When is bitcoin finished

1. bitcoin, as a kind of network virtual currency, is very popular. Many people will "dig" bitcoin. Today, let's introce the mining tutorial of 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.

2.

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

3. 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. Under normal circumstances, an ordinary home computer can bear up to 1000h / s of computing power. According to the hash collision data of bitcoin 3 million times per second, if it is just an ordinary home computer, even if it is mining 24 hours a day, it can dig up to 0.0018 bitcoins a day. It takes at least 556 days to dig out a complete bitcoin. If it is not lucky in the middle of the way, it will be difficult to dig out a complete bitcoin, It may take more time

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
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4. Seeing the question of the subject, I think the subject is still interested in science and technology finance, which is very good. Now I'll answer it in common language
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

5. The bitcoin system adjusts the difficulty coefficient to ensure that bitcoin will not be g up too quickly
every 10 minutes, the miners of the whole network work together to solve a problem and compete for bookkeeping rights and bitcoin rewards. If the computing power of the whole network continues to grow, bitcoin will soon be g out
in order to ensure the stability of bitcoin and dig out a block in about 10 minutes, Nakamoto Tsung designed that the difficulty of getting bitcoin from miners' mining should be dynamically adjusted every 2016 blocks (about 2 weeks). After the adjustment, the expected time for each block to be generated is 10 minutes
the current difficulty coefficient is about 480ph / s, which is about 68 billion times that of Genesis block. In other words, with the current computing power, the miners in the whole network need to go through about 300 trillion hash operations to find a qualified answer and generate a new block.

6. According to the relevant literature of bitcoin, in 2140, 2100 bitcoins will be proced and will not grow. 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, it is an ideal state that the "proction time of each block is 10 minutes" used in the above calculation method, 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.

7.

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

8. In 2100

9. Bitcoin is more and more difficult to dig in the future. Now ordinary computers can't dig a coin a year, so it's very difficult to dig out. In fact, it doesn't matter how much bitcoin has not been g. The minimum unit of bitcoin can be one in 100 million, so there's no need to worry about the quantity.