Bitcoin mining and ordinary

At present, the mining machines in the market are mainly divided into two categories, one is PC based mining machine, the other is professional mining machine based on ASIC chip

the general PC mining machine can be used as a home computer, but the CPU performance is weak and the power consumption is high. Professional mining machine based on ASIC chip can not be used as ordinary computer because it has no graphics card and does not support mainstream desktop operating system

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mining machine is one of the ways to obtain bitcoin is a kind of network virtual currency proced by open source P2P software. It doesn't rely on a specific currency institution to issue, but is generated by a large number of calculations of a specific algorithm. It uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions economically. The decentralized nature of P2P and the algorithm itself can ensure that the currency value cannot be manipulated by mass proction

any computer can become a mining machine, but the profit will be relatively low, and there may not be one in ten years. Many companies have developed professional mining machines, which are equipped with special mining crystal. They are tens or hundreds of times higher than ordinary computers

mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it is just a garbage card like hd6770, can surpass the single graphics card of most users in terms of computing power

and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the hardware price and other costs, there are considerable expenses in mining

in addition to the display card burning machine, some ASIC (application specific integrated circuit) professional mining machines are also put into the battlefield. ASIC is specially designed for hash operation. Although the performance may not be able to kill the display card in seconds, it is already quite strong. Moreover, because their power consumption is far lower than that of the display card, it is easier to form scale and the electricity cost is also lower, It is difficult to compete with these excavators. And this kind of machine will be more expensive

Bitcoin uses SHA-256 encryption algorithm. When mining, it competes with computing power. In order to improve computing power, bitcoin has gone through four stages: CPU mining, GPU mining, FPGA mining and now ASIC mining machine mining, and the degree of specialization is getting higher and higher

Ethereum uses the ethash encryption algorithm. In the process of mining, it needs to read the memory and store the DAG file. Because the bandwidth of each read memory is limited, and the existing computer technology is difficult to have a qualitative breakthrough in this problem, so no matter how to improve the computing efficiency of the computer, the memory read efficiency will not be greatly improved. Therefore, in a sense, Ethereum's ethash encryption algorithm is ASIC resistant.

different encryption algorithms lead to great differences in mining equipment and computing power between bitcoin and Ethereum

at present, bitcoin mining equipment is mainly ASIC mining machine with a very high degree of specialization. The maximum computing power of a single mining machine is 110t / s, and the scale of computing power of the whole network is more than 120eh / s

the main mining equipment of Ethereum is video card miner, and there are very few specialized ASIC miner. On the one hand, the "ASIC resistance" of Ethereum mining algorithm improves the threshold of developing ASIC miner. On the other hand, after Ethereum is upgraded to 2.0, the consensus mechanism will be transformed into POS, and the miner can not continue mining

compared with the ASIC miner, the graphics card miner has two orders of magnitude difference in computing power. At present, the computing power of mainstream graphics card miner (8 cards) is about 420mh / s, and that of Ethereum is about 230th / s.

from the time dimension of the past two years, bitcoin's computing power of the whole network is growing rapidly, while Ethereum's computing power of the whole network is growing relatively slowly

bitcoin is monopolized by several major mining machine manufacturers, and miners can only buy it from the market; Although the graphics card miner of Ethereum is also manufactured by a special miner, the miner can buy accessories from the market and assemble them according to his own demand

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

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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

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

Mining bitcoin is also called mining. Starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique

in the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million

bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats, equipment, etc. in online games. Internet users can also use bitcoin to buy real goods

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shortcomings

first, the vulnerability of trading platform. 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

According to the exchange rate on January 6, 2020, 1 pound = 9.1143 yuan, 1 yuan = 0.1097 pound, 500 pound = 4557.15 yuan

sterling was issued by the Bank of England, which was founded in 1694. The unit of secondary currency was shilling and pence. One pound was 20 shillings and one shilling was 12 pence. On February 15, 1971, the Bank of England implemented a new currency carry system. The unit of secondary currency was changed to new pence and one pound was 100 new pence