How Ethereum digs money

1.

Ethernet mining tutorial

1. Create a new folder on the hard disk, which is better than C: eth. Then all the mining software is stored here

2. Download the following software

1) geth -- select geth win download and unzip

2) ethernet -- download and unzip to the same folder and rename it as "miner"

3) Ethereum wallet -- Download the win Ethereum wallet and unzip it and rename it as "wallet"

install all the software

3 Open the command prompt (click win and R at the same time, or click Start menu and enter CMD). The command prompt is a command line parser that allows you to execute command input software in the operating system

After

, you will have Ethereum wallet. But there is no balance, so next you need to build an ethminer. It's time to minimize your wallet

Mining

2. There are mining machines supporting their own algorithms, which can be plugged in and connected to the Internet.

3.

When bitcoin nodes connect with each other, they will get transactions they don't have from each other. But because bitcoin has accumulated a large number of transactions for a long time, it is very difficult for two nodes to compare which transactions you are missing / which transactions I am missing one by one

to solve this problem, Nakamoto Tsung invented the important technology of block chain. Nodes use blocks to synchronize transactions, which ensures the data consistency of all nodes, and ensures the uniqueness of the blockchain by competing for block packing rights (that is, mining)

① a block and blockchain
a packet formed by a transaction over a period of time is called a block. On average, bitcoin generates a block every 10 minutes, and each block is linked to the previous block to form a blockchain

② the transaction data is synchronized with the block as a unit
the block is numbered from 1, so after node a connects with node B, it is convenient to synchronize the transaction data as long as the block number height of both parties is checked. For example, if node A's own block height is 100 and node B's block height is 110, all it needs to do is request B to synchronize the 10 blocks 101-110<

③ reward for packed blocks
in order to ensure that there are nodes to pack bitcoin transactions, bitcoin rules stipulate that nodes of packed transactions will receive bitcoin as reward
A. part of the package reward comes from the transaction fee paid by the transaction creator (100-1000 transaction fee per KB)
B. the other part comes from the initial distribution of 21 million bitcoins. At the beginning, the reward is 50 bitcoins for each block. After that, the reward will be halved for every 210000 blocks (about four years). Until about 2140, the reward for each block is less than 1, and the total reward for each block is 21 million bitcoins, This is the source of the total amount of 21 million bitcoins (2099999.97690000 to be exact)
after 2140, the package reward will only come from the transaction fee paid by the transaction creator<

④ competition for block packing right
node packing transaction only needs to consume very low-cost network and computing resources. The existence of packing reward (at present, the packing reward for each block is 25 bitcoin, about 40000 yuan), makes a large number of nodes want to pack transactions. In order to ensure the uniqueness of the blockchain, bitcoin rules stipulate that nodes use a method similar to "coin tossing" to compete for the right of transaction packaging. Nodes constantly toss coins. Whoever first throws the results that meet the rules will get the right to pack the transaction in this block, as well as the package reward of this block

4. At present, most of the mainstream Ethereum mining machines in the market come from bitmainland and Jianan Yun. However, with the decline of Ethereum's price, the profits brought by mining have been very meager. Investors can choose to invest in Ethereum on the digital currency exchange. At present, the mainstream digital currency transactions in the market are all coin security, fire coin network, bitnet, etc.

5. The core component is the graphics card, which accounts for about 80% of the cost, followed by the motherboard and power supply, with high configuration. If you're digging deep in the mountains with a large mining machine. If personal computers are not enough for electricity, you can also choose crowdfunding mining machine... And now mining is generally in the place where electricity is cheaper, and the money is usually directly linked to the platform (currency exchange trading platform). Personal suggestions should be considered. After all, electricity is not enough.

6.

Bitcoin is mined in units called "blocks.". At the time of writing, the reward for completing a block is 12.5 bitcoin. In February 2019, the price of bitcoin is about $3500 per bitcoin, which means you will get (12.5 x 3500) = $42000 Refer to bitcoin mining)

as the channel is widely covered, negative interest rates will be passed to consumers through savings accounts that generate negative returns, which will force consumers to find alternatives such as bitcoin

7. First, the most common mining method: Hardware mining
Second, the mining method of sin in music: mobile phone software mining
Third, the latest mining method, trading is mining, lock is mining.