Tag Archives: bitcoin

WTF is The Blockchain?

Mohit Mamoria has written a 3500-word guide in plain English to understanding Blockchain. Unlike every other post on the internet, instead of first defining the Blockchain, we’ll understand the problem it solves. Best explanation I’ve read so far. WTF is … Continue reading

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Mining Bitcoin with pencil and paper: 0.67 hashes per day

It turns out that the SHA-256 algorithm used for mining is pretty simple and can in fact be done by hand. Not surprisingly, the process is extremely slow compared to hardware mining and is entirely impractical. But performing the algorithm … Continue reading

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@brianleroux It's like Monopoly all over again. — Stephen Hay (@stephenhay) December 7, 2013

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