Is mining bitcoin reliable

1. If you make up your mind, mining is a good way. Then choose a mine pool and recommend the mine pool of okexpool. It has good support for mining machines. Now mainstream mining machines, such as ant mining machine, can do it. Log in to okex's official website and you can see the mining tutorial. In addition to mining, you can also go to the okex trading platform to buy bitcoin through the trading of the platform, which is more convenient and fast.

2. At present, there are rental cloud computing power and mining machinery rental! Generally speaking, we should look at the official website, proceres and modes. And whether there is a mine! You should be talking about Xingyun mine, not Xingyun miner!

3. The model proposed by Nakamoto is based on ideal assumptions. Of course, many academic models are like this. When they are tested in reality, they often encounter various practical challenges. I haven't read Nakamoto's paper in detail, but speculation should not be considered.

4. Bitcoin mining has formed a huge instry in the world, and it is difficult to dig bitcoin again with ordinary computers. Therefore, it is better for building owners to buy professional bitcoin ASIC mining machines and join the mining pool for mining
bitcoin mining machine market has a high threshold and deep water depth. It is recommended to be cautious. Building owners can buy bitcoin mining machines on professional platforms such as 58btc. At present, the mainstream mining machines in the market are ant S9 and Avalon mining machines. It is said that the expected limit of S9 mining machine and silicon chip is 7 / 10nm, which can be g for a very long time and obtain high profits.

5. The price of bitcoin has gone up abruptly, and the old miners who left the mine have begun to return. Many new people have also poured into the mining instry. However, the price has gone up, and the difficulty of mining bitcoin is also rising. How can we make money from mining now
- - talking about the mining cost of bitcoin -
the first thing to consider is the cost if you want to make money. If the profit is greater than the cost, it is worth doing. We all know how much bitcoin costs, so let's calculate the cost
1. Mining machine cost: the "number" of bitcoin is a problem-solving process, which can't be calculated by human brain alone. Therefore, mining people need to buy mining machines and keep calculating. The more mining machines, the stronger the computing power
2. Electricity charges: mining machines are big consumers of high power. How much electricity does it consume? Let's put it this way. At present, the electricity consumption of bitcoin and Ethereum mining has surpassed Jordan, Iceland, Libya and other small countries, ranking 71st among all countries and regions in the world. You want to cry when electricity is expensive
3. The rent of the place where the mining machine is placed: because the mining machine consumes a lot of electricity, the power supply load of ordinary residential buildings can not be guaranteed at all, so the mining must rent a commercial site separately, and the rent is much more expensive than that of ordinary residential buildings
4. Operation cost: in order to ensure the computing power, the high-power mining machine needs to work 24 hours, which requires someone to maintain it at any time. When the mining machine is in trouble, the cost of hiring someone is required; At the same time, the mining machine is very delicate. If it is too hot or too cold, the vegetables will be stopped. Therefore, the measures of cold air and cold water insulation are needed to help the mining machine run. This is another expense
5. Mining machine update cost: because bitcoin is becoming more and more difficult to dig, the machine that was able to dig a month ago may not be able to dig anything today, and the market will also launch mining machines with greater computing power. The original mining machine is not worth money immediately. If you want to maintain computing power, you need to buy mining machines again
the above bitcoin mining costs all have a marginal effect, that is, the larger the volume is, the lower the corresponding cost will be. Therefore, some super large mines have been built
bitcoin g in the mine will enter the mine pool and be distributed by all participants. Large mines will be built in places where labor and electricity are cheap, such as Venezuela, the legendary miner's paradise, or Iceland, where the climate is favorable and electricity is cheap
as for the cost, everyone will be different. Let's take a look at an average: in 2017, according to the data of elite fixtures, a research institution, Venezuela is the cheapest of 115 mining countries, which is 513 US dollars, while South Korea is the most expensive, which is 26170 us dollars
China's mining cost is US $3172, which is relatively low among 115 countries. However, the cost is an average value. Large mines with low electricity prices must be much lower. If you are a lone ranger, the cost will rise sharply
in a word, if you really want to make money by mining, first of all, unless you are rich enough to build a mine with thousands of machines, you'd better join a mine to dig together. Although you have to share the money, it's still appropriate in the long run because it can greatly rece costs and improve computing power
secondly, whether you dig by yourself or join the mine, you must choose the place with low electricity cost, and the city with abundant hydropower resources is preferred, because hydropower is the cheapest source of power generation in China at present.

6. Rent is OK,

is to find a good owner, online is not very reliable,
it is better to engage in mining machinery

7. This will certainly be affected. The economic position will affect the conversion of the entity and the digital currency. The speed of devaluation will be the same as that of devaluation.