Mining Difficulty
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.
Sources
This video wouldn't be possible without the work of others. Here are the sources I've used during my research & script writing:
Archaeal. (2017, November). Satoshi’s bitcoin difficulty adjustment bug! https://www.reddit.com/r/btc/comments/7etyqa/satoshis_bitcoin_difficulty_adjustment_bug/
Difficulty. (n.d.). https://en.bitcoin.it/wiki/Difficulty
How is difficulty calculated? (n.d.). StackExchange. https://bitcoin.stackexchange.com/questions/5838/how-is-difficulty-calculated
Pool Distribution. (n.d.). https://btc.com/stats/pool?pool_mode=month3
Torpey, K. (2019, July). Bitcoin Mining Centralization Is ‘Quite Alarming’, But A Solution Is In The Works. https://www.forbes.com/sites/ktorpey/2019/07/28/bitcoin-mining-centralization-is-quite-alarming-but-a-solution-is-in-the-works/#19798c6d530b
💌 Subscribe to my newsletter
Check out past editions.