Bitcoin Sichuan Creek
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 beforesince 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
Although many countries do not recognize the value and status of bitcoin, bitcoin is still popular in recent years, and its existence is controversial. Some people say that it has no practical significance, just a number. If it is not officially recognized by the world, mining is a constant waste of energy. Some people say & lt; No one can be sure whether bitcoin is a black horse or not
in fact, bitcoin is calculated and proced through computer networking, also known as mining. At the beginning, there was a personal computer to dig, but the efficiency was relatively low, and the cost of graphics card was low. Then there was a special bitcoin mining machine, ranging from several hundred to two or three hundred thousand yuan
when we talk about bitcoin, we naturally need blockchain because of the blockchain, bitcoin can become bitcoin. It is a secure general ledger for all payments and transactions. It can be said that everyone can contribute to the update. We need to solve a very complex mathematical problem by brute force& mdash; Hash algorithm to complete a block
many people want to know the value of a bitcoin. In fact, the price of bitcoin is changing all the time. We need to check the figures of that day. At present, the price of a bitcoin is less than 30000
To be honest with the Chinese, bitcoin's fall will not have a great impact on the whole. China has issued a request to the bitcoin exchange that all consumers clear their hands of bitcoin. On the whole, the impact is not great. The reason why bitcoin falls so hot is mostly because the sharp rise in the front is in sharp contrast to the current slump. What's more, at that time, everyone invested in this thing, and the topic was full{ RRRRR}
anyway, as melon eaters, we should eat melons. It's better not to touch it. It's better for those friends who lost money to stop loss in time. Don't be investment risk, two lines of tears of relatives
The price of bitcoin has experienced a decline and then peaked again. Now the price of a bitcoin has exceeded $60000, which is a miracle. I'm not a miner myself, and I don't really know much about bitcoin. It's just that some of my colleagues are often in touch with finance, so I've heard something about bitcoin. In my opinion, as a kind of digital currency, bitcoin's value is not very high. After all, every country is developing its own official digital currency. Now let's talk about the mining world behind bitcoin{ RRRRR}
Third, how to look at the future direction of bitcoin
in fact, when listening to the news about bitcoin, I also found such a strange place, that is, when the price of bitcoin rises sharply, I can hear overwhelming news about bitcoin, but if the price of bitcoin falls, there will be very little news about bitcoin. So it can be seen from here that there are special people who constantly operate on the special currency. And their purpose is very simple, that is to let a large number of funds flow into the bitcoin market, to take orders for these people, because they have got a very high price for bitcoin. At such a price, they need to let others exchange their bitcoin with cash. So in my opinion, bitcoin investment is very risky
Bitcoin has not been officially recognized by the state, has not been incorporated into the legal system, and lacks corresponding supervision. Its high anonymity determines the high risk of the market. To this end, Zhao Xijun reminded that bitcoin trading has a high risk, "bitcoin trading is open all day, with few chips, and the price is easily controlled by the makers. Investors should not blindly follow the trend of speculation, and once they suffer losses, there is no way to complain."
bitcoin, as the original scheme of technology, plays a similar role as gold standard currency in the whole system. A large number of applications may not necessarily use it as the transaction medium, but the value of bitcoin will directly affect the value of the whole application field of blockchain technology