What are the benefits of bitcoin mining to society

1.

"Gold and silver are not money naturally, but money is gold and silver naturally." this is a sentence Marx said about money

How to understand? In fact, it is very simple that money is the inevitable proct of the development of human life. In the earliest stage, gold and silver were only used as a kind of metal or a kind of ordinary commodity to exchange things. However, with the development of society, people find that gold and silver are easy to separate, easy to preserve, easy to carry and other advantages, so the suitability of gold and silver as currency is reflected, and naturally evolved into currency

What about bitcoin

2.

No matter what form or state money exists in, it is something that everyone likes, and it has been like this from the beginning. When people establish the concept of private property, they proce the general equivalent as the certificate of exchange. And this kind of equivalent from the beginning of the shell, and then to copper, silver, gold, paper money and so on, and even a located in the Western Pacific Carol islands Yapu island using stones for trading

therefore, people who do not know much about bitcoin are advised to enter the market carefully. Bitcoin is not a hedge. Its price fluctuates greatly. People who speculate in bitcoin may get rich overnight or become poor overnight. And many countries do not recognize the legitimate utility of bitcoin, and some countries even explicitly prohibit the use of bitcoin. The above personal opinions are welcome to be criticized and corrected. Agree with me, please click like before you go, thank you! Like me, please pay attention to me, thank you again

3. Bitcoin can be sold on the platform, But now the price is very unstable
some time ago, the Chinese government issued relevant regulations
forbidding the Internet and other websites to use bitcoin trading
which led to a sharp drop in the price of bitcoin
the latest transaction price of bitcoin in China is 2908
this year, the transaction price hit 8000 on November 19
and fell to 4000 on November 21
this thing can't be played without deep wealth and big heart

4. Negative or positive. It's too early to draw a conclusion. Take bitcoin as an example. The generation of bitcoin depends on mining constructed by special algorithms. In other words, it is difficult to supply money on a large scale. With the development of Internet in the future, virtual currency such as bitcoin will be useful, provided that this kind of development is expected by today's people. Real money can be obtained by doing something valuable to the society, which is completely different from the generation and acquisition of virtual money. Other similar virtual currencies in China are almost all pyramid schemes with virtual concept and financial packaging.

5. Hello, questioner:
in the very early days, when the computing power of bitcoin was very low, the computer could also carry out a lot of calculations according to the algorithm to "mine" bitcoin

when users "mine" bitcoin, they need to search for 64 bit numbers by computer, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a group of numbers, they will get the bitcoin awarded by the block. However, e to the rising value of bitcoin, the number of users of bitcoin mining is very large. There are millions of professional mining machines mining at the same time, and the output of bitcoin is very limited every 10 minutes. As a result, tens of millions of people scramble for a block. Therefore, if you use personal computers to mine alone, you may not be able to grab a block in a whole year, People came up with a method of group mining, so the mining pool was born. There are a lot of users who play after mining
I hope you will adopt it.

6.

Computer mining is a bitcoin mining machine, which 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

7. Bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. Internet users can also use bitcoin to buy real goods
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. 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 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.

8. Bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin 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 bitcoin. Mining is a professional and competitive market. The bonus is divided according to the amount of calculation. Not all bitcoin users mine, and it's not easy to make money from mining
the popular point is to use the computing power of your computer to solve mathematical problems, and then give you a certain amount of bitcoin in return
bitcoin mining has gone through three stages, CPU, GPU and ASIC
. At present, bitcoin mining needs professional ASIC mining machine. At present, Avalon and butterfly laboratory are more famous mining machinery manufacturers in the market, but American butterfly laboratory likes to evade tickets. Avalon has proced the world's first ASIC miner. At present, Avalon's third generation chips have been put into the market, and avalon3 miner is about to enter the market.

9.

" Bitcoin Mining & quot; The concept of "gold mining" comes from the existing concepts in real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig

significance: compared with the special currency network, bitcoin mining is not only the basic guarantee for issuing coins, but also for maintaining the operation of bitcoin system; Behind every bitcoin mining activity is to create a new-type & quot; Note printing machine & quot

Bitcoin does not rely on specific currency institutions to issue. 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 transaction lines, and uses cryptography design to ensure the security of all aspects of currency circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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 scarcity