Virtual currency BCC tutorial

1. Where there are any tutorials, there are tutorials are deceptive. Just buy a miner and dig according to the instructions. It's not as complicated as you think. Now mining needs professional mining equipment, not a mining software tutorial. Mining is a very professional thing, and the difficulty of mining is also high. If you don't understand, it is recommended not to mine, so as not to be cheated by some illegal pyramid schemes and suffer losses. It is suggested to go to bitcoin home to make up for the common sense of bitcoin
mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary.

2. BCC started mining at 20:00 on August 1, and separated from bitcoin's main chain in block 478559. Viabtc, China's mining pool, excavated the first BCC block, and then the next block 478560. Before the separation from the main chain, the data stored in the blockchain and the running software are compatible with all bitcoin nodes. After the separation from the main chain, it begins to execute new code and package large blocks. Thus, a new BCC blockchain is born, and BCC also begins to develop independently

at present, the BCC network has become stable, the block speed is basically close to an average of 10 minutes, and the computing power of the whole network is basically stable at 5% - 10% of that of bitcoin

generally, it is through mining or direct purchase on the trading platform!

3.

BCC mining and bitcoin mining are the same, the only difference is the dynamic mining strategy

when BCC was just born, it continued the mining difficulty of BTC. The miners lost money for mining out of belief. At the beginning of bitcoin's birth, they even proced a block within 12 hours. In order to ensure the stable development of BCC network, BCC adopted the strategy of dynamic adjustment of mining difficulty, which can ensure that the block speed of BCC can well adapt to the decline of computing power

BTC is a difficulty adjustment for every 2016 blocks, while BCC adds a rule of "if the MTP interval of the past six blocks is greater than 12 hours, the next difficulty will be reced by 20%". At present, the mining difficulty of BCC has been reced a lot, which is about 13% of that of BTC. BCC's current block speed is close to an average of 10 minutes out of a block

< H2 > extended data:

mining principle of BCC:

the previous life of BCC was bitcoin. Before the bifurcation, the data stored in the blockchain and the running software were compatible with all bitcoin nodes. After the moment of bifurcation, it began to execute new code and package large blocks, thus forming a hard bifurcation on the chain. At present, BCC is still a futures, which will be officially split into a new currency on August 1

security problems faced by bitcoin:

the first security threat of users comes from the user activated hard fork or uahf - all BTC holders who control their private key get an equal number of BCCs at the time of fork

that's the problem: there are many domestic trading platforms designed for bitcoin, but it should be noted that many investors use third-party transactions or unsupported software wallets, but the investors themselves do not control their private keys, so it is the third-party trading platform that finally receives the new currency. Some platforms will inform customers, while others will not

many investors have transferred their assets to the supported bitcoin wallet a few hours before the hard fork, while investors without independent wallets have to wait

there are many opportunities for phishing attacks or other malicious attacks, especially considering that most successful malicious attacks against bitcoin are focused on controlling private key or hacker exchange, rather than directly attacking currency. About the security of bitcoin, you can also add your own wechat seciot to communicate

BCC is very similar to BTC in technology, adding greater blocking and transaction replay protection, and the latter is in a new form of signature. Bitcoin cash transactions use a new sight_ Fork ID, which prevents bitcoin cash transactions from being replayed on bitcoin blocks

the new hash signature also brings additional benefits, such as the input value signature improves the security of hardware wallet and eliminates the second hash problem. In short, it is theoretically safer than BTC, and its purpose is to start and use faster and more convenient

However, BCC does face a major threat, that is, most attacks, that is, the security risk of a single entity acquiring more than 51% of the network processing power. At the same time, the common enemy shared by the two blockchains is interrupt attack. Most attackers use network interrupt to split the network to improve the probability of success

at the same time, partition network and network delay attack are threats. According to the latest research paper, for the so-called distributed network, it is easier than assumed, and 20% of bitcoin nodes are hosted in less than 100 IP prefixes

4. At present, bitcoin is the only reliable virtual currency. Bitcoin is a kind of virtual currency generated by the corresponding algorithm, which needs to use a large number of mining machines, that is, servers for mining. At present, only the virtual currency issued by the central bank is legal in our country, and the others are illegal
I hope I can help you. Thank you for your adoption.

5. The mining of virtual currency is a process of using computer hardware to do mathematical calculation for virtual currency network to confirm transactions and improve security. As a reward for their service, miners can get the Commission included in the transaction they confirm, as well as the newly created virtual currency. Mining is a professional and competitive market. The bonus is divided according to the amount of calculation
however, some Shanzhai coins are purely tools for developers and users to earn money. There are two main ways to make money by using virtual coins: one is mining. For example, if you want to obtain bitcoin, you must use a professional ASIC miner to mine (Avalon miner), and the bitcoin obtained from mining can be traded on the trading platform; The other is trading on the trading platform and making money by using the price difference

6. The following is an example of bitcoin Mining:
mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary
however, most of the new digital cryptocurrencies after 2016 do not need mining, and most of them use POS mechanism, and some of them are one-time mining, such as Ruitai.

7. You first go to the official website of virtual currency to have a look, and then you have to consider how large scale the investment in large mines is, and the income is also very huge. If you want to earn pocket money, you can download it to mobile phones or other computers to start mining.

8. Different virtual coins have different digging methods
coins with pow algorithm like bitcoin need professional miner to dig, that is to say, you need to buy miner first
as long as you hold the coin in your wallet as required, you can get extra token rewards
some dpos currencies, such as EOS, only super nodes can get rewards, but ordinary users can get rewards through pledge.

9. Mining is the most primitive "exploration method" to obtain digital currency. In essence, it is to solve a complex mathematical problem with computer. If blockchain is compared to a large account book, the block in which is a page in the account book, and all miners are bookkeepers, the process of mining is bookkeeping, and also to maintain the normal operation of the whole network
the process of mining is very simple. Take bitcoin as an example. Every 10 minutes, all the miners work out a math problem together. Whoever works out the answer first is equivalent to digging this block and getting the corresponding bitcoin as a reward. Mining equipment is the first to use computers. With the rising price of bitcoin, more and more people participate in mining. CPU mining has graally turned into a professional graphics card. In recent years, it has become a specific mining machine. This evolution is e to the problem of computing power. As I said just now, mining means "all miners work out a mathematical problem together." the higher the computing power, the stronger the hardware computing power and the faster the speed. Suppose that the computing power of the computer is 1, the computing power of the graphics card is 5, and the computing power of the mining machine is 100, then the mining efficiency of the mining machine is 100 times that of the computer, It's almost impossible for computers and mining machines to dig bitcoin together

warm tips: investment has risks, so we should be cautious in choosing. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
response time: April 2, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html