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According to Raspberry Pi
What is Bitcoin mining?
According to the internet, Bitcoin mining is:
[A] record-keeping service. Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block. Each block contains a cryptographic hash of the previous block, using the SHA-256 hashing algorithm, which links it to the previous block, thus giving the blockchain its name.
If that makes no sense to you, welcome to the club. So here’s a handy video which explains it better.
For more information: http://ift.tt/1LoBld3 and http://ift.tt/10mq1YA What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? This short video is an animated introduction to Bitcoin Mining. Credits: Voice – Chris Rice (www.ricevoice.com) Motion Graphics – Fabian Rühle (www.fabianruehle.de) Music/Sound Design – Christian Barth (http://ift.tt/1h81yBA) Andrew Mottl (www.andrewmottl.com)
Okay, now I get it.
Sean’s Bitcoin Lottery
As a retired Bitcoin miner, Sean understands how the system works and what is required for mining. And since news sources report that Bitcoin is currently valued at around $4000, Sean decided to use a Raspberry Pi to bring to life an idea he’d been thinking about for a little while.
This article and images were originally posted on [Raspberry Pi] August 23, 2017 at 08:02AM
Credit to Author and Raspberry Pi