How long does it take to dig out bitcoin
Step 1: prepare mining machines and pools
if you want to dig bitcoin, you must prepare professional equipment. At present, there are many professional mining machines on the market, and the pool is also essential. When you choose a pool, you should also compare the output and income gap of each pool, and then choose the most suitable one
Step 2: register and set the mine account
after the mine is ready, register the mine account and set a common email. When setting the mine account, each CPU or GPU needs to set a mine account
Step 3: download the bitcoin miner
after you register and set up your account, you need to download the bitcoin miner. When downloading the miner, be sure to choose the miner that can make your CPU and graphics card play the most function. After downloading, set the server, user name, password, device and so on
Step 4: Mining
after setting up the miner, click the "start mining" button, the miner will enter the state of full speed operation, and the miner will start mining automatically.
Bitcoin is a kind of network virtual currency. 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. Assuming that the mining computing power is 100 mhash / s and the total computing power is 4000 ghash / s per day, 3600 bitcoins can be g out every 24 hours
China's computing power has accounted for more than 75% of the world, that is to say, 75% of bitcoin in the world is made in China. How long does it take to dig a bitcoin
bitcoin used to be very good at "digging", which can be done by ordinary computer CPU, and it can automatically "solve problems" by downloading software. But with the rise of currency price, more and more people want to "solve the problem", and the difficulty of mining is also increasing. Now, the amount of computation needed to dig a bitcoin is beyond the reach of ordinary people. Ordinary computers can't afford it
instry insiders said that in 2014, 100 bitcoins were generated from 500000 yuan of electricity charge per day, and the cost of electricity charge alone was 5000 yuan per coin. But now, the same cost has more than doubled, and the electricity cost of each bitcoin is as high as 10000 yuan
in the generation mechanism of bitcoin, mining reward is decreasing. At the beginning of the birth of bitcoin, the miners could get 50 bitcoins for each page of the ledger, and then 25 bitcoins for each page of the ledger, decreasing in turn. It's like digging gold. At first, it's more and less. The time point at which each new reward is reced by half is called half bitcoin proction
assuming that the mining computing power is 100 mhash / s, the total computing power is 4000 ghash / s per day in 2014, and 3600 bitcoins are g out every 24 hours
now, we can understand the difficulty of bitcoin digging in this way, which is equivalent to 100 million dice throwing numbers less than 100 million and 50 million. Whoever throws them first will get the bookkeeping right. At this point, 1050 million is a hash value. The process of throwing dice is called hash collision. The unit of mining power is the number of hash collisions per second
at present, the computing power of bitcoin in the whole network has reached 2.36 billion hash collisions per second, which is equivalent to the number of water droplets in more than 200000 50 meter long standard swimming pools. But even with such a large amount of computing power, it will take about 10 minutes to hit a hash value that meets the requirements
in 2012, bitcoin's output was halved for the first time, and in July 2016, bitcoin's output was halved for the second time. At present, 12.5 bitcoins are awarded for recording one page of account book. The next halving will take place around 2020, and the total number of bitcoins will not increase by 2040, with a total of 21 million
Related videos: how long does it take to dig a bitcoin
-
it is estimated that 21 million pieces will be excavated in 2140
-
according to the relevant literature of bitcoin, in 2140, 2100 bitcoins will be proced and will not grow any more. According to the principle of bitcoin, after 33 halving periods, the mining output of each block will reach 0.58 Cong, less than the minimum unit of one Cong. The interval of each half rection is 210000 blocks, and the total proction time (2140 years) given in the above literature is calculated from the proction time of each block of 10 minutes 210000 * 10 / 60 / 24 / 365 = 3.9954 * 33 = 132 years. Since 2008, 132 years later, it is 2140 years)
however, the "proction time of each block is 10 minutes" used in the above calculation method is an ideal state, which is only true when the computing power and difficulty of the whole network do not change. Looking at the bitcoin blockchain, it is not difficult to find that bitcoin's whole network computing power has been growing for a long time, and the difficulty of mining has also increased. Therefore, it is not difficult to find out that the above calculation is not tenable and there is a huge error
the shortcomings of the above methods are that they can not accurately predict the change of bitcoin network computing power and the mining speed of bitcoin. The 11.3-day data used in the above calculation method is only the average value from May 2013 to April 5, 2014, and the representativeness is questionable. We can integrate the results of big data analysis and mining machine proction to establish a more accurate mathematical model
warm tips: 1. The above contents are for reference only, without any suggestions. The relevant procts are issued and managed by the corresponding platform or company, and our bank does not undertake the responsibilities of investment, cashing and risk management of the procts. 2. There are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
first of all, bitcoin is not created one by one. Bitcoin is made up of one account book after another. As long as you can record one account book, the system will reward you accordingly (starting from 2009, after four years, one will reward 50 bitcoins, another four years, one will reward 25 bitcoins, and so on), Because the account book records the transaction information, the transaction fees generated by the transaction also belong to the bookkeeper. Such a good thing, of course, everyone wants to keep accounts. At this time, the more wonderful thing will come. The system will put a mathematical problem every ten minutes. Whoever works out first will have the right to keep accounts. They can keep accounts and get bitcoin generated by keeping accounts
then the generated bitcoin will be saved in your wallet address. You can transfer the bitcoin in the address to EXX. There are not only bitcoin, but also more valuable currencies. Of course, you need to choose
investment is risky, and we should cherish it
1. It is estimated that 24 million pieces will be excavated in 2140
2. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, 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
the total number of bitcoins is 21 million. As of January 13, 2018, 16.8 million bitcoins have been mined in the world, with 20% left, that is, 4.2 million bitcoins are waiting for everyone to excavate, facing the situation of "more than enough"
in November 2012, the new issue speed of bitcoin was reced to 25 bitcoins per block
bitcoin mining relies on the use of computer chips to calculate specific encryption algorithms. With the increasing scarcity of remaining bitcoin resources, the mining cost of a single bitcoin is also increasing. As the Chinese government has taken strict measures to restrict mining, the winning rate of indivial mining may be a little high, which is normal. But at present, SEO in China has been limited. The risk is enormous.