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1

A man from USA saying to create blockchain wallet n top up then share ur email n wallet address not login not password to connect my wallet to a s9 machine for mining i 'll keep my money with me in my wallet he will create a node address to connect s9 To be clear: this is absolute nonsense, what he is describing has NOTHING to do with how mining actually ...


3

connect my wallet to a s9 machine for mining ... is it safe No. You will lose all your money. He will use your fear of losing your money to trick you into giving him more money (e.g. private-key release fees) and more money and more money until you have nothing left to give. Then he will tell you to borrow more money from your family, from the bank, from ...


0

The blocks would come faster and faster. After a while (assuming there are enough computers and the price is high enough) the blocks would not be mined properly because their timestamps would be too close. This, however, would not happen if the mining power stayed constant as well and in that case, everything would happen as normal.


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You would eventually be up against network propagation speed, since miners would get powerful enough to mine faster that the blocks can propagate across the network. The nodes with the lowest latency between each other would always be ahead with the longest chain, penalizing those with higher latency. You're correct that the 21 million will be reached much ...


4

Everything MCCCS wrote is good, but just to clarify on your last question: How many nodes must approve/verify the winning hash before it is accepted into the bitcoin network as the next block to be added? This question is slightly misguided: there is no 'accepting a block into the bitcoin network', because this assumes there is some network-wide ...


3

3: Each node has its own mempool. Each node validates the new transactions that they receive when they receive. 4-5-6: Nodes don't mine, miners do. Miners never stop, and each [some interval] they fetch a new block template from the pool operator's node, wh[ose merkle hash] includes new transactions. When they find a block, it is published and transactions ...


1

This chart - hash rate means total hash rate of All minor? No, it represents the hash rate of the network. It is determined by using the time it took to find the block and the current difficulty of the Bitcoin blockchain. To cite an example, the current difficulty bits are 0x1729fb45, which means we need to find a block header hash that is less than '...


2

If ‘block finalization’ is needed, then your chain is broken. I say this because PoW is the method by which the Bitcoin network maintains consensus, and so the only reason we may introduce a ‘block finalization’ is if we worry that PoW will not be able to accomplish it’s job. If PoW cannot accomplish its job, then the system is already broken. It really is ...


1

The pool members will notice that the pool is not mining as many blocks as it ought to, given its supposed total hash power as reported by the manager, and that they are therefore not earning as much money as they should. A certain amount of this could be attributed to "bad luck"; but over time, or if it becomes extreme, they can tell statistically that ...


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