The miner is flooded
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
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
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
1、 Steps:
1, the use of the pump needs to dig a pool out first, and put water on it
25000 mining troops in Sichuan: a flood cost hundreds of millions, most afraid of power failure and loneliness
these computing power are scattered along the Da River, a tributary of the Minjiang River. They inlge in the night of Dalate Banner in Ordos, and sleep soundly in a small city in Yili Kazakh Autonomous Prefecture of Xinjiang
today, bitcoin's total network computing power has reached about 30 billion hash collisions per second, equivalent to about 600 tianhe-2 supercomputers, and it is still growing at a high speed. " Wu Jihan, the founder of bitcontinent, wrote in the beauty of computing power
he preached a set of infinitely beautiful "computational aesthetics", but behind the aesthetics is the cruel computational world and interests. Mining is moving towards instrialization step by step and becoming a game of capital
at this time, decentralized mining machines and pools began to appear. They called themselves revolutionaries and wanted to change the extremely monopolized bitcoin world
"cloud computing power mining" is one of them
their way of playing is to establish a number of distributed mines and provide computing power leasing services with tens of thousands of real mining machines
"the current computing power is too concentrated, and some decentralized play methods are difficult to change the current pattern and ecology." Li Ke said
but the essence of blockchain is decentralization. The miners still have the belief that eventually the mining instry will be broken by the decentralized mining pool
this may be the only belief that keeps them going
how long will it take
"5-10 years, slowly nibbling at the giant's territory." Li Ke said
but will giants wait for the revolution? Will they fight back
the battle of computing power and the spark of revolution have just been ignited
source; Sina Technology
magma is the same way