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> Bitcoin requires so-called miners to do vast amounts of useless calculations finally someone calling it like it is

• 2_0_2_0_R_M_S 5y ago
  MOUON
• WantonQuantum 5y ago
  A better characterization would be that Bitcoin requires miners to perform vast amounts of hashing in the hopes of finding a hash that is arbitrarily difficult to find.
  • missingrib 5y ago
    That's needlessly technical. The original sentence summed it up better.
    • tromp 5y ago
      Furthermore, Proof of Work is not necessarily hashing [1]. [1] https://cryptorials.io/beyond-hashcash-proof-work-theres-mining-hashing/ https://cryptorials.io/beyond-hashcash-proof-work-theres-min...