Bitcoin Forum
May 25, 2024, 10:15:47 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Can different pools mine the same block at the same time?  (Read 801 times)
suchnoob (OP)
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
January 14, 2014, 09:07:33 AM
 #1

Can 2-3 or more pools mine the same block simultaneously. If so, who'll get the block?
medUSA
Legendary
*
Offline Offline

Activity: 952
Merit: 1003


--Signature Designs-- http://bit.ly/1Pjbx77


View Profile WWW
January 14, 2014, 09:29:39 AM
 #2

They race against each other to produce a hash for a next block. The first pool or solo miner to produce a hash that exceeds the current "difficulty" get recognised as the "next block".

So, yes, they mine the "next block" simultaneously all the time, but the transactions inside that block is not necessarily the same.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!