Mags on Nostr: Oh no, the SEC got their mining definition from the bargain bin 1. Miners don’t ...
Oh no, the SEC got their mining definition from the bargain bin
1. Miners don’t solve complex equations: they're repeatedly hashing a block header using the SHA-256 algorithm until a valid hash is found
2. Not cryptographic puzzles: it's closer to a brute-force search for a hash that meets a specific difficulty target
3. The process is trial & error: a game of luck & computational power
We're getting there, but more education is needed
Published at
2025-03-20 19:38:25Event JSON
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"pubkey": "5c89facf55a1e2b44d4697e098b34d6632ff666d9eb819ca8b25ac2fbcb74ddb",
"created_at": 1742499505,
"kind": 1,
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"content": "Oh no, the SEC got their mining definition from the bargain bin\nhttps://image.nostr.build/90710aabb612e8c3e48aeb88f4a4e0dadb75689a2b4b06a7ea0603d07c64043a.jpg\n\n1. Miners don’t solve complex equations: they're repeatedly hashing a block header using the SHA-256 algorithm until a valid hash is found\n\n2. Not cryptographic puzzles: it's closer to a brute-force search for a hash that meets a specific difficulty target\n\n3. The process is trial \u0026 error: a game of luck \u0026 computational power\n\nWe're getting there, but more education is needed",
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