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Thanks DannyHamilton for the explanation.
If all participants in the early days of Bitcoin used the distributed wallet software we wouldn't have this unusual spikes for the values 0 - 58 and the graph would look like this:
https://ibb.co/b3GnBQbAnd why doesn't the graph look like this?
When we take DannyHamilton's post and change Step 2, so the graph would look like the original graph:
- Step 1: Build block
- Step 2: Add nonce to header but set the LSB (1 btyte of the nonce) as a fixed value
- Step 3: Hash header
- Step 4: ...
If you have a fixed value for the LSB, so you have 3 bytes (256^3 = 16,777,216) that you can change to find a valid hash value.