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You're reading from  Bitcoin Essentials

Product typeBook
Published inFeb 2016
Publisher
ISBN-139781785281976
Edition1st Edition
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Albert Szmigielski
Albert Szmigielski
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Albert 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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Summary


In this chapter, we explored LSM operations. We defined what it means to run a large scale mining operation. We presented and explained the challenges that such operations face today. Most likely, these challenges will evolve, some will become non-issues, and others will become dominant. We also looked into the operations of some of the most well-known miners who run industrial-sized mines. The field of large scale mining is relatively new and we expect lots of developments and perhaps the emergence of completely new players in the game. It is an exciting time to be watching and commentating on Bitcoin mining.

In the next chapter, we will look at what the future of mining may look like. We will examine the centralization of mining debate and consider if there is a chance that mining can become more decentralized than it is today.

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Bitcoin Essentials
Published in: Feb 2016Publisher: ISBN-13: 9781785281976

Author (1)

author image
Albert 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.
Read more about Albert Szmigielski