Is there any hidden danger in bitcoin mining
No illegal
in the bitcoin risk notice jointly issued by the people's Bank of China and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell it freely at their own risk. But it denies the monetary nature of bitcoin< The Article 143 of the general provisions of the civil law stipulates that "the civil legal act with the following conditions is valid:
(1) the actor has the corresponding capacity for civil conct< (2) the expression of intention is true< (3) it does not violate the mandatory provisions of laws and administrative regulations, public order and good customs. " The announcement of the seven ministries and commissions is neither a law nor an administrative regulation, and can not be used as a legal basis for judging whether a civil juristic act is valid or not; The law does not go back to the past. Therefore, the bitcoin transaction has legal effect, and the bitcoin obtained from the transaction is protected by law. Therefore, legal disputes arising from trading activities, including civil or criminal cases, should be subject to jurisdiction. Courts or public security organs can not refuse to accept bitcoin because they think bitcoin is not protected by law
extended information:
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transaction mode
bitcoin is e-cash similar to e-mail, and both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address. The following table lists some websites that download bitcoin wallets and addresses for free
a bitcoin address is a string of about 33 characters long, consisting of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it does not need to exchange information online when generating address, so it can be offline [2]. More than 2 bitcoin addresses are available. Figuratively speaking, there are about two grains of sand in the world. If there is an earth in each grain of sand, then the total number of bitcoin addresses far exceeds the number of all the sand on all these "earths"
the bitcoin address and private key appear in pairs, and their relationship is just like the bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated. This private key proves that you have ownership of the bitcoin at that address. We can simply understand the bitcoin address as the bank card number, and the private key of the address as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep your address and private key when using bitcoin wallet
after the transaction data of bitcoin is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed. Bitcoin P2P stores all transaction history in a "blockchain.". The blockchain continues to extend, and once new blocks are added to the blockchain, they will not be removed. Blockchain is actually a distributed database composed of a group of scattered client nodes and all participants, which is a record of all bitcoin transaction history. Nakamoto predicts that when the amount of data increases, users hope that not all the data will be stored in their own nodes. In order to achieve this goal, he uses the hash function mechanism. In this way, the client will be able to automatically eliminate those parts that it will never use, such as some very early bitcoin transactions
As of July 24, 2020, the state has not issued any laws to prove that bitcoin mining machine is illegal
bitcoin mining machine is one of the ways to obtain bitcoin. Bitcoin is a kind of network virtual currency proced by open source P2P software
it doesn't rely on the issuance of specific monetary institutions, and it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
extended data
the issue and transaction of bitcoin are realized by mining, and it is cast at a certain but slowing rate. Each new block is accompanied by a certain number of new bitcoin from scratch, which is used as a coinbase transaction to reward the miners who find the block
the reward for each block is not fixed. For every 210000 blocks mined, it takes about four years, and the currency issuance rate is reced by 50%. In the first four years of bitcoin's operation, each block created 50 new bitcoins. Each block creates 12.5 new bitcoins. In addition to the block award, the miner will receive a handling fee for all transactions within the block<
source: Internet - bitcoin mining machine
in the very early days, when the computing power of bitcoin was very low, the computer could also carry out a lot of calculations according to the algorithm to "mine" bitcoin
when users "mine" bitcoin, they need to search for 64 bit numbers by computer, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a group of numbers, they will get the bitcoin awarded by the block. However, e to the rising value of bitcoin, the number of users of bitcoin mining is very large. There are millions of professional mining machines mining at the same time, and the output of bitcoin is very limited every 10 minutes. As a result, tens of millions of people scramble for a block. Therefore, if you use personal computers to mine alone, you may not be able to grab a block in a whole year, People came up with a method of group mining, so the mining pool was born. There are a lot of users who play after mining
I hope you will adopt it.
when the miner starts working, it makes a low-frequency fan turning sound. On the contrary, the baby is sensitive to these noises, which will disturb him. If the ionizing radiation is more than 2 meters away, it is generally OK.
my view of bitcoin is that it is a very risky investment. Some scholars have pointed out that bitcoin is halved every four years, which was originally designed by Nakamoto. Moreover, Nakamoto has also designed the total amount of bitcoin, which has prevented inflation to a certain extent. However, it is precisely because the bitcoin reward of blockchain is halved every four years, so in 2016, after the price of bitcoin plummeted, it quickly recovered and reached its peak. Therefore, it can be said that this design of Nakamoto Tsung actually ensured that the value of bitcoin would not decline too much to a certain extent. Bitcoin has entered a crazy state since 2017. The price of a bitcoin once rose to more than US $20000, which caused many speculators to rush in. Bitcoin, based on blockchain technology, entered an oscillation period of decline at the end of 17. It once dropped to about US $5000 and rose to more than US $10000 after the Spring Festival. It can be seen that every time the price of bitcoin falls, there will always be a lot of money coming in to boost the price rise, and there will always be the shadow of operators behind
why is bitcoin so popular recently! Let's talk about my views:
first, there are a lot of myths about sudden wealth.
for example, the founder of reborn coin has become the richest man in the blockchain. Some people are worth hundreds of millions in a short time relying on bitcoin. In addition, people like baoerye are telling stories everywhere, from beef sellers to Rolls Royce mirage who can buy limited edition, Many people yearn for it
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4. The title of bitcoin blockchain
the blockchain technology behind bitcoin claims to replace all centralized organizations, which is obviously a utopian plot, but utopia is often beautiful, although it can not be realized, but everyone goes for it
I think that bitcoin is actually a data logic in the guise of blockchain, and its existence foundation is very fragile. Once there is a problem, it will lose everything. Therefore, the risk of the currency market is too great, so we must be cautious if we want to enter the currency market
in the world of bitcoin, a data block is recorded about every 10 minutes. All mining computers are trying to package the data block and submit it, and the person who successfully generates the data block will get a bitcoin reward. Initially, bitcoin rewards of 50 bitcoins could be generated about every 10 minutes. But the payment is halved every four years, and now the bitcoin network can generate 25 bitcoins every 10 minutes.
bitcoin mining machine scam is to make money by leasing or selling mining machines the so-called "mining machine" refers to the computer that installs and runs specific software and algorithms. As we all know, bitcoin can only be obtained through long-term running algorithm of computer, and the total amount is limited. Therefore, some manufacturers have launched specially designed and optimized computer procts, known as "mining machine" in January 2018, a mining computer named "Kodak kashminer" appeared at the international consumer electronics exhibition in Las Vegas, which aroused people's attention. But now critics point out that the mining machine plan is actually a fraud, and the publicity for profit is also false precautions: 1. The general computer configuration of bitcoin household can not meet the requirements of bitcoin miner, so it is difficult to earn the electricity cost of a day 2. If you have to use bitcoin mining machine to dig coins, it is suggested to choose a reliable and legal platform to go more steadily. In the legal platform mining, the daily income can be seen, and a certain amount can be withdrawn