Mining bitcoin fire
Now buy 120g mining machine, bitcoin at the current price, can do back to the original, it's very good. Bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
expansion:
1. In 2013, the U.S. government recognized the legal status of bitcoin, which led to a sharp rise in the price of bitcoin. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
2. On January 11, 2017, the Shanghai headquarters of the people's Bank of China and the Shanghai financial office carried out on-site inspection of bitcoin China, focusing on whether the enterprise carried out credit, payment, exchange and other related businesses without permission or license; Implementation of anti money laundering system; Fund security risks, etc. On January 12, 2017, the business management department of the people's Bank of China also entered the trading platforms such as "fire coin net" and "currency bank" in Beijing
Bitcoin mining is a process that uses computer hardware to calculate the location of bitcoin and obtain it
mining is an incentive process to record data in the bitcoin system. In the bitcoin system, indivial users have the right to pack blocks after calculating a specific hash value by using CPU or GPU to hash
and in order to reward this user for packing blocks, the system will give a certain amount of bitcoin as reward. Because this process is very similar to "mining" in real life, most people call this process mining. In addition to bitcoin, other electronic virtual currencies can also be obtained through mining rewards, such as Ethereum, Monroe and so on
extended data:
mining risk:
1, currency security
the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin
2, 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
Bitcoin is actually a virtual currency. When bitcoin first appeared, if you want to get bitcoin, you have to get bitcoin through mining. Therefore, bitcoin mining appeared. But bitcoin mining is more and more difficult, so it is very difficult to get bitcoin now
so now many people use Haru miner digs Ethereum, Monroe and other virtual coins. Most importantly, BTC can be directly equivalent in the end
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
ACC is the local currency of assets, which is the representative of the typical "second token". It is an asset token based on the application of blockchain technology in order to realize the value transfer within the scope of application. ACC is based on the application of digital assets. ACC is used as fuel for the issuance, transfer and voting of digital assets. Its operation mechanism is the balance between currency pool and asset pool, that is, when assets enter the pool, currency will be released. This strict standard system anchored with asset portfolio is a great progress in the application of blockchain.
blockchain is a technology implementation of distributed storage based on cryptography, and its significance is to ensure the security and reliability of information circulation process, but blockchain is not absolutely perfect, it depends on many factors
the benefits of blockchain. It has to be said that as a supplement to the social credit system, blockchain has natural advantages
1. Smart contract, which is the foundation of blockchain platform. With the help of smart contracts, rules can be applied safely when dealing with transactions. They can be used to automatically perform verification steps to encode conditions previously contained in signed physical contracts
2. Distributed storage, distributed storage system, is to store data in multiple independent devices. Traditional network storage system uses centralized storage server to store all data. Storage server becomes the bottleneck of system performance and the focus of reliability and security, which can not meet the needs of large-scale storage applications
3. The pursuit of capital and the pursuit of profit by capital are just like Satan's hell fire burning all the evil sources. The greed of capital will surely threaten all the hype concepts and reap the green of leeks. Good capital injection can also bring back the rapid development of the instry
"blockchain is the most popular fintech (Financial Technology). This innovative technology from bitcoin is subverting the financial instry and our lives. In 2015, blockchain became the highest financing sector in US venture capital, breaking through US $1 billion. This kind of hot financing scene only appears in foreign countries“ Few people in China really understand blockchain technology, "said a senior practitioner. This is the reality. In China, most of the companies that are known as blockchain technology are unwilling to give up the dividend of bitcoin and still stay in the primary stage of currency speculation; The transformation of the financial sector, more in essence, is just speculation concept stocks; There are few people who sincerely do technology. "
"blockchain is the underlying technology of bitcoin, which solves the process of bitcoin from 0 to 1. At this stage, blockchain has become a high-frequency word in the big and small science and technology summit, and its popularity is no less than that of "o2o" in the previous two years. When people are discussing blockchain, they are more concerned about how to use blockchain, and they have no doubt about the application value of blockchain. " Blockchain is a decentralized trust mechanism. In the past, blockchain was mainly used in bitcoin. Until the last half year, blockchain has graally started to have some other applications, especially in the financial field
blockchain is a technical solution to maintain a reliable database collectively through centralization and distrust. Generally speaking, blockchain technology refers to a way for the whole people to participate in bookkeeping. There is a database behind all the systems. You can think of the database as a big ledger. So it's very important who keeps this account book. At present, whose system will keep accounts, wechat's account book is Tencent's account book, and Taobao's account book is Ali's account book. But now in the blockchain system, everyone in the system can have the opportunity to participate in bookkeeping. If there is any data change in a certain period of time, everyone in the system can conct bookkeeping. The system will judge the person who has the fastest and best bookkeeping in this period, write the content of his records into the account book, and send the content of the account book to all other people in the system for backup. In this way, everyone in the system has a complete account book. This way, we call it blockchain technology
bitcoin is one of the most successful applications of blockchain technology. Specifically, the blockchain is a series of data blocks generated by the use of cryptography Association, and each data block contains the information of effective confirmation of multiple bitcoin network transactions. The structure of blockchain storage data is a chain composed of "storage blocks" on the network. Each block contains all the information exchange data in the network within a certain period of time. Blockchain is the underlying technology of bitcoin, but its role is not limited to bitcoin. Through cluster or cloud mode operation, the nodes can expand horizontally, and continuously improve the overall network performance based on benign competition
bitcoin has no legal compensation and compulsion, and its circulation range is limited and unstable. Bitcoin also has strong substitutability, so it is difficult to be a general equivalent. No matter how skillful the blockchain technology is, it is impossible to proce a national currency, and the mass investors should not follow suit.
It can be said that the price rise of bitcoin was very hot before the big fire in bitcoin market. From the end of last year, that is, the end of December, the price of bitcoin was less than $20000. In just four months, the price broke through $60000, and the increase rate was three times, 300%{ RRRRR}
as for the reason of the fire, we really have no way to make an effective conjecture. We can only say that before, the epidemic caused the global central bank to release water, that is to say, almost all countries are releasing water, and a large number of money printing led to inflation. In order to effectively combat inflation, we need to find new and effective investment ways, simply put money in the bank, We can't beat inflation any more, so if we focus on this new type of currency, coupled with the capital drive behind it, driven by tens of billions of capital, its price will naturally rise rapidly