Andreas explains how mining Bitcoin involves hashing, puzzle-solving, and a special number called the nonce.
0:00 What miners do to solve the mining puzzle?
0:16 The miners use a hashing algorithm called SHA 256 to produce a hash
1:02 The miners takes the block header from the candidate block
1:43 There’s a special number in there called the nonce
2:03 How difficult is it to solve the puzzle?
2:33 Summary: What is the miner doing?
What is a Monthly Q&A Community Builder Livestream?
Once a month, Andreas answers community questions on anything related to Bitcoin, Ethereum, the Lightning Network, really anything related to open blockchains. He’s live on YouTube for about an hour, answering the best questions asked by Community Builders on Patreon, Community Members on YouTube, and anyone who shows up during the event.
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You may already know that Andreas’ mission is to educate as many people as possible about Bitcoin and open blockchain technologies. Watching and sharing these videos is one way to do that. Thank you for being part of this mission!
About aantonop: Andreas isn’t promoting a company or an organization; he’s paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com
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#Bitcoin #BitcoinEducation #BitcoinMining
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