Why is buying graphics card mining
A graphics card, a software that can earn bitcoin. Inject new bitcoin (data hashing) into the whole bitcoin market, and then the market will have a certain incentive mechanism (allocate bitcoin to you in proportion). Because if you don't get it, no one will do it, just like your computer is a miner, and bitcoin is the reward
mining, in fact, is to use graphics card to dig bitcoin
bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
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 the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography 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
bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items
Graphics card mining is a process of increasing the bitcoin money supply
the reason why the graphics card is used is that mining is actually a competition of performance and equipment. The mining machine is composed of graphics card array. With dozens or even hundreds of graphics cards, the cost of hardware and other costs is very high, and there is a considerable expenditure in mining
computers have professional mining chips, and most of them work by installing a large number of graphics cards, which consumes a lot of power. One of the ways to get bitcoin is to download mining software and then run specific algorithm to communicate with remote server to get corresponding bitcoin
this sentence has a warning effect on enterprise users (large-scale mining machine digs virtual token), manufacturers Sue enterprise users for better benefits, and indivial users Sue time-consuming and laborious, and the impact is not good. In addition, there is also a thick black interpretation that manufacturers printed this sentence in order to boost the momentum of mining and card speculation, so as to make their profits higher.