Bitcoin Mining Fundamentals in Python | Python Bitcoin Tutorial

Learn the fundamentals of Bitcoin mining in Python. We will write code to understand the mining concepts, this will not do the actual Bitcoin mining but give you an understanding of how crypto mining works.

#bitcoin #cryptocurrencies

⭐️ Timestamps ⭐️
00:00 Introduction
00:19 Theory
09:21 Coding

#️⃣ Social Media #️⃣

❗❗ DISCLAIMER: All opinions expressed in this video are of my own and not that of my employers'.

[codebasics]

I want to clarify that this video was to show simple explanation of how core bitcoin mining algo works, to earn actual bitcoin in your wallet you need to integrate mining code with rest of the bitcoin ecosystem. Also you need to have specialized hardware and datacenter with GPUs and ASIC devices that can compute the hash very fast. People run C++ or even assembly code (that is equivalent of the python code shown in this video) to make it faster. Also pending transactions get buffered in a transaction mem pool and miners would get these transactions->mine the valid blocks to add them to a blockchain.
I will be adding more videos covering these topics in future.

[oogabooga]

when i heard the indian accent, i knew i would be learning something today

[codebasics]

I want to clarify that this video was to show simple explanation of how core bitcoin mining algo works, to earn actual bitcoin in your wallet you need to integrate mining code with rest of the bitcoin ecosystem. Also you need to have specialized hardware and datacenter with GPUs and ASIC devices that can compute the hash very fast. People run C++ or even assembly code (that is equivalent of the python code shown in this video) to make it faster. Also pending transactions get buffered in a transaction mem pool and miners would get these transactions->mine the valid blocks to add them to a blockchain.
I will be adding more videos covering these topics in future.

[Taziamoma]

This is the best way I've seen anyone explain what exactly bitcoin mining is. Great job!

[danielbusi]

in all my 20 years of education, no one could explain the subject as perfectly as this wonderful guy....simply stunning man

[theofaure]

Success is about focusing Your energy on what creates results and using what you already know

[valie]

+1 for taking the time to explain the theory (blockchain). When I'm looking to learn something new I need to understand some concepts before diving straight into code, otherwise I don't remember well

[violentgamer]

me as 13 year old guy trying to mine bitcoin with 2 gb ram and Duo core processor 🤣🤣

[rmlmax]

It takes WAY more than 15 lines of code to write successful mining software. You think parallelism, distributed code, network throughput/latency, cpu cycles, memory usage/latency and many more.
15 lines is good start though, agreed. Thanks for explaining the basics 💪

[wendylongstreet]

keep buying and investing in stocks or crypto, soon Bitcoin will hit $100, 000

[chalokim]

Indian guys are like the Morgan Freeman of IT. Always there to explain things we don’t get.

[hyqhyp]

I have been looking for something re: Bitcoin for my very young Python students. Your video is the simplest and most accessible I have found, my 12 year old student can understand it. I think the magic is in its concreteness (and the smoothness of your presentation). As simple as it looks, the art of toning down abstraction for the sake of pedagogy is one of the hardest skills for a teacher to master, and it is rare (probably exacerbated by the curse of knowledge). My AI professor (also Indian) was a master of it, and as near as I could tell he was the only one in the department. Great work, and thanks!

[TheCarmacon]

Holy sh*t I never thought it is possible to explain mining in such a simple and concise way. Best explanation I've seen.

[edmel]

Kohli -> Dhoni, I know what sport this guy likes.

[mwahmed]

I saw the article published in one of the leading news paper in India. Never knew that you are such an amazing guy. Good on you. Stay blessed..

[codebasics]

Friends some fraud BOTS are posting in comments below that someone helped them earn bitcoins, guidance on telegram etc. Don't trust on them, they are all frauds. Someone created even youtube account with my logo and posting as well. If someone is telling you that you can earn money easily then that would be a FRAUD for sure.

[mariasmith]

Hello everyone i'm actually looking for a good expert trader that can help me trade and make good it's very hard to see trusted one. Any idea?

[sourdurian]

this is the best damn tutorial ever. When i heard that accent, I clicked like instantly and continued watching :)

[taganrose]

When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the present and investors of the past can provide us with guidance on how to invest 🙏🙏

[razorbackz]

The lesson. Vegetables are more expensive than medicine.