What is solo mining and how does it work?

Pickaxe striking a glowing golden block in digital landscape

Introduction Most people think solo mining is a reliable way to make money by doing nothing, although it’s not very safe to do and doesn’t always have to be profitable. We are going to get into the risks of solo mining, how it works and some differences between different types of bitcoin mining How does … Read more

Glossary- Hash

Hexadecimal hash function visualization

One-sentence definition:A Hash is an algorithm that verifies that a block is valid. Why it matters: A hash is important because it verifies the integrity of the block. Without it, the mining system wouldn’t work. Example:In a block in the blockchain, every block needs a number to verify it. Links (internal):

Glossary- Solo miner

Compact ASIC miner on desk

One-sentence definition:A solo miner, a miner that only works for itself and isnt linked up to a public pool Why it matters (2–3 sentences):Solo miners are important since not everybody can attach to a pool. If everybody were attached to a pool, the prize would be incredibly low Example (1 sentence):If you have a Bitcoin … Read more

What is a hash and why does it matter?

Hash function converting input to hexadecimal output - what is a hash

Key takeaways: Introduction: When you think of a Bitcoin hash, you may think of a very complex code that is absolutely impossible to solve. But it’s not that complex to get your head around. In this post, we will talk about what a hash is and what its purpose is in the blockchain. What is … Read more

Glossary- Block

Blockchain block structure showing transactions and hash links

One-sentence definition:A block is a little list of transactions made online. Why it matters (2–3 sentences):Blocks matter since they are records of all the transactions made ever. Without a block, there would be no hash, and the entire blockchain would fall apart. Example (1 sentence):If there is alot of transactions, they all get recorded in … Read more