201 sats \ 0 replies \ @Distivboy_87 5 Feb 2023 \ on: Daily discussion thread
On a Sunday, turning my eyes in detail to the process of Mining a Bitcoin which includes:
  1. Blockchain
  2. Proof of Work (PoW): the process to earn new bitcoins; the first miner to arrive at the right answer, or closest answer, to a numeric problem.
  3. A 64 digit hexadecimal number (a hash): e.g. 0000000000000000057fcc708cf0130d95e27c5819203e9f967ac56e4df598ee
  4. A target Hash: metaphorical undisclosed number in the envelope
  5. Mining pool:a group of coin miners who combine their computing power and split the mined Bitcoin (rewards)
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