Post
Topic
Board Beginners & Help
Merits 4 from 4 users
Re: Proof of Work explained
by
butka
on 15/04/2018, 11:29:40 UTC
⭐ Merited by bitmover (1) ,Foxpup (1) ,LoyceV (1) ,TheBeardedBaby (1)
When that block is full of transactions, it is hashed.
This is not necessarily true. The block can be hashed even when empty or nearly empty.
Miners immediately start to search for a valid hash, even before the block has any transactions. (I guess, the incentive to mine a new block is much larger than to collect the transaction fees!!)
This was puzzling me too, but then I understood somewhat more, thanks to @DannyHamilton.