On this day 12 years ago, Bitcoin’s (CRYPTO: BTC) pseudonymous creator Satoshi Nakamoto explained a “common point of confusion” in the process of Bitcoin mining.
What Happened: In a tweet on July 14, popular Twitter account Documenting Bitcoin shared a screenshot of an important clarification about Bitcoin mining made by Satoshi on the same day in 2010.
Satoshi #bitcoin engineering fact
Mining is not “solving math problems”. It is guessing an immensely large number. You can not cheat it, beat it, or break it. The only option you have is to do the work and go through all of the possible guesses, one at a time pic.twitter.com/zTSFeryZdr
— Documenting Bitcoin (@DocumentingBTC) July 14, 2022