Find the complete tutorial series of bitcoin technical concepts at https://bitcoindevs.xyz/decoding/welcome
HASHERS AREN'T MINERS.HASHERS AREN'T MINERS.
Mining Process:
- Running a Node
- Begin construction of a new block template
- Select Transactions: From the pool of unconfirmed transactions
- Create coinbase Tx
- Constructing Merkle Trees
- Hashing for the Block Solution
7.1. If success, submit the block
Hashing Process:
- Only Hash
This should be in a different territory
The territory you own.
YES
hell fucking yes it's the territory I manage
You took 9.5 hours to boast about that after your initial trite response? Hahaha.
I took 9.5 hours to fact check you, my bad
You’re slow. Hahaha.
sometimes
Short but very elaborative! Thanks for sharing it.
i don't understand the point of this post
Miners do more than just hashing? Obviously. Duh.
To virtue signal...
But yeah, obviously mining != hashing.
People selling their hash are operating as economic creatures, following incentives. C'est la vie.
Definitely good to have guides available for people that want to go deeper.
Here's another guide - https://escapethetechnocracy.com/2024/03/07/setting-up-a-bitcoin-node-with-stratum-v2-in-a-box-the-easy-way/
https://www.ccn.com/education/crypto/mining-vs-hashing-whats-the-difference/
isn't selling hash indirect mining?
mining is not hashing obviously
door dash is not cooking
the end result is the same
Of course it's indirect mining. But people are trying to make a point by calling it ONLY "hashing" with air quotes
@evanbaer
what do you think? This is your wheelhouse
Hashing vs Mining is a valid distinction, and calling miners who delegate block template construction to the pool (every miner today) "hashers" is a more technically correct label.
That said, language is sticky, and Miners are miners. We'll see how it plays out as more miners take on block template construction with Ocean's Datum and SV2 with Demand pool, etc.
🚩
This post might be more relevant and engaging in the~bitcoin_Miningterritory.I agree
@j7hB75
I agree as well.
from a complete layman: What is the chance of a miner getting the 3btc reward? Is the power of the machine still a differentiator for this?
The chance is, in theory,
<your hashrate> in <network hashrate>. But remember that both are approximations and each can be lucky or even have luck streaks, so its never a given.Great graphic!