BITCOIN RECORD // 03.07

MINING

> Energy becomes a competition for the next block.

      .-----------.
     /  HASH HASH  \
    |  >>>>>>>>>>>> |
    |  00000000000  |
     \_____  ______/
           \/
        [BLOCK]
          ||
       ___||___
      /_______/\

SIGNAL RECOVERED // SEARCH IN PROGRESS

Miners assemble candidate blocks and repeatedly hash block headers while searching for a value below the network target. A successful miner can propose the next block and may receive the block subsidy and transaction fees if the block is valid.

The miner searches. The nodes judge.

KEYBOARD // PRESS P · N · M · 0