How Does Bitcoin Mining Work? Explained With Python Code

Publicado el: 30 junio 2021
en el canal de: Brillibits

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Many people are aware that Bitcoin is mined, but few people know why it is mined, and even fewer understand the details of how it is mined. In this video, I go over Bitcoin's Proof Of Work(POW) algorithm with Python code and explain why Bitcoin takes up so much energy mining.

Github:https://github.com/mallorbc/python_BT...

Timestamps

00:00 - Intro
01:19 - Explaining Bitcoin POW
01:44 - Explaining Hashing
04:01 - Bitcoin POW Difficulty
05:26 - Explaining Nonces
07:16 - Difficulty Impact on POW
08:08 - Code Explained For POW Demo
09:42 - POW Demo With Different Difficulties
10:48 - Validators Can Instantly Verify Work
11:57 - Bitcoin POW Difficulty Over Time
12:56 - Outro And Future Plans

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