May 2018
Beginner
490 pages
13h 16m
English
Content preview from Artificial Intelligence By Example
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Mining bitcoins
Mining a bitcoin means creating a mathematical block for a valid transaction and adding this block to the chain, the blockchain:
Blockchain = {block1,block2,the block just added...blockn}
The blockchain cannot go back in time. It is like a time-dating feature in life. On minute m, you do something, on minute m+1 something else, on minute m+n something else, and so on. You cannot travel back in time. What is done is done.
When a block is added to the bitcoin chain, there is no way of undoing the transaction.
The global network of bitcoin mining consists of nodes. With the appropriate software, you leave a port open, allocate around 150+ GB of disk space, and generate new blocks. The nodes communicate with each other, and the ...
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