🔍
MVC DAO Operational Manual
  • About us
    • 🎯New Public Blockchain Again?
    • ⚡BVM (Bitcoin Virtual machine)
      • Enabling smart contract for Bitcoin
      • MVC: Polygon for Bitcoin
      • Ordinals in MVC & BTC
      • BVM advantages
      • Bridge (ETH & BTC & MVC)
      • Ordinals and MVCSWAP
    • 🚀About MVC
      • Educational Article
      • MVC Features
      • MVC History
      • Why MVC chose POW
      • Why MVC chose UTXO Model
      • Why MVC in short
      • Roadmap
    • 💟MVC Solution
      • MetaTxID
      • MetaID
      • MetaContract
      • How MVC Runs Turing-Complete Smart Contracts
      • How MVC Achieves Low Fees
      • How MVC Scales
    • 🔑Technical Documentation
      • White Paper
      • MetaTxID Technical Explanation
      • MetaID Technical Explanation
      • MetaContract Technical Explanation
    • 💎Tokenomics
      • 💻POW Mining
      • 🐱How Space is distributed
      • 🥝Vesting Period
      • 🍞Stakeholder Economic
      • 🤝POB Mechanism
      • 🏀Initial Contributor No Sale Agreement
    • ✍️MVC Learn
  • MVCDAO
    • ✍️The Constitution of the MVCDAO
    • 👉Guideline (How)
      • 👉How to Join Builder Program
      • 👉Submitting an MIP: How and What's Needed?
        • Proposal Template
        • Proposal Checklist
        • Re-submit a proposal
        • Evaluation of Feasibility
      • 👉How to re-enter community
      • 👉How to register as content creator
      • 👉How to submit general inquiry
      • 👉How to find MVC Annoucement
      • 👉How to know MVC governance concept
      • 👉How to find the right representative for enquiry
      • 👉How to vote
      • 👉How to refill network gas
      • 👉How to set up a node
      • 👉How to avoid being considered as FUDer
      • 👉How to Integrate with MVC network
      • 👉How to contact with other ecosystem
      • 👉How to be Committee member or department Head
      • 👉How to check MVC DAO's Monthly Expenditure?
      • 👉How Can We Prove That MVC Is Real?
      • 👉Mining $SPACE: How?
    • ❔Guideline (Why)
      • ❔Why there is no team
      • ❔Why Space is not investment vehicle
      • ❔Why Ecosystem is not related to MVC
      • ❔Why doesn't MVC offer rewards for contributions to the ecosystem?
      • ❔Why Ticket name is space
      • ❔Why there is 70K release to early contributor
      • ❔Why not yet listed at Binance or other CEX
      • ❔Why don't we haven't listed at Binance or other good CEX
      • ❔Why Does Telegram's Rose Delete My Content?
    • ❕Guideline (What and Where)
      • ❕What is transfer time from CEX to Wallet?
      • ❕What is MVC's Roadmap: Does It Exist?
      • ❕What is on MVC's Telegram Blocklist
      • ❕What is the entity behind MicroVisionChain, and where is it registered?
      • ❕Where do we find previous MIP proposal
      • ❕Where is the team located ?
      • ❕Where is MVC annoucement?
      • ❕Where is MVC news?
      • ❕What sets MVC apart in the BTC scaling solution landscape
    • 💖Governance Concept
      • Overview
    • 💯Comprehension check
    • 📖MVCDAO glossary
    • 🐱MVCDAO Position
      • Moderator
      • Space holder
      • Committee
      • COO
      • Executive Secretary
  • Ecosystem Log
    • Ecosystem Log
      • 🪟MVCSCAN
      • 👜Visionmoney
      • ⚙️Node update notice:
        • v0.1.3 update notice:
        • v0.1.4 update notice
        • v0.2.0 update notice
      • 💰Metalet
  • Proposal & Recap
    • 📅Regular Recap
      • Recap 0
      • Recap 1
      • Recap 2
      • Recap 3
      • Recap 4
      • Recap 5
      • Recap 6
      • Table of Content
      • Schedule [19 Dec 2023]
      • Technical Member Voting and Comment
      • Committee voting and comment
    • 📑MVC Proposal Record
      • Table of Content
      • MIP#1
      • MIP#2
      • MIP#4
      • MIP#5
      • MIP#6
      • MIP#7
      • MIP#8
      • MIP#9
      • MIP#10
      • MIP#11
      • MIP#12
      • MIP#13
      • MIP#15
      • MIP#16
      • MIP#17
      • MIP#18
      • MIP#19
      • MIP#20
      • MIP#21
      • MIP#22
      • MIP#23
      • MIP#24
      • MIP#25
      • MIP#26
      • MIP#27
      • MIP#28
      • MIP#29
      • MIP#30
      • MIP#31
      • MIP#32
      • MIP#33
      • MIP#34
      • MIP#35
      • MIP#36
      • MIP#37
      • MIP#38
      • MIP#39
      • MIP#40
      • MIP#41
      • MIP#42
      • MIP#43
      • MIP#44
      • MIP#45
      • MIP#46
      • MIP#47
      • MIP#48
      • MIP#49
      • MIP#50
      • MIP#51
      • MIP#52
      • MIP#53
      • MIP#54
      • MIP#55
      • MIP#56
      • MIP#57
      • MIP#58
      • MIP#59
      • MIP#60
  • Policies
    • 👮Rules & Policies
      • 😃Code of Conduct
      • 🧘‍♂️Positive and respectful environment
  • ❓Frequently Asked Question
    • What make MVC unique?
    • Is MVC real? Proof?
    • Why MVC is governed by DAO
    • Cost for Running a Node
    • MVC TPS?
    • Bitcoin Block Reward Issue Fixed
    • How MVC can be ''Decentralized'' with only ASIC mining ?
    • Advantage of MVC Scaling Solution
    • Staking un-lock period & Rewards?
    • How many developer are working on MVC?
    • Verification process for project onboard MVC?
    • In what smart contract language is MVC programmed
    • Full vs Simple Payment Verification
    • How to add a memo to a transaction
    • Why use SPACE as the ticker of MVC?
    • Who are the founders and developers behind MicroVisionChain?
    • What is the entity behind MicroVisionChain, and where is it registered?
  • 📰Conference & Event
    • Hong Kong Layer 2 Conference
    • Hong Kong Web3 Festival 2024
  • 😃Reference Kit
    • ☎️Contact Us
    • 📷API
    • 💰Wallet for 'Space'
    • 🌲Ecosystem
    • 📠Set-up a Node
    • ⛏️Mining instructions
    • 🔍Explorer or MVCSCAN
    • ⚒️Development Kit / SDK
    • ⛽Faucet
    • 💹Exchange
    • 👨‍💻Integration Instructions
    • 🔊Press Kit
  • 😉Future Discussion
    • Milestone Assessment
    • History
    • Copy of History
    • Technical Judge Group
    • Builder Program Grant & Reward Program Rules
    • MVC Builder Grants & Reward Program
    • 🍊Public Reporting Requirements for Grantees
  • knowledge base
    • Introduction
      • Why Choose MVC
      • Performance with Minimum Fee
      • BVM and Utxo Smart Contract
      • Turing Completeness
      • MetaTxid and Pure Layer 1
      • MetaId Web3 Identity
    • Getting Started
      • Environment Setup
        • Set up a Project
        • Claim Faucet
      • Build Transactions
        • Ordinary Transaction with SDK
        • FT Transaction with SDK
        • NFT Transaction with SDK
      • Review and Confirm TXs
        • MVCScan
        • MVCApi
      • Node Setup by Docker
    • Installation
      • Node Compilation and Building
      • Run for the First Time
      • Build Docker Image
      • Network Selection
      • Hardware Requirements
      • Start Up Command
    • Usage
      • MVC CLI
        • Blockchain
        • Control
        • Generating
        • Mining
        • Networking
        • Raw Transactions
        • Safe Mode
        • Util
        • Wallet
      • ZMQ Instructions
      • Prune Mode
      • Full Node Snapshots
    • Mining Concepts
      • Hash Algorithm
      • Difficulty Target and Network Hashrate
      • Difficulty Adjusting Algorithm
      • Supply Halving
      • Coinbase Transactions
      • Mining Reward Maturity
      • Acceptable Fee Rate Config
      • Reorg, Orphan, and 51% Attack
      • ASIC
      • Stratum Mining Protocol
      • ASICBoost
      • Get Mining Candidate (GMC)
      • Small-World Model
    • Mining Configurations
      • Connect to Mining Pool
      • Set Up Your Own Node
    • MVC Improvements
      • BVM & OPCODE Unlocking
      • Utxo Smart Contracts
      • Back To Genesis Issue(B2G)
      • MetaTxid
      • MetaId Web3 Identity
      • MetaContract
      • Safe Zero Confirmation
    • Basic Bitcoin Concepts
      • Cryptography
        • Private Key
        • Public Key
        • Public Key Hash
        • Address
        • WIF(Wallet Import Format)
        • Signature
        • Checksum
        • Base58 Encoding
        • HD Wallet and Seed
      • Blockchain
        • Block Height
        • Longest Chain
        • Reorg
        • 51% Attack
      • Block
        • Version
        • Previous Block
        • Merkle Root
        • Time
        • Bits
        • Block Hash
        • Nonce
        • blk.dat
      • Transaction
        • Version
        • Input (Transaction Input)
        • Output (Transaction Output)
        • Lock Time
        • Fee
        • Transaction Size
        • Confirmations
        • Prioritised Transaction(RBF CPFP)
    • Contract
      • Environment Set Up
      • Write your first contract
    • Bitcoin Scripts
      • Dual Stack Model
      • Opcodes
      • P2PK
      • P2PKH
      • P2MS
      • P2SH
      • Turing Completeness
    • Scrypt Language
      • Introduction to sCrypt Language
      • Basic Syntax
      • Loops
      • Functions
      • Standard Contracts
      • Compile Time Constants
      • Stateful Contracts
    • MVC Standard Contracts
      • DAO Contract
      • FT Token Contract
      • NFT Token Contract
      • Unique Contract
    • Open Source Wallets
      • Metalet
      • VisionBox
    • Blockchain Explorer
      • MVCScan
    • Public API
      • MVCApi
      • Open Source Indexer
    • SDKs
      • Golang SDKs
      • Java SDKs
      • Python SDKs
      • Rust SDKs
      • TypeScript SDKs
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  1. knowledge base

Mining Concepts

Instructions on basic mining concepts and underling principles.

PreviousFull Node SnapshotsNextHash Algorithm

Last updated 8 months ago

Hash Algorithm
Difficulty Target and Network Hashrate
Difficulty Adjusting Algorithm
Supply Halving
Coinbase Transactions
Mining Reward Maturity
Acceptable Fee Rate Config
Reorg, Orphan, and 51% Attack
ASIC
Stratum Mining Protocol
ASICBoost
Get Mining Candidate (GMC)
Small-World Model