The Bitcoin Blockchain relies on proof-of-work for security. This technologically relatively simple process is known to be highly competitive and energy consuming. Centralization fears and its environmental impact have discredited Bitcoin's security model, while alternatives haven't been able to establish themselves yet.
In this talk, Peter Ng shares his experience on running more than 40 industrial-sized mining sites, and his views on the future of cryptocurrency mining. All up, Peter manages 250 MW, enough to power around 200,000 average US homes.
No fee. Limited seats are available, please don't forget to RSVP!
- Talk by Peter Ng (https://www.nytimes.com/2016/07/03/business/dealbook/bitcoin-china.html)
- Q&A session with Peter Ng and Lawrence Hui moderated by Michael Gu of Boxmining (https://www.youtube.com/channel/UCxODjeUwZHk3p-7TU-IsDOA)
Lawrence is a tech developer who runs his small Hong Kong mining site for fun as well as doing mining consultation for larger scale miners, particularly real estate property owners. Lawrence also works on Ethereum and with ZenSystem.