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RE: You think you know about Bitcoin? You don't know Jack! Listen up....

in #bitcoin • 7 years ago (edited)

you look like a smart guy who could knock out two guys at once :D

Noob Question
Miners compete with each other to solve a puzzle in the block to mine bitcoins. I don't get this. Is puzzle used as a metaphor ? Is there some problems inside the block containing bitcoins that the miners has to solve?

7 years ago in #bitcoin by
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     7 years ago 

    Puzzle is a metaphor! Good catch! BitcoIn blockchain has a difficulty level that is constantly rising and thus forcing miners to upgrade thier mining equipment..

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