Service life of bitcoin miner

1. The normal life of the mining machine is hard to say, because the bitcoin mining machine is updated too fast, and the growth of computing power in the whole network is amazing. Now S3 mining machine has been in the low-end mining machine, energy consumption is too high, income is not high. The ant S5 mining machine has come out.

3. Bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. 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 money 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

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: November 30, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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4.

How to dig bitcoin:

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first, download a bitcoin e-wallet from the Internet. It should be noted that the wallet is very large

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finally, fill in your miner's information in your mining tool. User name should fill in the miner's name. Remember to add the miner to your email in the form of your registered account

5. It's hard to say. If the currency price continues to fall, the miners generally lose confidence in bitcoin, and the mining income is seriously lower than the mining cost, then a large number of miners will stop mining, and the computing power will drop sharply. In addition, because the major countries in the world adopt a more stringent attitude towards bitcoin, such as China and the United States, bitcoin's computing power may also drop sharply, or even disappear

but bitcoin mining as an infrastructure, if bitcoin can continue to exist, although the income of mining is reced, for the security of the whole bitcoin network system, some big bitcoin companies may invest in mining to maintain the security of bitcoin network system. In addition, the future of bitcoin will become more clear and bright. Bitcoin's computing power will not decrease, but will increase.

6. The use of bitcoin is generally related to the quality of mining machines and the growth of computing power of the whole network. Of course, it is also closely related to the electricity price

generally, the service life of mining machines is the whole network, and the relationship between computing power growth is the biggest, because the updating speed of mining machines is amazing. If you can't keep up with the cutting edge of the times, it's very difficult to make profits by using the old mining machines. Naturally, this kind of mining machine will be eliminated, short days, long months, but the general mining machines are rarely used for a year

of course, if the quality of the miner is OK, it will be OK to use it for one or two years

if your electricity price is low or free, then your mining machine will have a long service life, because a large amount of mining consumption is electricity

of course, it is only related to the price of currency. If the price of currency is high and profitable, the life of mining machinery will be delayed, and if the price of currency remains low, the mining machinery will be eliminated quickly.

7. Bitcoin speculation is quite fierce, and the risk is still great

8. This kind of coin is becoming more and more difficult to dig and consumes a lot of electricity
because his algorithm determines that the later the algorithm is, the greater the amount of computation, and the greater the power consumption
the first group of people who g up mines, because it was easy to dig out coins and the currency value was not high, a hamburger needed thousands of coins
now, however, he has been given too many concepts. Global demand has been triggered. Supply is far less than demand, which has triggered a mining boom. The price of RMB is also linked with the mining cost
in view of the increasing cost of mining, the price of RMB is also higher and higher
the power of computing machines is also increasing, which consumes a lot of energy. Many places restrict this kind of "invalid" power consumption, which shows that it accounts for a large proportion
this kind of global game is really very difficult and the cost is not small.