Ethereum: Understanding of the bases of the mining bitcoin mining algorithms
When it comes to cryptocurrency extraction, understanding the underlying algorithms is crucial for any investor or passionate who is interested in understanding the technical aspects of Blockchain technology. An aspect that is often forgotten is the Bitcoin Mining Algorithm used by Ethereum. In this article, we will enter the bases of the mining bitcoin mining algorithm and how to compare with our cousin Ethereum.
MINING BITCOIN algorithm
The Bitcoin mining algorithm was developed to solve complex mathematical problems that have contributed to testing transactions on the net and creating new blocks. The algorithm is known as SHA-256 (Sales Algorithm Second 256). Here is a distribution of the simplified process:
1
Blocking : an Alpne creates a block that contains a series of unconfirmed transactions.
- Hash
function: Minre generates a unique hash for each block that acts as a fingerprint.
3
Work test : miners compete to find the hash that meets the specific requirements (e.g. a certain number of main zeros). This is called the test of the work (Pow).
- Validation of the block : When a valid hash is found, the miners transmit it to the net and create a new block.
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Algorithm of Mining Ethereum
On the other hand, Ethereum uses a more complex algorithm called ETHash (also known as Keccak-256). This algorithm is designed to be more efficient from an energy and adaptable Sha-256 of Bitcoin point of view. Here is an overview of the high -level mining Ethereum process:
1
Blocking : an Alpne creates a block that contains a series of unconfirmed transactions.
- Hash function: the Alpide generates a unique hash using an ETHash algorithm based on the Hashing Kecak-256 algorithm.
3
Work test : miners compete to find the hash that meets the specific requirements (e.g. a certain number of main zeros). This is called the test of the work (Pow).
- Validation of the block : When a valid hash is found, the miners transmit it to the net and create a new block.
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Comparison
While both Bitcoin and Ethereum use the SHA-256 as a mining algorithm, there are some main differences:
* Energy efficiency
: ETHash is more efficient from the energy point of view of Sha-256 of Bitcoin, making it a better choice for high-performance processing environments.
* Scalability : The time of creating the Ethereum block is faster (about 14 seconds) compared to that of Bitcoin (about 10 minutes).
* Adjustment of the difficulty : Ethereum in real time can regulate the extraction difficulties, while Bitcoin’s mining difficulties are determined.
In summary, the Mining Bitcoin algorithm is simpler and more efficient from Ethash’s Ethash point of view. However, the time and overall performance of the Ethereum blocks make it a more practicable choice for certain uses. Like any cryptocurrency, the mechanical algorithm at the base can help investors and enthusiasts to make aware decisions on their investments.
