Bitcoin's initial mining

2.

You can't dig in a day. It takes 2000 years

the global unified computing difficulty of bitcoin is 2621404453 (expected to change in two days). It takes more than 2000 years for a 2.5GHz CPU to work out a bitcoin

in order to make the graphics card fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. Many professional mines at home and abroad are operated 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 in a certain residential area in Yunnan, there was a case of crazy mining, which led to a large area trip of the residential area, and the transformer was burned

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

bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer

when bitcoin was born in 2009, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25

when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million

3.

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

4. If you want to dig a mine, you should understand these first, and then decide whether to join the army of miners or not
as a miner, I used graphics card very early and then butterfly machine. At present, I use Avalon's 220 miner and just received a new 180 ant miner. To tell you the truth, mining is not as simple as you think. Here I will list some practical difficulties you need to face in mining. If you find that some of these items can't be solved and overcome for the time being, don't rush to buy a miner, because from the moment you buy, if you can't mine, Then you will face a real loss

first, list the problems to face
1, be able to accept the noise - the noise of the mining machine is very loud, which is equivalent to that you put the air conditioner outside the room
1-1, strong hands-on ability - the noise can be controlled to a certain extent by adding water cooling, but it needs to be done by yourself. The installation process of water cooling is not as simple as the online tutorial. It needs to be extremely careful. The capacitor on the logic board is easy to touch, and it must be successful at one time. Once the refrigerant is added, the machine will have problems again, It would be disastrous to dismantle the water cooling system
1-2, conditional repair of the chip capacitor - in the process of water cooling installation, the capacitor is easy to fall off, these chip capacitors are very difficult to weld
2, you can set up the network - you can't just plug in the Internet cable! Need to understand the routing, know how to change the IP of the router, mining IP is fixed, according to mining IP to do settings
2-1, you can get a fixed IP address - if you are mining in a company, you can't set up a route, so you must have the condition to get a fixed IP, and then set up your own network through this IP
3. The environment of continuous power supply and continuous network - mining is a 24-hour business. Don't take it for granted that a meeting is OK in one day. Many companies will cut off power at midnight. This must be made clear
3-1. In low temperature environment, in addition to 24-hour continuous power supply, there should also be a relatively cold environment. In actual mining, we can clearly feel the importance of temperature for mining<

let's assume two scenarios,
in the company:
if your working environment is very quiet, it is not suitable, even if water cooling is installed. If you are a senior blue collar, in the workshop, do you have the conditions to set up the network and get a fixed IP? If you can't, give up
at home:
can you stand noise? Can tolerate to a certain extent
is it possible to install water cooling? It can be installed conditionally
is it possible to set up a network? There are also conditions to set up the network
is it warm in that room? Yes, but you can open windows on the second bedroom or balcony
is it possible to pull the wire and the wiring board in the balcony? No problem
congratulations, you can buy a miner to dig it up, but if one of them doesn't work, you need to think carefully before making a decision
the above-mentioned points should not be taken as unimportant or major problems. For example, it is necessary to have the conditions to install water cooling, for example, in a lower temperature environment, for example, to have a fixed IP
when the miner starts to operate and makes a rumbling sound, if you are in the company, you have to turn it off awkwardly. If you are at home, you need to figure out how to explain to your family or girlfriend that the noise will exist for 24 hours, and hope they don't mind

if your home is warm, your miner will never be able to achieve the highest computing power it can. You must accept it calmly, don't be depressed, it's useless to find the seller. Unless you open the window to let in the cold air, you will find that you and the miner are so out of place. That's why laomaozi is very fond of mining< Make complaints about mobile phone, br / > and if you work hard to move the mine to the company, you may think that the electricity charge is in the whole province. You can't get the mine to connect. Then you can only move the mine to home or sell it as a second-hand machine...

these words are typed word by word by me. I hope it can help you. You must find out whether you are qualified to do this at present. As for how to dig, it's a very simple thing: buy a miner, register an account on a mining website, Download a multibit to store the bitcoin you get, and link the miner to the network for power on, Set up the network, give it the fixed IP specified on the chassis, use the computer to access the IP, make some simple settings, and then wait for the receipt
what else can I ask you

5.

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.". Short for: BTC

bitcoin does not rely on a specific monetary institution. It is generated through a large number of calculations of a specific algorithm. 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
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
bitcoin is a relatively mainstream digital currency, which can be properly invested. There are risks in the transaction. You can invest cautiously. You can search the fire coin, coin security, OK, dobby trading platforms on the Internet, which can trade bitcoin. These are relatively large trading platforms. Invest in mainstream digital currency, do not invest in counterfeit currency or air currency< br />

7. Bitcoin Mining: using computer hardware to calculate the location of bitcoin and get the process is called mining. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source and p-2p China network were designed and released. Bitcoin is a kind of digital currency in the form of p-2-p. Point to point transmission means a decentralized payment system. Unlike most currencies, bitcoin does not rely on specific currency issuance. 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 P-2 network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized characteristics and algorithm of p-2p can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the continuity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system had no more than 5.5 million in four years, after which the total number would be permanently limited to 2 million