Mags on Nostr: Oh no, the SEC got their mining definition from the bargain bin ...
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,
"tags": [
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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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