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Hello blockchain: Evolution of cryptocurrency mining

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When you heard about the Blockchain for the first time, you might have had a lot of questions about the technology.What does it look like? How does it work? Is it secure?Today, I will give a talk about the Blockchain from the miner's side.After the talk you will know:What is the Blockchain?Who keeps it growing?How is it secured?You will also get hands-on experience with BTC mining and can mine some BTC yourself.

Publicado en: Tecnología
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Hello blockchain: Evolution of cryptocurrency mining

  1. 1. Hello Blockchain: Evolution of Cryptocurrency Mining
  2. 2. @qinfengling (GitHub, Twitter)
  3. 3. Blockchain introduction
  4. 4. Date: 31 Oct 2008 Author: Satoshi Nakamoto Paper: Bitcoin: A Peer-to-Peer Electronic Cash System
  5. 5. What is Bitcoin ?
  6. 6. Inside of Blockchain (Blocks and transactions)
  7. 7. Cryptocurrency market capitalizations 27 Jan 2018
  8. 8. Roles in Blockchain (Block mined by miners)
  9. 9. Type of Wallet Offline Online
  10. 10. Internal of Wallet Paper wallet Hardware wallet
  11. 11. Full Blockchain Block Explorer
  12. 12. Full Blockchain (Block)
  13. 13. Full Blockchain (Transactions) Proof of Existence
  14. 14. Miner
  15. 15. Cryptocurrency Miner
  16. 16. 1. Get the block header from the bitcoin network 2. Calculate the hash 3. Report the share if the hash satisfied, if new block found, goto 1 Cryptocurrency Mining
  17. 17. Mining history
  18. 18. CPU/GPU Miner (Before Nov 2011)
  19. 19. FPGA Miner (Nov 2011 – Jan 2013) Icarus LanceLot
  20. 20. ASIC Miner (Jan 2013 - Now) Avalon nano 2 Avalon Miner 741
  21. 21. Mining today
  22. 22. Difficulty
  23. 23. Hashrate (hash/s)
  24. 24. Scale
  25. 25. Manufacturing process (From Canaan Creative Wikipedia) ASIC Release Date Process A3256 2013-1 110 nm A3255 2013-8 55 nm A3233 2014-4 40 nm A3222 2014-9 28 nm A3218 2015-9 28 nm A3212 2016-9 16 nm
  26. 26. Energy Efficiency (From Canaan Creative Wikipedia)
  27. 27. Mining way (solo vs pool) Solo Stratum Pool Mining Mining alone Group mining Reward All mined block reward to the miner All mined block reward to the pool first, then distribute to separate miner Income Erratic Steadier
  28. 28. BTC stratum pool
  29. 29. Mining future
  30. 30. Consensus mechanism
  31. 31. Blockchain Framework
  32. 32. Blockchain Services
  33. 33. Links ● https://en.wikipedia.org/wiki/Blockchain ● https://en.wikipedia.org/wiki/History_of_bitcoin ● https://en.bitcoin.it/wiki/Comparison_of_cryptocurrencies ● https://en.wikipedia.org/wiki/List_of_cryptocurrencies ● https://en.wikipedia.org/wiki/Ripple_(payment_protocol) ● AvalonMiner 821 review 17.02.2018
  34. 34. Demo
  35. 35. Prerequisite
  36. 36. Configuration
  37. 37. Status
  38. 38. Q & A

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