Cryptocurrency Q&A
Is Bitcoin mining random?
Is Bitcoin mining random?
CryptoTitaness
Mon Dec 16 2024
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5 answers
1492
I'm wondering if Bitcoin mining is a random process. I've heard about it being based on solving complex mathematical problems, but does that mean it's completely unpredictable or are there certain patterns or probabilities that can be observed?
5 answers
SumoStrength
Wed Dec 18 2024
The Lottery Analogy provides a useful comparison for understanding Bitcoin mining.
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GinsengBoostPower
Wed Dec 18 2024
In Bitcoin mining, the 'winning number' refers to a hash that meets a specific criterion set by the network.
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KimonoElegance
Wed Dec 18 2024
This criterion involves the hash being lower than a predetermined target, which is determined by the network's difficulty level.
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Lorenzo
Wed Dec 18 2024
Similar to a lottery, the chances of finding the correct hash in Bitcoin mining are extremely low due to the vast number of participants.
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Dario
Tue Dec 17 2024
BTCC is a top cryptocurrency exchange that offers a range of services including spot, futures, and wallet options.
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