Megawatts to Bitcoin : Mining in Theory and in Practice

Node

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<P CLASS="_1mf _1mj"><STRONG>THURSDAY@NODE Presents: Megawatts to Bitcoin : Mining in Theory and in Practice</STRONG></P>
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<DIV CLASS="_1mf _1mj"><STRONG>Doors at 7PM: Talk beings 8PM</STRONG></DIV>
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<H4 CLASS="_1mf _1mj"><SPAN>Bitcoin mining takes as much electricity as the entire country of Czech Republic. The first and ultimate Proof of Work algorithm envisioned by Satoshi Nakamoto in 2009 spawned a global race for cheap electricity, development of specialized ASIC mining machines and a land grab to build specialized data centers for mining.</SPAN></H4>
<H4 CLASS="_1mf _1mj">In this talk we will go over the basics: the SHA256 algo, basic ASIC infrastructure, what does it take to run a mine, regulatory and environmental concerns, the cost of entry and generally the do's and dont's.</H4>
<P CLASS="_1mf _1mj"><EM>"The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash. For our timestamp network, we implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block's hash the required zero bits."</EM></P>
<DIV CLASS="_1mf _1mj"><SPAN>- Satoshi Nakamoto 2009</SPAN></DIV>
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<DIV CLASS="_1mf _1mj"><SPAN>Pavel Machalek is a Co-Founder of Spaceknow, Inc., a VC-funded satellite imagery analytics company based in San Francisco. Previously, Machalek was Head of Remote Sensing at the Climate Corporation, which was acquired by Monsanto Co. for more than $1 billion. </SPAN>Throughout his career, he worked with numerous NASA observatories like Spitzer, Hubble, and Kepler Space Telescopes as Principal Investigator searching for planets in our galaxy and characterizing their atmospheres. Machalek holds a Ph.D. in Physics and Astronomy from Johns Hopkins University.</DIV>
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<DIV CLASS="_1mf _1mj"><EM>About Node:</EM></DIV>
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<DIV CLASS="_1mf _1mj"><EM>Come to San Francisco’s newest private members club and gain insider knowledge on the exploding blockchain and crypto industry and enjoy networking with like-minded people.</EM></DIV>
<DIV CLASS="_1mf _1mj"><EM>Drinks will be provided and additional wine can be enjoyed at Maritime below Node.</EM></DIV>
<DIV CLASS="_1mf _1mj"><EM>Become a member of Node: Node membership provides you with a place to hang out, work, create, and communicate. Unique and exciting events will be hosted every week, from yoga classes, to hackathons, to live music. A core theme in our event programming is focused around the crypto community. Node members get free access or discounts to all events.</EM></DIV>
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<DIV CLASS="_1mf _1mj"><EM>https://www.nodeworldwide.com/</EM></DIV>
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NODE

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Megawatts to Bitcoin : Mining in Theory and in Practice

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