Topic: Hashing Power vs Nonce History (Read 114 times)
My understanding is you don't just need a valid nonce. You need an entire valid block. Valid version, valid merkle root, valid nonce, and every other component, all need to equal the correct value. so you try your 4 plus billion combinations of nonce on a block template, it's wrong, so you change the extra nonce value in the coinbase of your merkle root, and recalculate the merkle root, and try again with the 4 billion plus nonces, and so on, until you find a valid block template, or someone beats you too it. Plus there are other changeable parts too, like the version. Most of these combinations will not even have a valid 32 bit nonce.
A good description of how mining works can be found in the KanoPool Help page other parts are a good intro to the entire process.
Hello Everyone
Im hoping someone can school me, because im having a hard time wrapping my brain around something.
From what I understand, mining is just guessing nonces. Hit the right one to pad a bunch of 0's and you win.
When looking at blockchain explorer, im noticing that the highest nonce on average is about 4 billion (4,xxx,xxx,xxx)
My understanding of that (and this may be where the gap is) is if you started at 0 and ended up with a valid nonce of 4,232,211,322, you would have had to compute ~ 4 billion hashes to get there (assuming you went sequentially)
4 billion hashes is the equivalent of 4 GH.
Achieving 4 GH/s nowadays isnt trivial.
The question, why cant miners mine the block in 1 second?
If a valid nonce is on average below 4,000,000,000, why cant a simple 4 GH/s miner do it 1 second?
I must be missing something simple and probably stupid...
TIA!
The difficulty changes every 2016 blocks, and according to the algorithm, that many blocks must be mined in 2 weeks.Im hoping someone can school me, because im having a hard time wrapping my brain around something.
From what I understand, mining is just guessing nonces. Hit the right one to pad a bunch of 0's and you win.
When looking at blockchain explorer, im noticing that the highest nonce on average is about 4 billion (4,xxx,xxx,xxx)
My understanding of that (and this may be where the gap is) is if you started at 0 and ended up with a valid nonce of 4,232,211,322, you would have had to compute ~ 4 billion hashes to get there (assuming you went sequentially)
4 billion hashes is the equivalent of 4 GH.
Achieving 4 GH/s nowadays isnt trivial.
The question, why cant miners mine the block in 1 second?
If a valid nonce is on average below 4,000,000,000, why cant a simple 4 GH/s miner do it 1 second?
I must be missing something simple and probably stupid...
TIA!
Theoretically, each block should be mined once every 10 minutes, but in practice it can be mined by miners in 1 minute or 40 minutes.
With this difficulty, the current equipment cannot mine blocks every second, but if this happens, then after 2016 seconds the difficulty will increase by 4 times, then the same thing will happen every 2016 blocks until the block mining time decreases to an average of 10 minutes.
Hello Everyone
Im hoping someone can school me, because im having a hard time wrapping my brain around something.
From what I understand, mining is just guessing nonces. Hit the right one to pad a bunch of 0's and you win.
When looking at blockchain explorer, im noticing that the highest nonce on average is about 4 billion (4,xxx,xxx,xxx)
My understanding of that (and this may be where the gap is) is if you started at 0 and ended up with a valid nonce of 4,232,211,322, you would have had to compute ~ 4 billion hashes to get there (assuming you went sequentially)
4 billion hashes is the equivalent of 4 GH.
Achieving 4 GH/s nowadays isnt trivial.
The question, why cant miners mine the block in 1 second?
If a valid nonce is on average below 4,000,000,000, why cant a simple 4 GH/s miner do it 1 second?
I must be missing something simple and probably stupid...
TIA!
Im hoping someone can school me, because im having a hard time wrapping my brain around something.
From what I understand, mining is just guessing nonces. Hit the right one to pad a bunch of 0's and you win.
When looking at blockchain explorer, im noticing that the highest nonce on average is about 4 billion (4,xxx,xxx,xxx)
My understanding of that (and this may be where the gap is) is if you started at 0 and ended up with a valid nonce of 4,232,211,322, you would have had to compute ~ 4 billion hashes to get there (assuming you went sequentially)
4 billion hashes is the equivalent of 4 GH.
Achieving 4 GH/s nowadays isnt trivial.
The question, why cant miners mine the block in 1 second?
If a valid nonce is on average below 4,000,000,000, why cant a simple 4 GH/s miner do it 1 second?
I must be missing something simple and probably stupid...
TIA!
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