Thread: bitcoin mining
View Single Post
Old 03-11-2013, 10:33 PM
billofrights's Avatar
billofrights billofrights is offline
CGN/CGSSA Contributor
CGN Contributor
Join Date: Oct 2012
Location: SFV
Posts: 2,203
iTrader: 4 / 100%

Originally Posted by SoCal326 View Post
So the mining task is to calculate hashes so that transactions can be recorded?

Why do the mining tasks get more complicated over time? Is that something intentionally built into the system because of the expectation that computers will become faster over time and they want to keep the mining task challenging for the current hardware?


Is it simply because the transaction records become larger over time which causes them to be more complex to calculate?
It gets harder by design, so that eventually the amount of bit coins is capped.
Reply With Quote