In this video, we will discuss crypto mining, a process of solving complex mathematical problems to add new blocks of transactions to the blockchain. We will explore what is crypto mining and how it works – from specialised hardware and software that miners use, to the controversial energy consumption associated with cryptocurrency mining, as well as look at the profitability of crypto mining and its impact on the environment.
Chapters
0:00 – Introduction
0:55 – Crypto mining controversy
1:20 – What is crypto mining?
2:22 – What is Proof of Work?
4:22 – Hardwares and softwares required
6:32 – How much power the crypto industry consumes?
7:53 – Proof of stake as an alternative consensus mechanism
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4 Comments
💋 promosm
🎉
its explained already 849992 times
Very simply explained, thanks