Bitcoin message
The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all 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
extended data:
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
to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start
the bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it
according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.
1. The continuous downturn of bitcoin and the decline of bitcoin price may keep some speculators away from the market, leaving behind a group of real bitcoin fans
2, the current bitcoin infrastructure can not support bitcoin market value, bitcoin infrastructure is still very fragile, bitcoin price has been fired to 8000 yuan, but speculation is still a concept, if prices do not slow down, there may be a big bubble, leading to the death of bitcoin.
3. The decline of bitcoin price can be accepted by more people, and the return to rationality of bitcoin price is more concive to the rapid development of bitcoin
if it's bad news, it's mainly based on the following reasons:
1. Falling prices lead to more people leaving the market. More people's positions will lead to the continuous decline of bitcoin prices. Some miners will carry out large-scale selling and cash out, thus forming a vicious cycle
2. With the continuous decline of bitcoin price, no killer application has appeared so far, and more people may lose confidence in bitcoin
3. The fall in the price of bitcoin may also cause investors to lose confidence in bitcoin and rece the financing for bitcoin start-ups, which may lead to large-scale collapse of some bitcoin start-ups
bitcoin home has more articles on bitcoin analysis. I suggest you take a look.
his price is influenced by external factors.
Second, program description of the mining dog
1. The mining dog has three files, prodogmine.exe, cgminer.bat and cmdeep.bat; Prodogmine.exe is the main program of the mining dog, and the two batch files are mining batch
2. Download the mining machine cgminer, the mining dog only supports cgminer, and the mining machine does not support guiminer http://kuai.xunlei.com/d/LRRLYZZLTEXH
3. Configure two mining batches. The configuration process of the two files is the same, The reason for putting two documents is to consider the main and standby ore pool; Open the cgminer.bat file in notepad with three lines as follows:
CD F: &; cgminer-2.11.3-win32
f:
cgminer -o http://btcguild.com : 8332 - U xxxxx - P xxxxx
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -; Cgminer-2.11.3-win32)
2) in the second line, enter the disk where the miner directory is located (that is, the drive letter in the path). For example, if my miner is placed in disk F, enter F:
3) in the third line, the miner's startup configuration, if you use http://btcguild.com Mine pool, as long as you modify the location of XXX, the user name is after - u, and the password is after - P, If you are in http://deepbit.net If you want to register, you should change - O to http://deepbit.net : 8332, note: - O - U - P should be separated by spaces
4) the configuration of cmdeep.bat file can be the same as cgminer.bat. Of course, you can also change it to another mine pool, such as one with http://btcguild.com : 8332 for one http://deepbit.net : 8332, the mining dog will call different files every time it restarts, so that if it is caused by the mining pool, it can automatically switch the mining pool< The interface of prodogmine.exe is as follows:
1) when the program starts, if the prompt "open library is normal", it means that there is no problem with the loading of the graphics card driver, and it can be used (this program is only for ATI graphics card, and other graphics cards are not tested)
2) judgment interval: the unit is Ms, The default value is 30 000, which is determined once every half a minute. You can not set it
3) click "start" to start mining batch processing automatically. If mining stops for half a minute, the program will restart mining
4) open to start: select this option to start monitoring automatically every time you start mining dog, This option can realize the function of starting mining (pull the shortcut key of exploration dog into the startup group of windows to realize the function of starting mining)
if the program is helpful to you, you may as well donate to me:
some are strict, some are loose.
if you have too much money, call the police, though it doesn't work
the initials of bitcoin are used to represent the concept of bitcoin or the whole bitcoin network itself. For example: "today I learned something about the bitcoin agreement."
bitcoin without capital letters indicates a unit of account. For example: "I transferred 10 bitcoin today." The unit is also usually abbreviated as BTC or XBT
bitcoin address
bitcoin address is like a physical address or an e-mail address. This is the only information you need to provide when someone pays you bitcoin. An important difference, however, is that each address should only be used for a single transaction
peer to peer network
peer to peer network is a system that allows a single node to interact directly with other nodes, so that the whole system can operate like an organized collective. For bitcoin, the bitcoin network is built in such a way that each user is spreading the transactions of other users. And importantly, there is no need for the bank to be a third party<
hash rate
hash rate is a measure of bitcoin network processing capacity. In order to ensure security, bitcoin network must carry out a lot of mathematical operations. When the network reaches a hash rate of 10th / s, it can perform 10 trillion calculations per second
transaction confirmation
transaction confirmation means that a transaction has been processed by the network and is unlikely to be revoked. When a transaction is included in a block, an acknowledgement is received, and each subsequent block corresponds to an acknowledgement. For a small amount of transaction, a single confirmation can be regarded as safe. However, for a large amount of transaction such as US $1000, it is reasonable to wait for more than six confirmations. Each confirmation exponentially reces the risk of cancellation
blockchain
blockchain is a public record of bitcoin transactions in chronological order. The block chain is shared by all bitcoin users. It is used to verify the permanence of bitcoin transactions and prevent double consumption<
cryptography
cryptography is a branch of mathematics, which allows us to create mathematical proofs that can provide high security. Cryptography is also used in e-commerce and online banking. For bitcoin, cryptography is used to ensure that no one can use the money in other people's wallets or break the blockchain. Cryptography is also used to encrypt wallets, so you can't use wallets without a password<
signature
cryptography signature is a mathematical mechanism that allows people to prove ownership. For bitcoin, a bitcoin wallet is associated with its private key by some mathematical magic. When your bitcoin software signs a transaction with the corresponding private key, the whole network will know that the signature matches the spent bitcoin. However, no one in the world can guess your private key to steal your hard-earned bitcoin
wallet
bitcoin wallet is roughly the equivalent of physical wallet in bitcoin network. The wallet actually contains your private key, which allows you to consume the bitcoin allocated to the wallet in the block chain. Like a real wallet, each bitcoin wallet displays the total balance of all bitcoins it controls and allows you to pay someone a certain amount of bitcoin. This is different from the credit card used by merchants to dect money
block
a block is a record in the block chain, which contains and confirms the transactions to be processed. On average, a new block containing transactions is added to the block chain by mining every 10 minutes
al consumption
If a malicious user tries to pay bitcoin to two different payees at the same time, it is called al consumption. Bitcoin mining and blockchain will reach an agreement on the network that one of the two deals will be confirmed and considered valid
private key
the private key is a secret data block that proves that you have the right to consume bitcoin from a specific wallet. It is implemented through a cryptographic signature. If you are using wallet software, your private key is stored in your computer; If you are using an online wallet, your private key is stored on a remote server. Don't disclose private keys, because they allow you to consume the bitcoin in the corresponding bitcoin wallet
Mining
bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin network to confirm transactions and improve security. As a reward for their service, miners can get the Commission included in the transaction they confirm, as well as the newly created bitcoin. Mining is a professional and competitive market. The bonus is divided according to the amount of calculation. Not all bitcoin users mine, and it's not easy to make money from mining
bit
bit is a common unit to indicate the sub unit of a bitcoin - 1000000 bit is equal to 1 bitcoin (BTC or B & # 8422;), This unit is more convenient for marking tips, goods and service prices
BTC
BTC is used to mark a bitcoin (B & 8422;) The common unit of.
There are three reasons for the sharp fall of bitcoin. The first is that the US Treasury believes that many financial institutions use bitcoin to launder money. The second reason is that many bitcoin holders choose to leave the market at the top of bitcoin, which leads to the collapse of bitcoin. The third reason is that countries may tighten their regulatory policies in comparison with the special currency
the US Treasury Department believes that many financial institutions use bitcoin to launder money
on April 18, it was revealed that the US Treasury Department believes that many financial institutions use bitcoin to launder money. This is the biggest reason for bitcoin's slump. Because in the past, the largest holders of bitcoin were various investment companies and financial institutions on Wall Street in the United States
these companies own most of bitcoin, and when macro policies affect them, they will sell bitcoin, which will lead to the decline of bitcoin price. According to previous news reports, the US Treasury secretary is not optimistic about bitcoin he believes that bitcoin often carries out illegal financing. This also provides authenticity for the news{ RRRRR}
