A closer look into the block with the lowest hash value ever to be produced on the Bitcoin network.
There are plenty of exciting things that happen within the Bitcoin network. All the programmed, pre-defined algorithms make it much like a living organism that adjusts and evolves based on current conditions.
In this article, we take a look at something that’s not heavily discussed all so commonly – the lowest block hash values in BTC’s history.To begin, we would first need to clarify what is the hash value. Bitcoin functions based on a consensus algorithm that’s based on the proof-of-work model.a simple definition where the PoW consensus requires miners to attempt finding a block hash for each Bitcoin block with a low enough value to be considered valid.automatically once roughly every two weeks.
This is in part because of the price appreciation and in part because mining machines become more and more efficient. The below table shows the 10 blocks with the lowest hash value in history:Somewhat expectedly, these blocks were all mined in the span of the last few years. The block with the lowest ever hash value was produced on June 15th, 2020, and it was mined by the Binance Pool at block height 634,842.
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