Comparison between mining difficulty of Ethereum and bitcoin
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
The ASIC mining machine of
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
bitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
eth is a kind of digital token of Ethereum. Like other digital currencies, ETH can be bought and sold on the trading platform. Generally speaking, Ethereum is an open source platform, digital currency and blockchain platform, which provides developers with a platform to build and publish applications on the blockchain. Etheeum can be used to program, distribute, guarantee and trade anything, voting, domain names, financial exchanges, crowdfunding, corporate management, contracts and most of the agreements, intellectual property, and smart assets that benefit from hardware integration
bitcoin and ethereal currency are the mainstream digital currencies, which can be invested appropriately. There are risks in the transaction, so be cautious in investment. You can search the fire coin, coin security, OK, dobby trading platforms on the Internet, which can trade bitcoin. These are the relatively large trading platforms. Invest in the mainstream digital currency, do not invest in counterfeit currency or air currency.
when the vast majority of video card mining machines and CPU mining machines are in a mine disaster, bitcoin mining with ASIC mining machines will not be affected. As the first big man in the virtual currency circle, bitcoin has become a deep-rooted belief in the coin circle. The total number of 21 million bitcoins also determines the transaction type and value-added of bitcoin
although bitcoin has begun to be recognized by most people, it has not really replaced the world's currency to fulfill its original intention, but it has become a collection beyond gold. The inflation of money, the rection of the total amount of mining and the increasing difficulty of mining all determine its future market prospects. The value-added has been firmly established, so people will rush to dig for mines, Because the bitcoin is actually worth more than gold
Ethereum and bitcoin have similar properties.
