Even if you didnt catch all of that solving this would be the necessary missing link for a dozen different more advanced problems in diophantine analysis and is also linked to the legendary. People need to understand what proof of work is.
:max_bytes(150000):strip_icc()/BlockReward-5c0ad88946e0fb0001af7198.png "Bitcoin Mining Explained | Earn bitcoin by solving math problems")
Bitcoin Mining Explained
Miners are checking transactions of other users.
Earn bitcoin by solving math problems. In fact they are only math problems in the same ! sense that watching a youtube video is doing a computation. One of the 7 millennium problems is already solved but the rest of them needs a solution if you have it. Solving these 6 major math problems can earn you 1 million.
It is often brushed over and simply referred to as complicated math in the media but its actually quite simple to understand even if it is computationally intensive to solve. In this application you will earn extra by just solving simple math problems like additionsubtractionmultiplication and divisionand they will pay you thru paypal youtube channel. The millennium problems are the seven most difficult problems and if you can solve any one of these you can earn 1 million as a reward.
How mining works is at the very heart of bitcoin. We dont want people to think that bitcoin is wasting electricity by solving math puzzles and then throwing the solutions away. Youre not actually doing the solving and its a simpl! e brute force effort but the fact of the matter is youre techn! ically trying to solve a math problem before anyone else.
If somehow you are really into maths and very talented in the field then there are some problems that can make you rich if you can find their solution. The bitcoin protocol is built in such a way that this process sometimes creates new bitcoins.
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