January 22, 2018
Blockchain proof-of-work, more commonly known as blockchain mining, is a consensus protocol which ensures the integrity of blockchain data.
In proof-of-work, miners compete to add the next block in a sequential chain by racing to solve a cryptographic puzzle. The first miner to find the solution wins a reward in the form of an amount of cryptocurrency specific to that blockchain. For example, successful miners on the Bitcoin blockchain currently receive 12.5 Bitcoins for each mined block.
In this session, we will listen to a miner’s story about how she started with cryptocurrency mining, why she chose to mine primarily on the Ethereum blockchain, and whether she thinks it is still worthwhile to start mining at this juncture.
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Yan Chia, originally hailing from that mystical part of Singapore known as Yishun, first fell in love with computer technology when a friend introduced her to a little game called “Leisure Suit Larry”.
As a nerdy child, Yan enjoyed solving puzzles – including simple cryptography – for fun, never imagining that that would one day pay for her way in life.
As a nerdy adult Yan now spends most of her waking hours’ mining and trading cryptocurrencies and also encouraging more women to explore the potentials and pitfalls of this Brave New World.