
LEVEL 2 FOR CRYPTOCURRENCY ALT COINS
For a complete implementation that can actually mine! This miner is not connected to the bitcoin network and is a very simplified version of what would be a real bitcoin miner. The purpose of this implementation is to provide a basic comprehension of the mining logic.
At a high level, the miner software takes a list of active transactions, and then groups them together in something called a "block". Or more accurately stated : The miner software converts all the transactions into a summary view called a "merkle root", and hashes it, which is representative of the transactions.
The mining software then converts this to into a binary format called a Block Header, which also references the previous blocks also called a chain. The target is compressed and stored in each block in a field called bits. And the goal is to make sure the SHA hash of the block is less than this value. In the example below "83ee" is smaller than "83ef". To simplify this concept, you can ballpark the target by counting the leading zeros as the other answer here explains.
Here is an example:. Here is a sample block with transactions you can view on BlockChain. Look in the upper right hand corner of the webpage for this hash:. That previous hash was from today and has 14 leading zeroes. Let's compare that to what was needed 3 years ago with block which has 8 leading zeros.
Skip to content. Star This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. Branches Tags. Could not load branches. Could not load tags. Latest commit. Git stats 10 commits. This brings us to the end of our list. Remember that you can only install one Bitcoin mining software on your computer at a time. Keep in mind that mining is possible with any old computer. Although, the slower the computer is, the smaller the chances are of actually getting a reward.
Therefore, consider pool joining and getting a suitable computer for mining. Here are 2 best mining computers for beginners. Cryptocurrency is the money of the future, so investing in such tools is a very good decision. Download the Bitcoin mining program that best suits your needs and start making money today.
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