eduardosantoshf / bitcoin-mining-101

Third APSEI Project - This assignment is related to Bitcoin mining, trying to explain it in the simplest possible way so that anyone can understand how it works and, if wanted, can start to mine Bitcoins right away.

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APSEI Third Project

This assignment’s objective is related to Bitcoin mining, trying to explain it in the simplest possible way, so that anyone can understand how it works and, if wanted, can start to mine Bitcoins right away.

Topics Approached

  • Bitcoin Mining
    • What is Bitcoin Mining?
    • How does Bitcoin Mining Work?
    • The Mining Model
    • The Impact of Mining in the Blockchain
    • Is Bitcoin Mining Worth It?
      • Hashrate
      • Bitcoin reward
      • Mining difficulty
      • Electricity cost
      • Power consumption
      • Pool fees
      • Bitcoin's price
      • Difficulty increase per year
    • What do I Need to Mine Bitcoins?
      • Bitcoin Mining Software
      • Step-By-Step Guide

Course

This project was developed under the Professional and Social Aspects of Computer Science course of University of Aveiro.

Grade

This project's grade was 17 out of 20.

Authors

About

Third APSEI Project - This assignment is related to Bitcoin mining, trying to explain it in the simplest possible way so that anyone can understand how it works and, if wanted, can start to mine Bitcoins right away.


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