How to use the Arctic chain miner

1. bitcoin is a digital currency based on a specific algorithm. < blockquote >

bitcoin is equivalent to digital gold. As a generally recognized equivalent, gold naturally has monetary properties and has been regarded as a kind of currency since ancient times. Bitcoin was born in 2009 and created by a person named Nakamoto. As the earliest digital currency, it was worthless at the beginning of creation. Until 2017, the highest transaction price of bitcoin exceeded 30000 RMB. The reasons why bitcoin became a valuable digital currency are as follows:

first of all, it is like gold, as a natural mineral, The total amount of bitcoin is limited. Bitcoin can not be over issued according to its own algorithm, so there will be no rapid devaluation of currency e to excessive currency issuance. The number of bitcoin is controlled to no more than 21 million e to the algorithm, so it can not be issued in large quantities, so its value is guaranteed

2. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
mining machine is a tool for procing and mining bitcoin

3.

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

< H2 > extended materials:

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

4.

It's a scam. Many Internet enterprises and network security enterprises believe that illegal "mining" has become a serious network security problem

with the rise of "cloud mining", the virtual machine has become the main use object of digital currency such as Monroe coin and Eli coin, and the situation of embezzling cloud computing resources for "mining" has also increased significantly; Security team monitoring found that "competing for mining machine" has become one of the important purposes of Botnet expansion; And found a new type of "mining" virus (mining XmR / Monroe), the virus spread wildly in two months, illegal "mining" profits of nearly one million yuan

extended information:

from a commercial point of view, the business model of mining can walk out of a "healthy road". As long as the "incentive money" is lower than the average cost of new users in the market, the business model will be reasonable and feasible

however, if the platform tempts users to participate with "no capital, no profit", it is worth being vigilant. The so-called "mining" opportunity provided by the platform is likely to be "digging a good hole" waiting for you to jump in

5. blockchain: This is a decentralized distributed accounting method. Its working principle is: A and B initiate a transaction. A first initiates a request to create a new block, and the block will be broadcast to all users in the network. After all users verify and agree, the block will be added to the main chain, which has permanent and transparent transaction records, A global account, everyone can find

mining machine: it is a 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. In the early days of bitcoin, ordinary personal computers could also find bitcoin

Mining: this mining is not mining in the traditional sense. It refers to indivials or organizations using mining machines to obtain bitcoin<

Mining pool: after all, the ability of indivial mining is limited, so some people come up with the idea that everyone can work together to mine, which can not only improve the mining speed, but also save the mining time. The bitcoin g is allocated according to their respective contribution proportion. Generally speaking, it is a mining team with many people, great calculation power and great strength

computing power: in the process of getting bitcoin through "mining", we need to find its corresponding solution M. for any 64 bit hash value, there is no fixed algorithm to find its solution M. we can only rely on computer random hash collisions. How many hash collisions can a mining machine do per second is the representative of its "computing power"

the above is the basic knowledge of digital currency. Next, we will answer the questions about GEC currency. GEC uses cloud computing, so players don't have to buy mining machines to mine

1. How to fill in paypal and BTC wallets when registering

A: Please fill in none of the two, or 1. At the same time, please open the registration link in the browser

2, how to obtain the mining machine

A: users can get a mining machine free of charge if they register and pass the real name authentication. 2.1 GEC coins are proced in 2 months

3, how can we get GEC

A: after the running time of the mining machine is over, log in to my mining machine for settlement, and you can get GEC currency

4. How can GEC be realized through trading

A: in the personal trading center, you can sell GEC, which is matched by the platform. Due to the constant output, the price will continue to rise in the future. If you want to sell GEC, please think twice.

6. Existence is reasonable. Any instry can make money. In recent years, blockchain has been very popular, and there is still a lot to be done. Now I use ewacould mining machine, which is quite good

7.

Although many investors know nothing about bitcoin mining, they still can't resist the temptation of bitcoin price and plan to invest in the mining army. So if you also want to mine, I believe you will have a question in your heart: "what is a bitcoin miner? What is the principle of bitcoin mining machine? " To solve this problem, let's remember some popular science today

origin of bitcoin

to fully understand the origin of bitcoin, we have to mention the existing financial system

bitcoin mining machine specially used for mining. The popular digital currencies in 2013 include bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, BBQ coin and prime currency. At present, hundreds of digital currencies are issued all over the world

with the orderly implementation of cashless society, banknotes will inevitably disappear in the long river of history with the passage of time. The future digital currency is believed to be similar to bitcoin, but it is by no means a limited supply. But when the human ability to proce wealth can be completely matched by the computing power of the computer, the issuing speed of e-money is directly proportional to or slightly exceeds the computing speed of the computer to create moderate inflation. In the future, while mining, it is also creating value rather than wasting electricity. In the end, the small changes in proctivity of digital currency match the difficulty of computing power, which may be the final form of human currency