Origin pool
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
mining is perhaps one of the most important components of the bitcoin ecosystem. Miners need to solve complex mathematical problems, so as to ensure the smooth implementation of the transaction. These problems are so complex that they are difficult to solve even for extremely powerful computers. Computers need work and luck to solve these mathematical problems, just as miners dig underground. The chance of solving this problem correctly is about one in 13 trillion
bitcoin mining has two purposes. Firstly, by solving mathematical problems, bitcoin miners can verify the transaction information, so as to ensure the security and reliability of bitcoin payment network. Miners are the people who ensure that transactions are accurate and that there is no "double payment."
Secondly, when the computer solves these complex mathematical problems on the bitcoin network, the system will generate new bitcoin, which is similar to the process of mining gold from the ground. The reward is called "block reward", and after the event called "halving", its amount will be periodically halved. The newly discovered concept of bitcoin is an important part of bitcoin protocol. The bitcoin obtained by the miners is brand new and has never been in circulation beforesince miners will eventually sell the bitcoin, it is also an important source of supply and liquidity. As chainalysis reports, many digital currency exchanges rely on miners to receive bitcoin and increase their liquidity. Typically, exchanges get about 88% of bitcoin from other exchanges, and bitcoin miners are the largest source of the remaining percentage. As you can imagine, there is fierce competition between exchanges to receive bitcoin directly from miners
further enlarge the map, most of the mining activities are only carried out in four provinces, the first two provinces are Xinjiang and Sichuan, accounting for nearly half of all bitcoin mining in China. Electricity prices are cheap and the weather is cold in these areas. This helps to keep mining profits and equipment cool ring the 24 / 7 operation and maintenance period of bitcoin mining
but this is nothing new for digital currency issuance. For many years, China has been a major market for bitcoin miners e to its cheap electricity and abundant resources. Bitmain, f2pool and Canaan are all located in China
whether this is a negative or positive message depends on your point of view. But for decentralized, distributed, unlicensed networks, geographic regions across multiple entities are more healthy for the entire ecosystem
because those who come in after mobile phone mining will be cut leeks
precautions:
1. In the past two years, various myths about blockchain "overnight wealth" have been constantly staged, and "mining" cryptocurrency has become a new trend of wealth, and mobile phone mining is becoming more and more popular
2. There will be special mining machines for real mining. After all, every mining machine is not cheap now. Mobile phone automatic mining can be obtained at a very low price. What you dig is not bitcoin. Basically, the counterfeit coin you send is not worth money. At that time, you will still be cut leeks
2 in 1998, Wei Dai's paper elaborated an anonymous and distributed e-cash system: B-money. At the same time, Nick Szabo invented bitgold and put forward the workload proof mechanism. Users solve mathematical problems competitively, and then publish the results in series with encryption algorithm to build a property rights authentication system. Hal Finney improved the mechanism as a "reusable workload proof"
3 on the basis of previous work, in 2008, the little-known "Nakamoto Tsung" published "bitcoin: a peer-to-peer cash payment system" in the cryptography mailing list of metzdowd.com. On January 3, 2009, bitcoin network was born, and Nakamoto himself released the first version of open source bitcoin client
since then, the monetary history of mankind has opened a new page.
Micro mining machine is a kind of mining machine, which is a computer used to earn bitcoin. This kind of computer generally has professional mining crystal, and works in the way of burning graphics card, which consumes a lot of power. One of the ways to get bitcoin is that users download software from personal computers and then run specific algorithms to communicate with remote servers to get the corresponding bitcoin
functions of mining machine:
mining machine is one of the ways to obtain bitcoin Bitcoin is a kind of network virtual currency proced by open source P2P software. It doesn't rely on a specific currency institution to issue, but is generated by a large number of calculations of a specific algorithm. It uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions economically
The decentralized feature and algorithm ofP2P can ensure that the currency cannot be manipulated by mass proction. Any computer can become a mining machine, but the profit will be relatively low, and there may not be one in ten years. Many companies have developed professional mining machines, which are equipped with special mining crystal. They are tens or hundreds of times higher than ordinary computers
extended data:
types of mining machine:
1. CDN mining machine
with the emergence of Xunlei game cloud, a new mining machine, called CDN mining machine, appeared. This miner, because it doesn't need too strong performance, is just a router or TV box. Thunderplay cloud uses a unique consensus mechanism, not by contributing computing power, but by contributing network bandwidth and storage space
2. FPGA miner
FPGA miner, it is a hardware base plate, equivalent to a piece of white paper, what kind of function you want to achieve, write what kind of program to it. Compared with ASIC, the chip designed for specific purpose is much more flexible
3. Cloud miner
cloud miner is relative to local mining, which can be compared with the relationship between network disk and local hard disk. In short, you can use other people's mining machines remotely through the network instead of mining machines. It can be said to be a cloud application or a rental hosting service
source of reference: network mining machinery
I think the first step is to make sure that your parents are not deceived, because parents may be better at communicating. Then work with your parents to stop your uncle
I think you can find one or two professionals to teach your uncle, such as your teacher, and you can also find the content of online rumor refutation.
the birth of etc: etc originated in Germany, which is one of the most mature and developed countries in the world trade, and also the first country to recognize and use bitcoin. In the future, the prevalence of global virtual currency is an inevitable trend. Germany took the lead in recognizing the legal status of bitcoin, and also timely launched the global plan of etc. Now, global economic integration is an inevitable trend, and the barter instry will graally extend to every corner of the world, so the e-coin was born under this inevitable development trend
issuance of ETCS: from 2014 to 2017, a total of 13.5 million ETCS were issued to the world, including 7.2 million in the first year, 3.6 million in the second year, 1.8 million in the third year and 900000 in the fourth year. The total number of issues per year is distributed on an average of 360 days (of which no issue is made on December 27-31 of each year). The circulation in the first year is 2000 / day, 1000 / day in the second year, 500 / day in the third year and 250 / day in the fourth year. Due to the limitation of the total amount and the continuous rection of the quantity, with the increasing demand of e-coin graally entering the barter platform in the future, it will lay the foundation for the destined appreciation of e-coin. According to the rough calculation of the total transaction volume of the global barter platform by the eoses experimental group, the highest price of e-coin will be stable at US $10000 and RMB 60000 to meet the demand of barter token circulation
mining of etc: etc is composed of 64 base encryption algorithm data, and each coin will be split into 3 decimal places at most, which exists and circulates with the Internet in the form of original code. Every coin needs a computer online to "mine" through the computing power of the computer to obtain e-coin. Because each e-coin has its own code composition, there is no possibility that the issuing institution has a large number of e-coins. Although there are issuing institutions, they are also among the nodes of the Internet all over the world. Moreover, "mining" is limited according to the fixed issuing time of e-coins, and no indivial or organization can obtain more than 51% of the e-coins, Therefore, it not only solves 51% of the risk, but also is a kind of decentralized currency. At the same time, the eoses experimental group issued the e-special currency under the supervision and management of the financial department, which relatively guaranteed the basis for the standardized and stable operation of the e-special currency. The total amount of e-coin issued every day is set, but it does not mean that the total amount of e-coin issued on that day will be mined out. E-coin is based on the sum of the computing power of all mining computers on that day to determine whether the amount of ore pool is mined out on that day. If the total amount issued on that day is not mined, it will be accumulated to the next day's total ore pool and mined together.