/ https://www.minds.com/The_HatedOne Help us fight for our digital rights: https://act.eff.org/ The footage and images featured in the video were for critical analysis, commentary and parody, which are protected under the Fair Use laws of the United States Copyright act of 1976.
Views: 1167 The Hated One
How to Mine Bitcoins Using Your Own Computer
 
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For a full beginner's guide on mining Bitcoins visit: http://bit.ly/2ya2CmP IMPORTANT!! This method only illustrates how mining works. You will not make any money from it and it's only for learning purposes. 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: 1418111 99Bitcoins
Ethereum Mist Wallet - How to fix when blockchain won't sync up
 
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A video showing how to fix a stuck wallet. Use this method if your Ethereum wallet is stuck and a block and won't download the blockchain. . Buy anything on Amazon US http://amzn.to/1Ttb8P9 UK http://amzn.to/27P0s71 Tips are appreciated. Here's my Addresses Bitcoin 12v4d15AuopsVzudct7J8LJMm7qH95SxA1 Ethereum 0x5B905114167C80276AD28A997f606C698547fe40
Views: 42742 IMineBlocks
Zcash Mining Online - Bitcoin Mining No Pool
 
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Zcash Mining Online - Bitcoin Mining No Pool more, here: http://tinyurl.com/5ul4b845yv Promo code: NVqi5O Bitcoin is really a globally currency which uses an open ledger procedure in order to record trades being submitted anyone to another. All this happens without central financial institution in the middle and it is not governed by government, controlling system, individual business, or particular person. zcash best gpu bitcoin cloud mining meaning bitcoin how long to solve a block litecoin mining calc genesis mining login ethereum mining rate
Views: 59 Chong Rubio
Blockchain scaling problem And ICO Doom!
 
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Blockchain scaling problem And ICO Doom! You'll receive $10 in free bitcoin by signing up with this link http://bit.ly/2oesV41 Bitcoin & Ethereum Storage Wallet: http://bit.ly/2o7BmgW Exchange cryptocurrency at the best rate: http://bit.ly/2yOUg1U Consulting with me: Book Here https://clarity.fm/ameerrosic Blockgeeks YouTube Channel https://www.youtube.com/c/BlockGeeks All I want to do is, talk about the absurdity and FOMO economics of the ICO space and why Blockchain tech is not yet ready for the promises it delivers. On that note, if you missed my last post about “why 99% of ICO will Fail” I recommend that you read that first The reality of today is. Blockchain promises this. ...But delivers that. Too many people are feeding the hype and promise of this amazing tech way before it has time to mature. So I just want you to read this point to understand that we are a long way before we can scale and deliver on the promise. Big Elephant in the room is scalability Blockchain consensus protocols like Bitcoin, Ethereum, Tendermint make a tradeoff between low transaction output and being an open source decentralized system vs a Centralized system. As the size of the blockchain grows, the requirements for storage, bandwidth, and compute power, goes up and up and up. Why does this cause a problem? Because every fully participating node in the network must process every transaction. Meaning each node, for the most part, needs to download and update the whole blockchain. Remember that blockchains have one inherent critically important characteristic — “decentralization” — which means that every single node on the network processes every transaction and maintains a copy of the entire state. In order to scale, blockchain protocols must figure out a mechanism to limit the number of participating nodes needed to validate each transaction, without losing the network’s trust I will give you an example with Ethereum This is via Fred Ershan “At the moment, Ethereum can handle about 13 transactions per second, which cuts in half to about 7 transactions per second for tokens (4.7m gas limit, 21k avg gas price for standard txn = ~220 standard txns every block, current avg block time 17s = 13 txns/sec, gas requirement roughly doubles for token transactions). And this doesn’t include more expensive smart contract execution. By this estimate we’re roughly 250x off being able to run a 10m user app and 25,000x off being able to run Facebook on chain. And since these systems are open rather than proprietary, we’ll see applications bigger than Facebook. This estimate isn’t perfect because the dApp stack functions differently in places than the current Web 2.0 stack. But I believe it’s in the right ballpark. This is why I believe scalability will be the primary bottleneck for the industry for the foreseeable future.” Where do we go from here? Simple answer. We need to be working more on protocol layers for scaling for both scaling transactions and also scaling security protocols. Some that come to mind are. Plasma Cosmos Lighting network Ethereum Casper - POS Etc… All of these are still under development and it will take years before we see the speed and security that we need in order to sustain the hype that blockchain promises. And this why I stress the education part on ICO's. It's scary when you see all of these ICO's raise millions that are building on top of protocols that won't be ready for years. Bottom line. We have a long way to go! My name is Ameer Rosic, and I'm a serial entrepreneur, investor, Marketing Strategist and Blockchain Evangelist Book Recommendations: http://amzn.to/2pv7kF4 Blockchain Training: http://bit.ly/2nGhdn0 Blog http://www.Ameerrosic.com Blockgeeks: http://www.blockgeeks.com Facebook http://www.Facebook.com/ameerrosic Twitter http://www.Twitter.com/ameerrosic InstaGram http://www.Instagram.com/ameerrosic
Views: 13403 Ameer Rosic
Cryptocurrency - A Financial Revolution
 
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HybridBlock Official, https://hybridblock.io/ I see you’re here which means you’re interested to learn about the latest form of currency taking over the economy. That’s great because you’re in exactly the right place. You may have noticed that the economy of the world has come a long way from back in the day. Just how long? Let’s go back in time to see where and how it all began… Once, we got what we needed from bartering – the trading of goods for kind. Then came the first concept of currency in the form of rocks and stones as a ledger to keep track of who owed who what. Of course that didn’t pan out too well given how widely available it is, not to mention its irregularity. Gold proved a good solution by being universally scarce, visible, transportable, durable, recognisable and tangible. Today’s modern currency evolved from that, issued in the form of paper bills we call cash. They all serve the basic purpose of holding value for the exchange of goods and services. But as we evolve as a race, our currencies are changing too. As our lives get increasingly transported to a digital era, so is our money. And here’s where we get to know Bitcoin, the first form of wholly digital money. It ticks all the criteria of a currency – it is the first scarce digital resource to ever exist. There will never be more than 21 million Bitcoins. It is divisible – one bitcoin can be divided into 1 million bits. It is frictionless – it can be sent and exchanged by email, text message or even on paper for free and in real time. It is verifiable – it uses advanced cryptography and cannot be faked. It is global – it is decentralised and is not controlled by anyone or any party. It is open-sourced – it does not belong to anyone and we all own it. Since Bitcoin was first introduced in 2009, it has continually broken new records, so much so that it has been regarded as the best performing currency since 2010. Don't just take our word for it. Even Tom Lee of Fundstrat Global Advisors believes that Bitcoin may one day be well worth US$25,000 in 5 years’ time. In 10 years, it could come to be worth US$100,000. But it wasn’t always smooth sailing for the new cryptocurrency. There was a time when China declared a nationwide ban of ICO and shutdown of Cryptocurrency exchange platform in September this year, causing a precipitous drop in cryptocurrency flows worldwide. What will happen with all the money now? Do I still have your attention? Well, prepared to be wowed even more. Despite the ban in one of the largest markets in the world, Bitcoin continued to soar in value. It made a comeback with an increase of more than 10% in price on every bitcoin exchange market globally. Need more examples of the potential of Bitcoin? Take a look at Jeremy Gardner, the living testament to its power when invested in efficiently – Gardner become a millionaire at 25 years old despite being a college dropout. Yet, Bitcoin isn’t the only digital currency in the market. The second most valuable form of digital money after Bitcoin is Ethereum, which has shown a return of investment of 1162 times since its introduction in 2014. Now there’s a new token to watch out for... the Hybrid Block. Learn all you need to know about this new wave of cryptocurrency revolution with Hybrid Summit, a one-stop opportunity for you to learn from the professionals. Get up to date on the trends in investment, blockchain technology, cryptocurrencies and regulations involved with experts of the industry. Welcome to Hybrid Summit, brought to you by Hybrid Block in partnership with Aston and Coinlink.
Bitcoin What To Know - Explaining Bitcoin
 
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Discount Genesis Mining http://tinyurl.com/51aha3el2oi Coupon is HWvl6U Bitclub Network: http://tinyurl.com/5me77a7o7a 3. Hashflare Mining Contracts: http://tinyurl.com/auuih36e7 Coupon - 5510B64A Bitcoin is actually a worldwide currency that utilizes an open ledger procedure to record transactions being sent in anyone to another. All this happens with no central financial institution in the centre and it is not operated by government, controlling body, individual organization, or person. Bitcoin What To Know? All purchases will be entirely transparent and a large number of copies in the ledger are actually kept around a distributed circle of computer systems with no anchorman of failing. Quite simply, Bitcoin is truly a true decentralized currency that no-one can regulate and that's why most people are actually getting excited about it. bitcoin how long to confirm transaction, bitcoin mining software and bitcoin how long to solve a block genesis mining support, genesis mining maintenance fees genesis mining xmr bitclub network arbitrage
Views: 26 Gregg Vrost
Blockchain vs. Bullshit: Thoughts on the Future of Money
 
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In this talk "Blockchain vs. Bullshit - Thoughts on the Future of Money," Andreas outlines the necessary criteria that will help you distinguish blockchains from bullshit, and why the goal of developing this technology should not be "banking the unbanked" but rather de-banking all of us. This keynote talk took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa: http://blockchainafrica.co/speakers/andreas-m-antonopoulos/ TOPICS: The hype and empty promises around "blockchain" 2:30 Reconsidering info security, research in applied cryptography 4:45 Blockchains vs. databases 7:13 The essence of Bitcoin: revolutionizing trust 8:33 Open blockchains are the only ones that matter 10:24 Censorship resistance and other important characteristics 13:12 Criteria: blockchain or bullshit? 14:05 Fundamentally changing the allocation of trust 15:45 Permissioned "distributed ledgers" are boring & insecure 16:43 Hey Wall Street, Anonymous is coming for your keys 21:48 Promising opportunities, solving the unsolvable problems 23:06 The 3 elements to success in this industry 24:50 The necessary steps to mature out of infancy 27:44 QUESTION & ANSWER: Hot vs. cold wallets - https://youtu.be/Aji_E9sw0AE The revolution in trust - https://youtu.be/iWfpxB3HZOY RELATED: Blockchain for Beginners - https://youtu.be/i9nUMvpT2rM How to get people to care about security - https://youtu.be/Ji1lS9NMz1E Welcome to TrustNet - https://youtu.be/Rrj8sjHJthU Hardware, Software, Trustware - https://youtu.be/Etyjc1JdmFU Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0 What are the most exciting recent developments? - https://youtu.be/bCG5og_LwZY Trust, promise of value, and intrinsic utility - https://youtu.be/Cxc9ybot9oM The oxymoron of national blockchains - https://youtu.be/qSIBFBq9tRs Private chains misunderstand the fundamental value of blockchains - https://youtu.be/haKVaGHKQJM Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-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. Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390 Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK 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: 276693 aantonop
How To Get 1 Bitcoin Per Week - Cryptocurrency Mining Motherboard
 
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How To Get 1 Bitcoin Per Week - Cryptocurrency Mining Motherboard Visit mining farm: http://tinyurl.com/zi3cg78o8 Max. Discount with code, NVqi5O Bitcoin is definitely a global currency which uses an open ledger process in order to track record transactions being sent in anyone to a different. All of this happens without any central bank in the centre which is not handled by government, controlling body, individual company, or particular person. sha256 bitcoin mining pool litecoin mining rig 2017 dogecoin mining application bitcoin earn software bitcoin how long to mine bitcoin how long to solve a block litecoin mining tips bitcoin mining how to get started
Views: 118 Riddick Crowley
BITCOIN vs NOBEL Winner - Bitcoin SIM Hack
 
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https://www.ccn.com/sim-hijackers-steal-over-5-million-in-bitcoin-in-first-reported-crime-of-its-kind/ In this episode, we are going to explain Bitcoin SIM Hack talk about Bitcoin Cash Anniversary, trolling in crypto, CoinMarketCap releasing APIs for professionals while Nobel Prize Winner Krugman predicts Bitcoin collapse. https://toshitimes.com/nobel-prize-winner-paul-krugman-asks-what-problem-cryptos-solve-predicts-collapse/ https://www.ccn.com/bitcoin-cash-celebrates-first-anniversary/ https://cointelegraph.com/news/coinmarketcap-launches-professional-paid-api-for-developers-and-funds https://toshitimes.com/sustainable-competitive-growth-in-the-crypto-ecosystem/ https://docs.google.com/document/d/1jUxtdV66l9iE61cTb1nAyjSEZQIgRwyKukvnEdxkAuI/edit#heading=h.cugxtnceu4q3 🎓 BECOME BLOCKCHAIN BUSINESS LEADER http://business.ivanontech.com SIGN UP FOR YOUTUBE NOTIFICATIONS: http://eepurl.com/dADBVj Good Morning Crypto! Thanks for watching guys 💝 JOIN VIP Facebook Group: https://www.facebook.com/groups/154642935214122/?source=create_flow 🎓 LEARN ALL ABOUT BLOCKCHAIN BUSINESS http://business.ivanontech.com 🎓 LEARN SMART CONTRACT PROGRAMMING http://coding.ivanontech.com 🎓 Join my online academy https://academy.ivanontech.com 👬 Join the crypto discussion forum - https://forum.toshitimes.com 📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com #bitcoin #blockchain #ivanontech 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 💰 Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/4607 Trezor: https://trezor.io/?a=rvj3rqtje3ph DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins. Ivan on Tech by Ivan Liljeqvist
Views: 9150 Ivan on Tech
How To Earn Bitcoins Ph - Mining Pool Address
 
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How To Earn Bitcoins Ph - Mining Pool Address Genesis-Mining: http://tinyurl.com/awe1lai3u Special discount-- NVqi5O Bitcoin is actually a globally currency that employs an open ledger technique in order to record transactions being submitted anyone to a different. Doing this happens without any central lender in the middle and it is not handled through government, controlling system, individual company, or person. sha256 mining software dash coin mining guide bitcoin miner roi calculator bitcoin earn ios bitcoin how long to solve a block bitcoin cloud miners zcash mining vs bitcoin how long does it take to earn a bitcoin
Views: 4 Sun Hamm
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: 208715 Khan Academy
How to Read Cryptocurrency Volume - Market Analysis Bitcoin Crypto News - Indications to Look For
 
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Today on this weekly wrap-up, We take a closer look at 3 things in Crypto that matter to your Portfolio. 1. Long-term Volume Trends (Macro) 2. Short-term Volume Trends (Micro) 3. News items you should be aware of that could increase volume in the crypto space. Links from this episode: https://coinmarketcap.com/currencies/volume/monthly/ http://www.nasdaq.com/aspx/DailyMarketStatistics.aspx#nasdaq_15_most_active_dollar https://www.cryptocompare.com/coins/btc/analysis/USD?type=Exchanges&period=1Y https://youtu.be/7T_ZX5NWr-w https://themerkle.com/worlds-leading-darknet-market-puts-finishing-touches-on-monero-integration/ https://themerkle.com/bitcoin-cash-developers-propose-imminent-block-size-increase-to-32mb/ https://themerkle.com/hycm-trading-platform-adds-xrp-and-bitcoin-cash-cfds/ http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures https://crypto.robinhood.com ———————————————————————————— Subscribe to our YouTube Channel: https://www.youtube.com/channel/UCGyqEtcGQQtXyUwvcy7Gmyg?sub_confirmation=1 Connect with us on social: Instagram: https://www.instagram.com/altcoinbuzz/ Twitter: https://twitter.com/altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio Discord: https://discordapp.com/invite/paDRcMF Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA Facebook Group: https://www.facebook.com/groups/altcoinbuzz/ Steem.it: https://steemit.com/@altcoinbuzz Dtube: https://d.tube/#!/c/altcoinbuzz Podcast: https://itunes.apple.com/us/podcast/id1340381994 Secure your cryptocurrencies with the best hardware wallet: http://bit.ly/AltcoinBuzzWallet Visit our website: http://www.altcoinbuzz.io
Views: 22665 Altcoin Buzz
How To Get A Bitcoin Miner - Cryptocurrency Mining Jobs
 
09:05
How To Get A Bitcoin Miner - Cryptocurrency Mining Jobs more details here http://tinyurl.com/j0ob3g7uui74 Special discount, NVqi5O bitcoin is definitely a globally currency that employs an open ledger process to record deals being sent in someone to another. All of this happens without any central lender in the centre which is not handled through government, controlling body, individual company, or particular person. dash mining rig zcash asic bitcoin how long to solve a block bitcoin paying apps bitcoin how to use wallet cloud mining for bitcoin genesis mining contract bitcoin earn ptc
Views: 1 Elliott Polk
Mining Bitcoin with Excel
 
07:17
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: 167490 Knowledge

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