What is the power of PBC
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
Bitcoin mining is a process that uses computer hardware to calculate the location of bitcoin and obtain it
mining is an incentive process to record data in the bitcoin system. In the bitcoin system, indivial users have the right to pack blocks after calculating a specific hash value by using CPU or GPU to hash
and in order to reward this user for packing blocks, the system will give a certain amount of bitcoin as reward. Because this process is very similar to "mining" in real life, most people call this process mining. In addition to bitcoin, other electronic virtual currencies can also be obtained through mining rewards, such as Ethereum, Monroe and so on
extended data:
mining risk:
1, currency security
the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin
2, system risk
system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income. However, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners
Bitcoin is a kind of electronic currency / network virtual currency
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
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
extended data:
currency features:
1, decentralization: bitcoin is the first distributed virtual currency, the whole network is composed of users, and there is no central bank. Decentralization is the guarantee of bitcoin's security and freedom
2, global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3, exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4, low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6, cross platform Mining: users can explore the computing power of different hardware on many platforms
advantages of bitcoin:
1, it is completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open-source P2P algorithm
2, anonymity, tax exemption and supervision free
3, robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear
4, borderless and cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records
5, Shanzhai people are difficult to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency
but these counterfeit currencies are very fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency
many counterfeit coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical
the weakness of bitcoin
1, the fragility 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
2, the transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed
3, the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading
4, the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control
but the public doesn't understand, and many people can't even distinguish between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless
What does this mean? That is to say, how much money you get depends on the effective work you contribute to mining. In other words, the better the performance of your computer, the more money you will be allocated. This is to allocate money according to your work certificate. Most virtual currencies, such as bitcoin, Leyte and Ruitai, are based on the pow mode (the higher the computing power and the longer the mining time, the more money you get)
pos: proof of stake
What does that mean? In short, it is a system to pay you interest according to the amount and time of currency you hold. In the POS mode of certificate of equity, there is a term called currency age. Each currency has one currency age every day. For example, if you hold 100 currencies for 30 days, then your currency age is 3000. At this time, if you find a POS block, Your currency age will be cleared to 0. Every time you are cleared 365 coins, you will get interest of 0.05 coins from the block (which can be understood as 5% annual interest rate). In this case, interest = 3000 * 5% / 365 = 0.41 coins, which is very interesting. Holding coins has interest, very good!
bitcoin mining relies on computing power
the faster the computing power, the faster bitcoin mining
at 50, you can learn intermediate Sao. Now you can go to the 20-30 transfer station to study. It is recommended to study in (wetland) here, mainly in the cave beside the waterfall in the north of the map. After 125 years of training, I graated from the wetland. Copper, silver, iron and scorpion can be mined here
now the place where you can enter LM BL is thousand needle stone forest. This is a good place 125-175. If you are not happy here, you can beat me. Here you can mine copper, tin, iron, silver and gold
when you get to 175, you're happy now. You'll move to wasteland immediately. I don't know why there are so many mines here. You can ride your mount and run at will, but don't run to the top corner of the map. Want to kill NPC play can go to ha! You can pick (real silver) when you practice 230 here, but it's good to practice 245 here. The minerals that can be collected are iron ore, gold ore, silver ore, true silver and secret silver
now you can go to the scorching canyon. The black iron is waiting for you. If you don't go, he will cry. If you are tired of mining, you can go to the melting pot to watch the fire. But I believe you are sweating and don't want to go away. You can practice here until 275. Congratulations when you get to 275. It's time for you to graate from mining school, Although I'm only 275, what's the matter? I can't mine any mine. It is mainly used to collect the iron ore from the true silver gold deposit in miyin and the black iron ore from the gold deposit
now you can go to East plague to realize your dream of becoming rich. Arcane crystal is watching you smile. If it's a thief, I'll go to xilishu and tear it. No one interferes with it, but I'm indifferent to it<
it's normal for me to go to 300 in a day (24 hours) according to this training method. It took me only 17 hours to get there. This is the mining time, not the whole time from 1 to 300.
from 300 to 325, it's recommended not to go to Outland, but to dig fuser in dongquangu. Now all the players are in Outland, and there is no one to compete with you. It can be quickly increased to 325, and fuser becomes green, But I can still upgrade my skills. I didn't go back until I got 332
after skill 332, you can go directly to Hellfire Peninsula to mine magic iron. You can mine refined iron all the way to zanga. Generally speaking, there are more mines in the fire peninsula, while there are fewer mines in zanga and tyroca, but it's enough for you
370, you can guess krypton gold (+ 5 gloves). Now no one picks krypton gold. It's all yours. The double collection occupation is sure to make the most money in the early stage of TBC
in mining, it should be noted that if someone else is mining, it will be boring if they are hostile. It is better to start first. Ha ha, go straight to 375. While there are not many people who can collect krypton gold, let's make a good profit
note: there are two gold mines in the of zanga, that is, the next doesn't need DZ much
if you don't rush up and directly rush mining, I think it can be faster. I expect it can reach 375 in about 10 hours
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