I’m glad you linked this. I kept hearing “complicated math problems” over and over again, and decided to see what these problems were.
Imagine my surprise when I learned it was just repeatedly guessing a fudge factor so that the hash takes on a certain form
I do feel vindicated seeing others confirm that it isnt really a math problem at all (at least, that it’s not being solved mathematically or even attempting attempting to do so).
I do get why people say it, but it kinda gives a weird air of authority to some guess-and-check stuff
Yeah it'd be one thing if you could encode useful work in the proof (like say fold a protein) but no most pow schemes are just shitty find the value that satisfies the hash function.
NP, fam. I am one of the lucky people that was able to make 184k via btc and eth. I come from pakistan i am VERY LUCKY as a gen 0 migrant in this country. But having this money is even more stressful now since if I fuck up I will not be able to get my family out of poverty. Money sucks.
there's actually no reason for the energy intensive mining they could literally just use a random number generator to enforce scarcity it's an ideological choice
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Its not even that: https://braiins.com/blog/bitcoin-mining-analogy-beginners-guide
I’m glad you linked this. I kept hearing “complicated math problems” over and over again, and decided to see what these problems were.
Imagine my surprise when I learned it was just repeatedly guessing a fudge factor so that the hash takes on a certain form
I do feel vindicated seeing others confirm that it isnt really a math problem at all (at least, that it’s not being solved mathematically or even attempting attempting to do so).
I do get why people say it, but it kinda gives a weird air of authority to some guess-and-check stuff
Yeah it'd be one thing if you could encode useful work in the proof (like say fold a protein) but no most pow schemes are just shitty find the value that satisfies the hash function.
NP, fam. I am one of the lucky people that was able to make 184k via btc and eth. I come from pakistan i am VERY LUCKY as a gen 0 migrant in this country. But having this money is even more stressful now since if I fuck up I will not be able to get my family out of poverty. Money sucks.
there's actually no reason for the energy intensive mining they could literally just use a random number generator to enforce scarcity it's an ideological choice