A technical introduction to Bitcoin and crypto-currencies Organised - - PowerPoint PPT Presentation

a technical introduction to bitcoin and crypto currencies
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A technical introduction to Bitcoin and crypto-currencies Organised - - PowerPoint PPT Presentation

Free Technology Workshop A technical introduction to Bitcoin and crypto-currencies Organised by Steven Gordon Room RS410 9am - 12noon Friday 4 July 2014 http://ict.siit.tu.ac.th/moodle/ Sources bitcoin.org bitcoin.it coindesk.com


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Free Technology Workshop

A technical introduction to Bitcoin and crypto-currencies

Organised by Steven Gordon Room RS410 9am - 12noon Friday 4 July 2014 http://ict.siit.tu.ac.th/moodle/

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Sources

  • bitcoin.org
  • bitcoin.it
  • coindesk.com
  • blockchain.info
  • tradeblock.com
  • wikipedia.org
  • ...

As of 3 July 2014

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SLIDE 3

Current Bitcoin Exchange Rates

1 BTC

US 646 21,000 Baht

1 BTC = 103 mBTC = 106 uBTC = 108 satoshi

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SLIDE 4

Bitcoin Price over Past 24 Hours

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SLIDE 5

Bitcoin Price over Past Week

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Bitcoin Price over Past Month

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Bitcoin Price over Past Year

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Bitcoin Price over All Time

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Transactions Per Block

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Number of Orphaned Blocks

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Hash Rate (GH/s)

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Difficulty Factor

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Miners Revenue Per Day (USD)

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Block Chain Length 308,988 Bitcoins Mined 12,974,675 Reward per Block 25 BTC Difficulty Factor ~ 16 billion = 234 Blocks added to chain 143 Bitcoins Mined 3,575 Time between Blocks 10.07 min Transactions 66,110 Transaction Fees 12.75 BTC

  • Est. Transaction Volume

100,000 BTC Hash Rate 120,000 TH/s

Total Past 24 hours

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Mining Hardware

Type MH/s MH/s / Watt MH/s / $ Other Uses CPU 10

0.1 0.1

General purpose

GPU 100 1 1

General purpose

FPGA 1000 1 1

Reprogrammable

ASIC 1,000,000 1000 100

Specific to hash algorithm Solo Mining no longer cost efficient for Bitcoin Pool Mining: greater chance of winning, reward shared across pool

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SLIDE 16

Alternatives to Bitcoin

SHA-256

  • Namecoin
  • Peercoin
  • Mastercoin

scrypt

  • Litecoin
  • Dogecoin
  • Auroracoin

Other/CPU Darkcoin Primecoin