The Unreasonable Fundamental Incertitudes Behind Bitcoin Mining

Understand

Bitcoin is a "crypto currency", a decentralized electronic payment scheme based on cryptography which has recently gained excessive popularity.

• Scientific research on bitcoin is less abundant.
• A paper at Financial Cryptography 2012 conference explains that it is a system which "uses no fancy cryptography", and is "by no means perfect".
• It depends on a well-known cryptographic standard SHA-256.