What are the hardware and software requirements for bitcoin mining and how do miners compete to solve complex mathematical problems?

1 answers

• Paul ChungMar 22, 2024 · 2 years ago
  Mining bitcoin requires specific hardware and software. The hardware requirements include powerful ASICs that are designed for mining and are more efficient than regular computer processors. You'll also need mining software to connect your hardware to the bitcoin network. In terms of competition, miners compete by solving complex mathematical problems using their computing power. The first miner to solve the problem is rewarded with bitcoins. This competition is fierce, and miners constantly strive to improve their hardware and software to gain an edge.
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