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Hashing IS NOT Mining
1411 sats \ 20 comments \ @bitcoin_devs 18 Feb bitcoin
Find the complete tutorial series of bitcoin technical concepts at https://bitcoindevs.xyz/decoding/welcome

HASHERS AREN'T MINERS.

Mining Process:
  1. Running a Node
  2. Begin construction of a new block template
  3. Select Transactions: From the pool of unconfirmed transactions
  4. Create coinbase Tx
  5. Constructing Merkle Trees
  6. Hashing for the Block Solution 7.1. If success, submit the block
Hashing Process:
  1. Only Hash
write
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30 sats \ 0 replies \ @TheMorningStar 19 Feb
Short but very elaborative! Thanks for sharing it.
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9 sats \ 2 replies \ @mod 20 Feb
🚩 This post might be more relevant and engaging in the ~bitcoin_Mining territory.
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0 sats \ 1 reply \ @Bell_curve 20 Feb
I agree
@j7hB75
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9 sats \ 0 replies \ @j7hB75 20 Feb
I agree as well.
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9 sats \ 3 replies \ @kilianbuhn 18 Feb
i don't understand the point of this post
Miners do more than just hashing? Obviously. Duh.
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9 sats \ 2 replies \ @expatriotic 19 Feb
To virtue signal...
But yeah, obviously mining != hashing. People selling their hash are operating as economic creatures, following incentives. C'est la vie.
Definitely good to have guides available for people that want to go deeper.
Here's another guide - https://escapethetechnocracy.com/2024/03/07/setting-up-a-bitcoin-node-with-stratum-v2-in-a-box-the-easy-way/
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0 sats \ 1 reply \ @Bell_curve 19 Feb
https://www.ccn.com/education/crypto/mining-vs-hashing-whats-the-difference/
isn't selling hash indirect mining?
mining is not hashing obviously
door dash is not cooking
the end result is the same
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9 sats \ 0 replies \ @expatriotic 19 Feb
Of course it's indirect mining. But people are trying to make a point by calling it ONLY "hashing" with air quotes
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9 sats \ 1 reply \ @LibertasBR 18 Feb
from a complete layman: What is the chance of a miner getting the 3btc reward? Is the power of the machine still a differentiator for this?
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9 sats \ 0 replies \ @optimism 18 Feb
The chance is, in theory, <your hashrate> in <network hashrate>. But remember that both are approximations and each can be lucky or even have luck streaks, so its never a given.
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9 sats \ 0 replies \ @BlokchainB 18 Feb
Great graphic!
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100 sats \ 7 replies \ @Bell_curve 18 Feb
This should be in a different territory
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9 sats \ 6 replies \ @j7hB75 18 Feb
The territory you own.
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0 sats \ 4 replies \ @Bell_curve 19 Feb
hell fucking yes it's the territory I manage
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0 sats \ 3 replies \ @j7hB75 19 Feb
You took 9.5 hours to boast about that after your initial trite response? Hahaha.
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0 sats \ 2 replies \ @Bell_curve 19 Feb
I took 9.5 hours to fact check you, my bad
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0 sats \ 1 reply \ @j7hB75 19 Feb
You’re slow. Hahaha.
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0 sats \ 0 replies \ @Bell_curve 18 Feb
YES
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0 sats \ 0 replies \ @Bell_curve 19 Feb
@evanbaer
what do you think? This is your wheelhouse
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