Let’s Geek Out About Mining!
One of the most misconceived topics in bitcoin is mining. Bitcoin miners are boiling the oceans, the ecosystem is centralized—the list goes on. But what is actually happening in the mining ecosystem?
Bitcoin mining is an integral part of the Bitcoin blockchain ecosystem. Miners not only process and settle the transactions on the network, but by doing so help secure the network and the integrity of the record of past transactions known as the blockchain.
The topic of mining often leaves a lot of questions to be answered. How does energy actually work? What does it take to build a profitable mining farm? What percent of total Bitcoin energy consumption comes from renewable sources? What is the future of the mining hardware?
Fidelity Center for Applied Technology is pleased to host a one day event to dig into the topic of mining. We will focus on learning the basics, explaining the ecosystem and how it works.