What hashing algorithm does Bitcoin use to hash blocks

nrj300
11:38
1293
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Related Coin:
BitCoin

I am going to start mining of Bitcoin. The opportunity to receive money from the air literally attracts me very much. But I heard from my acquaintances that it is very difficult to mine Bitcoin in modern conditions. The blockchain became very complicated. There are some other big well-developed cryptocurrencies with a simpler hash process. What hashing algorithm does Bitcoin use to hash blocks? Is it worth to mine Bitcoin? What is your opinion about it?

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nicktirdea
18:06
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nicktirdea
Bitcoin has SHA-256 (Secure Hash Algorithm) and at the moment it is difficult to mine this coin. You will need to acquire special equipment with large amount of computing power and mining will be profitable if you have access to low-cost electricity. As alternative coins for mining, you can consider Ethereum or Monero. Ethereum’s hashing algorithm is Keccak and Monero’s one is also SHA-256. These coins are easier to mine, but they will require different equipment which will work with their hashing algorithms.
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Retinus
10:25
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Retinus
What can you say about litecoin? This is the second cryptocurrency that appeared on the market and the first fork of Bitcoin. Does it really difficult to mine this coin too? I have heard that somewhere in far provinces of China there are many cryptocurrency mining farms that has a deal with Litecoin and Bitcoin.
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