According to reports from local media, there are many strict measures taken by the authorities to break down bitcoin miners in Baoshan in Yunnan province in China. The recent move of the authorities was an order to the city’s power suppliers to shut it off, in order to prevent bitcoin...
To understand what problem Bitcoin miners solve we have to first understand what SHA-256 is SHA-256 stands for “Secure Hash Algorithm” which is a Cryptographic Hash Algorithm. A cryptographic hash (sometimes called ‘digest’) is a kind of ‘signature’ for a text or a data file. SHA-256 generates an almost-unique 256-bit...
