Sunday, October 31, 2021

Quick Review - Book #41 - "Cryptocurrency Mining" - by Jeffrey Miller

This book was more of a lark;


What is crypto, and how does it work? How on earth do you 'mine' your own virtual 'money?' What the heck is the even all about?

Mining is essentially solving hyper-complex math problems, which are used to verify blocks in a chain, guaranteeing (as much as possible) the continuity of the security of the code. 

So you are putting energy into math, and getting rewarded for the effort. the result of this reward is a currency 'coin,' that only exists virtually.

So, as long as everyone 'agrees' that this can be used for currency, then it has value. If people and crypto fans decide that is doesn't then it will all collapse like a house of cards. 

Interesting!


New up ---- "The Haunting of Hill House," by Shirley Jackson

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