What math problems are they trying to solve when mining for crypto?

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What kind of math problems are they solving? Is it used for anything? Why are they doing it?

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Anonymous 0 Comments

For the majority of Proof of work coins, it’s effectively just brute forcing the cryptographic hash of a collection of data so that the result is a very low value.

That’s it, just an arbitrary task designed to be difficult on purpose do that one single entity can’t control the network.

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