Row 49605

Row ID: 49605 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 49605 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The difficulty doesn't come from the math equation. It's comes from the fact they hash through the sha-256 algorithm and therefore don't know the outcome of the equation.

Miners construct a new block by collecting transactions from the mempool and creating a block header containing data like the previous block hash, merkle root, timestamp, and a nonce (initially set to 0).

This block is then hashed using the SHA-256 hashing algorithm, giving a seemingly random output. This output has to be lower than the target output set out by the btc network. If it isn't, the miners will increase the nonce by 1 and run the algorithm again.

The processing power usage comes from trying to perform this algorithm as fast as possible and as many times as possible so they can find the answer first. Due to the SHA-256 randomness, it's essentially a lucky dip each time. The more go's, the more likely the miner will be successful.

FieldValue
text The difficulty doesn't come from the math equation. It's comes from the fact they hash through the sha-256 algorithm and therefore don't know the outcome of the equation. Miners construct a new block by collecting transactions from the mempool and creating a block header containing data like the previous block hash, merkle root, timestamp, and a nonce (initially set to 0). This block is then hashed using the SHA-256 hashing algorithm, giving a seemingly random output. This output has to be low…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1Tb3hkdEo4SGc4dzVhOGZTUzJ4WTN6cnQ1X1dzY1Fxc1hsdGNmV0poMzFqYmtHUnFKSEwtaTdiWVZtTm5VUDR1bzhxS2NBUUk5c0RqRU01cjZrZ2lNc0E9PQ==
url_encoded Z0FBQUFBQm5Lak9oMWI2c3RtdHdEOHA3U0FZb1pUUnVRSmxmOTk0d3M4bGVUNi1GSUpQTEUyek5paHg5aUNZWlNaYU1zNmxpVlVkMkF0N0ZlcUdnRlBXRHBndnNDSWVMcmx6bVhiSTBjWjNsaFIyLW1FcjdhNzVVdEZDSlBUUk14bU1OejFla18wSjB3TVpBRkV0R2xmY3BXWXlUWTZkTGpVR3hReHZvOU02RXJHWmV4VFpNOWNST2RGRlBRbS1YZ3prdE9ORkdidzBwb25HTWlTeDRRQi1IMDhtbklzcFI5UT09

Raw Record

{
  "text": "The difficulty doesn't come from the math equation. It's comes from the fact they hash through the sha-256 algorithm and therefore don't know the outcome of the equation.\n\nMiners construct a new block by collecting transactions from the mempool and creating a block header containing data like the previous block hash, merkle root, timestamp, and a nonce (initially set to 0).\n\nThis block is then hashed using the SHA-256 hashing algorithm, giving a seemingly random output. This output has to be lower than the target output set out by the btc network. If it isn't, the miners will increase the nonce by 1 and run the algorithm again.\n\nThe processing power usage comes from trying to perform this algorithm as fast as possible and as many times as possible so they can find the answer first. Due to the SHA-256 randomness, it's essentially a lucky dip each time. The more go's, the more likely the miner will be successful.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1Tb3hkdEo4SGc4dzVhOGZTUzJ4WTN6cnQ1X1dzY1Fxc1hsdGNmV0poMzFqYmtHUnFKSEwtaTdiWVZtTm5VUDR1bzhxS2NBUUk5c0RqRU01cjZrZ2lNc0E9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9oMWI2c3RtdHdEOHA3U0FZb1pUUnVRSmxmOTk0d3M4bGVUNi1GSUpQTEUyek5paHg5aUNZWlNaYU1zNmxpVlVkMkF0N0ZlcUdnRlBXRHBndnNDSWVMcmx6bVhiSTBjWjNsaFIyLW1FcjdhNzVVdEZDSlBUUk14bU1OejFla18wSjB3TVpBRkV0R2xmY3BXWXlUWTZkTGpVR3hReHZvOU02RXJHWmV4VFpNOWNST2RGRlBRbS1YZ3prdE9ORkdidzBwb25HTWlTeDRRQi1IMDhtbklzcFI5UT09"
}
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