Title: SHA256 Algorithem; How does mining work? Post by: Centaure on March 15, 2013, 09:59:59 PM Hi guys,
I had a look at the SHA256 algorithm on http://celan.informatik.uni-oldenburg.de/kryptos/info/sha2/overview/ (http://celan.informatik.uni-oldenburg.de/kryptos/info/sha2/overview/). It is quite a nice way to explain it. One can try it out on http://celan.informatik.uni-oldenburg.de/kryptos/algo/hash/sha2/ (http://celan.informatik.uni-oldenburg.de/kryptos/algo/hash/sha2/). When I saw this I was asking myself on what do we apply this algorithm for mining bitcoins. I would like to find out how that works for one hash to understand the notion of cryptocoins in general. Best Regards, Centaure Title: Re: SHA256 Algorithem; How does mining work? Post by: DannyHamilton on March 16, 2013, 01:13:52 AM Mining involves repeatedly performing the SHA-256 hash of the block header (incrementing a nonce each time) until you stumble across a hash that has a lower value that the current bitcoin network difficulty target.
Title: Re: SHA256 Algorithem; How does mining work? Post by: dscotese on March 16, 2013, 01:21:38 AM Here you go. (https://en.bitcoin.it/wiki/Block_hashing_algorithm)
Now I'll go read it myself :-) |