Mining Bitcoin: Solving the Puzzle

Andreas explains how mining Bitcoin involves hashing, puzzle-solving, and a special number called the nonce. 0:00 What miners do to solve the mining puzzle? 0:16 The miners use a hashing algorithm called SHA 256 to produce a hash 1:02 The miners takes the block header from the candidate block 1:43 There's a special number in there called the nonce 2:03 How difficult is it to solve the puzzle? 2:33 Summary: What is the miner doing? What is a Monthly Q&A Community Builder Livestream? Once a month, Andreas answers community questions on anything related to Bitcoin, Ethereum, the Lightning Network, really anything related to open blockchains. He’s live on YouTube for about an hour, answering the best questions asked by Community Builders on Patreon, Community Members on YouTube, and anyone who shows up during the event. How can I ask questions and vote? You’re welcome to ask your question at the next Livestream event. You can find out when it is by subscribing to the channel and turning on notifications or by visiting this playlist: https://www.youtube.com/playlist?list=PLPQwGV1aLnTtqBtaD-hSCf9RwpwQQy-Ji. Community Builders who support this free work on Patreon get to ask questions and vote on questions at least a week before the event. YouTube Community Members who support this work get to ask questions and vote an hour before the event starts. Everyone else gets to ask questions and vote on questions when the event starts. Giving early access is a small way Andreas can give something to the people who help to financially support the mission and still include anyone who wants to participate. SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1 JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join BECOME a Community Builder: https://patreon.com/aantonop You may already know that Andreas’ mission is to educate as many people as possible about Bitcoin and open blockchain technologies. Watching and sharing these videos is one way to do that. Thank you for being part of this mission! About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com ***Learn More From Andreas’ Workshops, Books & Events** Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8 Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8 E-books & Merch: https://aa ... https://www.youtube.com/watch?v=DMKvBdYiPAg