M-chain digital currency mining

1.

mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners

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 the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer

extended data:

to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network

if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes

by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />

2. It's about making money;, However, who knows! Whose money do you earn? If you don't think about it, how can blockchain financial disk make money?

3. All kinds of digital currencies on the market are essentially a game of playing drums and spreading money, plus a pyramid scheme! It's all scams carefully packaged by swindlers! It's just a tool for cutting leeks.

4. Now bitcoin mining is not something ordinary people can do. The other mines are air money. Cheat IQ is not enough, full of fantasy of life.

5. 1. digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
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6. Looking for agents and customers is mainly about sales

7. At present, digital currency has not been applied, and this problem does not exist for the time being. It is natural to repay debts when there are debts.

8.

Mchain, like bitcoin and Ethereum, is an encrypted digital currency based on blockchain technology

Mchain is developed by the top blockchain team in the United States, which greatly improves the speed of block confirmation and is the preferred currency for anonymous transactions! M chain is issued on the public chain of blockchain, and the token follows the digital currency standard, with a total circulation of 21 million and no additional issue. In the initial stage, 6.3 million tokens were released, which were jointly held by the mine investors and the community participants creators of M chain community, and the latter 14.7 million tokens were proced by miners, all of which were g up in 20 years

extended materials:

in 2008, Nakamoto proposed the concept of "blockchain" in the white paper on bitcoin, and established bitcoin network in 2009, developing the first block, namely "Genesis block"

the shared value system of blockchain was first imitated by many cryptocurrencies, and improved in workload proof and algorithm, such as equity proof and scrypt algorithm. Subsequently, the blockchain ecosystem has been evolving all over the world, with the emergence of ICO for the first token sale, Ethereum for smart contract blockchain, "asset token sharing economy with light ownership and heavy right to use" and blockchain countries

at present, people are using this shared value system to develop decentralized applications (DAPP) in all walks of life, and build decentralized autonomous organizations and decentralized autonomous communities (DAS) around the world