Lucky coin mining
mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system
bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes
then the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer
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to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network
if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes
by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />
The most advanced bitcoin mining machine, one to two years to dig out a bitcoin, bitcoin mining is now too difficult. If you want to dig, you can dig ether currency. Now it is steadily appreciating every day. According to the current development trend, it will be able to recover its capital in about seven months, and then it will be profitable< br />
You can't dig in a day. It takes 2000 years
the global unified computing difficulty of bitcoin is 2621404453 (expected to change in two days). It takes more than 2000 years for a 2.5GHz CPU to work out a bitcoin
in order to make the graphics card fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. Many professional mines at home and abroad are operated in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even in a certain residential area in Yunnan, there was a case of crazy mining, which led to a large area trip of the residential area, and the transformer was burned
extended data:
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system
bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer
when bitcoin was born in 2009, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. 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 about 21 million
secure payment. Qwc has no pre excavation and ICO, and adopts cryptonight algorithm (supporting mainstream mining machine X3 and A8 +) POW mining.
I hope I can help you. Thank you for your adoption.
mining machine: it is a 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. In the early days of bitcoin, ordinary personal computers could also find bitcoin
Mining: this mining is not mining in the traditional sense. It refers to indivials or organizations using mining machines to obtain bitcoin<
Mining pool: after all, the ability of indivial mining is limited, so some people come up with the idea that everyone can work together to mine, which can not only improve the mining speed, but also save the mining time. The bitcoin g is allocated according to their respective contribution proportion. Generally speaking, it is a mining team with many people, great calculation power and great strength
computing power: in the process of getting bitcoin through "mining", we need to find its corresponding solution M. for any 64 bit hash value, there is no fixed algorithm to find its solution M. we can only rely on computer random hash collisions. How many hash collisions can a mining machine do per second is the representative of its "computing power"
the above is the basic knowledge of digital currency. Next, we will answer the questions about GEC currency. GEC uses cloud computing, so players don't have to buy mining machines to mine
1. How to fill in paypal and BTC wallets when registering
A: Please fill in none of the two, or 1. At the same time, please open the registration link in the browser
2, how to obtain the mining machine
A: users can get a mining machine free of charge if they register and pass the real name authentication. 2.1 GEC coins are proced in 2 months
3, how can we get GEC
A: after the running time of the mining machine is over, log in to my mining machine for settlement, and you can get GEC currency
4. How can GEC be realized through trading
A: in the personal trading center, you can sell GEC, which is matched by the platform. Due to the constant output, the price will continue to rise in the future. If you want to sell GEC, please think twice.