1 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

2 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

3 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

4 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x000000b9bf81b87a6b14ca84e157a4d3f2e

5 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x000000b9bf81b87a6b14ca84e157a4d3f2e

6 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x0000006807f96a32f

3448df59eb02f48d77

​

​

7 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x0000006807f96a32f

3448df59eb02f48d77

​

​

8 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

9 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

10 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

11 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

12 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

13 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

Prev. Block Header Hash:

0x000000b9bf81b87a6b14ca84e157a4d3f2e

14 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

Prev. Block Header Hash:

0x000000b9bf81b87a6b14ca84e157a4d3f2e

15 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

Prev. Block Header Hash:

0x000000bff70707b1a2eedc433515fec1bd7

16 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

Prev. Block Header Hash:

0x000000bff70707b1a2eedc433515fec1bd7

17 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

18 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

19 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

20 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

21 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

22 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x000000b9bf81b87a6b14ca84e157a4d3f2e

23 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x000000b9bf81b87a6b14ca84e157a4d3f2e

24 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x0000006807f96a32f

3448df59eb02f48d77

25 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x0000006807f96a32

Prev. Block Header Hash:

0x0000006807f96a32f

3448df59eb02f48d77

26 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

27 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

28 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000bff70707b1

29 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

30 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

31 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

32 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

33 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

34 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

35 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

36 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

37 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

38 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

39 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

40 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

41 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

42 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

43 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

Prev. Block Header Hash:

0x000000bff70707b1a2eedc433515fec1bd7

​

Prev. Block Header Hash:

0x0000006807f96a32f

3448df59eb02f48d77

​

Prev. Block Header Hash:

0x0000006807f96a32f

3448df59eb02f48d77

​

44 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

45 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

46 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

47 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

48 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

49 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

50 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

51 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

52 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

53 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

54 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

55 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

56 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

57 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

58 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

59 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

60 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

61 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

62 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

63 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

64 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

65 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

66 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

67 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

68 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

69 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

70 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

0x000000aae1bdbb2

71 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

72 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

73 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

74 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

75 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

76 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

77 of 110

Mining Simulation

0x2a2

0xbc1

0x6e2

0x171

78 of 110

Incentives

79 of 110

Incentives

80 of 110

Incentives

81 of 110

Incentives

82 of 110

Incentives

83 of 110

Incentives

84 of 110

Incentives

85 of 110

Incentives

86 of 110

Incentives

87 of 110

Incentives

88 of 110

Incentives

89 of 110

Incentives

90 of 110

Incentives

91 of 110

Incentives

92 of 110

Incentives

93 of 110

Incentives

94 of 110

Incentives

0x2a2

0xbc1

0x6e2

0x171

95 of 110

Incentives

0x171

Transaction Pool

96 of 110

Incentives

0x171

Transaction Pool

97 of 110

Incentives

0x171

Transaction Pool

$100

98 of 110

Incentives

0x171

Transaction Pool

$100

99 of 110

Incentives

0x171

Transaction Pool

$100

Block Reward

100 of 110

Incentives

0x171

Transaction Pool

$100

101 of 110

102 of 110

Incentives

0x171

Transaction Pool

$100

Why include any transactions other than the block reward?

103 of 110

Incentives

0x171

Transaction Pool

$100

104 of 110

Incentives

0x171

Transaction Pool

$100

105 of 110

Incentives

0x171

Transaction Pool

$100

$100

0

106 of 110

Incentives

0x171

Transaction Pool

$100

$99

0

107 of 110

Incentives

0x171

Transaction Pool

$100

$99

0

$1

108 of 110

Incentives

0x171

Transaction Pool

$100

$99

0

$1

Transaction Fee

109 of 110

Conclusion

110 of 110

Conclusion