Accounting principle of BTC
Bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin network to confirm transactions and improve security
the butterfly chain technology software team is an engineer team focusing on the research and development of the underlying infrastructure and surrounding tools of filecoin / IPFs
the team members have many years of experience in blockchain and cloud computing research and development. They are not only proficient in the underlying technology of large-scale public chains such as BTC / Ethereum / EOS, but also have accumulated profound experience in the field of large-scale distributed storage. Since 2017, he has participated in preaching IPFs technology stack and gathered a group of engineers who love IPFs protocol. At present, our energy mainly focuses on the contribution of filecoin open source code and the research and development of filecoin mine pool. Two engineers in the team have become the core contributors of go filecoin open source warehouse[ 5]
hosting service
1. International high standard hardware: T4 international standard telecommunication class computer room, seismic grade 8, anti typhoon grade 12, providing a safe operating environment
a total of 2
Inner Mongolia division of butterfly link data center
2. International high standard management: computer room access adopts three-level protection, biometric identification and swipe card access control, closed-circuit television monitoring, Regular inspection of the equipment in the computer room 24 * 7 * 365 security guard
3. Meet diversified needs: high power molar design, personalized customization services
4. High quality bandwidth resources: high quality multi line BGP bandwidth resources, backbone of direct connection operators, loop protection
5. Professional operation system: professional operation and maintenance team, 7 * 24 hours standard operation and maintenance service
6. Customized services: basic operation and maintenance services, visual network management system, active response[ 6]
remote support services
1. Power cycle - manually switch on / off or restart the customer's device to plug in and out the network peripheral card
2. Cables and connections - physically plug cables from ports, install and remove copper / fiber jumpers, and provide cable plug identification
3. Monitoring report provides visual monitoring alarm report of user equipment
4. Equipment installation and management - Equipment unpacking and installation, cable installation, replacement or removal of hot swap and molar equipment
5. Spare parts handling - receive and store new spare parts and replaced faulty spare parts according to the customer's designated area
public facilities
1. Provide sufficient space for equipment installation and commissioning<
butterfly chain technology IDC room
2. Provide Internet access for customer work / conference area
3. Provide 24-hour power, environment, facilities and security monitoring.
Zhejiang Xinyun blockchain Technology Co., Ltd. is a limited liability company (invested or controlled by natural person) registered in Ouhai District, Wenzhou City, Zhejiang Province on April 2, 2018. Its registered address is located in room B309, 46-54 Dongfang Road, Ouhai Economic Development Zone, Wenzhou City, Zhejiang Province (trial area of cloud sharing creative space)
the unified social credit code / registration number of Zhejiang Xinyun blockchain Technology Co., Ltd. is 91330304ma2cnkpx00, and the enterprise legal person is Xiao Kang. At present, the enterprise is in business
Zhejiang Xinyun blockchain Technology Co., Ltd., within the province, the current registered capital of the enterprise is general
view more information and information of Zhejiang Xinyun blockchain Technology Co., Ltd. through network enterprise credit
bookkeeping is done by miners
generally speaking, the correct result of Distributed Accounting is decided by the vote of "miners"
if you have a 51% pool, you can theoretically void any transaction (roll back). This is called a 51% attack
now bitcoin miners are distributed all over the world. The world's largest mine pool is in China, and the person in charge of bitcoin has promised that its total power will not exceed 50% (now about 30%), so there is no possibility of 51% attack for the time being
but it can't be said to conquer
In short, the principle of brick Arbitrage: buy low and sell high, buy money from the place with low price and sell it at the place with high price, that is to earn the price difference of different platforms
but there are three risks in moving bricks:
A. time difference of currency transfer: it takes a certain waiting time to pick up or deposit the currency, so it may miss the best trading time
B. currency price fluctuation: if the currency price fluctuation is relatively large and the process of moving bricks has not been completed, the price difference has disappeared
C. platform problems: some trading platforms may shut down services from time to time, or even run away
principle: carry out brick arbitrage on two platforms at the same time to avoid the risk of "time difference of currency transfer" and "currency price fluctuation"
before moving bricks: the brick moving platform must support the same currency transaction, and the brick moving platforms must be able to transfer currency to each other
Step 1: price difference calculation. There are handling charges for currency trading and currency transfer, so you have to calculate the cost according to your own funds. Only when the price difference reaches how much can it be profitable to move bricks
Step 2: simultaneous operation. Buy BTC on the low price platform and sell BTC on the high price platform. At this time, the number of BTC holdings remains unchanged and the number of usdt increases You need to pay attention to transaction fees.)
Step 3: balance funds. It is difficult to predict which platform has a lower price and which has a higher price e to the price difference. Therefore, the two platforms that move bricks need to prepare usdt and BTC. When the price difference appears, it is convenient to move bricks There are also handling charges for cross platform currency transfer.)
the above is the principle and steps of risk-free arbitrage using BTC and usdt. It also has a big name: quantitative hedging. The fundamental purpose is to earn usdt, not BTC
You can take a closer look at this: Web linksBitcoin is an electronic currency, which is based on cryptography. On November 1, 2008, Nakamoto Tsung published a white paper on bitcoin, in which a decentralized electronic accounting system was proposed. Our usual e-cash is recorded by banks, because behind the bank is the national credit. Decentralized electronic bookkeeping system is the common bookkeeping of participants. Bitcoin can prevent sovereign crisis and credit risk{ RRRRR}
the principle of bitcoin generation is the special solution generated by complex operation, and mining is the process of finding the special solution. However, the total number of bitcoin is only 21 million, and with the continuous mining of bitcoin, the more difficult it will be to proce bitcoin, and the cost of acquiring bitcoin may be higher than the price of bitcoin itself. Bitcoin is a kind of virtual currency, its issuance does not rely on any institutions; Now it's ready to trade, and it supports global 7 * 24 trading. It should be noted that the price of bitcoin fluctuates greatly. Ordinary investors have no ability to buy and sell. It is very difficult for many investors to grasp the price of bitcoin