Martino
Wed Jul 17 2024
|
5 answers
1264
How do advanced miners make bitcoins?
Could you elaborate on the process of how advanced miners generate bitcoins? I'm particularly interested in understanding the technical aspects behind mining, such as the mining algorithms, hardware requirements, and the economic incentives that drive miners. I've heard about proof-of-work and the difficulty target, but I'd like a more in-depth explanation of how these concepts work together to allow miners to earn bitcoins. Additionally, I'm curious about the competitiveness of mining and how larger mining pools affect the network.
