Why does bitcoin consume electricity
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
response time: November 30, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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Taking t2t-30t as an example, the calculation force of t2t-30t is 30t, and the power consumption is 2200W, that is, 2.2kW. The power consumption of a single miner in 24-hour operation is 2.2kW * 24 = 52.8kwh, and the electricity charge is once calculated as 0.56rmb, the daily power consumption cost of a single miner is 52.8kw * 0.56 = 29.57rmb
to "mine" with bitcoin mining machine, if the graphics card is fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. There are many professional mines at home and abroad in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even some people in a residential area in Yunnan carried out crazy mining, which led to a large area trip of the residential area, and the transformer was burned
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mining principle of bitcoin mining machine:
bitcoin mining and node software mainly initiates zero knowledge proof and verification transactions through point-to-point network, digital signature and interactive proof system. Each network node carries out broadcast transactions to the network. After these broadcast transactions are verified by miners (computers on the network), miners can use their own work proof results to express confirmation. The confirmed transactions will be packaged into data blocks, and the data blocks will form a continuous data block chain
every node of bitcoin will collect all the unconfirmed transactions and gather them into a data block. The miner node will add a random adjustment number and calculate the sha256 hash value of the previous data block. The mining node keeps trying again and again until the random adjustment number it finds makes the hash value lower than a specific target
the power consumption of bitcoin mining machines is different according to different machines take Shenma 68T, the fastest mining machine in wet season, as an example. Suppose that the electricity charge is 0.22 per kilowatt hour in half a year in wet season and 0.34 per kilowatt hour in dry season, the wall power consumption of Shenma 68T's second-hand machine is 3264w, and the actual power consumption is 3500W, then the daily power consumption of a Shenma M20S 68T machine is 3.524 = 84 degrees, Annual power consumption 84 * 365 = 30660 degrees
according to the latest mining difficulty, a Shenma 68T machine can dig 0.00064836 BTC a day, and 10 machines can dig 2.366514 coins a year. The mining difficulty of the premise remains unchanged, but according to the current situation, it is assumed that the mining difficulty will increase by 30% from now to next June, and by 2.5% every month. It is estimated that 85% of the original coins should be g, that is, 2.012 coins. Ten machines of Shenma 68T can dig almost 2 coins a year
to sum up, the power consumption of ten Shenma 68T machines in a year is 306600 kwh, which can dig almost two coins
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the risk of mining machine
1. Hardware expenditure
< P > mining is actually a competition of performance and equipment. Some mining machines are composed of more such graphics card arrays. With tens or even hundreds of graphics cards, the hardware price and other costs are very high, There is considerable expenditure in miningin addition to the display card burning machines, some ASIC (application specific integrated circuit) professional mining machines are also put into the battlefield. ASIC is specially designed for hash operation, and the computing power is quite strong. Moreover, because their power consumption is far lower than that of the display card, they are easier to form scale, and the power cost is also lower. It is difficult for single chip display to compete with these mining machines, This kind of machine costs more
2. Currency security
the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but the frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin
3. System risk
system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income. However, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners
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
response time: January 8, 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
For example
a 4-sheet R9 280x graphics card miner. About 2.9m
power consumption:
the rated power of each graphics card is about 250W, and slightly overclocking is about 300W. Four graphics cards, 1200W
platform: motherboard, CPU, hard disk, etc., which add up to no more than 200W
display, mining machine is basically no display
the total power is about 1400W. 33.6 degrees a day
if the caption is only for ordinary household desktop computers, it is not easy to calculate, because the key is the power consumption of the graphics card. The power consumption of ordinary graphics card is about 150W. And then add the others according to 200W, a total of 350W. 4.2 degrees a day
No.1: shrimps
the South Fujian word "shrimps" is the homonym of "what" in the South Fujian language. For example, "make shrimp", "create shrimp", "do what", "for shrimp", "why". The pronunciation of "what" in Minnan dialect is: Xi á m ì The network term "shrimp" is the network term "shrimp" = "what", which comes from the homonym of "what" in Minnan dialect. Pronunciation: Xia MI is mostly used in online chat and forum posts. It is a fashionable name for "what". It is popular among post-80s and post-90s netizens. There is no doubt that "shrimp" is at the top of the latest Internet buzzwords in 2013
the second place: people are hard and don't tear it down
people are hard and don't tear it down because life is so hard. This word comes from Lin Youjia's song "lying", in which there is a lyric like this: I didn't lie, why should I lie. Love a person, do not love how it will be. Don't say I lied, life has been so difficult, some things don't expose. The word often appears in the replies of netizens. The landlord directly tells a truth that people can't face. Netizens feel the same in the replies, but they can't face it for a moment“ "People are hard to break down" has become the second most popular online catchwords in 2013<
third place: mature women
one of the most basic conditions that mature women must have is to have sufficient economic strength and be able to afford luxury goods such as famous brands. I really can't agree with that. It's right for mature women to have the ability of economic independence, but it doesn't matter much if they don't consume luxury brands. Today, it is necessary for us to redefine the word "mature girl."“‘ The term "familiar woman" has been handed down from the Japanese media circles and now refers to mature women aged 30-50. But not all mature women are mature women. We are talking about mature women not only in terms of sexual maturity. A real mature woman should have rich life experience, connotation, elegant temperament, self love and self-confidence, and know how to be considerate and caring, The third place in the latest Internet catchwords list in 2013 is "mature women"<
NO.4: diaosi
diaosi, who also writes "hanging", "hanging" and "diaosi", is a sarcastic term proced after the prosperity of Chinese Internet culture. It originated from an article written by D8 veteran members, which creatively created the word "diaosi". Later, it was used by members of world of Warcraft bar to ridicule Li Yi bar members, and Li Yi bar friends readily accepted this disdain, Because of the large number of people in Li Yi bar, it became popular all over the Internet! It means inferior Yisi. To realize the dream of owning a house and a car in the central area of a first tier city with our own strength is a distant dream for Diao Si. Because it is widely used in the language and culture of young people, its use and meaning become more extensive. Therefore, it is normal for anyone who is not so satisfied in real life to laugh at himself. In fact, "diaosi culture" is just the rise of another network subculture, which means that Chinese people have gained more perspectives and rights to interpret their own lives, and it is also a new culture<
No.5: green tea whore
"green tea whore" has become a hot word on the Internet, and it is the first time that Sanya's "Haitian feast" was suspected of gathering people to commit altery. Green tea bitch, or green tea bitch, refers to those prostitutes who wear pure clothes. They always have long hair and face up to the sky. In fact, they wear naked makeup. Pretending that people and animals are harmless, heartbroken, and the years are quiet, they are suffering from many diseases, disasters, and emotional injuries. They like to stare at men and look at men innocently. In fact, they are more ambitious than anyone else. In beauty, she disguises herself as a young woman in literature and art, and usually works as an actress / journalist / hostess / writer in literature and art films. She likes to publish literary and artistic political arguments and win men's admiration. She preaches that she has been hurt by love and her teeth are firm. QQ signature is the only lonely flower in the world. Successful women with chaotic private lives and experiences of cheating or being a junior<
sixth place: Mermaid line
Mermaid line is also a famous fish pattern. Its formal scientific name is "oblique and sharp inside and outside the abdomen". It refers to the two V-shaped lines on both sides of the male abdomen close to the upper part of the pelvis. Because its shape is similar to the slightly contracted shape of the lower part of the mermaid, it is called Mermaid line. Leonardo da Vinci first proposed "Mermaid line" as the index of "beauty" and "sexuality" in "on painting". However, with the popularity of mermaid line recently, many beautiful and healthy women have also exposed their Mermaid line, claiming that Mermaid line is not a male specific physiological phenomenon
No.7: Lori
Lori (ロリ) is the abbreviation of Lolita. Originally, Lori refers to an American novel, which later developed into a subculture in Japan“ "Lolita" or "Lolita" is used as a noun to refer to "girl" or "woman in Lolita". But as an adjective, it sometimes refers to "having Lori style", such as Lori dress? ファッション，Lolita fashion The first widely recognized role of Lori is Princess Momo, the protagonist of "sweet Fairy" launched in 1982. The first generation of Lori Meng Wang is the protagonist of "Moka girl Sakura"
No.8: Unidentified jueli
"although unidentified, but jueli", or "unidentified jueli", which means "although I don't understand what (the other party) is saying, I seem to be very powerful."
ninth place: Che Zhen
Che Zhen refers to the phenomenon that the car owners are keen to flirt with their lovers, make some ambiguous actions or have intimate behaviors, which leads to the vibration of the car. Car shock, a kind of modern urban sex life, refers to the irregular sexual contact and intercourse in the car in order to meet their own sexual needs
vehicle vibration, as the name suggests, is the vibration inside the vehicle. Specific saying "car shock": generally refers to the opposite sex between the use of car shock, mutual flirtation and make some ambiguous action or sex[ 1] When Gulong used "parking, sitting and love" in his novels, it is estimated that the word "car shock" has not been born, at least, has not been paid as much attention as it is now. On the forum, netizens who like to discuss "Che Zhen" and lovers who are infatuated with "Che Zhen" or even addicted to "Che Zhen" are collectively referred to as "Che Zhen Zu", and "Che Zhen Zu" has also become a special vocabulary of new human beings
normal male and female riders will have the time of spring, and the place for everyone to vent is not only at home, but also in the "car". In foreign countries, a survey shows that the first place for romantic sex is the beach, and the second place is the car. The reality is that romance on the beach may be extravagant and unsightly for the public, but it is more practical in the car. As the saying goes, practice leads to true knowledge. You can learn and use it flexibly, so as to improve the level of "lathe" in all aspects
Senior lathe people point out that for the veteran who stresses atmosphere and excitement, the bedroom is not as good as the dining table, the home is not as good as the hotel, and the building is not as good as the car. It's not only the possibility of being seen that makes the excitement mixed with guilt and tension, which greatly improves the sexual pleasure. Moreover, in the narrow and closed space like the car, every breath is close to the ear, and each other's body temperature and smell are infected with each other. The closeness and intimacy of the soul can't be compared with other outdoor sex<
10th place: bitcoin
bitcoin is an electronic currency proced by open-source P2P software. Digital currency is a kind of network virtual currency. Bitcoin is also paraphrased as "bitcoin.". Bitcoin does not rely on specific currency institutions to issue, 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.
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