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#1 10/08/18 18:08:22

ValeraSkr
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From: America
Registered: 10/08/18
Posts: 8
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------>  START MAKE BITCOIN NOW!!  <------
------>  START MAKE BITCOIN NOW!!  <------
------>  START MAKE BITCOIN NOW!!  <------


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this both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system. bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground. what is proof of work? it must be trivial to check whether data satisfies said requirements. producing a proof of work can be a random process with low probability, so that a lot of trial and error is required on average before a valid proof of work is generated. bitcoin uses the hashcash proof of work.  crypto mining software what is bitcoin mining difficulty? the computationally-difficult problem.  this problem can be simplified for explanation purposes: the hash of a block must start with a certain number of zeros. the probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made. in order to generate a new hash each round, a nonce is incremented. see proof of work for more information. 

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