
Bitcoin Mining Quiz
Quiz
•
Computers
•
12th Grade
•
Practice Problem
•
Medium
vamsi j
Used 2+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of Bitcoin mining?
To create a centralized system
To secure the network and validate transactions
To issue fiat currencies
To print physical Bitcoins
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which algorithm is used in Bitcoin mining?
SHA-1
MD5
SHA-256
AES
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reward for successfully mining a block in Bitcoin?
1 Bitcoin
6.25 Bitcoins
10 Bitcoins
50 Bitcoins
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the collection of transactions that miners verify and add to the blockchain?
Hash
Block
Node
Coin
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mining is crucial in preventing which issue in Bitcoin?
Centralization
Double spending
Inflation
Forking
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What kind of hardware is most commonly used in Bitcoin mining today?
CPU
GPU
FPGA
ASIC
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a mining pool?
A group of miners sharing processing power
A place where coins are stored
A marketplace for Bitcoin
A wallet for Bitcoin
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