BTC chart
the issuance of bitcoin does not depend on indivials or teams, but through a process called "mining". By solving the problem of cryptography, people get the right to create new blocks and get rewards. It can be said that the new bitcoin is proced to reward miners to verify blocks. In the beginning, 50 bitcoins were awarded for each block packed. Nakamoto designed a set of rules. For every 210000 blocks excavated (about four years), the reward will be halved. This is what we call "halving" event
the first half was at the end of 2012, when 50 bitcoins were awarded to the 210000 block, but only 25 bitcoins were awarded to the 210001 block
the second half took place in the middle of 2016, and the reward was halved again, so 12.5 bitcoins were awarded in 420001 block
and so on...
until around 2140, 21 million bitcoins were g up, and then they stopped rewarding
Why do we need this half design? If bitcoin is issued too fast and there is no circulation limit, there will be a large amount of bitcoin in circulation in the market, and it will definitely be greatly devalued. One thing to remember: bitcoin is valuable. First, the number of bitcoins is fixed, that is 21 million; Moreover, through the halving process, inflation in the bitcoin economy can be suppressed
the third halving will take place in May this year. Let's wait and see.
Mining is the use of bitcoin mining machine, which is used to earn bitcoin
one of the ways to get bitcoin is that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server
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
mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it's only hd6770, can surpass the single graphics card of most users
and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the hardware price and other costs, there is a considerable expenditure in mining
bitcoin mining process:
1. To find the ore pool
to start mining, there must be a ore pool with convenient operation and stable output. Its function is to subdivide the data packets for each terminal, and pay the corresponding amount of bitcoin according to the proportion of the data packets calculated by the terminal through precise algorithm
2. Download bitcoin miner (software)
in fact, there are many kinds of this miner, you can go to the official website to download
3. Setting mining software is a green software. After installation, we can set the language first to facilitate further setting. Next, you need to set the server, user name, password, equipment and so on. Generally, the server chooses a better network from BTC guide series, and the user name and password are set by ourselves before
4, bitcoin mining start
when we confirm that all settings are correct, click the "start mining" button to start bitcoin mining, and then the graphics card will soon enter the full speed running state, the temperature and fan speed will increase, you can monitor the state through gpu-z or graphics card driver
or you can walk to Jintang Road, take bus no.643 at Hedong stadium and get off at Balitai (Weijin Road). Go ahead and cross the overpass to Jingyan building
everyone's understanding and expectation of making money are different, which can be roughly divided into conservative type, steady type and radical type
conservative ideas will be associated with the interest rates of banks and yu'ebao. It is a little bit more to keep the principal
the representative of the steady type is the fund, with gains and losses
many people are radical and tend to put profit in the first place and ignore risk. Now it's not a popular saying that we make money by luck and lose money by strength
summary: if you want to make money, you still need some professional knowledge to support, plan the principal well, make a set of trading strategies that are in line with your own,
use a long time to measure the income and avoid negative emotions. The original intention of making money is to live a better life, and don't destroy your original life because of emotional fluctuations
have better ideas to share with the author
values; væ ljʊ z] Beauty [&; væ ljʊ z]
n. value; values; Views on value; Guidelines; Standards; Value (plural noun of value); Value standard The face value of money, stamps, etc
v. valuation (the third person singular of value); Pay attention to it; To price; price; Evaluation
[example] this reflects attitudes and values previewing in society
this reflects the prevailing attitudes and values in society.
this paper analyzes the same problem with bitcoin: the futures market has been launched for some time, allowing researchers to draw preliminary conclusions on its impact. The researchers found that the effect was not linear: Although the first trading period actually led to higher volatility, then graally declined, establishing a strong causal relationship in the last period
"from a professional perspective, market makers prefer to use settled and closed markets; Material object; Contracts to hedge futures contracts, thereby greatly recing the risk of potential settlement price manipulation, "he explained“ Through a cash settlement contract, the settlement price will never really be effective at maturity. "
the difference between cash settlement and physical delivery futures is how to deal with the underlying assets: in the former, transactions are only written off mathematically according to the reference spot price, while in the latter, the assets are actually e
"as a result, the buyers of these [cash settled] contracts seem to be speculators, using leverage," he continued“ Once the long-awaited physical contracts are listed, I expect most cash settled contracts will lose their attractiveness and the spot market will stabilize. "
at the end of last week, the trading price of bitcoin was in an incredible state of tension. Bulls failed to take charge of cryptocurrency, while the market was quite good. As pointed out earlier, when bitcoin trades at a smaller price in a very short period of time, a breakthrough move is likely to come
for most of this month, Ethereum enjoyed a strong upward movement over the weekend after the territory was depressed. Looking at the ETH / BTC chart, it seems that cryptocurrency has surpassed bitcoin in the short term, despite the warning of MACD index that there may be a bearish correction soon
the level of $10000 is the key support area that sellers need to break through this week. The weakness in this key technology area may be the trigger for the bearish attack on BTC / USD against the current monthly trading low
in the short term, it is important for sellers to force the price to be around $10260 at the weekly fulcrum to gain control over the price action, and to encourage testing of the previous week's trading lows of BTC / USD pairs.
Japan, South Korea, India and other countries support bitcoin because they are optimistic about digital currency and blockchain technology itself. However, speculators inflate the price of bitcoin, making it more risky
according to a survey of Huo coin.com, 80.77% of bitcoin trading investors are in order to achieve short-term profits. They keep buying and selling along with the fluctuation of the price of bitcoin to earn the difference
Sheba Jafari, head of technology strategy at Goldman Sachs Group, recently released a chart Research Report, in which he predicted the trend of the price of the special currency in the next week. In the report, he pointed out that the digital currency is in a & quot; Impulsive & quot; Rising trend & quot; The fifth wave & quot; In the medium term, it is expected to further rise to as high as US $4827 in the short term
however, & quot; Once the complete five wave sequence is in place, theoretically speaking, the market will enter the correction stage& quot; In the world of digital currencies, it is not uncommon for prices to fluctuate by hundreds of dollars. Bitcoin hit a record high of $3025 in mid June, but fell by more than $1000 in the following month. It has risen again and reached a new high in the past two weeks. Analysts said that the reason why bitcoin prices ushered in this upward trend is that investors are optimistic about its prospects
is better