Blockchain-Bitcoin for beginners 9- Bitcoin difficulty, target, BITS - all you need to know(1).mp4

Blockchain-Bitcoin for beginners 9- Bitcoin difficulty, target, BITS - all you need to know(1).mp4

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From: James Coin

Related topics : bitcoin difficulty target / bitcoin blockchain / bits to bitcoin / all about bitcoin / 1 bitcoin

Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS - all you need to know

In this video I break the somewhat confusing and mysterious question of how exactly the block difficulty is defined, represented and updated.

There is a simplification/misconception that the requirement is just to find a hash with a required number of leading zeros in hex. This is not the case, it's a little more intricate than that....

I show some examples of real blocks - in particular focusing on the genesis block, and how import it is for initializing the difficulty of mining a block.

I...

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From: Matt Thomas

Related topics : all you need to know about bitcoin mining / bitcoin difficulty target

I0Coin (I0C) Price Alert, Chart & News on BitScreener.com

More detail: https://bitscreener.com/coins/i0coin

I0coin (I "zero" coin) (Symbol: I0C) is a distributed, peer to peer cryptocurrency which allows instant payments to people from any place in the world. I0coin is the independent of any central authorities. The system carries out collectively the controlling transactions and issuing money. The original i0coin software was published in August 2011 with public mining commencing on August 16, 2011. It was based on the open-source Bitcoin software...

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From: BitScreener

Related topics : bitcoin mining software open source / bitcoin difficulty target / bitcoin maximum number of coins