The difference between L3 and L3

1.

In fact, the coins that can be g up every day are different. When L3 + first came out, it was able to dig one Wright coin every day. Now the computing power of the whole network has been greatly improved, and about 0.54 yuan can be g every day. It mainly depends on the comparison between your computing power and that of the whole network

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

2. The popular digital currencies in 2013 are bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, barbecue coin and prime currency. At present, hundreds of digital currencies are issued all over the world

Output value: according to the calculation formula of bitcoin output, almost every four years, the output will be halved, and finally reach the extreme value of 21 million. At this time, there will be a substantial appreciation. This kind of currency without the control of the central bank, compared with the real currency of quantitative easing, will continue to appreciate. By 2013, about 11 million bitcoins had been proced

extended data:

1. Ant mining machine is the first cryptocurrency mining machine brand in the world, with a market share of about 70%. The mining machine is developed by bitmainland and has a patent in mainland China. At the beginning, ant miner had only bitcoin miner. Later, its business expanded to other cryptocurrencies, such as Ethereum, dascoin, Leyte, Monroe, etc

Ant miner adopts ASIC chip designed by bitcontinental, which is proced by TSMC. All chips are made of BM prefix. Each miner has three to four circuit boards, and there are dozens of chips on the circuit board. Therefore, each miner can only be used to mine one or more cryptocurrencies using the same algorithm

3. Ant mining machine needs special mining software, and can not use third-party software. In addition, because of its high power, the ant miner also needs to be used with a special fire ox

2. Why can't you dig when the miner hurts yourself
does the platform stop mining? Then change the platform
if it's the power of buying Leyte, it's probably a liar
it's better not to be a liar, otherwise you have no place to complain
bitcoin answers for you

3. Preface: please make sure that you have a basic understanding of electronic money (especially cryptography money) before reading this article, and understand the basic knowledge of "POW workload proof mechanism", timestamp and block chain system, decentralization, etc., which will not be repeated here

bitcoin is rising wildly, and e-money has set off a wave of speculation. Light currency (LTC) soared more than ten times, reaching a high price of 300 yuan. At the same time, a large number of counterfeit coins appeared, and the increase was amazing. It's not unusual to see them rise several times a day. E-money market has shown a strong speculative, investment risk has emerged. But is bitcoin the only winner? Is there any other e-coin that can "" the miracle of bitcoin, or even surpass it

assuming the success of e-money in the future, some people say that we only need one e-money. If the number of bitcoin is limited, it's OK to use mbtc or smaller units to trade when the price is very high. Other electronic coins are repetitive and meaningless

let's see how bitcoin has changed from "meaningless behavior" to a successful case, and what experience can be summed up

firstly, based on the combination of private key and public key of electronic cryptocurrency, bitcoin creatively proposed the block chain mechanism, as well as the binding of mining (protecting the whole network) and currency issuance rewards. And the implementation of a constant total to create deflation expectations, difficulty automatic adjustment to ensure fairness, as well as competitive mining and competitive block branches, to maximize the protection of the interests of the holders and miners, to achieve a win-win situation

this mechanism mobilizes the enthusiasm of miners and forms a virtuous circle. BTC rises, calculating power rises, calculating power rises, BTC is more stable and has higher value, so as to promote the price to continue to rise. Until now, bitcoin has formed an indestructible block chain system, which is the most valuable part of the bitcoin system, ensuring the maximum security of bitcoin holders, as well as the decentralized network structure, ensuring the openness and fairness of the bitcoin world. Social capital has invested a lot in bitcoin, forming a whole instrial chain. This is the value created by bitcoin from scratch. Although there are speculative factors, to a certain extent, the market value of bitcoin reflects this value

BTC market value: http://blockchain.info/charts/market-cap

BTC calculation force: http://blockchain.info/charts/hash-rate

but does this mean that bitcoin must be the most successful, and it will forever occupy the market share of the whole e-money in the future without further improvement

next, I'll make a comparison with LTC. Instead of recommending buying LTC, I'll talk about whether LTC can solve some problems of BTC and whether it will cause some new troubles< First of all, BTC has the following problems:

1, long confirmation time

I casually selected the current mining records and found that the block confirmation time was too long. First of all, the BTC default 10 minutes out of the block, has been a relatively long time. For some deals, it's a time of impatience. And because the difficulty is already very high, the block time is further uneven, sometimes it is normal not to block for 20 minutes. These 20 minutes, together with the confirmation waiting time and other processing time of various trading websites, often result in extremely slow recharge and withdrawal speed. It is common to wait for an hour. Waiting for a bitcoin transaction is really a boring thing, which limits its application in reality. Even for this reason, a third party, similar to Alipay's third party centralization letter, is needed to solve.

the two-and-a-half block time of LTC greatly alleviates this problem. An LTC transaction will be completed in a short time without any anxious waiting. It can be said that LTC solves the problem of BTC

2, centralization

although BTC claims to be a decentralized currency, it is relative to legal currency. In practice, e to historical problems and ASIC mining machine problems, BTC's centralization problem is very serious, which can be discussed from two aspects

the first is the centralization of computing power. Although ASIC mining machine is inevitable in history, BTC is rising rapidly, so the centralization of computing power is very serious. It can be seen from this picture that the first and second mines are ready to start 51%. Although it is said that 51% will destroy the whole network, which is not good for the mining pool, bitcoin is a place outside the law after all. Everything is guaranteed by mathematical formulas and algorithms, and credit is established voluntarily. In the face of huge profit temptation, it is inevitable that nothing will happen, or the confidence of the holders will be affected. This is not good for bitcoin

some people say that LTC will develop special mining machines sooner or later, so as to enter the era of centralization. I think there is a degree of problem. After all, it is a fact that bitcoin mines are seriously concentrated, and as long as the concentration of LTC is lower than BTC, the risk can be smaller

the second is the centralization of holding money. I don't have statistics of LTC holding currency here, but I have statistics of BTC holding currency. This centralization of holding money is appalling. This means that a very small number of people control the vast majority of the wealth of the entire network. Of course, some addresses belong to the exchange, but this is absolutely very serious differentiation. Here's the data: http://btc.ondn.net/search

and the centralization of computing power aggravates this situation: half of bitcoin has been g out and concentrated in the hands of a few people, and then the rest that has not been g out will also be g out by a few people (because of the concentration of computing power). The new people have no choice but to pay for it

although some people refute me that since BTC is valuable, it should be exchanged with legal currency. The problem is that when the existing BTC has been monopolized, the future BTC will also be monopolized, and the price is not set by the buyer. It's like everyone says that China's real estate is unfair. If the existing houses are controlled by a few "real estate uncle" people, The land development in the future is also tightly controlled by the Bureau of land and resources. Isn't it true that the common people have to pay for it, and how much they will pay for it is up to them

- the original attitude towards real estate changed when it came to BTC. Of course, the reason is that the bottom of the BTC holder determines the head. As if you bought a few suites, you will say that the real estate market is fair

by contrast, LTC has only g up a quarter of the total, and the computing power is relatively average. Any ordinary people can buy a graphics card to dig their own mines. At least the new LTC can be obtained at a relatively balanced price. From this point of view, if the overall value of e-money needs to be increased by 10 billion or even 100 billion US dollars in the future, then adding all of them to BTC will only lead to a few people becoming millionaires of 100 billion US dollars, which is obviously not the original intention of developing e-money< There is a serious problem with Nakamoto's BTC, which is that Nakamoto has more than 2 million BTCs. Now we are willing to believe that Nakamoto is a good man and a God, but how can we trust an indivial when we believe in mathematics and physics? On the premise of minimum trust, Nakamoto is also a mortal. If the market value of BTC is large enough, Nakamoto's goods will become a time bomb. Even if he doesn't drop the price, he becomes the God of the world and has the most wealth. Not to mention that some BTCs confiscated by the FBI will be auctioned sooner or later. This good thing that has contributed to the American people will be left to the people of the world

LTC does not have this problem. The history is very clean. We dig together and everything is open. When digging LTC, many players already have BTC experience, so the mining is relatively balanced at the beginning, and there is no private situation such as the founding team stealing. This has laid a good foundation for LTC.

4. Whether the gold silver ratio is applicable to BTC and LTC is a funny question, which just shows the ignorance of public speculators. Bitkin, Wright silver, said that this statement of the media is a manifestation of extreme ignorance

first of all, is the value of e-money related to the circulation? If the circulation of LTC is a quarter of that of BTC, is the value of LTC a quarter of that of BTC? If I issue a kind of NCC with brain damage now, with only one circulation, should the price be 9999999

it's just as ridiculous to anchor the issue volume as to compare the circulation of stocks. Money can only be valued by the total market value. It's meaningless to talk about circulation. As for the gold and silver ratio, it's a big laugh. The ratio of gold and silver is determined by the instrial value and output of gold and silver. Electronic money has no value other than monetary property, and there is no such thing as output and reserves. The output and reserves of money are only monetary units. If you don't understand this, you can go back to the furnace

moreover, BTC and LTC have direct exchange markets, and their proportion is the result of market game, which is the short-term optimal solution in itself. There is nothing to say. What the market says is what it says, which has nothing to do with the current market, let alone gold and silver

5. About Shanzhai coin

some people say that LTC is also a kind of "counterfeit" currency, which has no value. Some people think that with so many counterfeit coins, you can fry any one that is not. I think both views are wrong

first of all, BTC is an open-source e-coin, and the word "Shanzhai" itself contains a strong central idea in the minds of the Chinese people, hoping that an Immortal Emperor or Nakamoto congda God has made a kind of immortal coin, and the others are all from "Shanzhai". In the open source world, everyone has the right to make money. Any money is "counterfeit" money. Bitcoin was worthless before, and its value was given after the market recognized it. As long as another currency can also be recognized and accepted by the market, it is reasonable to give it a market value, and the amount of market value given is also determined by the market, which may not exceed bitcoin

assuming that the long-term market is effective, excluding speculation, whether a currency can be given value by the market mainly depends on several factors (I personally think)

4. Are you going to dig after the mine disaster

5. ....

6. If you use the scrapped machine, you can't make a profit. The better the market, the more difficult the mining

8. In fact, the coins that can be g up every day are different. When L3 + first came out, it was able to dig one Wright coin every day. Now the computing power of the whole network has been greatly improved, and about 0.54 yuan can be g every day. It mainly depends on the comparison between your computing power and that of the whole network

9. The idea of blockchain technology can be traced back to 1991. In order to ensure that the timestamp file is not traced and tampered with, Stuart Haber and W. Scott stornetta, two scientists at that time, proposed a practical computing solution
the system uses block encryption chain to store time stamp files, and in 1992, Merkle trees was also included in the system. This new technology of grouping multiple documents into one block greatly improves the efficiency. Unfortunately, the technology was abandoned graally. The patent also lapsed in 2004, four years before the birth of bitcoin.

10. Speed
i5 high