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What's being solved are not just abstract mathematical problems, but equations that have implications on the whole system?
by pero 16y ago
What's being solved are not just abstract mathematical problems, but equations that have implications on the whole system?
- sgornick 16y agoThe "equation" is a simple cryptographic hash performed on a block of data, as described earlier in this thread: http://news.ycombinator.com/item?id=2358396 http://news.ycombinator.com/item?id=2358396 The equation itself is trivial -- it can be calculated hundreds of thousands of times a second by even a really slow CPU. An artificially set difficulty is implemented and the result is that only one of those attempts across the entire network will succeed in about ten minutes, which is the targeted time for processing a batch of transactions (a block).