The role of bitcoin mine

1.

bitcoin mining machine is a kind of computer used to earn bitcoin. This kind of computer generally has professional mining chips and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server

mining is actually a competition of performance and equipment, and a competition of computing power among miners. Miners with more computing power are more likely to dig bitcoin. With the increase of computing power in the whole network, it is more and more difficult to dig bits with traditional devices (CPU, GPU). People have developed chips specially used for mining. Chip is the core part of mining machine. The process of chip operation will proce a lot of heat, in order to cool down, bitcoin miner is generally equipped with heat sink and fan

< H2 > extended materials:

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

bitcoin mining started with low-cost hardware such as CPU or GPU, but with the popularity of bitcoin, the mining process has changed greatly. Nowadays, the mining activities are transferred to the field programmable gate array, and the hash speed can be achieved through optimization. The mining efficiency of this mode is very high

2.

Mining is perhaps one of the most important components of the bitcoin ecosystem. Miners need to solve complex mathematical problems, so as to ensure the smooth implementation of the transaction. These problems are so complex that they are difficult to solve even for extremely powerful computers. Computers need work and luck to solve these mathematical problems, just as miners dig underground. The chance of solving this problem correctly is about one in 13 trillion

bitcoin mining has two purposes. Firstly, by solving mathematical problems, bitcoin miners can verify the transaction information, so as to ensure the security and reliability of bitcoin payment network. Miners are the people who ensure that transactions are accurate and that there is no "double payment."

Secondly, when the computer solves these complex mathematical problems on the bitcoin network, the system will generate new bitcoin, which is similar to the process of mining gold from the ground. The reward is called "block reward", and after the event called "halving", its amount will be periodically halved. The newly discovered concept of bitcoin is an important part of bitcoin protocol. The bitcoin obtained by the miners is brand new and has never been in circulation before

since miners will eventually sell the bitcoin, it is also an important source of supply and liquidity. As chainalysis reports, many digital currency exchanges rely on miners to receive bitcoin and increase their liquidity. Typically, exchanges get about 88% of bitcoin from other exchanges, and bitcoin miners are the largest source of the remaining percentage. As you can imagine, there is fierce competition between exchanges to receive bitcoin directly from miners

further enlarge the map, most of the mining activities are only carried out in four provinces, the first two provinces are Xinjiang and Sichuan, accounting for nearly half of all bitcoin mining in China. Electricity prices are cheap and the weather is cold in these areas. This helps to keep mining profits and equipment cool ring the 24 / 7 operation and maintenance period of bitcoin mining

but this is nothing new for digital currency issuance. For many years, China has been a major market for bitcoin miners e to its cheap electricity and abundant resources. Bitmain, f2pool and Canaan are all located in China

whether this is a negative or positive message depends on your point of view. But for decentralized, distributed, unlicensed networks, geographic regions across multiple entities are more healthy for the entire ecosystem

3. The main reason is that the distribution mode of bitcoin is different: according to the operation mode, the common bitcoin pools are as follows: PPLNs, PPS, DGM, P2P ool, etc.

PPLNs: (the purest Group Mining) full name is pay per last n shares, which means "pay income according to the past n shares", which means that once all miners find a block, You will allocate the currency in the block according to the proportion of each person's own shares Share means share)

in PPLNs mode, luck is very important. If the mine pool can find many blocks in a day, then everyone's dividend will be very large. If the mine pool can't find any blocks in a day, then everyone will have no income

PPS: pay per share mode --- this mode is to pay for each share immediately. The expenditure comes from the existing bitcoin funds in the mine pool, so it can be withdrawn immediately without waiting for the block generation or confirmation. In this way, the operation behind the scenes of the pool operators can be avoided. This method reces the risk of miners, but transfers the risk to the pool operator. Operators can charge fees to make up for the possible losses caused by these risks

in order to solve the problem that PPLNs sometimes has a high profit and sometimes has no profit, PPS adopts a new algorithm. PPS estimates the daily available mineral resources of the mine pool according to the proportion of your computing power in the mine pool, and gives you basically fixed income every day

do you feel that this is a stable job? In fact, in order to avoid the risk of loss, the PPS model often charges a high handling charge of 7% - 8%< DGM: Double geometric method. It combines PPLNs and geometric reward type, so that the pool operator can avoid part of the risk. The pool operator will collect part of the excavated currency in a short time, and then return it to the miners with normalized value, such as charge and discharge of electric capacity. If you are lucky, you will get less money for each block and more money for poor luck

175btc: the mining node of 175btc works on a shares chain similar to bitcoin blockchain. Because there is no center, it will not be attacked by DOS. Unlike other existing mine pool technologies, each node's working block includes bitcoin paid to the owner of shares in the early stage and the node's own bitcoin. 99% of the reward (50btc + transaction cost) will be distributed equally to miners, and the other 0.5% will be awarded to those who generate blocks

bitcoin home has a detailed introction.

4. It's one of the baskets with BTC;

5. The collective data bitcoin of mining machine can be made by computer. This is called mining machine. For example, if there are 1000 mining machines, they will eat 1000

6. Bitcoin can be sold on the platform, But now the price is very unstable
some time ago, the Chinese government issued relevant regulations
forbidding the Internet and other websites to use bitcoin trading
which led to a sharp drop in the price of bitcoin
the latest transaction price of bitcoin in China is 2908
this year, the transaction price hit 8000 on November 19
and fell to 4000 on November 21
this thing can't be played without deep wealth and big heart

7. The network account does not support revoking the real name information temporarily, only supports modifying and changing the real name information. If your network account uses the information of friends and family members for authentication, you can revoke your real name and re authenticate your personal information
log in to passport.. com - Help Center - identity authentication - revoking your real name through the PC, and revoking your real name information according to the prompts on the page
if your account is called by a stranger, you can directly log in to app - [settings], [account management], [identity verification] to appeal, or go to "[more], [login PROBLEMS], [if the above cannot be solved, please click here]" on the login page to appeal. After the appeal is passed, modify the real name information in the successful appeal link.

8.

Bitcoin mining machine is one of the ways to obtain bitcoin . Bitcoin is a kind of network virtual currency proced by open source P2P software

it doesn't rely on the issuance of specific monetary institutions, and it is generated through a large number of calculations of specific algorithms. 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

any computer can become a mining machine, but the benefit will be relatively low, and it may not be able to dig a bitcoin in ten years. Many companies have developed professional bitcoin mining machines, which are equipped with special mining chips, and their computing speed is tens or hundreds of times higher than that of ordinary computers

extended data:

in terms of revenue, the issue and transaction of bitcoin are realized through mining, which is cast at a certain but slowing rate. Each new block is accompanied by a certain number of new bitcoin from scratch, which is used as a coinbase transaction to reward the miners who find the block

the reward for each block is not fixed. For every 210000 blocks mined, it takes about four years, and the currency issuance rate is reced by 50%. In the first four years of bitcoin's operation, each block created 50 new bitcoins. Each block creates 12.5 new bitcoins. In addition to the block award, the miner will receive a handling fee for all transactions within the block