Ethereum: unpack the mystery of the work of bitcoin minors
While the world is struggling with the limits of traditional blockchains and cryptocurrencies like Bitcoin, a question has persisted among amateurs and skeptics: what exactly bitcoin miners do when spending millions of dollars for platforms -Powerful ITFORMS? Is it simply to solve complex mathematical puzzles or is there something more?
The answer lies in the Ethereum ecosystem, a decentralized platform which allows intelligent contracts and decentralized applications (DAPP). In this article, we will immerse ourselves in the world of extracting cryptocurrency and will explore what it really is.
What are Bitcoin miners?
Bitcoin minors are individuals or companies that use powerful computers to solve complex mathematical problems in exchange for a reward in the form of newly created bitcoins. The process is called « mining » and plays a crucial role in the security of the network and verification of transactions on the Bitcoin blockchain.
Imagine a giant digital game, where players compete to solve increasingly complex puzzles. In this case, the puzzle is a mathematical problem which requires significant calculation power to solve. Minors are essentially « players » who try to solve these problems faster than others.
What do minors really need?
To start mine on Bitcoin or any other cryptocurrency, you need:
- Powerful computers : Miners use high -end graphic processing units (GPU) or integrated circuits specific to application (ASIC) to solve mathematical problems.
- Internet connection : A stable internet connection is necessary to download and check transactions.
- Software for a timing : Specialized manages the extraction process, including the algorithm used to solve puzzles.
What do they resolve?
The mathematical problem that minors aim to solve is called « hash ». In simpler terms, it is a cryptographic puzzle that requires significant calculation power to crack. The objective of the hash is to find the most likely solution among an infinite number of possibilities.
To illustrate this, imagine trying to guess the sum of all integers from 1 to 100. It would take a lot of time and calculation to solve this problem with precision. Likewise, Bitcoin minors use their powerful computers to try to find a unique digital hatch that corresponds to the « real » sum – in this case, the total value of all transactions on the network.
Can we see what they resolve?
Although it is theoretically possible to « see » what minors try to solve, the cryptographic nature of the hash makes this difficult. Minors use sophisticated algorithms and advanced calculation techniques to ensure that their solutions remain safe.
That said, some mining pools have revealed that their calculations involve various mathematical operations, such as:
* rounded : Round minors the numbers in a specific location or decimal fraction to create an estimate.
* Modular arithmetic : they carry out complex modular arithmetic operations to find the rest of the division.
* Squering and multiply : minors use algorithms like square and multiplication to solve mathematical problems.
Can anyone give an example?
Let’s see an example: a minor with 10,000 GPU units could try to find the following equation:
2 ^ 32 - 1 = x + y
When `X ‘and » Y « are variables representing the sum of all integers from 1 to 100. Using their powerful computers, minors would try to solve this problem by haunting various entries until they find a solution .
To visualize this process, imagine a massive range of computers working together to try millions of possible solutions. The minor who finds the right solution is rewarded with newly created bitcoins and a fraction of the network transaction costs.
