Uh, I know this is tantamount to heresy, and people can just redefine consciousness until they can claim it isn't true again, but... we actually *do* have a pretty good understanding of what consciousness is and how it happens these days.
People have been studying neurology, neuroanatomy, etc on the one side, and researchers in AI have been building things and making discoveries about what those neural structures mean, on the other. At this point, we do in fact know enough that given sufficiently powerful hardware we could build not just a simulation of a brain, but engineered neural structures and topologies that would also experience consciousness as we normally understand it.
Many systems - biological or computer - are fully capable of having a complete knowledge of themselves. It's just that, at some point, the knowledge is that, "This structure that's just been described is repeated at foo density in bar volume, with variations on the following schema..." and then proceeds to describe millions of structures with data that's representable in far less space than those structures.
And this is very true of the brain. We have cortical columns that repeat in a hexagonal pattern, with variations depending on what region of the brain we're talking about, for example. And we know what cortical columns do, and how they pass signals to one another, and how those signals interact to make propagating patterns (they used to call them "brain waves") and how those propagating patterns carry and are changed by incoming sensory information, and how memory encoded in the synapses influences the way they propagate and how the interactions between those continually modified patterns in a normal brain lead eventually (through a process we experience as a "decision") to nerve impulses that drive movements of voluntary muscles.
I'm oversimplifying drastically, obviously. There's a hell of a lot more going on. But, the fundamentals, the core process, yes we do understand it. And, I know this is true because of my job. Where do you think we got convolutional neural networks? It's a simplification of one of the primary patterns of structure that appears in the visual cortex, and we've not only figured out that it works, but also *why* it works, and why each part of the structure is needed, and why they're connected the way they are, to the point that we can now build custom convolutional networks suited to different tasks.
With regard to consciousness, we hardcore AI people are now in the position of a seventeenth-century scientist who has figured out transistors. She has nothing yet available in her civilization that would allow her to manufacture any. But she knows what technological developments will be required to enable it.
This is a substantial part of why the conversations on AI have turned serious in the last few years. This is no longer a fantasy that we can safely ignore.
There have always been some people saying that AIs will be monsters or companions or helpers or saviors - look at any number of bad science fiction films from the 50s to today. But they were the inventions of people who had no technical understanding of the process, and mostly spun for drama instead of for any real understanding or for actually planning the future course of civilization. And people left it to the entertainers and didn't occupy the time of sober serious people with it, because nobody took that conversation seriously. After all "we could never build something like that."
They're taking the conversation seriously now, because we now actually understand the parts and how they work together, and people who used to know that "we could never build something like that" are now having to come to grips with "holy shit this is actually going to happen".
People with technological understanding have been pointing out what they can do, and we can do pretty much the whole 'consciousness' thing now given the resources. And sober, serious people who understand how those resources get mobilized and why, and the social implications of that process with respect to what AI will actually get built - Everybody from Elon Musk to Stephen Hawking - have been saying 'wait, we need to figure out what we're going to do with AI, or more importantly what it's going to do with us, before we go much further....'