Bitcoin mining with 15 lines of python code | Python Bitcoin Tutorial

///Bitcoin mining with 15 lines of python code | Python Bitcoin Tutorial

Bitcoin mining with 15 lines of python code | Python Bitcoin Tutorial

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Mine the bitcoin with 15 lines of python code. In this video I will show you how exactly bitcoin mining works and we will write simple python program (less than 15 lines of code) that can mine bitcoin block.

Easy explanation of what is bitcoin:

Video in Hindi:

How does one redeem bitcoin reward after producing correct hash? :

Code:
Cool python apps playlist:

#bitcoin #cryptocurrencies

⭐️ Timestamps ⭐️
00:00 Introduction
00:19 Theory
09:21 Coding

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❗❗ DISCLAIMER: All opinions expressed in this video are of my own and not that of my employers’.

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By |2021-07-23T15:15:52+00:00July 23rd, 2021|Python Video Tutorials|24 Comments

24 Comments

  1. codebasics July 23, 2021 at 3:15 pm - Reply

    I want to clarify that this video was to show simple explanation of how core bitcoin mining algo works, to earn actual bitcoin in your wallet you need to integrate mining code with rest of the bitcoin ecosystem. Also you need to have specialized hardware and datacenter with GPUs and ASIC devices that can compute the hash very fast. People run C++ or even assembly code (that is equivalent of the python code shown in this video) to make it faster. Also pending transactions get buffered in a transaction mem pool and miners would get these transactions->mine the valid blocks to add them to a blockchain.
    I will be adding more videos covering these topics in future.

  2. Rodrigo Di Federico July 23, 2021 at 3:15 pm - Reply

    So annoying that all videos mentions hashing as if it were actually mining, when you are simply hashing random numbers. In order to actually MINE, you need to be connected to the bitcoin blockchain and interact with it, to pull the last block data, and send your nonce once you find it. And so far i could not find any video showing how to do that. All the videos simply explains how to hash strings and think it's mining.

  3. Adam Wester July 23, 2021 at 3:15 pm - Reply

    Hypothetically, if you won the 6.5 bitcoins, how would they be deposited to a wallet?

  4. Diamond Sultan July 23, 2021 at 3:15 pm - Reply

    Why we need to add phyton code in binance or others trade apps?

  5. Jon Flint July 23, 2021 at 3:15 pm - Reply

    At work we use verification software that calculates a SHA-1 to check integrity of casino game software to make sure there are no “cheat codes” added to the game code. Does the number following SHA stand for the levels of complexity? 256 levels of complexity?

  6. Mohammad Kardan July 23, 2021 at 3:15 pm - Reply

    Do we need to set up a full node bitcoin to solo mining?
    I have limited resources (hdd) and do not want to download the entire blockchain
    I'm going to test my original method of finding Nance. please guide me

  7. It will take me less than 1 second, and my difficulty variable is equal to 1000. Why will it take me so less?

  8. Jesus Towers July 23, 2021 at 3:15 pm - Reply

    I have 8 RAM, can I mine something in bitcoin with this code?

  9. George Wang July 23, 2021 at 3:15 pm - Reply

    Nicely explained. Thank you.

  10. Nostro 200 July 23, 2021 at 3:15 pm - Reply

    ?​?​?​?​?​?​?​

  11. Not Cute July 23, 2021 at 3:15 pm - Reply

    What must I put under transaction? And how to I get it into my wallet

  12. Ezra Ephrem July 23, 2021 at 3:15 pm - Reply

    Best explain plan

  13. Kovy Jacob July 23, 2021 at 3:15 pm - Reply

    Lmaaseh you can't make money on CPU, you need an ASIC

  14. bitcon hunter July 23, 2021 at 3:15 pm - Reply

    easy to earn bitcoin you must to be known!!easy to earn bitcoin you must to be known!!@

  15. vicky vignesh July 23, 2021 at 3:15 pm - Reply

    There are a lot of ways that you can easily mine Bitcoin and ETH but the infrastructure cost is going to be very high and it requires much higher computational machines and maintance cost is more too

  16. sagarkochar July 23, 2021 at 3:15 pm - Reply

    Nothing to say but I wonder if a get even a single like on my comment !

  17. fakaraka99 July 23, 2021 at 3:15 pm - Reply

    Hi all, my name is Farah. Currently my son is having problems with a tumor in his head and it could possibly life threatening. I hope someone can help by donating or share this message to others. Estimated cost of the surgery is around 20,000 usd and i needed another 12,000 usd. I'm really thankful if someone can help me.

    Since we're from different countries around the world, crypto really useful. My husband died last year due to covid-19.

    Please… If you can't give much, even a little is enough for me.. I just don't want to lost anyone anymore..

    Farah,
    Metamask id,
    0x603a656bc46d4716E5e0A1a16a839ADAf2fA3739

  18. Renato Calore July 23, 2021 at 3:15 pm - Reply

    I didn't understand what 'transaction' is in the variable text. Can someone explain me what is this this string and why do we need it? And where do I take this string

  19. Sanchit Misal July 23, 2021 at 3:15 pm - Reply

    I bitcoin mining can't we make our code to jump some block after guessing one block to make it faster

  20. 365 Label July 23, 2021 at 3:15 pm - Reply

    I absolutely love this guy..

  21. Akshay Gatkal & Co. July 23, 2021 at 3:15 pm - Reply

    Sir I have a Important question. If there are alrady pre-packaged software like tally or sap. Why we need to export data and analyse in SQL or Tabalue.

  22. J. Main July 23, 2021 at 3:15 pm - Reply

    Max nonce made me laugh, I’m childish

  23. Beep Beep Gamer July 23, 2021 at 3:15 pm - Reply

    i will come back once i study python, very interested in cypto and mining stuff. In my school we have started doing python so good thing i can watch this later.

  24. Michał Kliś July 23, 2021 at 3:15 pm - Reply

    THIEF

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