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Since multiple blocks can have the same height during a block chain fork, block height should not be used as a globally unique identifier. Instead, blocks are usually referenced by the hash of their header (often with the byte order reversed, and in hexadecimal).bitcoin обозреватель ethereum dag bitcoin 2018 ethereum coin bitcoin testnet блог bitcoin ethereum online bitcoin eobot bitcoin goldman bitcoin farm bitcoin luxury bitcoin easy decred cryptocurrency habr bitcoin visa bitcoin ethereum wallet wikileaks bitcoin monero xeon
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Not all cryptocurrency mining pools function in the same way. There are, however, a number of common protocols that govern many of the most popular mining pools.bitcoin стоимость lamborghini bitcoin bitcoin de форумы bitcoin cms bitcoin bitcoin гарант code bitcoin
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In the real world, practically every financial system needs a central authority to confirm and process a transaction. For example, if you wanted to transfer some money to your friend, you would probably use a bank.
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The money leaves your account and then a few days later it arrives in your friend’s account. Simple!
However, to do this you need to use a third party, which is the bank! The problem is, you have to put all of your trust into a third party when you use them.
You need to supply lots of personal information and you have to trust them to look after your money.
As you might remember from the 2008 financial crash, lots of banks went bankrupt and people lost their savings. So much for the trust! In the cryptocurrency world, things are different. Blockchain transactions are decentralized, meaning that no single person or authority has control.
You must be wondering how it is possible to confirm and process transactions without a third party? Well, this is because of something called a distributed ledger that is managed by thousands of different miners!
Instead of one person or corporation (like a bank) having control, everybody has it! To become a miner, people use their extra computing power to help solve mathematical puzzles.
The reason computers are needed is because they are designed so that no human could solve them. When the puzzle is solved, the block of transactions is verified. So why would people use their computer to help process/verify a transaction when it will cost them time, money and electricity?
Well, to say thanks for their help, miners receive coins as a reward. (In the case of Litecoin, the miners receive Litecoins). This helps the blockchain operate in a decentralized way!
Mining can be a great way to make a profit while supporting the cryptocurrency community. However, as mining has become more and more popular, it means that there is more competition.
It’s like thousands of people trying to solve the same puzzle. Whichever miner solves it first, gets the reward! (This mining system is known as PoW/Proof-of-Work, however, there are other mining systems too that run on other blockchains, such as the NEO blockchain which uses a variant of PoS/Proof-of-Stake).
Now that you know what mining is, let’s have a look at how it works on the Litecoin blockchain!
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Being a Bitcoin mining rig with such a high hashing rate, you’d think that it would be a nightmare to set up. However, this is not the case. The Antminer S9 has the same user-friendly interface that most Bitmain miners use. This allows you to quickly adjust settings and upgrade the firmware when needed. kurs bitcoin
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