Topic: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴 - page 43. (Read 9882 times)
January 21, 2019, 09:55:15 AM
The miners randomly earn these ether, and their profitability depends on luck and the amount of computing power they devote to it.
January 21, 2019, 09:54:13 AM
See:
Approximately every 12–15 seconds, a miner finds a block. If miners start to solve the puzzles more quickly or slowly than this, the algorithm automatically readjusts the difficulty of the problem so that miners spring back to roughly the 12-second solution time.
Approximately every 12–15 seconds, a miner finds a block. If miners start to solve the puzzles more quickly or slowly than this, the algorithm automatically readjusts the difficulty of the problem so that miners spring back to roughly the 12-second solution time.
January 21, 2019, 09:51:08 AM
On the other hand, it takes almost no time for others to verify that the hash value is correct, which is exactly what each node does. 
January 21, 2019, 09:50:10 AM
That’s why the puzzle-solving method is called ‘proof-of-work’.
January 21, 2019, 09:49:21 AM
WEEK 2: 15/01/2019 - 21/01/2019
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January 21, 2019, 09:48:52 AM
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January 21, 2019, 09:48:43 AM
There’s no way to fake this work and come away with the correct puzzle answer. 
January 21, 2019, 09:47:29 AM
This is the interesting part because as a right now it’s difficult for miners to cheat at this game.
January 21, 2019, 09:45:35 AM
Its like with this example if miner B finds the hash, miner A will stop work on the current block and repeat the process for the next block.
January 21, 2019, 09:44:33 AM
Next we go with this one:
If the miner finds a hash that matches the current target, the miner will be awarded ether and broadcast the block across the network for each node to validate and add to their own copy of the ledger.
If the miner finds a hash that matches the current target, the miner will be awarded ether and broadcast the block across the network for each node to validate and add to their own copy of the ledger.
January 21, 2019, 09:43:35 AM
More specifically, the miners will run the block’s unique header metadata (including timestamp and software version) through a hash function (which will return a fixed-length, scrambled string of numbers and letters that looks random), only changing the ‘nonce value’, which impacts the resulting hash value. 
January 21, 2019, 09:42:21 AM
For each block of transactions, miners use computers to repeatedly and very quickly guess answers to a puzzle until one of them wins. 
January 21, 2019, 09:41:19 AM
Let me start with it then:
Today, ethereum’s mining process is almost the same as bitcoin’s.
Today, ethereum’s mining process is almost the same as bitcoin’s.
January 21, 2019, 09:40:08 AM
Lets go again with how mining works because I think thats an important part we should all understand
January 21, 2019, 09:38:18 AM
Yeah, well I mean, i dont know if we should start all over but we can do it
January 21, 2019, 09:36:28 AM
We can continue with the mining topic about ethereum so we should start again with that
January 21, 2019, 09:34:08 AM
Perfect! We are all here finally! So lets start with business
January 21, 2019, 09:32:52 AM
Happy o be here, we should continue with the ethereum lecture 
January 21, 2019, 08:51:53 AM
Hey guys!! This is Grabity!
We are already in week number 3!! This is so excited!
We are already in week number 3!! This is so excited!
January 21, 2019, 08:50:07 AM
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