Just for getting to know how mining works, I configured guiminer for solo mining. In the status bar, it show some info like [Difficulty 1, Hashes 42-last at: time]
I know this is a noob/dumb question but please tell me.. when a block is discovered?
Is it when (1.) one of these "Hashes 42" meets the validation requirements OR (2.)when a required number of hashes are produced? e.g after 1,000,000 hashes..
If it's (1.), is it possible (in theory) for the first produced hash (Hashes 1) to be the solved block?
My second question: Why in guiminer it says "Difficulty 1"? Isn't it currently 112,628,549?