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Why does bitcoin use electricity

Publish: 2021-04-24 18:07:37
1. The essence of bitcoin is a set of distributed ledgers. Generally speaking, miners are many accountants who have one ledger. Because accountants or reimbursement people may make false statements, only when an account is recognized by enough Accountants (generally speaking, six are enough) can it be effective. These are the six confirmations. The process of accounting is mining, which needs electricity
the function of bitcoin, or the dream of its followers, is to realize the gold standard monetary system (in fact, there is no upper limit for gold, but bitcoin has a total limit), and create a currency with a slowly increasing supply and a total limit. Thanks to the distributed database, the transfer of bitcoin does not need to go through a third party and is irreversible. This is a very important feature, and this is its potential
with the graal rection of output, the value will graally increase in the long run. There are more and more audiences
e to the limited level, my explanation may be different, but this is generally the case.
2.

Although many countries do not recognize the value and status of bitcoin, bitcoin is still popular in recent years, and its existence is controversial. Some people say that it has no practical significance, just a number. If it is not officially recognized by the world, mining is a constant waste of energy. Some people say & lt; No one can be sure whether bitcoin is a black horse or not


in fact, bitcoin is calculated and proced through computer networking, also known as mining. At the beginning, there was a personal computer to dig, but the efficiency was relatively low, and the cost of graphics card was low. Then there was a special bitcoin mining machine, ranging from several hundred to two or three hundred thousand yuan


when we talk about bitcoin, we naturally need blockchain because of the blockchain, bitcoin can become bitcoin. It is a secure general ledger for all payments and transactions. It can be said that everyone can contribute to the update. We need to solve a very complex mathematical problem by brute force& mdash; Hash algorithm to complete a block

many people want to know the value of a bitcoin. In fact, the price of bitcoin is changing all the time. We need to check the figures of that day. At present, the price of a bitcoin is less than 30000

3. Bitcoin is just based on a special algorithm. The total amount of bitcoin is only so much, and it will not exceed this value. It's expensive because of scarcity. So many people are speculating, and the risk is also very high. Without national credit as a guarantee, we can't find it now, and it's not enough for electricity! QQ currency is the virtual currency of RMB exchange, with RMB as the guarantee. Of course, TX company can also increase the exchange ratio, but relatively speaking, it is still guaranteed
4.

Global view is a public information mining platform

reward token GC in the process of reading information, so as to achieve revenue. Based on data engine mining technology, to ensure fairness, transparency and openness

on the information reading platform, a novice reading bag will be sent to you with a simple real name after registration. The effective time of the reading bag is one month, and you can read for three minutes every day to complete the task. The monthly output is 11.4 GC coins, which can be traded point-to-point on the platform

< H2 > extended information:

precautions

direct promotion new person award 0.6ge, subordinate re investment award is the same as 6% of the highest level of GC (with burn system) upgrade award, upgrade G2, direct promotion 10 people, personal activity 50, alliance activity 20000 can upgrade G2

GC is a reward coin for reading, which is decentralized, point-to-point trading, shopping and circulation, with a total amount of 2 billion. You can buy reading bags to get more output and sell them to make money

Ge is generated by recommendation certification award, commission transaction bonus award, and Ge pool is released into GC or purchased reading package in proportion every day

GSB is the platform currency and the only token of exchange transaction, with a total amount of 600 million. The purchase of reading bags above the low level can be given as a 1:1 gift, while the purchase of reading bags by the lower level can also get GSB reward



5.

Bitcoin can be called an electricity swallowing beast, consuming global energy. This incident has also aroused heated discussion among netizens on the Internet. In fact, speaking of bitcoin, it is very mysterious and has only developed on the Internet in recent years. Bitcoin mining consumes a lot of power, which is related to the computers it uses, because we all know that mining requires professional mining machines. Even the most advanced mining machines have very high proction power in the market, and these mining machines need 24 hours of continuous operation to dig a small amount of bitcoin, and they also need to keep cooling, So this is the reason why bitcoin consumes a lot of power

Third, the impact on people's lives

we also hope that the local government can stop the mining behavior, and also hope that all over the world can support the mining behavior of bitcoin, many netizens said, The rise of bitcoin price has nothing to do with ordinary people. On the contrary, it has led to the rise of the price of graphics cards, which has a very big impact. We all know that bitcoin is different from legal currency, which has no practical significance. We hope that people can recognize its true colors, and that the relevant government can close bitcoin mines. Only in this way can our motherland develop more rapidly, Let's live more and more

6. Because we need to ensure that the transaction records cannot be tampered with at will, if some lawbreakers want to attack bitcoin, they will pay a great price, because they must have enough computing power, which theoretically exceeds 51% of the total network computing power
7. Bitcoin consumes a lot of electricity, but it doesn't take up power resources. At present, China's mines basically use the local surplus electricity that can't be transported. Environmental damage is bullshit. For example, can a computer cause environmental damage? The bitcoin network world is like thousands of computers running.
8. If the central bank does not recognize the monetary attribute of bitcoin, then trading platforms such as fire coin net naturally do not belong to the financial trading platform, and can not be applied to financial laws and regulations.
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