30 May '16, 1am

It's a good time to learn the technical underpinnings of Bitcoin:

It's a good time to learn the technical underpinnings of Bitcoin:

Recall from above that the output hash for a particular piece of input data seems random the first time you generate that hash. This means it's not possible to predict when a miner will produce a header with the amount of proof of work necessary to add that header to the best header chain. As a consequence, mining is competitive—a large miner who can create hashes twice as fast as a smaller miner will add twice as many headers to the chain, but the smaller miner will still add half that number of hashes and receive roughly half the compensation—so if the smaller miner has a better profit margin than the larger miner, the smaller miner could still be better off.

Full article: https://21.co/learn/introduction-to-bitcoin-concepts/

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