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Bitcoin mining and solar power generation

Publish: 2021-04-26 15:51:44
1. bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity 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

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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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. Get out of the way. I'll answer
literally, bitcoin comes first, then blockchain. Bitcoin started in 2009 and blockchain started in early 2014
in essence, blockchain technology is a collection of technologies, mainly composed of distributed account book data
bitcoin is an application. In order to achieve some of the purposes of bitcoin, some technologies are used, because bitcoin is more and more valued by the market (that is, the price is getting higher and higher). These underlying technologies are later refined and called blockchain separately

then, their relationship is similar to that between internal combustion engine and automobile
in order to run, cars use internal combustion engine technology
the internal combustion engine technology is also widely used in trains, small power stations, agricultural machinery, engineering machinery, merchant ships, conventional submarines and small airplanes because of the wide application of automobiles. The number of internal combustion engines in the world ranks first among the power machinery of human beings

if you understand the relationship between blockchain and bitcoin in this way, is blockchain technology important
it's important, but more important is the structure of all kinds of human data and the decentralized future realized by this technology.
4. Bitcoin is the first application on the blockchain and the most classic representative of digital currency. Bitcoin proposes a P2P form of decentralized management and payment system, which is well known by the world. However, with the development of the times, the first generation blockchain still has the congenital defects of slow data processing speed and high data rendancy. Bitcoin is still not suitable for the application scenarios in daily life. The current digital currency mostly imitates the technical mode of bitcoin, which is called "one generation coin"

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.
5. A network in which processing power and data are distributed on nodes rather than having centralized data centers.
6. There is no difference in the nature of electricity
photovoltaic power generation is essentially the same as hydropower generation

as long as the electricity is cheap

generally speaking, if the electricity charge is more than 30 cents, you can hardly earn money from mining.
7.

I believe many people have heard of virtual currency, among which bitcoin is the most expensive. Even for a period of time, people all over the world are keen to speculate in bitcoin, and regard it as a direction of future economic development. However, with the diving of bitcoin several times in succession, Minzhong also found that bitcoin is an illusory dream{ RRRRR} in this case, it will consume a lot of electricity. According to statistics, a bitcoin miner needs 32.4 kilowatts of electricity a day. To tell you the truth, this power is more than our average household power. After all, our family only pays more than 100 yuan for electricity a month. According to his consumption, we have to spend at least 400 yuan for electricity a month. From here, you can see that the power consumption of bitcoin mining machine is still very large. In addition, there are two million such computers working continuously all over the world. It consumes about 48.5 billion kilowatt hours of electricity every year. So that's why excavating bitcoin causes the same amount of carbon emissions as a country

8. 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.
9. There is no difference in the nature of electricity
photovoltaic power generation is essentially the same as hydropower generation
as long as the electricity is cheap
generally speaking, if the electricity charge is more than 30 cents, you can hardly earn money from mining.
10. VG team 2, VG E-sports club was founded on September 21, 2012. This year's VGP team also has South Korean foreign aid. The former South Korean Samsung blue team assisted heart to join, making the team strength improve again
in May 2015, VG. P was acquired by royal family club and renamed Royal never give up (RNG).
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