Will the computing power of bitcoin increase
2. If no one mines, there will be no computing power and no block, so bitcoin will not be proced naturally. The current situation is that with more and more people mining, more professional mining machines and more computing power, the 2100W bitcoin set will be fully mined in 2140.
Bitcoin bulls often mention that the scarcity value of this cryptocurrency is the main reason for its continued rise. Bitcoin is similar to gold to some extent. The growth of its supply is extremely slow, and it is still slowing down. Its total supply will only reach 21 million
with the increasing interest of institutional investors and retail investors in bitcoin, global exchanges such as the Chicago Board of options (CBOE) have launched bitcoin futures contracts. This is likely to encourage more institutional investors to invest in bitcoin, while at the same time further curbing the price volatility of bitcoin
this much anticipated bitcoin futures trading has been launched on the Chicago Board of options exchange, which represents a significant step in the legalization of cryptocurrency. Futures is a derivative / financial instrument, which can force dealers to buy and sell an asset at a specific time and price
Bitcoin mining machine is a kind of computer used to earn bitcoin. This kind of computer generally has professional mining chips and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server
mining is actually a competition of performance and equipment, and a competition of computing power among miners. Miners with more computing power are more likely to dig bitcoin. With the increase of computing power in the whole network, it is more and more difficult to dig bits with traditional devices (CPU, GPU). People have developed chips specially used for mining. Chip is the core part of mining machine. The process of chip operation will proce a lot of heat, in order to cool down, bitcoin miner is generally equipped with heat sink and fan
bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce
bitcoin mining started with low-cost hardware such as CPU or GPU, but with the popularity of bitcoin, the mining process has changed greatly. Nowadays, the mining activities are transferred to the field programmable gate array, and the hash speed can be achieved through optimization. The mining efficiency of this mode is very high
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 currency 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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and 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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as for whether bitcoin can develop in China, it depends on whether foreign bitcoin can develop better. If foreign bitcoin can continue to exist and develop rapidly, then bitcoin will usher in the second spring in China. Chinese style is a conservative country, China likes to use the doctrine, does not like to innovate
I believe that bitcoin is a better means of payment and may become a supplement to the existing currency
of course, the growing popularity of the mining instry has also boosted the soaring price of bitcoin to a certain extent. From Avalon 1 to Avalon 3, and the emergence of other ASIC mining machines, the computing power of the whole network has been continuously boosted. It is said that Avalon's 28nm and 16nm chips will also be put into the market in the future, when mining will be more difficult, The price of bitcoin is also expected to rise.
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it is estimated that 21 million pieces will be excavated in 2140
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according to the relevant literature of bitcoin, in 2140, 2100 bitcoins will be proced and will not grow any more. According to the principle of bitcoin, after 33 halving periods, the mining output of each block will reach 0.58 Cong, less than the minimum unit of one Cong. The interval of each half rection is 210000 blocks, and the total proction time (2140 years) given in the above literature is calculated from the proction time of each block of 10 minutes 210000 * 10 / 60 / 24 / 365 = 3.9954 * 33 = 132 years. Since 2008, 132 years later, it is 2140 years)
however, the "proction time of each block is 10 minutes" used in the above calculation method is an ideal state, which is only true when the computing power and difficulty of the whole network do not change. Looking at the bitcoin blockchain, it is not difficult to find that bitcoin's whole network computing power has been growing for a long time, and the difficulty of mining has also increased. Therefore, it is not difficult to find out that the above calculation is not tenable and there is a huge error
the shortcomings of the above methods are that they can not accurately predict the change of bitcoin network computing power and the mining speed of bitcoin. The 11.3-day data used in the above calculation method is only the average value from May 2013 to April 5, 2014, and the representativeness is questionable. We can integrate the results of big data analysis and mining machine proction to establish a more accurate mathematical model
in a word, he doesn't believe that bitcoin will become the kind of everyday currency that the world has always wanted
he said: "as long as the network is run by those people on the old bitcoin network, bitcoin will not become a daily currency. The solution will be found in bitcoin cash, and I think bitcoin cash is the future. " On July 21, 2017, bitcoin bifurcating scheme bip91 has been supported by the computing power of the whole network, and agreed to upgrade the isolation witness first, and upgrade the block size of the underlying blockchain to 2m within the next six months. However, a "troublemaker" has emerged - viabtc, the mining giant bitcoin Continental's mining pool, has prepared a hard forked system to launch "bitcoin cash" based on the original chain of bitcoin. At 20:20 on August 1, 2017, bitcoin cash began to mine. There are different opinions in the instry about whether this is a new branch of bitcoin or another "counterfeit currency". However, BCC's advance offer has reached 2000 yuan, which is more than one tenth of the price of bitcoin
after 175, there were more secret silver caves and several refresh points beside the altar, and they could dig 245 pieces of silver together. However, at that time, it was mainly to dig secret silver, and there was little silver. Go to 275 to dig the silver of fuser, which is covered by mud in the worm hole of sirisus.
it's better to get a set of equipment with mining skills, such as 175 to dig the silver of mysteries. Your 170 + gloves enchant 5 mining shows that you can dig orange and add skill points~~~