Proof-of-Work: Targets, a Given Nonce Table, the First Valid Nonce and Expected Tries
This lesson is part of the course
In this lesson
You test twenty given nonce hashes against a target, find the first valid nonce with MINIFS, calculate the chance that a single try succeeds and the expected number of tries.
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Lessons in this course
- A Shared Ledger: Balances from a Transaction Log, Running Balances in Order and Double Spends Locked
- Toy Hashes & Chained Blocks: MOD Hashes, Previous-Hash Links and Spotting a Tampered Block Locked
- Merkle Trees: Pairing Hashes Level by Level, the Odd Leaf, the Root and a Proof Path Locked
- Proof-of-Work: Targets, a Given Nonce Table, the First Valid Nonce and Expected Tries Locked
- Difficulty Adjustment: Actual vs Target Block Times over a Window and a Clamped New Difficulty Locked
- Unspent Outputs: Wallet Balances, Spending Whole Outputs, Change and the Implied Fee Locked
- Fee Markets: Fee Rates, Ranking the Waiting Pool, Packing a Block and Waiting Blocks Locked
- Capstone – Issuance & Costs: Halving Rewards, Cumulative Supply, Reward Value vs Energy Cost and a Chart Locked