Cryptocurrency Q&A
Which algorithm is used to mine Bitcoin?
Which algorithm is used to mine Bitcoin?
SsangyongSpirit
Wed Dec 11 2024
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7 answers
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I want to know which specific algorithm is utilized in the process of mining Bitcoin.
7 answers
Lorenzo
Thu Dec 12 2024
The core concept of Bitcoin mining revolves around the hash.
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Luigia
Thu Dec 12 2024
When a block of information is sent through this algorithm, it undergoes a complex transformation.
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ShintoSanctum
Thu Dec 12 2024
This hash represents a unique identifier for each block of information.
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BusanBeautyBloom
Thu Dec 12 2024
The result of this transformation is a 64-digit hexadecimal number.
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SsamziegangSerenade
Thu Dec 12 2024
This number, known as the hash, serves as a proof of the block's validity and uniqueness.
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