What is Bitcoin Mining? What's the meaning?
But if you have any interest in Bitcoin, you must have heard the word "mining". Encrypted currency mining is different from Shanxi mining. You don't have to carry tools outside, but you can start at home using computers or mining machine equipment. If you're lucky enough, you have the chance to dig up a block and get 12.5 bitcoins, along with the handling fees for all transactions in that block. This is the source of power for miners to forget to eat and sleep. So what is mining? How did Bitcoin miners dig it?_DJMINER
Mining, professional interpretation is the process of computer hash (hash or hash function) random collision. Simply put, the Bitcoin system comes up with a mathematical problem to see who has the first digging equipment to solve.
If you enter a plaintext ABC and hash it, you get another string with numbers and letters. If you type abb, even if you change only one letter, the hash value is completely different.
ABC corresponds to hash:
Ba7816bf8f01cfea4140de5dae2223b00361a396177a9cb410ff61f20015ad
ABB corresponds to hash:
715edf8ba8729420cd4d1ce85ed61954a9f531f8c548df728c407effe839296d
Or would you like to experience it for yourself? Access online encryption Hash online computing, MD5 computing, SHA1 computing, sha256 computing, SHA512 computing - 1024 Tools, select SHA256, don't ask why I must be 256, Bitcoin is using SHA256 computing hash. Enter a paragraph of plaintext randomly, save the corresponding hash value; then change one of the characters in the previous plaintext and compare the results of two hash values to see if the sky is different.
For another analogy, Block 007 assumes that the miners who first calculated the following values can get Bitcoins!_DJMINER
6b88c087247aa2f07ee1c5956b8e1a9f4c8f892a70e324f1bb3d161e05ca107b
Under the leadership of the miners, all kinds of computers began to calculate the correct answers bitterly. The Bitcoin system itself adjusts the difficulty and controls the time of problem solving. Generally speaking, it digs out a block every 10 minutes. In these 10 minutes, the computer can only keep calculating and trying all kinds of strings.
Until you first try out the only correct answer: "bitcoin" (actually not such a simple answer), which corresponds to the hash value exactly the same as the value in the title, then you can write "bitcoin" into the block, and then happily sit and wait for the system to send you 12.5 bitcoins (50 rewards in 09, every four years). Halve the reward Tips handling fees for all transactions in this block.
This is also a contest between different computer computing abilities. Miners with bigger computers/miners are more profitable. Although mining is a probabilistic event, a miner with greater computing power does not always get the fastest positive solution, but proportionally speaking, if the miner has 10% computing power, he can basically dig up to 10 in 100 blocks._DJMINER
Mining rules
Mining, professional interpretation is the process of computer hash (hash or hash function) random collision. Simply put, the Bitcoin system comes up with a mathematical problem to see who has the first digging equipment to solve.
If you enter a plaintext ABC and hash it, you get another string with numbers and letters. If you type abb, even if you change only one letter, the hash value is completely different.
ABC corresponds to hash:
Ba7816bf8f01cfea4140de5dae2223b00361a396177a9cb410ff61f20015ad
ABB corresponds to hash:
715edf8ba8729420cd4d1ce85ed61954a9f531f8c548df728c407effe839296d
Or would you like to experience it for yourself? Access online encryption Hash online computing, MD5 computing, SHA1 computing, sha256 computing, SHA512 computing - 1024 Tools, select SHA256, don't ask why I must be 256, Bitcoin is using SHA256 computing hash. Enter a paragraph of plaintext randomly, save the corresponding hash value; then change one of the characters in the previous plaintext and compare the results of two hash values to see if the sky is different.
For another analogy, Block 007 assumes that the miners who first calculated the following values can get Bitcoins!_DJMINER
6b88c087247aa2f07ee1c5956b8e1a9f4c8f892a70e324f1bb3d161e05ca107b
Under the leadership of the miners, all kinds of computers began to calculate the correct answers bitterly. The Bitcoin system itself adjusts the difficulty and controls the time of problem solving. Generally speaking, it digs out a block every 10 minutes. In these 10 minutes, the computer can only keep calculating and trying all kinds of strings.
Until you first try out the only correct answer: "bitcoin" (actually not such a simple answer), which corresponds to the hash value exactly the same as the value in the title, then you can write "bitcoin" into the block, and then happily sit and wait for the system to send you 12.5 bitcoins (50 rewards in 09, every four years). Halve the reward Tips handling fees for all transactions in this block.
This is also a contest between different computer computing abilities. Miners with bigger computers/miners are more profitable. Although mining is a probabilistic event, a miner with greater computing power does not always get the fastest positive solution, but proportionally speaking, if the miner has 10% computing power, he can basically dig up to 10 in 100 blocks._DJMINER
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