Generate a random number, check if it's right. That's mining.
Mining is not sOlViNg cOmPLiCaTeD mAtHeMaTiCaL eQuAtIoNs
Generate a random number, check if it's right. That's mining.
Mining is not sOlViNg cOmPLiCaTeD mAtHeMaTiCaL eQuAtIoNs
pleb: so then they hash it with sha256 and check if the number of leading zero bits is less than the difficulty value
reporter: *quickly losing interest* so its like a really complex math problem?
pleb: I mean... technically it's just subtraction... you make sure the hash bits are-
headline: BITCOIN MINING USES REALLY COMPLICATED MATH PROBLEMS
To be fair: You do have to solve complex mathematical equations to see if the guess is right.
It's not the worst oversimplification with Bitcoin.
Yes! This was super confusing for me
Why ppl spread lies??
The truth is easy
Building the luckchain