Curriculum·Junior·J313
Mining, Validating, and Running Infrastructure
Core Scientific, 21 December 2022.3B of total liabilities at 30 September 2022.
Start with lesson 15 lessons · about 3.1 hours · free account to read in full
Lesson 1 opens on
The China mining ban, May to July 2021
On 21 May 2021 the Financial Stability and Development Committee of China's State Council called for a crackdown on bitcoin mining and trading, followed by provincial orders through June.5 percent in September 2019 and 46 percent in April 2021, and The Block cites about 65 percent as of April 2020. By The Block's data network hashrate fell from about 168 exahashes per second on 15 May to nearly 86 by 23 June, a reduction of nearly half.
The lessons
- J313-01Proof of Work economicsExplain how difficulty adjustment converts a competitor's exit into your revenueabout 43 min · opens on The China mining ban, May to July 2021
- J313-02ValidatingDistinguish the two things a validator is penalized for, and why only one is seriousabout 35 min · opens on The Staked slashing, 2 February 2021
- J313-03Delegation and staking servicesSeparate the three routes into a validator and name what each one delegatesabout 32 min · opens on Kraken and the SEC, 9 February 2023
- J313-04Node operation as a userSeparate what a node does from what an RPC provider does on your behalfabout 33 min · opens on Ethereum non-finality, 11 and 12 May 2023
- J313-05DePIN and infrastructure participationSeparate external revenue from emissions, and identify who pays eachabout 43 min · opens on Helium, as reported September 2022