Questions tagged [mining-theory]

This tag should be used for questions about the function, the reason for, and the underlying concepts of mining.

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Bitcoin fork resolution - Fork losers download previous blocks 'til common block?

When resolving a naturally occurring fork in Bitcoin, do the miners who were working on the orphaned fork download previous blocks from the miner who won the block reward that resolved the fork until ...
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3answers
202 views

Bitcoin transactions validation process

I have a general understanding of building blocks. But am hoping someone can fill in the details/gaps. Also, can you correct if something is not right? Thanks. Scenario: Bitcoin transactions are ...
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3answers
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How many nodes need to validate a newly created block?

It must be impossible for a newly created block to be propagated and validated by every node in bitcoin network considering offline nodes and the ones with poor Internet connectivity. How many ...
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1answer
83 views

what distribution does the hashrate follow?

Where can i find historical data for the distribution ? How does it fluctuate ? It is not constant, correct ? Mr Nakamoto in his white paper assumed it was constant ?
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Some miners set the nVersion field of the block header to 0x8000004. What were they signalling for? Was this an error?

Some miners set the nVersion field of the block header to 0x8000004. What were they signalling for? Is this an error? I have been through a lot of the BIP documentations, but cannot seem to find any ...
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1answer
189 views

How can i enable mining

My goal is to understand bitcoin. I do not want to earn money with mining. I have a server without GPU (intel i5 with 4 cores) Here is what i've done: I have downloaded, maked and installed bitcoin ...
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Are miner builder/sellers profitability calculations true?

regarding to this question here How many hash calculation is needed to reach one BTC? , it takes about 1387 years with 1 TH/s power rate to reach 1 BTC. So if someone has a machine with 53TH/s power ...
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2answers
102 views

Will this bitcoin mining strategy work?

I'm new to bitcoin, and my knowledge of bitcoin is quite garbled and messy (I have only a vague understanding of Satoshi's original white paper for bitcoin......) I've been reading up on bitcoin ...

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