How many more bitcoin
There are only 21 million bitcoins
"graphics card mining" is a joke. In fact, it is running a specific algorithm to generate bitcoin through a large number of calculations
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extended materials:
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. 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 items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 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
extended data
monetary characteristics
1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform Mining: users can explore the computing power of different hardware on many platforms
warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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bitcoin is used for graphics card mining. It used to be OK, but now there is almost no profit from using graphics card mining. Of course, if your electricity is free, it's OK. The graphics card mining you mentioned is the second stage of bitcoin mining. The first stage is mining with CPU, which is an ordinary computer. The second stage is the graphics card mining you mentioned, commonly known as burning graphics card. At present, it has entered the third stage of ASIC mining machine mining stage. In this stage, the computing power is very high, the mining income is very low, and the mining cost is almost close to or even more than the currency price. At present, the profit of large-scale mining mainly depends on the energy consumption of mining machine and the advantage of electricity price.
bitcoin miners will mine 18 million bitcoins this week, and only the remaining 3 million bitcoins will be released before mining stops in 2140 commentators said at the time that the motivation of hoarding bitcoin came from the curiosity in technology. In view of the current price of BTC / USD, financial incentives reverse the activity of bitcoin hoarding by holders in 2019< br />
bitcoin, the most famous digital virtual currency in the world, was released on January 3, 2009. Bitcoin will be generated through a large number of calculations according to its own special algorithm. Bitcoin network will release a certain amount of bitcoin every ten minutes. Users can get bitcoin through their own machines and equipment. This process is called "mining". According to the current mining efficiency, it will reach the upper limit in 2140.
1 First of all, register Singapore foundation as the main body of the project:
Singapore, with its highly open attitude and loose policies, encourages the booming of the blockchain instry in Singapore. Compared with the domestic and Asian countries that explicitly prohibit ICO, Singapore, with its advantageous geographical location and the communication of Chinese language and culture, as an international financial center, is the best choice for you to do ICO
let's briefly talk about Singapore's policy of opening up to virtual currency: what are the advantages of choosing Singapore foundation as ICO
First of all, Singapore has always been in a friendly attitude towards blockchain projects Secondly, as far as the current Singapore market is concerned, most of the world's well-known blockchain projects are located in Singapore, which is already a relatively mature and well-known market. Some well-known blockchain platforms such as lightcoin, Biyuan and Weilian have been established in Singapore foundation to issue ICO projects3. After the registration of Singapore foundation, the local licensed lawyers in Singapore can issue relevant legal compliance opinions
how to register Singapore foundation
registration information of Singapore Foundation:
1. Company Name: end with limited / Ltd, and add foundation in the middle
2. Director information: 18 years old or above, no criminal record, at least 2 directors, one of whom is Singaporean or long-term resident in Singapore, and the other has no restrictions on nationality. Provide the registered person's ID card or passport (scanned )
Registered capital: default to S $1 Registered address: local address in Singapore Business scope: software development (consulting), information technology services, it research, etcregistration time: acra's official registration time for non-profit public foundations is 10-25 working days, and the general registration time is about 20 working days
based on the domestic policies of blockchain and ICO projects, choosing to invest in Singapore's blockchain can not only comply with the registration of Singapore foundation company, but also provide legal opinions by Singapore lawyers, which is concive to the legal compliance of blockchain practitioners to issue currency on the exchange. Therefore, it has become the consensus of the instry to invest in Singapore's blockchain, So it's a good choice to set up a foundation in Singapore to be an ICO