What Is Mining?

What Is Mining?

What Is Mining? – “Mining is the process of hashing the block header repeatedly, changing one parameter, until the resulting hash matches a specific target.” In Blog , “What Is a Cryptocurrency?,” you learned about the tribespeople of Yap and their huge stone coins called Rai coins that are mined on islands hundreds of miles away across the Pacific. The work involved to obtain a stone coin has always been a  significant undertaking, so the expense and work involved gives a Rai coin its accepted value. When we played with…

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