Let’s talk about hash functions.
For common Bitcoin P2PKH and P2WPKH addresses, the public key is first hashed with SHA-256 and then with RIPEMD-160 to produce a 160-bit public key hash.
To be honest, I hadn’t paid attention to this before either: after downloading wallet software, you can check the official SHA-256 checksum to make sure the installation package hasn’t been tampered with.
$BTC mining is essentially repeated SHA-256 hashing to find a result that meets the difficulty requirement. The current price is 82463.02.
Every potential return comes with a corresponding risk, so first make sure you understand how much you could lose in the worst case.
For common Bitcoin P2PKH and P2WPKH addresses, the public key is first hashed with SHA-256 and then with RIPEMD-160 to produce a 160-bit public key hash.
To be honest, I hadn’t paid attention to this before either: after downloading wallet software, you can check the official SHA-256 checksum to make sure the installation package hasn’t been tampered with.
$BTC mining is essentially repeated SHA-256 hashing to find a result that meets the difficulty requirement. The current price is 82463.02.
Every potential return comes with a corresponding risk, so first make sure you understand how much you could lose in the worst case.