Lecture 7: Proof of Work and Mining

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  • čas přidán 7. 08. 2024
  • Proof of Work and Mining
    - What are miners doing?
    - Bernoulli trials and Poisson process outcome
    - Transaction fees and block rewards

Komentáře • 6

  • @CrommVardek
    @CrommVardek Před 3 lety +1

    Are the nonce possible value limited ? (example, a nonce would be a fixed size of 256 bytes, then there are a limited number of possible nonce, albeit large pool of possibilities ), because if, so then, testing a possible nonce would further limit the number of trials to do... Or Am I missing something ?

    • @iirekm
      @iirekm Před 3 lety

      The definite answer lies in Bitcoin (or Ethereum) source code, but I'm afraid it isn't limited:
      The hash is already limited (should be

  • @chaithum4784
    @chaithum4784 Před 2 lety +1

    I did not understand what a target is ? Can someone explain that?
    Time : czcams.com/video/GquMLnrFlPk/video.html

    • @qveda_tire
      @qveda_tire Před 2 lety

      I have the same question

    • @drakegao816
      @drakegao816 Před 2 lety

      same here.

    • @user-sf1uj5xu5v
      @user-sf1uj5xu5v Před rokem

      So actually a hash (the result of a SHA-256 hashing algorithm) is a 256-bit NUMBER with a fixed bit length. It doesn't look like a number we are used to deal with every day, so it can be confusing, but it is actually number that can be greater or less than some exact amount, which is called target here. Hopefully you can find this helpful.