Bitcoin: How can I tell who mined a certain block? [duplicate] - Cloture & Carrelage

Ciri Blog

Netus et malesuada fames ac turpis egestas integer diam quam nulla porttitor massa amet purus gravida quis blandit.

Bitcoin: How can I tell who mined a certain block? [duplicate]

Decrypting a Block Mined by a Bitcoin Node

As the world’s largest cryptocurrency network, understanding how Bitcoin blocks are mined is crucial for anyone interested in blockchain technology and mining. In this article, we’ll delve into the process of determining who mined a particular block on the Bitcoin blockchain.

The Decoded Hex Value: A Simple Approach

A common method for identifying who mined a block involves analyzing the decoded hex value of the
OP_RETURN (Output Parameter Return) in the first transaction that created the block. OP_RETURN is a special type of output that allows miners to create custom transactions without storing them on the blockchain.

Here’s how it works:

  • There are two types of transactions in each block:
    Normal Transactions

    Bitcoin: How can I tell who mined a certain block? [duplicate]

    and
    OP_RETURN Transactions.

  • Normal transactions contain the necessary data to create new coins or assets, while OP_RETURN transactions have a unique purpose.
  • When a miner creates a new block, he chooses an NP (new reward) that can be used to mine new coins or assets.
  • The first transaction in the new block is called a
    Pre-Miner transaction, which contains the NP and other necessary data.

Decoding OP_RETURN transactions

To analyze OP_RETURN transactions, you need to decode the hexadecimal value of each source address:

  • Open a Bitcoin client or use an online tool that supports decoding hexadecimal values.
  • Look for the first transaction in the new block (usually a
    Pre-Miner transaction) and identify the source addresses.
  • Analyze the hexadecimal values ​​of these addresses to determine which ones belong to OP_RETURN transactions.

Identifying Who Mined a Block

To find out who mined a block, you need to consider several factors:

  • Block Header: Check the Merkle Root hash of the block header to identify potential mining candidates.
  • Transaction Count and Hashes: See the number of transactions in the new block and their hashes (i.e. hexadecimal values).
  • Hash Power Distribution: Analyze the distribution of hash power across different nodes, as it can indicate who has the necessary computing resources to mine.

Conclusion

Decrypting Bitcoin blocks involves analyzing OP_RETURN transactions and understanding the role of block headers, transaction counts, and hash power distribution. By taking these factors into account, you can determine who mined a particular block in the Bitcoin blockchain. Although this method is not reliable, it provides a good starting point for anyone interested in learning more about Bitcoin mining.

Related Posts

Laisser un commentaire

author

Devon Lane

Categories
Archive
Follow us