Who put forward consumption mining

1. 1. What does mining mean
ancient mining can be traced back to the selection of stone materials in the stone age. Later, with the rise of the metallurgical instry, mining, mineral processing technology has graally developed. This paper introces the ancient Chinese open-pit mining, underground mining, roadway support, rock fragmentation, roadway ventilation, lighting, drainage, transportation, mineral processing and other aspects< There are many surface outcrops, slope deposits or resial deposits in open-pit mining of various metal veins or orebodies, so open-pit mining has become an important mining method in ancient times. Open pit mining can be divided into excavation method and reclamation method
2. Mining is the synonym of accumulated income for activities in bitcoin

mining is brought out by the recent popularity of bitcoin. As a virtual currency, bitcoin can be exchanged for real currency. One of the ways to get bitcoin on the Internet is to participate in related activities every day. These activities, like mining in online games, need to slowly accumulate wealth in exchange for bitcoin.

2.

The concept of bitcoin was founded by Nakamoto

On December 12, 2010, when bitcoin graally became a hot topic, he quietly left and disappeared from the Internet

As a descendant of samurai, Nakamoto was born in 1949 in Beppu, Japan. His mother, quanzi, was a Buddhist and brought him up in poverty

When his parents divorced in 1959, Nakamoto's mother remarried and immigrated to California with her three sons. Nakamoto and his stepfather don't get along well, but according to his younger brother Arthur, Nakamoto showed his talent in mathematics and science when he was very young, but also showed his "fickle and strange interest"

Nakamoto graated from Caltech, majoring in physics. Upon graation, he joined Hughes Aircraft and worked in defense and electronic communications. Later, Nakamoto worked for the U.S. military, and his experience was classified as a state secret. Now searching his files, his life is a blank

In 2008, in an e-mail group discussing information encryption on the Internet, he published an article outlining the basic framework of the bitcoin system. In 2009, he established an open source project for the system, officially announcing the birth of bitcoin. On December 12, 2010, when bitcoin graally became the climate, he quietly left and disappeared from the Internet

3. Cheat, pay money into the member first, dig the mine can't trade, can't withdraw cash, I am cheated

4.

Bitcoin mining is a process that uses computer hardware to calculate the location of bitcoin and obtain it

mining is an incentive process to record data in the bitcoin system. In the bitcoin system, indivial users have the right to pack blocks after calculating a specific hash value by using CPU or GPU to hash

and in order to reward this user for packing blocks, the system will give a certain amount of bitcoin as reward. Because this process is very similar to "mining" in real life, most people call this process mining. In addition to bitcoin, other electronic virtual currencies can also be obtained through mining rewards, such as Ethereum, Monroe and so on

extended data:

mining risk:

1, currency security

the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin

2, 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

5. It's all deceitful! Don't easily believe such profitable advertisements or information!

6.

Bitcoin is actually a virtual currency. When bitcoin first appeared, if you want to get bitcoin, you have to get bitcoin through mining. Therefore, bitcoin mining appeared. But bitcoin mining is more and more difficult, so it is very difficult to get bitcoin now

so now many people use Haru miner digs Ethereum, Monroe and other virtual coins. Most importantly, BTC can be directly equivalent in the end

7.

Coin circle mining refers to that miners use mining machines, consume electricity, calculate algorithm problems (solve the problem of workload proof mechanism with a certain workload to manage bitcoin Network - confirm transactions and prevent double payment), work out standard answers (obtain the right to generate blocks and successfully generate new blocks), And the process of getting a certain amount of monetary reward (bitcoin)

each person (network node) carries out broadcast transactions to the whole village (Network). After these broadcast transactions are verified by the miners (computers on the network), the miners express their confirmation with their own algorithm answers (work proof results), and the confirmed transactions will be packaged into a data block (one page ledger), Data blocks are strung together to form a continuous chain of data blocks (the whole ledger)

when a person (node) finds the algorithm answer matching the requirements, it can broadcast its results to the whole network. Others can receive the new data block and check whether it is qualified

if other people find that they really meet the requirements (the calculation target required by bitcoin) through calculation, then the page ledger (data block) is valid, and other people will accept it, and correspondingly they will get a certain reward

mining capacity

every time a miner successfully records a page of account book, a certain number of new bitcoin will be born to encourage successful bookkeeping

the bitcoin system determines the number of bitcoins issued according to the preset rhythm of Mr. Nakamoto

in addition to mining rewards, miners will also receive handling charges

since miners can decide whether to package a certain transaction data into a data block, miners may give priority to the transaction with higher handling charge

8. Let me explain Mining: mining is the 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

now the profit margin of mining is very low, the currency price continues to be low, mining is graally becoming centralized, and retail Mining has graally withdrawn from the stage of history.

9. Soon after the quantum computer comes out, bitcoin will be worthless