The process of solution searching in mining is equivalent to rolling the dice, even though it sounds strange. In real life, you can get lucky, and the number 6 will appear a few times in a row if you experiment. In the perfect world, if you roll it many times, number 6 should appear in 16,67% of cases, i.e., every sixth time (since the dice has six faces), right? Let’s imagine you are rolling the dice and you need to get 6. How to Prevent Yourself From Going Broke?.Ah, don’t forget about His Majesty Bitcoin…12.5 coins or $82530! There are also lower rates, for example, a block of Pirl will give you 10 coins ($4), Ethereum Classic – 5 coins ($84). For instance, for a block of Zcash (ZEC) miner gets 10 coins (currently $2400), for a block in Ethereum network – 3 ETH coins or $900. In cases with different cryptocurrencies for each block found you get different amounts of coins. But if he calls his friends to help, and they will, there’s a chance they will find the right solution pretty fast. The difficulty of mining the most popular cryptocurrencies is so high that the miner can’t deal with it on his own. The moment fortune smiles at him and one of his devices find the right solution of the block the miner gets the reward. The GPU miner rigs or ASIC devices of one miner are going through billions of combinations searching for the desired block solution. It just happens to be that mining is also a sort of a game or a competition, in its own way.
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AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2023
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