![]() ![]() Once a miner finds a solution that satisfies the requirements, they can submit it into the contract (calling the Mint() function). Like traditional mining, the miners use the SoliditySHA3 algorithm to solve for a Nonce value that, when hashed alongside the current Challenge and their Minting Ethereum Address, is less-than-or-equal-to the current Difficulty Target. The 0xBitcoin contract was deployed by Infernal_Toast at Ethereum address: 0xb6ed7644c69416d67b522e20bc294a9a9b405b31ĠxBitcoin's smart contract, running on the Ethereum network, maintains a changing "Challenge" (that is generated from the previous Ethereum block hash) and an adjusting Difficulty Target. The total lifetime supply of 0xBitcoin is 21,000,000 tokens and rewards will repeatedly halve over time. Miners can put their hardware to work to claim these rewards, in concert with specialized software, working either by themselves or together as a Pool. Rather than solving 'blocks', work is issued by the contract, which also maintains a Difficulty which goes up or down depending on how often a Reward is issued. MINING IN A NUTSHELL 0xBitcoin is a Smart Contract on the Ethereum network, and the concept of Token Mining is patterned after Bitcoin's distribution. Feel free to suggest 0xBTC to your favorite exchanges! or Traded OTC on the 0xBitcoin Discord or wherever traders see fit. ![]()
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