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To: SMGFan
Mining is really simple. Just run SHA256 hashes until you get the right number of leading zeros. Since hash results are essentially random numbers it takes a lot of hashing to guess such a non-random number. Here's how much hashing it takes: https://blockchain.info/charts/hash-rate which is 14,000,000 times a trillion times 60 seconds times 10 minutes or 8,400,000,000,000,000,000,000 hashes to get the right answer. Obviously to do that you need fast hashing hardware and a lot of parallelism. The miners have both. An ordinary computer has neither.
19 posted on 12/29/2017 6:01:53 AM PST by palmer (...if we do not have strong families and strong values, then we will be weak and we will not survive)
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To: palmer

can you explain in simpler terms ? Seems like searching Sahara Desert with a metal detector. If you find the treasure you get rich. But the treasure was hidden by someone who created this treasure.


21 posted on 12/29/2017 6:12:23 AM PST by SMGFan (Sarah Michelle Gellar is on twitter @SarahMGellar)
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