What does WAC mining mean
one of the ways to get bitcoin is that users download software from personal computers and then run specific algorithms to communicate with remote servers to get corresponding bitcoin
bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce
mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it is only hd6770, the computing power after "grouping" can surpass that of most users' single graphics card
and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the cost of hardware and other costs, there is a considerable expenditure in mining.
Suppose you understand the blockchain. To put it simply, the blockchain generates a new block every ten minutes to store all the transaction information in the blockchain. This block is equivalent to a network account book, which correctly time stamps all the transactions of the whole network in the past ten minutes. The question is who will build it? The "miner" on the blockchain is to compete for the bookkeeping right of a block in the past ten minutes. The rule of competition is to solve the sha256 problem while correctly bookkeeping. Who can prove that his computer has the fastest computing power can compete for the legal bookkeeping right of the block in the past ten minutes. This is the "mining" process. In the bitcoin blockchain, miners who dig mines can get certain bitcoin rewards. Therefore, miner's more essential function is "bookkeeper"
in his bitcoin white paper, Nakamoto describes in detail the process of establishing the credit system:
Step 1: in order to make the whole network recognize effective, every transaction must be broadcast to each node (node: miner)
Step 2: each miner node should correctly stamp each transaction in the ten minutes and record it in that block
Step 3: each miner node should compete for the legal bookkeeping right of this 10 minute block by solving the sha256 problem, and strive for the reward of 25 bitcoins (50 bitcoins every 10 minutes in the first four years, decreasing by half every four years)
Step 4: if a miner node solves the ten minute sha256 problem, TA will publish all the time stamped transactions recorded in the ten minute block of TA to the whole network, which will be checked by other miner nodes in the whole network
Step 5: other miners in the whole network check the correctness of the block's accounting (because they are also stamping the time stamp for accounting, but they do not compete for the legal block's accounting right, so there is no reward). If there is no error, they will compete for the next block after the legal block, thus forming a single block chain of legal accounting, That is the general ledger of bitcoin payment system - blockchain
generally speaking, each transaction must go through six block confirmations, that is, six ten minute bookkeeping, before it can be recognized as a legal transaction on the blockchain. The following is the accounting format of bitcoin:
so the so-called "bitcoin" is such a billing system: it includes the owner using the private key to make an electronic signature and pay to the next owner, and then the "miners" of the whole network stamp the account to form a blockchain Network)
if you want to learn more about blockchain information, it is recommended that you use Baijia, mustard circle and other popular B circle media. The amount and richness of information are more and better than those on the general network. If you want to ask technical questions, you can take a look at the links below, hoping to help you with the
Web links
to put it simply, blockchain is a new application mode integrating various computer technologies. Just treat it as a new technology. The network constructed by blockchain technology has the characteristics of "decentralization", "information tampering", "openness", "anonymity" and "security and reliability". These technologies can be applied in many fields, in short, it is very powerful ~
miner, a simple understanding is a more advanced computer, miner is to contribute to the blockchain network, you can regard miner as the guardian of blockchain
with mining machines, the blockchain network can operate normally. These mining machines are constantly doing calculations to provide computing power for the blockchain network. When the mining machine makes the correct calculation, the whole blockchain network will reward the mining machine with the corresponding digital currency. This process is called mining
if you also want to make a "contribution" to the blockchain, you need to download the mining system to start. Oh, let's have a look.
The national data link is a multi community interactive blockchain social platform based on gos Guojin · China Public chain, which guarantees the data privacy security of users by encrypting and authorizing the personal data in the personal space, and realizes that the personal data belongs to the indivial and the data value belongs to the indivial; Through data link to achieve information transfer, trust transfer, value transfer, to build a more secure and free new social platform for users
