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This article was published on August 29, 2017

    Learn about cryptocurrency mining with this interactive blockchain demo

    Learn about cryptocurrency mining with this interactive blockchain demo
    Tristan Greene
    Story by

    Tristan Greene

    Editor, Neural by TNW

    Tristan covers human-centric artificial intelligence advances, quantum computing, STEM, Spiderman, physics, and space stuff. Pronouns: He/hi Tristan covers human-centric artificial intelligence advances, quantum computing, STEM, Spiderman, physics, and space stuff. Pronouns: He/him

    In order to understand cryptocurrency you’ll need to grasp the fundamentals of blockchain. Luckily, someone made an interactive tutorial that not only explains the idea, but walks users through mining valid hashes with their CPUs.

    Blockchain Demo overcomes part of the learning curve by showing you exactly what mining looks like. It’s a creative way to adapt a useless form of mining for educational purposes. You’ll need hardware like a miner — a computer built for the job —  if you want to make any actual money.

    We’re past the days of adapting an old computer for the job, entry-level units have six GPUs. The bare-bones miner costs about $300, but considering many manufacturers have a minimum order amount, sometimes in the range of 100 units, this isn’t a weekend hobby.

    Credit: Blockchain Demo

    Blockchain Demo’s creator, Sean Han, explained his project on Product Hunt:

    Blockchain Demo is my attempt at demystifying the technology behind cryptocurrencies. It has a living blockchain, a peer-to-peer network, and a user tour.

    Han’s tool guides you through the process of mining a block using the same type of ledger technology powering Bitcoin.

    For a deeper dive into the concept, you can also check out the inspiration for Blockchain Demo in this video by Anders.