Bitcoin Forum
March 24, 2017, 04:31:38 AM *
News: Latest stable version of Bitcoin Core: 0.14.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How blocks are divided to pools?  (Read 805 times)
brunoshady
Sr. Member
****
Offline Offline

Activity: 264

Dubs Get


View Profile
June 04, 2011, 04:50:55 PM
 #1

How are them?


Every mining pool is calculating a different block? or could them calculate the same block?

How the system works?

😆
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1490329898
Hero Member
*
Offline Offline

Posts: 1490329898

View Profile Personal Message (Offline)

Ignore
1490329898
Reply with quote  #2

1490329898
Report to moderator
1490329898
Hero Member
*
Offline Offline

Posts: 1490329898

View Profile Personal Message (Offline)

Ignore
1490329898
Reply with quote  #2

1490329898
Report to moderator
1490329898
Hero Member
*
Offline Offline

Posts: 1490329898

View Profile Personal Message (Offline)

Ignore
1490329898
Reply with quote  #2

1490329898
Report to moderator
frozen
Full Member
***
Offline Offline

Activity: 196



View Profile WWW
June 04, 2011, 06:59:20 PM
 #2

It's a lottery. Whoever gets it first wins, and that "win" needs to be confirmed by the rest of the network. So if pool A generates a block at time 1, and pool B generates a block at time 1.0000001, pool A will win, assuming the generation is validated by everyone else.

anodyne
Full Member
***
Offline Offline

Activity: 168


View Profile
June 05, 2011, 08:42:52 AM
 #3

And since every new block is built on the hash of the previous block, everyone starts over using that hash when a block has been generated. So, in effect, everyone is working on the same block.

Bitcoins: solid enough to build pyramids.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!