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Bitcoin consumes electricity but does not create value

Publish: 2021-05-13 01:03:33
1. The essence of bitcoin is a set of distributed ledgers. Generally speaking, miners are many accountants who have one ledger. Because accountants or reimbursement people may make false statements, only when an account is recognized by enough Accountants (generally speaking, six are enough) can it be effective. These are the six confirmations. The process of accounting is mining, which needs electricity
the function of bitcoin, or the dream of its followers, is to realize the gold standard monetary system (in fact, there is no upper limit for gold, but bitcoin has a total limit), and create a currency with a slowly increasing supply and a total limit. Thanks to the distributed database, the transfer of bitcoin does not need to go through a third party and is irreversible. This is a very important feature, and this is its potential
with the graal rection of output, the value will graally increase in the long run. There are more and more audiences
e to the limited level, my explanation may be different, but this is generally the case.
2. Bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money 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

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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3. Some things do not exist to create value
bitcoin itself is a number of virtual currency and a tool for capital speculation. It does not lie in whether it can create value, but whether it can create benefits for itself
for example, real money, which is proced by wasting resources, is a trading tool; Another example is the game console, which is a waste of resources, time and energy, but also a personal entertainment tool. Do they really create value
I don't quite agree with bitcoin, but it's chosen by capital speculation, which is artificial, but it can't be controlled by human
4. Bitcoin is the first application on the blockchain and the most classic representative of digital currency. Bitcoin proposes a P2P form of decentralized management and payment system, which is well known by the world. However, with the development of the times, the first generation blockchain still has the congenital defects of slow data processing speed and high data rendancy. Bitcoin is still not suitable for the application scenarios in daily life. The current digital currency mostly imitates the technical mode of bitcoin, which is called "one generation coin"

ACC is the local currency of assets, which is the representative of the typical "second token". It is an asset token based on the application of blockchain technology in order to realize the value transfer within the scope of application. ACC is based on the application of digital assets. ACC is used as fuel for the issuance, transfer and voting of digital assets. Its operation mechanism is the balance between currency pool and asset pool, that is, when assets enter the pool, currency will be released. This strict standard system anchored with asset portfolio is a great progress in the application of blockchain.
5.
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6. 1. Blockchain is a global technology. 2. Blockchain will play an important role in the whole technology and instry. 3. China has a good foundation, and blockchain technology will be fully integrated into the economy and society in the future. So now all over the world are vigorously developing the blockchain. Changsha high tech Zone has launched a SMIC blockchain service platform project, which is aimed at enterprise users to build an instrial chain alliance. If you are interested, you can learn about it.
7.

Bitcoin can be called an electricity swallowing beast, consuming global energy. This incident has also aroused heated discussion among netizens on the Internet. In fact, speaking of bitcoin, it is very mysterious and has only developed on the Internet in recent years. Bitcoin mining consumes a lot of power, which is related to the computers it uses, because we all know that mining requires professional mining machines. Even the most advanced mining machines have very high proction power in the market, and these mining machines need 24 hours of continuous operation to dig a small amount of bitcoin, and they also need to keep cooling, So this is the reason why bitcoin consumes a lot of power

Third, the impact on people's lives

we also hope that the local government can stop the mining behavior, and also hope that all over the world can support the mining behavior of bitcoin, many netizens said, The rise of bitcoin price has nothing to do with ordinary people. On the contrary, it has led to the rise of the price of graphics cards, which has a very big impact. We all know that bitcoin is different from legal currency, which has no practical significance. We hope that people can recognize its true colors, and that the relevant government can close bitcoin mines. Only in this way can our motherland develop more rapidly, Let's live more and more

8. It's true. The checking process wastes the hardware resources of electricity consumption. In the past, the mine owner said that the electricity cost of about 3000 people's coins
9.

Bitcoin is very power consuming and its value fluctuates greatly, which is similar to a speculative investment

To get bitcoin by mining requires a lot of power< p> What we need to know is that at present, the mainstream mines use graphics cards to improve the computing power of mining. Each miner has several graphics cards, and each miner has several miners. In this case, the power consumption is naturally high. But the point is that as long as anyone who has followed bitcoin news knows about it, even if bitcoin ranks among the world's top 30 power consumers, it will only surprise everyone, not particularly strange. Especially in the current bitcoin hot situation, more and more people are engaged in the mining instry, and it is expected that the power consumption will naturally increase

with the further spread of this kind of virtual currency, dog money has graally come into people's sight, and more and more people want to invest in this kind of virtual currency. Because some very rich people will invest in this kind of virtual currency. For example, musk is keen on investing in dog money. In any case, there are a lot of people who can make huge profits

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