LadyBitsBTC on Nostr: At the base of the Bitcoin Tree, they met Mia Mole, a proud Miner. “My job here is ...
At the base of the Bitcoin Tree, they met Mia Mole, a proud Miner.
“My job here is so much fun! I navigate specialized computers called ASICS that work really hard to solve a mathematical puzzle using the previous block’s data and a special algorithm called SHA-256. These algorithms are the key to solving the puzzles, completing a new block, and adding it to the blockchain. Miners all over the world use ASICS in a race to be the first Miner to solve the puzzle! When a Miner finds the SHA that solves the last block’s puzzle, the current mempool transactions officially become part of the next block. We are always working, around the clock and throughout all the Forests, and usually get a new block about every ten minutes.”
“That sounds like a lot of work, all the time!” Cam exclaimed.
“It is, but it’s fun if you like puzzles. Also, the reward for solving the puzzle is worth it! I earn a set amount of Bitcoin, and any transaction fees Creatures pay to have their transaction included on the block, if I solve the puzzle first. There are only 21 Million Bitcoin that can be mined, so when we reach that limit miners will earn transaction fees only.”
“My job here is so much fun! I navigate specialized computers called ASICS that work really hard to solve a mathematical puzzle using the previous block’s data and a special algorithm called SHA-256. These algorithms are the key to solving the puzzles, completing a new block, and adding it to the blockchain. Miners all over the world use ASICS in a race to be the first Miner to solve the puzzle! When a Miner finds the SHA that solves the last block’s puzzle, the current mempool transactions officially become part of the next block. We are always working, around the clock and throughout all the Forests, and usually get a new block about every ten minutes.”
“That sounds like a lot of work, all the time!” Cam exclaimed.
“It is, but it’s fun if you like puzzles. Also, the reward for solving the puzzle is worth it! I earn a set amount of Bitcoin, and any transaction fees Creatures pay to have their transaction included on the block, if I solve the puzzle first. There are only 21 Million Bitcoin that can be mined, so when we reach that limit miners will earn transaction fees only.”