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BTG bitcoin mining

Publish: 2021-05-01 02:21:04
1.

Now buy 120g mining machine, bitcoin at the current price, can do back to the original, it's very good. Bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals

expansion:

1. In 2013, the U.S. government recognized the legal status of bitcoin, which led to a sharp rise in the price of bitcoin. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

2. On January 11, 2017, the Shanghai headquarters of the people's Bank of China and the Shanghai financial office carried out on-site inspection of bitcoin China, focusing on whether the enterprise carried out credit, payment, exchange and other related businesses without permission or license; Implementation of anti money laundering system; Fund security risks, etc. On January 12, 2017, the business management department of the people's Bank of China also entered the trading platforms such as "fire coin net" and "currency bank" in Beijing

2.

Only those whose electricity charges are controlled within 0.3 yuan can mine. At present, the daily income of a bitcoin S9 is about 55 yuan (calculated at 7000 yuan), so 30 is 30 × 55 = about 1650 yuan (210000 yuan)

bitcoin is a kind of universal encrypted electronic currency in the world, and it is completely autonomous by users. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

the concept of bitcoin was first proposed by Nakamoto in 2009. Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual goods, and they can also use bitcoin to buy real-life goods. On December 11, 2017, bitcoin futures began trading on the Chicago Board of Options Exchange (CBOE). On January 24, 2018, the Bank of Indonesia announced the ban on bitcoin payment

3.

The most advanced bitcoin mining machine, one to two years to dig out a bitcoin, bitcoin mining is now too difficult. If you want to dig, you can dig ether currency. Now it is steadily appreciating every day. According to the current development trend, it will be able to recover its capital in about seven months, and then it will be profitable< br />

4.

You can't dig in a day. It takes 2000 years

the global unified computing difficulty of bitcoin is 2621404453 (expected to change in two days). It takes more than 2000 years for a 2.5GHz CPU to work out a bitcoin

in order to make the graphics card fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. Many professional mines at home and abroad are operated in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even in a certain residential area in Yunnan, there was a case of crazy mining, which led to a large area trip of the residential area, and the transformer was burned


extended data:

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system

bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer

when bitcoin was born in 2009, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25

when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million

5. First of all, you need to understand the time point of bitcoin Mining:
a total of 2100W bitcoins are issued, and each block is generated for 10 minutes, and a block rewards a certain number of bitcoins. In the beginning, 50 bitcoins were awarded for each block of mining. In the future, the reward was halved for every 21000 blocks (about once every four years). Now, 12.5 bitcoins are awarded for each block generated. The generation time of each block is 10 minutes, but with the development of computer technology, now the mining calculation power is increasing, so the generation time of a block must be less than 10 minutes, which requires certain control measures to ensure this time. This measure is the difficulty of mining. If the output time of each block is less than 10 minutes, the difficulty of mining will be increased. If the output time is more than 10 minutes, the difficulty of mining will be reced. The difficulty adjustment time is 2016 blocks, that is, 2 weeks
after every 2016 blocks, all nodes will automatically adjust the mining difficulty according to a certain formula. This formula is obtained by comparing the latest time spent in 2016 blocks in this cycle with the expected time (20160 minutes, i.e. two weeks)
new difficulty = old difficulty * (time spent in the past 2016 blocks / 20160 minutes)
6.

Bitcoin is an electronic currency proced by open source P2P software. Digital currency is a kind of network virtual currency. Bitcoin is also paraphrased as "bitcoin.". Short for: BTC

bitcoin does not rely on a specific monetary institution. It is generated through a large number of calculations of a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
bitcoin is a relatively mainstream digital currency, which can be properly invested. There are risks in the transaction. You can invest cautiously. You can search the fire coin, coin security, OK, dobby trading platforms on the Internet, which can trade bitcoin. These are relatively large trading platforms. Invest in mainstream digital currency, do not invest in counterfeit currency or air currency< br />

7. Bitcoin gold (BTG) is a branch of bitcoin, which can prevent ASIC from mining. Bitgold splits the bitcoin blockchain as planned after block 491406 (2017-10-24 01:17:35 UTC).
8. In the past, we used to dig with computers, but later we used to dig with video cards. Now we have to dig with mining machines...
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