Mining Bitcoin or Ethereum is a hard task for your computer. But why? And what does the difficulty have to do with the security of blockchains? Learn all about blockchains, consensus algorithms and why difficulty adjustment is crucial to keep everything operating at an optimal (and safe) level.
This video wouldn’t be possible without the work of others. Here are the sources I’ve used during my research & script writing:
How is difficulty calculated? StackExchange. Retrieved from https://bitcoin.stackexchange.com/questions/5838/how-is-difficulty-calculated
Difficulty. Retrieved from https://en.bitcoin.it/wiki/Difficulty
Archaeal. (2017). Satoshi's bitcoin difficulty adjustment bug! Retrieved from https://www.reddit.com/r/btc/comments/7etyqa/satoshis_bitcoin_difficulty_adjustment_bug/
Torpey, K. (2019). Bitcoin Mining Centralization Is ‘Quite Alarming’, But A Solution Is In The Works. Retrieved from https://www.forbes.com/sites/ktorpey/2019/07/28/bitcoin-mining-centralization-is-quite-alarming-but-a-solution-is-in-the-works/#19798c6d530b
Pool Distribution. Retrieved from https://btc.com/stats/pool?pool_mode=month3