Lots of bitcoin
There are only 21 million bitcoins
"graphics card mining" is a joke. In fact, it is running a specific algorithm to generate bitcoin through a large number of calculations
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the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the 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
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency 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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
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monetary characteristics
1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform Mining: users can explore the computing power of different hardware on many platforms
first of all, your computer should be installed with the latest version of bitcoin client. After opening the client, all the transaction information data on the network will be automatically downloaded to the local. Depending on the network speed, this process may take several hours. At this time, the account balance is 0. Users can ask friends to send some coins, but a more feasible way is to do mining or merchant acquisition
mining as a miner
to be a miner is to proce bitcoin with one's own computer. In the early days, there was the option of mining in the client, but now it has been cancelled. The reason is very simple. With more and more people participating in mining, it may take several years for one person to dig for 50 coins, so now miners generally organize into miners' Guild, Let's dig together. Specific mining methods, you can go online search
buy as a businessman
as a businessman, you can use money to buy coins g up by miners, set up an online shop to sell things and collect bitcoin, and even go to the exchange to speculate in coins. Now there are many websites providing bitcoin exchange services, which can be converted into almost any kind of currency. If you really don't know how to exchange, you can also come to laoan for help
the difficulty of bitcoin mining is directly proportional to the amount of money that has been mined. The more difficult it is to mine, the more difficult it will be. After 20 million bitcoins are mined out in 2030, the remaining 1 million bitcoins will probably take decades to be mined out. And bitcoin has no central issuing authority, which is generated by network nodes through complex calculations. Anyone can run bitcoin software on a computer to make it. During circulation, enter the quantity 1 on the client software, then come to the other party's bitcoin address and sign with the payer's password. After that, the bitcoin is the other party's
jr123 Internet Financial navigation network includes bitcoin principle explanation, mining tutorial, domestic and foreign information and other related websites. The home page also has bitcoin price real-time update, and you just want to know what to look at
Recently, logic thinking & amp; The video of APP founder Luo Zhenyu talking about his investment in bitcoin was exposed again. In the video, Luo Zhenyu said that because he believed in the trend, he bought 100 bitcoins, which are now worth 3 million
LUO Zhenyu said that the simplest way to invest is: as long as you believe in the trend, you don't care after investing. It's more important to increase your ability to earn money
Unlike all currencies,
bitcoin does not rely on a specific monetary institution. 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 the design of cryptography to ensure the security of all aspects of currency 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
on December 17, 2017, bitcoin reached an all-time high of $19850
The wealth of Cameron Winklevoss and Tyler Winklevoss twin brothers has increased significantly. In April 2013, they held $11 million of bitcoin, which was then priced at $120. At this week's price of $11500, these bitcoins are worth more than $1 billion
it's a question of whether you play the game currency first or he pays first. If you're a dreamy player, it's a good start. If you don't play, it's not a good start. If you hire a farmer, I'll give you a suggestion, that is, don't make money in a tree, talk about westward travel World of Warcraft and so on can be done at the same time. And you have to have a whole system. First of all, get some people from Henan, and then start to operate. First, it will cost several hundred yuan a month, and then it will guarantee food and housing. Of course, you have to have some funds first. About 60000 or 70000, find a promising area in the early stage, and then start to practice. When it's high, you can run darts to take the plot. First of all, you have to rent a machine. Don't buy because you don't have enough money. It's better if you have an Internet bar. You need to find a reputable currency trading website, so everything is not open to the line.
The news that bitcoin ranks among the top 30 power consumers in the world has aroused heated discussion among many netizens. You know, there are a lot of news about bitcoin recently, but just listening to these news, it's difficult for people to have an intuitive concept compared with the popularity of bitcoin. Now there is power consumption as the measurement standard, which also makes people more aware of how much attention bitcoin is currently receiving. However, although bitcoin ranks among the top 30 power consumers in the world, it is not possible to properly curb bitcoin speculation. This is because as long as we pay attention to bitcoin, we all know that bitcoin mining consumes electricity, and only bitcoin crash can curb bitcoin speculation in a real sense
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the power consumption of bitcoin reflects that the current market is very depressed, and we prefer to invest in this seemingly illusory thing rather than in the real instry. Now, in order to develop bitcoin, the power consumption has entered the top 30 in the world. If all this electricity is used to heat water, it will last the UK for 29 years
Existence is reasonable
in addition to bitcoin, there are many projects or investment procts in our daily life that can make people rich and bankrupt. These are reasonable in today's economic society. The word "crisis" is the best proof. Where there are dangers, there are opportunities
behind the sudden wealth
is the so-called "killing people, setting fire to the golden belt, repairing bridges and roads, no corpses." I mean, when a few people get rich, there are many people who lose money or even go bankrupt. After all, bitcoin is just a zero sum game at present. Where there is capital, it will rise naturally, and there will be speculation and value
it is worth thinking about the number of investors who are losing money, being covered and bursting positions behind an investor who has made a fortune in money speculation< br />