I understand that most analogies that attempt to explain blockchain/bitcoin will be inherently incomplete/flawed since the technology is so new, but I still think they are critical for new participants to get a grasp on what’s happening, at least for me personally. Hoping to get some help as I am having trouble synthesizing a few concepts:
Private/public keys and digital signatures
Sequence of events
Order in which transactions are recorded
Mining nodes vs non mining nodes
My understanding is that all transactions are broadcast to the network. Initially I thought the distributed ledger was analogous to 4 individuals playing monopoly. Instead of having a banker, each player writes down whenever a transaction takes place. This particular analogy lead me to believe transactions were recorded in real time (a player shouts out their transaction and immediately all players record the transaction). Learning about the proof of work lottery required me to tweak my understanding a bit. (Except in the case of forking) I gather that only one individual in the entire network is mining a block (recording transactions) at any given time? Not sure if this is true, but assuming it is, that person records transactions in time sequential order (or so I thought). Somehow a public and private key are involved here: I decided a public and private key are analogous to a username and password (I think this is grossly over simplified). Anyway, providing the password that corresponds with your username allows you to conduct transactions (digital signature). There is some validation of each transaction before the transaction reaches the miner (mechanisms here are unclear). As stated above, I was initially under the impression that the miner is recording transactions in time sequential order, but then I remembered transactions fees. This lead me to think of transaction fees like bidding on eBay: the higher transaction fee you pay moves your transaction to the top of the list. Therefore transactions are not recorded in real time. When your block is full (is there a certain GB limit?) the network validates that everything checks out. You get a lil piece of the action (deposit of transactions fees and a reward for mining a block into your wallet). The proof of work lottery begins again. Two unanswered questions remain:
Is the proof of work lottery “paused” while someone is actively mining a block?
I have become exposed to the idea of mining and non mining nodes... what exactly is a non mining node? Someone who conducts (and validates) transactions but doesn’t play in the proof of work lottery? Or just pretty much everyone who owns bitcoin but is not set up for mining?
Very grateful to anyone who can check my understanding. Most of what I've learned comes from the ebook Inventing Bitcoin, this Hackernoon article that dives a bit deeper into validation, and this 3Blue1brown Youtube video that provides a high level review of foundational concepts. In addition I've been watching the Khan Academy series on Bitcoin, and listening to the Unchained podcast pretty religiously, however since I still feel uncertain on these introductory topics, I feel like I can't be totally engaged with new content.
Nuvmining | What Is Bitcoin, How Is It Various Than "Real" Cash and also How Can I Get Some?
Bitcoin is a digital money. It does not exist in the kind of physical type that the currency & coin we're used to exist in. It does not even exist in a type as physical as Syndicate cash. It's electrons - not molecules. nuv mining Yet consider just how much cash you directly handle. You obtain an income that you require to the bank - or it's autodeposited without you even seeing the paper that it's not printed on. You after that utilize a debit card (or a checkbook, if you're old school) to access those funds. At finest, you see 10% of it in a money form in your pocket or in your pocketbook. So, it turns out that 90% of the funds that you take care of are online - electrons in a spreadsheet or data source. nuvmining However delay - those are UNITED STATE funds (or those of whatever nation you come from), safe in the financial institution and also ensured by the complete belief of the FDIC approximately about $250K per account, right? Well, not exactly. Your banks might just called for to maintain 10% of its deposits on down payment. In some cases, it's much less. It offers the rest of your cash bent on other individuals for approximately thirty years. It charges them for the funding, and also costs you for the advantage of letting them offer it out. Just how does money obtain developed? Your financial institution reaches produce money by offering it out. State you deposit $1,000 with your bank. They then lend out $900 of it. Unexpectedly you have $1000 as well as another person has $900. Magically, there's $1900 floating around where prior to there was only a grand. Currently claim your bank instead offers 900 of your dollars to another financial institution. That financial institution in turn lends $810 to an additional financial institution, which after that offers $720 to a client. Poof! $3,430 in an immediate - virtually $2500 produced out of nothing - as long as the bank follows your federal government's central bank rules. Production of Bitcoin is as different from bank funds' creation as cash money is from electrons. It is not managed by a government's reserve bank, but rather by consensus of its customers as well as nodes. It is not developed by a restricted mint in a structure, however rather by dispersed open source software program and computer. As well as it needs a type of real work for production. Extra on that particular shortly. Who created BitCoin? The very first BitCoins remained in a block of 50 (the "Genesis Block") created by Satoshi Nakomoto in January 2009. It really did not really have any type of worth initially. It was simply a cryptographer's toy based on a paper published two months earlier by Nakomoto. Nakotmoto is an evidently imaginary name - nobody appears to know that she or he or they is/are. That monitors everything? Once the Genesis Block was developed, BitCoins have actually because been produced by doing the work of keeping track of all deals for all BitCoins as a kind of public journal. The nodes/ computers doing the computations on the journal are awarded for doing so. For each collection of effective calculations, the node is rewarded with a specific quantity of BitCoin (" BTC"), which are after that freshly produced right into the BitCoin community. For this reason the term, "BitCoin Miner" - because the procedure develops new BTC. As the supply of BTC increases, and also as the number of transactions boosts, the job essential to update the public ledger gets harder and also much more complicated. As a result, the variety of new BTC right into the system is created to be concerning 50 BTC (one block) every 10 minutes, worldwide. Although the computer power for mining BitCoin (as well as for upgrading the public ledger) is currently boosting exponentially, so is the intricacy of the mathematics problem (which, incidentally, additionally needs a certain amount of thinking), or "evidence" needed to mine BitCoin as well as to settle the transactional publications at any type of provided moment. So the system still only generates one 50 BTC block every 10 minutes, or 2106 blocks every 2 weeks. So, in a sense, everyone tracks it - that is, all the nodes in the network keep track of the background of every single BitCoin. Just how much is there and also where is it? There is a maximum variety of BitCoin that can ever before be produced, and that number is 21 million. According to the Khan Academy, the number is anticipated to peak around the year 2140. Since, today there were 12.1 million BTC in flow Your very own BitCoin are kept in a documents (your BitCoin purse) in your very own storage space - your computer system. The data itself is evidence of the number of BTC you have, and also it can move with you on a mobile phone. If that data with the cryptographic key in your wallet obtains lost, so does your supply of BitCoin funds. And also you can't obtain it back. Just how much is it worth? The value differs based on just how much people believe it deserves - similar to in the exchange of "real cash." Yet due to the fact that there is no central authority trying to maintain the value around a certain level, it can vary a lot more dynamically. The very first BTC were generally worth absolutely nothing at the time, however those BTC still exist. Since 11AM on December 11, 2013, the general public value was $906.00 United States per BitCoin. When I completed composing this sentence, it was $900.00. Around the start of 2013, the value was around $20.00 United States. On November 27, 2013 it was valued at greater than $1,000.00 United States per BTC. So it's kind of unstable presently, yet it's expected to calm down. The complete value of all BitCoin - since the period at the end of this sentence - is around 11 billion US bucks. How can I get me some? First, you have to have a BitCoin purse. This post has links to get one. Then one method is to purchase some from one more private party, like these individuals on Bloomberg TV. One method is to purchase some on an exchange, like Mt. Gox. As well as finally, one means is to dedicate a lot of computer power as well as power to the process as well as become a BitCoin miner. That's well outside the extent of this post. However if you have a couple of thousand extra dollars lying around, you can obtain rather a gear. Exactly how can I spend it? There are numerous vendors of all sizes that take BitCoin in payment, from cafes to auto dealers. There's also a BitCoin ATM in Vancouver, British Columbia for transforming your BTC to cash in Vancouver, BC. And so? Money has had a lengthy background - centuries in size. Somewhat recent tale tells us that Manhattan Island was bought for wampum - seashells & the like. In the very early years of the United States, different financial institutions printed their own money. On a recent visit to Salt Spring Island in British Columbia, I invested currency that was just good on the beautiful island. The common style among these was a trust agreement amongst its customers that specific currency held value. In some cases that worth was tied directly to something strong and physical, like gold. In 1900 the U.S. connected its currency straight to gold (the "Gold Requirement") and in 1971, ended that tie. Currently money is traded like any kind of various other commodity, although a certain nation's currency worth can be propped up or decreased through activities of their reserve bank. BitCoin is an alternative money that is also traded as well as its value, like that of various other products, is figured out via trade, yet is not stood up or lessened by the action of any kind of bank, however rather straight by the activities of its individuals. Its supply is minimal as well as known nevertheless, and also (unlike physical money) so is the history of each and every single BitCoin. Its viewed worth, like all various other money, is based on its utility and also count on. As a form of currency, BitCoin not specifically a new thing in Production, however it absolutely is a new means for cash to be created.
Hi Bitcoiners! I’m back with the 23rd monthly Bitcoin news recap. For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month. You can see recaps of the previous months on Bitcoinsnippets.com A recap of Bitcoin in November 2018 Adoption
Has anyone requested to Professors to give classes on bitcoin? Many people need help to understand in a classroom type of setting what bitcoins are, especially someone they are already familiar with like Khan. This would definitely help make bitcoins more mainstream to the populace. What are your thoughts? I wrote them an email already, lets get those emails to them. You should title the email something like this, "Bitcoin course request." Anything like that would definitely be helpful. Thanks. EDIT: https://khanacademy.wufoo.com/forms/suggest-a-topic/ They already have a way to facilitate this, use that link I gave.
Would like some help and input on my phone and windows computer setup :)
Hi! (English is not my native language but I'll try to define my desires as clear as possible, and finding it hard to turn this post in a perfectly coherent story, just so you know :) I'm trying my best not to go off topic as much as I can but sometimes I feel the need to say things to clarify my desires) I bought a galaxy s10 Plus a while ago and before setting it up and cleaning my online clutter I decided to read up more about privacy, security, open source, google, tracking and so forth. And then the journey began! :P I'm processing all of the info I read and watched the last months but I find it's hard to take every little detail into consideration and make the perfect decision for everything haha. So I'm kind of stuck now in the sense that I want to set everything up but don't know exactly what is the correct order to do things not to mess up and whats the right setup for me. So the question(s) arose; What is my personal desire in terms of privacy and security. And what is the setup for me so I can have the right balance between convenience, productivity, privacy and security online. What is attainable and what is not. For me all of this has to do with trust, what people, organizations, institutions, companies can you trust with your information. If we lived in a world where we can trust that other people have the best intentions for everyone around them and are committed to creating a world of freedom, love, safety and trust and are committed to lift the human spirit and give the support to let it reach it's ultimate potential most of these precautions or worries would not be necessary, unfortunately we don't (at the moment) so we have to take some measures. Most important for me: - Keep my bank details safe, bitcoin, creditcard information and so forth. (My creditcard have been scammed once, dont want this to happen again) - Keeping my internet searches private - Keeping my communication private - Having the right balance between privacy and security. Do I choose to download using google play so the chances are bigger I download apps that are not infected, or do I choose to get rid of google play and take a certain risk. - Being able to use my phone without being paranoid about of worrying about everyone and everything constantly tracking me, listening to me and so forth. It's a very intense and crazy time we are living in at the moment but I don't want to let the paranoid mindset taking hold of my life again like it used to do. I see people taking extreme measures to ensure maximum security or privacy and admire them for that but that's not my final goal. I would like to have a setup that I feel that I have done the things I could do to "maximize" my privacy, anonymity, security, and productivity without getting too paranoid and stressed out over minor things. I've concluded a few things in this process:
What I don't have control over.
People who have malicious intent trying to get their hands on private and or sensitive personal information.
What I do and have control over.
Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:
Bitcoins are valued at what market price people are willing to pay for them. Here are a couple useful sites 1 and 2 that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just google "1 bitcoin in (your local currency)". You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. Some recommendations include: US & Europe
Always do your own personal due diligence on the validity of an exchange and check the URL prior to sending them money or entering login credentials. Phishing sites are not uncommon. Use this checklist if you aren't sure which exchange to choose.
Where can I spend Bitcoins?
A comprehensive list can be found at TheBitcoinPage.com but some of the key ones are below:
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk. There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross and the RNLI. You can find a longer list here.
If you operate a business and want to accept bitcoin as a payment method, there are several options available:
Mining bitcoins can be a fun hobby but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The friendly folks at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network, you can run a full node by hosting the blockchain and propagating transactions. Here is a handy setup guide
Securing your bitcoins
With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance. Be sure to only deal with reputable companies, if you have any concerns about a company's trustworthiness just ask or check their consumer reviews and ratings. If you prefer to have direct control over your coins without having to use a trusted third party you can use personal wallets for desktops / laptops, Android and iOS where you alone hold your private keys. Electrum, Mycelium and Breadwallet are popular, but there are many options. Find a wallet that works best for you For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email! (2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access). Google Authenticator and Authy are two great apps for handling 2FA.
Additional security systems such as Mycelium Entropy (for printing multi-signature paper wallets) and the Trezor Hardware Wallet are great ways to easily secure your coins. Or, you can opt to secure your bitcoin using cold storage. Note: Do not use brainwallets unless you are an expert, they are known to be vulnerable to theft unless set up correctly.
Just like any other form of money, you can earn bitcoins by working for them. Here are a few resources for bitcoin jobs.
Use ChangeTip.com (/changetip) for tipping people on Reddit, Twitter, YouTube, Tumblr, GitHub and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor).
You can read more about ChangeTip at their reddit wiki.
Go to /FreeBits to get a few microbits to practice with and then tip them forward. Go to /BitTippers to play games and solve riddles to earn your bits. Don't forget your flair!
Note: This is a brief overview to the most commonly used Bitcoin units. For full information check out the Bitcoin Units wiki (work in progress). One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common ones are listed below:
1,000 per bitcoin
SI unit for milli i.e. millilitre (ml) or millimeter (mm)
1,000,000 per bitcoin
SI unit for micro i.e microlitre (μl) or micrometre (μm)
100,000,000 per bitcoin
Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
20,000 μBTC (colloquially referred to as bits)
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending mod approval. The original sticky can still be found here. Welcome to the Bitcoin community and the new decentralized economy!
When economists refer to industrialization, does it mean a move from agricultural to manufacturing economy? Is the growth in services a different term? (24 points, 6 comments)
Do economists actually calculate consumer surplus empirically, or is it more of s theoretical concept? (19 points, 5 comments)
Does employees of a company with a relatively inelastic demand have an incentive not to care too much? (13 points, 9 comments)
why is ceteris paribus important for analyzing/thinking about the world? (12 points, 7 comments)
Is me making more money than I would necessarily require to work( so more than my 'opportunity wage') for a job an economic inefficiency? or is ineffiency in labor markets a wedge between my marginal revenue product and my wage? (11 points, 3 comments)
With a land value tax, since the supply of land is perfectly inelastic(or less elastic than demand), would theory suggest land owners will pay most of the tax? (10 points, 4 comments)
Are policies such as the gov creating jobs that arent necessary(like gas station attendants) an example of the Broken window fallacy? (7 points, 7 comments)
what is meant by value added? (7 points, 3 comments)
Question about planned economies without price mechanism and forced labor (5 points, 2 comments)
Why does inflation necessarily mean wages will be increasing too? (5 points, 3 comments)
So I recently I became quite interested in mining and cyptocurrencies in general. So interested in fact that I bit the bullet and decided to buy myself a GAW Fury. I then spent some time doing research on how to set up a GAW or Zeus ASIC on Linux, in particular on a Raspberry Pi, and have found most guides to be awful. The reason they are so bad IMHO is that they assume quite a bit of prior knowledge, either with Linux or mining, and give very little instructions. So I have tried to put together a guide that requires very little prior knowledge. It is my aim that anyone could get their shiny new asic up and mining in no time using this guide. Anyway, I present...
The Complete Noobs Guide to Setting Up a Zeus or Gaw ASIC on Debian/Ubuntu/Raspberry Pi
About Cyrptocurrencies and Their Jargon
If you are new to cryptocurrencies and how they work I suggest taking a look at this series of KhanAcademy videos. They are for Bitcoin but the theory is the same. I found them very helpful when it came to understanding what mining actually does and the mechanics of cyrptocurrencies. Also take a look at sircamm22 his info found here, is great and breaks down a large number of concepts. I slightly disagree with no. 21 regarding preordering. Just exercise common sense.
If you are new to Linux you could follow along by simply typing in the commands. However I highly recommend taking the time to learn what you are doing. This course is a great place to start.
By the end of this section you will have your device turned on, fully setup and connected to the internet with. Note: Commands to be typed into the command line will be displayed like this:
echo Hello World
For laptops and desktops already running Ubuntu or Debian I will assume you have setup your internet setup as part of the installation. If not: There are plenty of guides out there and the installation/setup process is very easy. A good place to start for Ubuntu is here. Now open up a terminal window. Ctrl + alt + t on a standard Ubuntu installation. If you plan on using this PC without a monitor I would suggest installing an SSH Server. These commands will be discussed later on in the guide.
sudo apt-get -y install openssh-server sudo service openssh-server start
The Raspberry Pi Foundation has put together a great guide in PDF format. Use NOOBS it will save you a lot of trouble. NB: Some SD cards don't support NOOBs but will work fine if the image is put on using a different method. Here is a great guide for setting up the Raspberry Pi SD card from Elinux.org. In fact it's a great place to start for anything RPi related. Raspberry Pi hub at Elinux. Once the SD card is setup you will need to insert it into the Raspberry Pi and boot. Install Raspbian from the NOOBs menu and wait. Follow this guide by Adafruit for first time setup. You will need to enable SSH Server. I suggest not starting the desktop on boot. It can be easily run from the command line by typing startx. Follow this guide by Adafruit to setup your network. Found here. No need to do this if you set up previously in the first time config. We will also at this point want to setup ssh. Again I will point you to an Adafruit guide. Once done exit back to a standard command line interface. This can be done in LXDE by using the power off menu located in the bottom right corner.
If you want to the Raspberry Pi or PC without a monitor go ahead and SSH into your device. So now you should be staring at a command line interface whether on the device with a monitor or via SSH. First things first lets make sure we are all up to date. This will update our package list from the repositories and upgrade them to the newest version. "-y" Will simply say yes to any prompts.
sudo apt-get update && sudo apt-get -y upgrade
We are going to need to install some useful tools. Git-core is how we will clone and download BFGMiner from GitHub and Screen allows multiple command line instances and means if we exit out of ssh session or quit Terminal on Ubuntu, BFGMiner will continue to run.
sudo apt-get install git-core screen
We also need to download some other tools/dependencies to ensure that BFGMiner will compile successfully.
Once the download has completed move into the bfgminer directory.
The following steps may take a while. Now run autogen.sh
You will need to make the configure script execuitable.
sudo chmod +x ./configure
Now configure bfgminer
sudo ./configure CFLAGS="-O3" --enable-scrypt
Now lets make!
sudo make install
One more thing...
If you haven't already plug in your ASIC. Just confirm your system is recognising the ASIC.
Its output should look similar to this (no need to type this in):
Bus 001 Device 005: ID 10c4:ea60 Cygnal Integrated Products, Inc. CP210x UART Bridge / myAVR mySmartUSB light
Yep there it is our ASIC listed as device 005. There is no need to install any drivers, unlike in windows, as they come in the kernel. Now lets actually start BFGMiner. You will want to start a screen session to ensure BFGMiner doesn't quite when you exit. "-S" is the option for starting a new screen session. You can replace "miner" with anything you like.
screen -S miner
Now you can run the commands below. Here is a sample of what you should type. You will need to replace somethings with your own values.
Where: URL:PORT is the address and port of the pool you wih to use. Now I won't suggest a pool. I will leave that decision up to you. If you do wish to mine DOGE take a look at this site for a list of pools and comparisons. USERNAME this is the username you use on the pool. Every pool is different. Check your pool's website for details. PASSWORD same as above. Specific to your pool, not every pool requires one. CHIPCOUNT this is specific to which ASIC you are using. For GAWMiner ASIC's:
War Machine: 256
Black Widow: 64
For ZeusMiner ASIC's:
Hurricane X2: 48
Hurricane X3: 64
Thunder X2: 96
Thunder X3: 128
Now to make sure you don't stop mining when you exit ssh or terminal. Press:
ctrl + a + d
To come back to the BFGMiner screen simply run:
screen -r miner
Start on Boot
First off you will want to make sure you have BFGMiner running correctly. Ensure you have the miners set up properly and your pool correctly configured. Start a BFGMiner instance, detailed above. Once the instance has started and you are happy with how everything is working press "s" on your keyboard to enter the settings menu. Now press the "w" key. Don't press enter. We want to specify where our config will go. Type:
Substitute USERNAME for your user. On a standard RPI install its pi. On ubuntu it's what you set during the instillation. Now press the enter key to return back to the main BFGMiner screen. Press "q" on your keyboard to exit BFGMiner. You should now be back in the command line. Now we want to edit a file called rc.local. Any commands in this file will be executed on boot.
sudo nano /etc/rc.local
Depending on your system this file may already contain some commands. Be careful not to delete them. After the last command and before "exit 0" type the following on one line:
Where USERNAME = your username Hit ctrl + x then y to save and exit nano. The above command will create a new screen session and run bfgminer using the config we created earlier. All while as our username so that we can easily reattach. Lets reboot to ensure it is working correctly:
Once rebooted and logged in, show all running screen sessions:
Reattach to the session. You only need to use the numbers before the first dot. e.g Mine looks like: 2480..hostname (13/07/14 12:02:09) (Detached). So I type:
screen -r 2480
Verify everything worked as expected. Then ctrl + a + d to exit. You have now setup BFGMiner to restart on reboot.
If you are using a Raspberry Pi and it loses power it will automatically reboot on receiving power again. For standard desktop PCs there is an option in some BIOS/UEFI to turn the computer on when it receives power. Consult your motherboard's manual and manufacturer's website.
Congrats you've done it. You have managed to successfully get your shiny new asic mining away. I do plan to make another guide detailing how to setup and use StarMiner a ready to go RPi mining distro. So I hope this is helpful for you guys. I have seen lots of posts asking the exact same questions again and again and I have tried to answer these as best I can. I am still learning about this stuff so if there is something I have missed or a mistake I have made please tell me. Anyway good luck. And I'll see you at the moon. Cheers Frogsiedoodle Edit 1: Layout and formatting. Edit 2: Added instructions for screen which I initially forgot. Edit 3: Removed 1 unneeded dependency Edit 4: Added section on start on reboot and power failure.
Welcome to ntwk, an eLearning platform designed to bring cryptocurrency adoption to the masses. With our interactive learning platform which will consist of guides, how-tos, and video courses, we can allow the average joe to step ahead of the curve and bring crypto into their life. What exactly is the ntwk token project? The ntwk token project is an awareness project that is fueled by the power of social media. The ntwk project plans to launch the Network Learning eLearning platform. Why was ntwk created? The ntwk project came into existence when three colleagues decided to spread the idea of cryptocurrency at their job. After countless hours of explaining and receiving responses like "I want to get involved but I don't know how", the ntwk project seemed like an obvious undertaking. How is ntwk going to help people learn? The ntwk project has secured networklearning.io to be the official eLearning platform for cryptocurrency. With inspiration from other learning projects such as the Khan Academy and Code Academy, the ntwk team will be designing a platform from the ground up which will be intuitive, yet extremely simple so that anyone may jump into it and learn the ins-and-outs of cryptocurrency buying, selling, trading, and even mining. Where can I get ntwk token? Currently ntwk token is being given out as a reward for social awareness through social media campaigns. Our goal is to slowly circulate our market supply to cryptocurrency enthusiasts who spread the word of our upcoming eLearning Platform – We expect our bounties to last for a year before converting to a reward-based system within the learning platform. Once converted, ntwk tokens will be given out as a reward after users finish their first successful tutorial on the eLearning platform. Alternatively, ntwk token may be purchased on Ether Delta. What can I use ntwk token for? ntwk Token will be used for premium learning, one-on-one support, and services offered by the ntwk team including programming on the Ethereum blockchain or token creation services (yes, we can help you create your very own token). Will I have to pay to learn? We will have an extensive database of guides, tutorials, videos, and how-tos which will be accessible for absolutely FREE! We plan to get as many people into cryptocurrency as possible and our first education projects will include interactive classes on how to create an Ethereum wallet, Send & Receive Ethereum, and sending and receiving ERC20 tokens. Why don't you support Bitcoin? Although we believe Bitcoin is an incredible project in itself, we are trying to expand the adoption of the very versatile Ethereum blockchain. We will absolutely have some space dedicated for education on Bitcoin as well. Do you guys have a roadmap? Absolutely, please see below: http://i.imgur.com/jkndQPN.jpg Do you guys have any other plans? To help aid in the education area, ntwk plans to be extremely active in blockchain development. We understand that the average user prefers their mobile phone over a desktop so one project we plan to peruse is an open source mobile wallet. Our wallet would be completely client side and leave the private keys directly under the users’ control. The wallet would be accompanied by our personalized guides on how to use it. What have you guys accomplished so far? In just a very short week in existence, we have been officially listed on Coinmarketcap, Etherdelta, and supported with our logo on Blockfolio. *What is the max supply? * The max supply is 50 million tokens. Circulation plan: 40 million through bountie and rewards as mentioned above. Roughly 10 million has been put into circulation before this announcement. Who are you guys? For those of you in the telegram, you have gotten to know us already but here is a quick overview of us (all in the telegram) Jesse Lead developer for ntwk. Full Stack Web Developer (HTML/PHP/JS/CSS) with experience in Java, C++. Non Technical Experience: PR & Marketing, Some Design Experience Sherwin Strategy and IT Operations for NTWK Business Intelligence Analyst/Integration Architect with experience in Systems Orchestration Non Technical Experience: Desktop Publishing and Design Andreas Social media marketing manager (TwitteFacebook/YouTube/Instagram) with experience in Search Engine Optimization and content creation. Full-hearted inbound marketer.
A bitcoin supporter told us: “It seemed only right that I should donate some BTC to Khan Academy for their excellent bitcoin tutorial videos. All I had to do was scan a QR code on the screen to ... Khan Academy ( Episode 6) Proof of Work. Posted on June 18, 2013 by mixcook Video. Published on May 1, 2013. An explanation of cryptographic proof-of-work protocols, which are used in various cryptographic applications and in bitcoin mining. Video by Zulfikar Ramzan. Zulfikar Ramzan is a world-leading expert in computer security and cryptography and is currently the Chief Scientist at ... And the bitcoin client, or for that matter you can use a service like Mt. Gox which will effectively do the same work as a client for you. But the short of it is that anyone who has a bitcoin client or who has an account with an exchange like Mt. Gox can engage in bitcoin transactions. That transaction, the details of it, the mechanics of it will be transparent to the user. All the user has to ... Voiceover: Bitcoin is a new virtual currency system that's been gathering a lot of attention recently, and I thought I would do a series of videos where I really dive into the innards of bitcoin and explain how it works in detail, and my plan for this first video in this series is to describe some of those mechanics at a high level. And then what I'll do in subsequent videos is dive a bit ... Recent Posts. Why Bengaluru-based Unocoin is betting big on bitcoins; How investors are moving from traditional investments to new alternatives; Behind on Bitcoin Drama?
Probability in Bitcoin Mining: The Hashing Function
Free BitCoins - Bitcoin Mining HQ 900 views 3:07 Bitcoin: Overview Money, banking and central banks Finance & Capital Markets Khan Academy - Duration: 11:01. What are bitcoins? What is a bitcoin? Is it money? Is it digital currency? It's so much more! Bitcoin Business Founder, Taariq Lewis, joins Michelle Makori to break down the Bitcoin 'mining' process. Subscribe to BizAsiaAmerica: http://goo.gl/FMKaBj F... Hi and welcome to another episode of MyCurrencyTransferTV. There's been a lot of discussion about Bitcoin. What it is, what it does, how it works, whether we should jump on board right now or are ... BitCoin for Beginners - Mac OS Mining, Tips, Mining Software, Wallets And More ! Part 2 by MrJayBusch. 8:20. Davos 2015 - The New Banking Context by World Economic Forum. 1:02:29. Top 10 Bitcoin ...