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Bitcoin Essentials

You're reading from  Bitcoin Essentials

Product type Book
Published in Feb 2016
Publisher
ISBN-13 9781785281976
Pages 130 pages
Edition 1st Edition
Languages
Concepts
Author (1):
Albert Szmigielski Albert Szmigielski
Profile icon Albert Szmigielski
LinkedIn
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.
See other products by Albert Szmigielski

Table of Contents (15) Chapters

Bitcoin Essentials
Credits
About the Author
About the Reviewer
www.PacktPub.com
Preface
Bitcoin Wallets and Mining Software CPU Mining GPU Mining FPGA Mining ASIC Mining Solo Versus Pool Mining Large Scale Mining The Future of Bitcoin Mining Index

Decentralized mining is key

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

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Authors (1)

Profile icon Albert Szmigielski
LinkedIn
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.
See other products by Albert Szmigielski

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