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RE: Mining Cryptocurrency Explained By Simple, Yet Brilliant Example

in #mining7 years ago

Interesting how you used dice to explain this. I had never actually thought of it this way but it makes a whole lot of sense. I have mined for a little bit, not very long actually, but this makes me understand the process to a greater degree.

So is rolling the "1" finding the block or is rolling the "1" solving the block?

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Its submitting the share :) its very hard to find a block alone, so miners mine together in the mining pools.