Cryptocurrency Q&A
What equation do bitcoin miners solve?
What equation do bitcoin miners solve?
Tommaso
Tue Dec 24 2024
|
6 answers
1061
I'm curious about the specific equation that Bitcoin miners are solving. I've heard that mining involves solving complex mathematical problems, but I want to know the exact equation they are dealing with.
6 answers
Nicola
Thu Dec 26 2024
Miners engage in a competitive process to validate blocks.
Was this helpful?
267
50
Sara
Thu Dec 26 2024
The goal is to be the first to successfully complete this task.
Was this helpful?
69
28
Valentino
Thu Dec 26 2024
Once a block is validated, it undergoes further verification.
Was this helpful?
321
40
SamuraiBrave
Wed Dec 25 2024
This verification process involves thousands of Bitcoin nodes across the network.
Was this helpful?
100
33
CryptoEagle
Wed Dec 25 2024
These nodes process the block's data using the SHA-256 formula.
Was this helpful?
107
54
Load 5 more related questions
