Unlocking Bitcoin Mining: How Hash Functions Determine Your Chances of Success 🎯

Discover how Bitcoin's hash functions work and influence your probability of mining success. Expert Peter Van Valkenburgh explains the role of entropy in the mining process.

Unlocking Bitcoin Mining: How Hash Functions Determine Your Chances of Success 🎯
The Federalist Society
60.8K views β€’ Aug 10, 2017
Unlocking Bitcoin Mining: How Hash Functions Determine Your Chances of Success 🎯

About this video

How does the hash function work in the world of Bitcoin mining? Peter Van Valkenburgh of the Coin Center explains how the hash function in Bitcoin uses entropy to select Bitcoin miners.

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Reach Peter Van Valkenburgh on Twitter: @valkenburgh
https://twitter.com/valkenburgh

Related links:

What is Bitcoin Mining?
https://youtu.be/qFOeFXwCuLw

Bitcoin Hash Functions Explained
https://www.coindesk.com/bitcoin-hash-functions-explained/

Bitcoin: Cryptographic Hash Functions (Khan Academy)
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-cryptographic-hash-function

Bitcoin Miners Signal Revolt Amid Sluggish Blockchain
https://www.bloomberg.com/news/articles/2017-03-13/bitcoin-miners-signal-revolt-in-push-to-fix-sluggish-blockchain

Bitcoin Splits in 2
http://www.businessinsider.com/bitcoin-price-fork-happens-2017-8

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Views

60.8K

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342

Duration

2:56

Published

Aug 10, 2017

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