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Author Topic: BTC: how the miner's complexity gets calculated  (Read 34763 times)

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Offline DrJonesTopic starter

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BTC: how the miner's complexity gets calculated
« on: July 28, 2016, 08:23:18 AM »
I have couple of the questions regarding the work of the BTC. I read that the miners should resolve some math task to seal the block in the chain.
This task looks like this: a miner should find some value, where the Hash of (some data + value) returns some string that starts from 0s.
If there is only one 0 then the task is too simple, if there are, for example, ten 0s the task is complex. So there is a complexity criteria which depends on how quickly was found solution for the previous block.
My questions here are:
1) How the miners get the complexity criteria? There is a P2P network with no master server, so obviously if nobody gives you the complexity criteria it's in your interest to makes it the lowest.
2) In some docs I read that the miner's task is the one I described above, but in the other places it's written that the real task is different.
Can anybody provide me with the task from a math or programming prospective?



Offline kaaposc

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Re: BTC: how the miner's complexity gets calculated
« Reply #1 on: August 18, 2016, 03:22:33 PM »
On this wiki you can find many answers.


 

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