Hashing IS NOT Mining \ stacker news ~bitcoin

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Hashing IS NOT Mining

1411 sats \ 21 comments \ @bitcoin_devs 18 Feb bitcoin

Find the complete tutorial series of bitcoin technical concepts at https://bitcoindevs.xyz/decoding/welcome

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

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30 sats \ 0 replies \ @TheMorningStar 19 Feb

Short but very elaborative! Thanks for sharing it.

10 sats \ 1 reply \ @Bell_curve 19 Feb

@evanbaer

what do you think? This is your wheelhouse

10 sats \ 0 replies \ @evanbaer 5h

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.

9 sats \ 2 replies \ @mod 20 Feb

🚩 This post might be more relevant and engaging in the ~bitcoin_Mining territory.

0 sats \ 1 reply \ @Bell_curve 20 Feb

I agree

@j7hB75

9 sats \ 0 replies \ @j7hB75 20 Feb

I agree as well.

9 sats \ 3 replies \ @kilianbuhn 18 Feb

i don't understand the point of this post

Miners do more than just hashing? Obviously. Duh.

9 sats \ 2 replies \ @expatriotic 19 Feb

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/

0 sats \ 1 reply \ @Bell_curve 19 Feb

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

9 sats \ 0 replies \ @expatriotic 19 Feb

Of course it's indirect mining. But people are trying to make a point by calling it ONLY "hashing" with air quotes

9 sats \ 1 reply \ @LibertasBR 18 Feb

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?

9 sats \ 0 replies \ @optimism 18 Feb

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.

9 sats \ 0 replies \ @BlokchainB 18 Feb

Great graphic!

100 sats \ 7 replies \ @Bell_curve 18 Feb

This should be in a different territory

9 sats \ 6 replies \ @j7hB75 18 Feb

The territory you own.

0 sats \ 4 replies \ @Bell_curve 19 Feb

hell fucking yes it's the territory I manage

0 sats \ 3 replies \ @j7hB75 19 Feb

You took 9.5 hours to boast about that after your initial trite response? Hahaha.