Hashrate: 136TH/S. Built-in mining algorithm increases your mining speed up to 8 times compared to extension format. Jun 29, 2024 · Simply pick your desired Bitcoin miner hashrate and start receiving BTC directly into your crypto wallet. Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. Mining involves solving complex mathematical puzzles. The primary purpose behind the Bitcoin halving is to ensure scarcity and reduce Bitcoin VIP Hash-power 1. Type in the name of the worker that was created when you registered your account – it'll be [username]. To get started mining bitcoins you could get a Antminer S9 for about $500 or a Spondoolies Tech SP20 for about $500. AD. The signature also prevents the transaction from being altered by anybody once it has been issued. It should only be used as a rough estimate and for various reasons will not be 100% accurate. NiceHash Review: NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. Adjust speed and earn: You can increase the mining speed to 280 times for VIP3. However, the process that keeps this digital currency’s heart beating is called “mining. eu: 2 173 May 23, 2024, 01:10:45 PM by mineshop. 3 billion. It then sends the 80-byte block header to its mining hardware (an ASIC) along with a target threshold (difficulty setting). In return for their efforts, miners are rewarded with newly minted bitcoins and Aug 16, 2021 · Bitcoin hit 1 trillion market cap this year. Jul 2, 2024 · What is Bitcoin Mining Summary. We hope you find these articles very Nov 18, 2020 · CGMiner. Apr 30, 2024 · Bitcoin mining is the process of validating the information in a blockchain block by generating a cryptographic solution that matches specific criteria. Bitcoin miners use powerful computers to complete complex mathematical functions called Jul 9, 2024 · The Economics of Bitcoin Mining: Hidden Costs, Rewards, Price Impact and More. 4% in January 2020 to 37. It is done by solving complex cryptographic hash Jan 26, 2023 · The first step to mining Bitcoin at home is to build or purchase a mining rig. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Model #: BTCUGBC1C313. It will typically consist of multiple Mar 18, 2022 · Learn how miners discover new blocks, verify transactions and earn bitcoin rewards by competing with each other. However, the time for mining 1 BTC depends on the hardware and software you use, especially on the mining power. worker1 – and enter the May 17, 2021 · Bitcoin mining ensures that the blockchain is up-to-date with legitimate transactions. Apr 30, 2024 · Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. Mining is the process by which networks of specialized computers generate and release new Bitcoin and verify new transactions. It is like a process of validating a block on the chain network Apr 29, 2024 · A single Bitcoin miner has defied the odds by solving a Bitcoin block alone, netting them the full 3. It's easy to mine bitcoins, litecoin, bytecoins,monero and many more! Mar 28, 2018 · Launch GUIMiner and select 'Slush's pool' from the Server menu. When a bitcoin is successfully mined, the miner Oct 28, 2020 · Bitcoin mining is the process of acquiring the most dominant cryptocurrency in the market today. 9 billion, settling in the middle at around $2. EasyMiner acts as a convenient wrapper for the built in CG; BFGminer softwares. An estimation of hashrate distribution amongst the largest mining pools. It was, at the time, a unique solution to creating trust in a trustless environment. Blocks that are grouped into the 'Unknown' category do not mean an attack on the network, it May 21, 2024 · Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. Eobot Review: Start cloud mining Bitcoin with as little as $10. Test the waters with our Free Bitcoin mining contract, demonstrating just how simple it is to generate passive income with our app. A Bitcoin mining machine allows you to mine Bitcoin. EasyMiner: A GUI based miner for Windows, Linux and Android. 001 Bitcoin. That is, an attacker cannot control a majority Bitcoin Mining: Opportunities in a Challenging Environment. Interested in Bitcoin Cloud Mining? Join the Binance Crypto Mining Pool today or sign up for crypto staking products to earn rewards with cryptocurrency. This shift towards cleaner energy sources, coupled with a 46% year-on-year increase in mining efficiency, underscores the industry's commitment to sustainability . When first introduced in 2009, Bitcoin could be mined by anyone using a home computer. Because every mining node competes against one another, no single actor can perform a 51% attack. PoW is the original blockchain consensus mechanism created by Satoshi Nakamoto and was introduced in the Bitcoin whitepaper in 2008. May 6, 2024 · Key Takeaways. Bitcoin mining is the process through which new bitcoins are created and transactions are added to the blockchain. Apr 14, 2024 · Best for Beginners – Avalon6. Bitcoin runs on a proof-of-work (PoW) blockchain , which is essentially a chain of consecutive blocks containing transaction activity. Like many other cryptocurrencies , bitcoin is based on blockchain technology. Type your wallet’s public address in the search bar. To maximize bitcoin mining effectively, miners must consider the cost of electricity, access to high-speed internet, a cold climate for efficient cooling, and a crypto-friendly political climate with supportive legislation. BitCoin for Beginners - Mac OS Mining, Tips, Mining Software, Wallets And More ! Part 2. $ 2,269. The second 'factor' is a verification code retrieved via text message or from an app on a mobile device. . The role of miners is to secure the network and to process every Bitcoin transaction. Mar 30, 2022 · Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. Set up a crypto wallet. Bitcoin has been in the news and discussed by many technological and political leaders. Miners’ computers (called nodes) collect and bundle individual transactions from the past ten minutes (the fixed “block time” of Bitcoin) into blocks. Though this article focuses mainly on profitability, Bitcoin mining also provides an important part of Bitcoin’s security. The best new top tier ASICs/mining hardware are the Antminer S19 XP and the Whatsminer M53. There are 2 major factors to consider when starting to mine Bitcoin. We provide the secure and most natural mining process as well as 24/7 reliable support team for our customers. Check its website for up-to-date prices. Bitcoin mining is a momentous computer science breakthrough that simultaneously mints bitcoin and validates transactions on the Bitcoin network. Get Started. You need to visit your pool’s website and type in your wallet’s public address when prompted. At its core, Bitcoin mining serves two Apr 20, 2024 · The first Bitcoin halving occurred in 2012 when the reward for mining a block was reduced from 50 to 25 BTC. Étape 1 - Obtenez le meilleur matériel de minage de Bitcoins. Cons: Textual interface. Start it hassle-free within just a few minutes and forget the countless hours waisted to configure a bitcoin miner. Check Bitcoin (SHA-256) profitability data - estimated daily earnings for your hardware with included hashrate and consumption to read out power efficiency. Bitcoin For Beginners - Learn How To Mine Bitcoin ! - Part 1. When a correct solution is reached, a reward in the form of bitcoin and fees for the work done is given to the miner who reached the solution first. ”. Jun 5, 2024 · Every mining pool will have its user interface. How to mine Bitcoin in 5 steps. Slush Pool: Slush Pool is run by Satoshi Labs, a Bitcoin company based in the Czech Republic. The creators of the Avalon6 Bitcoin mining rig, Canaan Creative, built it with simplicity in mind. It involves vast, decentralized networks of computers around the world that verify and secure blockchains – the virtual ledgers that document cryptocurrency transactions. Starting in July 2020, Bitcoin mining profitability began surging in line with Bitcoin’s increasing value. Payments are made once per day if the amount exceeds 0. Pros: Supports GPU/FPGA/ASIC mining, Popular (frequently updated). It’s a tough job. Unmined is a small venture with a global goal: Nowadays all people have a smartphone, we aim that everyone will be able to have access to Two-factor authentication (2FA) is a way to add additional security to your wallet. This will let you see all the information about your Bitcoin mining efforts so far. You can track the profitability of each one of them online through profitability calculators with mining pools. Bitcoin Crypto ASIC Miner - Bitmain Antminer S19J Pro, Efficient Bitcoin Mining Hardware and Tech Solution for BTC/BCH Crypto Mining, 220V PSU and Power Cord Included, 104TH/s, 3068W $14,499. When Bitcoin Mining for Extra Revenue. 8% in January 2022, the last month for which published estimates are available. Fast peer-to-peer transactions. Manage the creation and flow of new units of the bitcoin cryptocurrency BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Bitcoin mining helps to: Incentivize miners who propose and verify new transactions for the Bitcoin blockchain. 00 Mar 9, 2024 · The leading Bitcoin mining hardware is Antminer S19 Pro, WhatsMiner M30S+, WhatsMiner M30S++, AvalonMiner 1246, and WhatsMiner M32-62T. For instance, you can't give the same $5 bill to someone multiple times, or keep 3 days ago · Bitcoin is a digital currency created in 2009. Getting a hold of Bitcoin mining hardware can be tricky as there is tons of demand for these machines. Its mining pool currently controls around 15% of the network hash rate. Apr 25, 2024 · Noise from an open-air bitcoin mining operation in Bono, Arkansas, has led residents to file a lawsuit. Widely billed as the best Bitcoin miner for Windows, CGMiner was one of the first pieces of Bitcoin mining software ever released, and is one of the few Bitcoin miners written in C. And it is money, specifically cryptocurrency. Mar 27, 2024 · A view of a Bitcoin mine in Ekibastus, Kazakhstan on January 03, 2023. 12 Oct 12, 2022 · 3. It has made international news with major countries declaring it legal and starting to regulate it including the United States, Russia, China, United Kingdom, Europe and Japan. 65000 BTC per day. Meanwhile, retail bitcoin miners’ success hinges on the availability and Jan 13, 2022 · This is where a bitcoin mining rig differs from a regular PC in that you can't have all the graphics cards directly attached to the motherboard, so these risers allow you to connect them Apr 13, 2023 · What Is Bitcoin Mining and How Does It Work? Bitcoin is the most popular and well-established example of a mineable cryptocurrency; Bitcoin mining is based on the PoW consensus algorithm. The next piece of Bitcoin mining hardware I’ll be looking at is one for the beginners to Bitcoin mining. First, mining bitcoins is done via SHA256. You'll need mining software, hardware and a Bitcoin wallet before you join a mining pool. 027000 BTC/Hour. These vary in terms of hash rate ratings, power consumption, and price. Slush Pool was the first mining pool and maintains around 7% of the network hash rate. The ban on mining in China has caused a mass exodus, and so Dec 7, 2023 · Bitcoin mining is the process by which Bitcoin transactions are verified and recorded on the blockchain. Jan 16, 2024 · Antpool is a medium sized Chinese Bitcoin mining pool operated by Bitmain Technologies. May 17, 2024 · Key Takeaways: Bitcoins are a cryptocurrency created through a process called ‘mining’, where miners are required to solve a complex mathematical puzzle in order to add blocks to the blockchain; in return for Bitcoin mining, they are rewarded with new bitcoins. In this system, called Proof of Work (PoW), anyone with a computer and the May 6, 2024 · Bitcoin mining is still profitable in 2024. Sep 27, 2023 · Bitcoin mining is the backbone of the Bitcoin network. Sep 27, 2023 · Bitcoin miners have two main options for mining the cryptocurrency: solo mining and pool mining. This order is then forwarded to everyone who is connected to NiceHash Sep 13, 2022 · Bitcoin mining was a sort of a DIY job, distant from the mining industry it has grown into in more recent years, flourishing alongside the price of bitcoin and the incentive to mine. One advantage Antpool has is that you can choose between PPLNS (0% fee) and PPS+ (4% fee from the block reward and 2% from mining fees). Without Bitcoin miners, the network would be attacked and dysfunctional. This has inspired some bitcoin operations to expand. Antminer S19 Pro: Bitmain. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. One of the most significant differences between Bitcoin and most other cryptocurrencies is the absence of pre-mined bitcoins (coins issued before the project's Bitcoin mining is a complex computational and technological process of validating the bitcoin transactions over the Bitcoin network. Start Mining BTC. Bitcoin mining is a process that validates Bitcoin transactions and issues new bitcoin (BTC) into circulation. Find out what hardware and software you need, how to join a mining pool, and how to estimate your earnings. The former costs $76. A new study finds that Bitcoin mining paired with green hydrogen could help speed up a transition to clean energy — an Solo Bitcoin Mining ¶. It’s a challenging and costly process, but it wasn’t always like this. The Avalon6 Bitcoin miner is one of the easiest ASIC units to setup. Read further for a deeper understanding. 00000058/year. Antminer S19 Pro. Experience the digital gold rush with Crypto Cloud Mining – your ultimate route to seamless cryptocurrency Oct 11, 2023 · The bitcoin (BTC) mining industry is at a crucible moment, as the approval of a spot BTC exchange-traded-fund (ETF) could catalyze a rally against a backdrop of record hashrates and the impending It's done to focus on the mining process. Add to cart. Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number. You can input Definition. Vous pouvez également consulter les tableaux de bitcoins. eu: Is there a better place to look for stats than whattomine. Bitcoin is a digital currency with Jul 12, 2024 · Hashmart is the best bitcoin cloud mining platform that offers both open-ended and 12-month Bitcoin mining contracts. Jan 15, 2024 · Bitcoin mining is the process by which new Bitcoins enter circulation as a reward for miners using computational power to validate transactions. Aujourd’hui, vous pouvez acheter la plupart des matériels sur Amazon. That's $600 million per month. 32/TH/s in Feb 2021—its highest value since July 2019. All transactions are broadcast to the network and Jan 1, 2019 · Entry Bitcoin Miner Avalon Nano 3 Mini: A Stylish and Efficient Home Heating: mineshop. Solo mining is the act of mining alone and making an autonomous attempt to break blocks. This Bitcoin (BSV) blockchain maintains a public ledger that contains all past transactions. Power draw: 3. Hash rate power: 110 TH/s. Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. This figure still positions Bitcoin mining as the largest export industry in Ethiopia, representing a significant economic opportunity for the nation. Free Shipping. It is quick and risk-free, and you can mine up to 0. Depending on the speed, you can earn up to $21. The idea of mining and receiving BTC in return is an attractive sounding deal. Find out how hash functions, target hashes, nonces and mining pools work in the Bitcoin network. A mining machine costs $2,000-$20,000, making it difficult for anyone but professional miners to mine. 9 billion trees must be planted, taking up an area equivalent to the size of the Netherlands, Switzerland, or Denmark, or 7% of the Amazon rainforest. Normal computers cannot be used for mining. Bitcoin transactions are validated digitally on the Bitcoin network and added to the blockchain ledger. Once you earn something from the mining process, the mining software will move the rewards to the crypto wallet address you specify. Download and setup usually take less than a minute. Sep 9, 2021 · Before making your purchase to start your crypto mining business, calculate the projected profitability of your miner, using mining profitability calculators online like this one. 00 $ 14,499 . Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin’s ( BTC) public ledger, which is called a blockchain. Your journey to Bitcoin Mining has begun. The first step is to determine profitability and viability of your Bitcoin mining operation. This task is performed by miners who use sophisticated and powerful computing setups to tackle a demanding computational challenge known as the “Proof-of-Work” algorithm. Oct 24, 2023 · The top ten Bitcoin mining nations are together responsible for 92–94% of the global carbon, water, and land footprint of Bitcoin. 25 kW. The law criminalizes crypto mining with the goal of protecting the country’s electrical grid and energy security. 78. Bitcoin mining is done by specialized computers. Feb 1, 2024 · The CBECI also tracks the geographic distribution of Bitcoin mining, enabling the estimation of electricity use in different countries. Compatible Currency: Bitcoin (BTC) Mining Hardware: ASIC. 0. Bitcoin (BSV) mining is the sophisticated peer-to-peer process used by nodes to add transactions to the publicly available ledger and mint new Bitcoins. Bitcoin mining is the process by which Bitcoin transactions are validated digitally on the Bitcoin network and added to the blockchain ledger. May 17, 2021 · Bitcoin mining ensures that the blockchain is up-to-date with legitimate transactions. So far in 2023, we have seen an overall decline in Bitcoin mining profitability. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain. 065/TH/s in July 2020 to $0. The hardware. Price tag: ~$10,000 – $19,600. The computers then compete to solve a complex cryptographic puzzle to be the first to validate the new block for the blockchain. Apr 22, 2024 · Bitcoin mining is the crucial process through which transactions are verified and new blocks are added to the Bitcoin blockchain, thereby expanding the public ledger. In this sense, mining is core to the security model of Bitcoin. Achat de Bitcoins - Dans certains cas, vous devrez peut-être acheter du matériel de minage avec des bitcoins. New Avalon Miner A1446 136Th/s 3310W Crypto Bitcoin Mining Avalon A1446 BTC Asic Miner Better Than Avalon A1346 A1246 A1166 Antminer S19 S19 PRO. Buyers select the crypto-currency that they want to mine, a pool on which they want to mine, set the price that they are willing to pay for it, and place the order. Try CryptoTab Browser. Join minerstat and explore the most effective mining software options to boost your hashrate and earnings. However, the idea is always the same. When running, NiceHash Miner is connected to NiceHash platform and NiceHash open hashing power marketplace. Bitcoin mining is the magic behind the Bitcoin network. 5% of Bitcoin mining's global energy consumption now comes from renewable sources. The block reward dropped from 50 bitcoins per block to 25 per block. Earning rate: 0. People who choose to mine Bitcoin use proof of work, deploying computers in a race to solve Bitcoin mining is the processing of transactions in the digital currency system, in which the records of current Bitcoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain. You'll also need a crypto wallet to store the keys for the cryptocurrency you earn from the mining efforts. All Bitcoin users and miners know the approximate date of each halving, meaning the Bitcoin price may not be affected when the halving happens. Platforms: Windows, Mac, Linux Going strong for many years, CGminer is still one of the most popular GPU/FPGA/ASIC mining software available. Since then, the estimated yield per hash rate has multiplied fivefold, climbing from $0. Scandinavia has been the hub for Bitcoin mining in Europe, but governments and utility companies are starting to clamp down on the industry Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. To offset the CO2 emissions of Bitcoin mining in 2021–2022, 3. Worldwide payments. It is a crucial Jan 5, 2024 · 3. Affiliate bonus 50%. It involves vast, decentralized networks of computers around the world that verify Bitcoin Cloud Mining Review: Currently all Bitcoin Cloud Mining contracts are sold out. Bitcoin Mining is the primary method of earning Bitcoin, apart from buying it from a cryptocurrency exchange. Secure the Bitcoin blockchain against attacks. Bitcoin mining is the process by which new Bitcoin are put into circulation. Mar 24, 2021 · What the future holds for bitcoin mining. Dec 9, 2021 · Bitcoin mining serves this purpose, but it also helps mitigate certain issues that are unique to digital currency. May 4, 2021 · Here’s an in-depth look at the top 7 bitcoin mining machines, each highlighting unique traits and efficiencies vital in the dynamic world of cryptocurrency mining. 1. The first 'factor' is your password for your wallet. Miners provide the computational investment to keep the Bitcoin ledger and secure the network. Mining farms can have many mining computers held in warehouses. 27:16. 38 per month (for 500 Gh/s), while the latter costs $49. Jun 26, 2024 · Learn about the process, rewards, and challenges of mining bitcoin, the cryptocurrency that runs on a blockchain network. 125 Bitcoin block reward. It is extremely efficient and uses minimal CPU and RAM, and has heavily threaded code design to maximize multi-threaded CPU architectures. Watch on. The seemingly intangible realm of cryptocurrencies has become a force to be reckoned with in the financial world, with Bitcoin standing tall as the pioneer. Mining refers to the process of powerful hardware solving a complex computational math problem that verifies blocks of transactions and updates them to the May 14, 2024 · The most recent ban on Bitcoin mining was passed by the Angolan parliament in April 2024. 0318 Bitcoin daily. The mining hardware iterates through every possible value for the block header nonce and Sep 6, 2023 · Un singolo miner può impiegare molto tempo per estrarre un Bitcoin, afferma William Szamosszegi, CEO della piattaforma di mining di Bitcoin Sazmining, che collega singoli minatori al dettaglio Feb 11, 2021 · Bitcoin Mining in 2021. Buyers select the algorithm and the speed while users or miners running the NiceHash Miner software fulfil that order by mining (hashing) - providing computing power to the network and get paid in Bitcoins. 3 hours ago · Bitcoin mining is the way transactions using the cryptocurrency are validated and how new bitcoins are added into circulation. A mining rig is a computer specifically designed for mining cryptocurrencies. An icon in the shape of a person's head and shoulders. Bitcoin’s first block halving happened on November 28, 2012. Mining is the backbone of all proof-of-work blockchains and can be described with three 3 days ago · On average, it takes around 10 minutes to mine 1 Bitcoin with ideal hardware. In return for contributing their processing Nov 2, 2023 · The Role of Bitcoin Mining. Mar 6, 2024 · A more realistic estimate of Ethiopia's export income from Bitcoin mining would likely fall somewhere between $640 million and $3. The graph above shows the market share of the most popular bitcoin mining pools. Here’s how it works: computers on the network — nodes known as “miners” — race to solve a computationally-intensive, proof of work (PoW) puzzle. Compare different cloud mining services and find the best deals for bitcoin mining. The first miner to guess the number gets to update the ledger of Apr 25, 2020 · Bitcoin ASICs cannot mine these coins efficiently. This has mainly been driven by a massive increase in the network hash rate, increases in electricity costs due to inflation, and the decrease in Bitcoin price unit revenue from its all-time high. 3. Bitcoin is unique, however, since the block reward schedule is public. 2FA is conceptually similar to a security token device that banks in some countries require for online banking. Miners provide security and confirm Bitcoin transactions. 5 days ago · The process of bitcoin mining involves the verification of new transactions against the Bitcoin network, which results in the production of new bitcoins. Dec 16, 2022 · Bitcoin mining secures the blockchain. Miners play a crucial role by using specialized hardware to solve complex mathematical problems, securing the network and validating transactions. Crypto Algorithm: SHA 256. com? lucolo: 5 116 May 22, 2024, 11:06:57 PM by philipma1957: Lowest Bitcoin mining cost « 1 2 All » FP91G: 29 687 Jun 22, 2024 · Easy mining: Stormgain helps you earn free Bitcoin every day without requiring any mining equipment. Security and 51% Attacks. Mine Bitcoin absolutely free without any prior investment. Best Bitcoin mining software CGminer. 00–. Like in the hard-rock mining process of excavating precious minerals such as diamonds and gold, Bitcoin mining also requires miners and heavy-duty mining equipment. To accomplish this, Bitcoin mining uses a Proof of Work (PoW) consensus mechanism–the oldest and one of the most secure consensus algorithms. Synchronize your browser data across multiple devices. On April 28, software engineer and administrator from the solo mining May 13, 2024 · Bitcoin mining is usually a large-scale commercial affair done by companies using data centers with purpose-built servers. Aug 6, 2023 · Bitcoin mining explained. NiceHash is an open marketplace that connects sellers or miners of hashing power with buyers of hashing power. But if you want to mine BTC with an average PC, you will make 0. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. It often Jul 1, 2024 · Bitcoin mining is the proof of work consensus mechanism that creates new bitcoins. Bitcoin offers the Unmined is a Bitcoin mining pool created in 2018 by our Blockchain programmers and IT developers. Learn how bitcoin mining works, what hardware and software you need, and how to join a mining pool. The 2-in-1 solution, browse and mine at the same time with ease. Jun 26, 2024 · The Bitcoin Mining Council's 2022 report further supports this positive trend, revealing that 59. The Bitcoin blockchain is an open-source, decentralized ledger; essentially, a record book of all the transactions that have occurred on the blockchain. Join trusted, secured & highest paying bitcoin mining pool. CBS News. 96 in 30 days. Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. The first miner to Examples of the best Bitcoin mining software for Windows, Linux and Mac OSX: MinePeon: Open source and may need WinDisk32Imager . The CBECI estimates that the global share of Bitcoin mining occurring in the United States rose from 3. The mining software constructs a block using the template (described below) and creates a block header. xp yq hf xx iq yi bt cm uc tb