What kind of money is mining now
mining refers to the use of bitcoin mining machine to obtain bitcoin, that is, the computer used to earn bitcoin. If you can get bitcoin, you can make money this kind of computer generally has professional mining chips and works by installing a large number of graphics cards, which consumes a lot of power. The computer downloads the mining software and then runs a specific algorithm to get the corresponding bitcoin after communicating with the remote server
precautions:
1. It's better to use DIY mining machine, from purchasing accessories to assembly, and then to mining software, to learn, focus, practice and graally understand the blockchain
Mining is actually a fixed investment process: regardless of the currency price, a certain amount of positions will be increased every day3. The bitcoin wallet used to store bitcoin uses military level encryption, which makes it impossible for hackers to steal easily. Bitcoin wallet also allows users to set two passwords, a public account password and a private password. The user of public account password is to let the user receive bitcoin. If users want to withdraw or transfer bitcoin from their accounts, they need to use a private password
Some new virtual digital coins can be mined by computer, such as eth, Zec, Monroe, XRB, etc
because the whole network computing power required by this kind of token is not high, the probability of hash collision of the computing power of personal computer can find out the answer in a short time, so as to obtain the block reward. However, this kind of token generally has little value, or has no high risk, so it doesn't mean much
extended data:
mining risk:
1. Electricity charge:
to make the graphics card full load for a long time, the power consumption will be quite high, and the electricity charge 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
2. Hardware expenditure:
mining is actually a competition of performance and equipment. Some mining machines are composed of more such graphics card arrays. With dozens or even hundreds of graphics cards, the cost of hardware and other costs is very high, and mining has a considerable expenditure
in addition to the display card burning machines, some ASIC (application specific integrated circuit) professional mining machines are also put into the battlefield. ASIC is specially designed for hash operation, and the computing power is quite strong. Moreover, because their power consumption is far lower than that of the display card, they are easier to form scale, and the power cost is also lower. It is difficult for single chip display to compete with these mining machines, This kind of machine costs more
3. Currency security:
the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but the frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin
4. System risk:
system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income
however, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners
first of all, we need to download ITGC's wallet client. We can search eppool, Download professional mining tools, and now support PC's win, Linux, MacOS's CPU and graphics card mining, as well as Android mobile phone mining! The second step is to download the official wallet client. After downloading and installing, we start ITGC wallet. Step three, start mining Mining command] enter go and enter to start your mining journey. It's so simple! It's amazing!
According to the exchange rate on January 6, 2020, 1 pound = 9.1143 yuan, 1 yuan = 0.1097 pound, 500 pound = 4557.15 yuan sterling was issued by the Bank of England, which was founded in 1694. The unit of secondary currency was shilling and pence. One pound was 20 shillings and one shilling was 12 pence. On February 15, 1971, the Bank of England implemented a new currency carry system. The unit of secondary currency was changed to new pence and one pound was 100 new pence the banknotes in circulation include 5, 10, 20 and 50 denominations of pounds, 1, 2, 5, 10, 20 and 50 new pence and 1 and 2 coins extended data: Britain formally adopted the gold standard system in 1821, and the pound became the standard monetary unit of the United Kingdom, containing 7.32238 grams of pure gold per pound. When the first World War broke out in 1914, Britain abolished the gold standard, stopped the circulation of gold coins, and stopped exchanging gold
however, mining needs a large investment, which is no less than 10000 yuan. If you are lucky, you can get back the capital in one year, but if you are not lucky, you can't get back the electricity bill. Besides mining, you can also try to crack bitcoin.