Latest / Weaver: Beyond the Numbers
Bitcoin Mining & Energy Conversion
Steve Kinard, Director of Mining at the Texas Blockchain Council, joined Weaver’s Tim Savage for a look into the bitcoin mining process. Many people may be familiar with term bitcoin mining, but not everyone understands what that process entails.
“A simple explanation is that mining involves a piece of data that is difficult to find and relatively easy to verify,” Steve says. “Bitcoin is a protocol that allows peer-to-peer transactions between you and me or anybody else who is free to come into the network. The function of mining is to validate those transactions. Bitcoin transactions build…
The skinny
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