Old video card mining
Through a specific program and algorithm, using the computer graphics card calculation rate, a large number of calculations are carried out in the selected mine pool to generate data packets
In short, mining is the use of chips for a random number related calculation, get the answer in exchange for a virtual currency. Virtual currency can be exchanged for the currency of each country through some way. The stronger the computing power, the faster the chip can find this random answer. Theoretically, the more virtual coins can be proced per unit time. Because it's about random numbers, you can only get rewards if you happen to find the answer
In his paper, Nakamoto stated:"in the absence of central authority, it not only encourages miners to support bitcoin network, but also enables bitcoin's currency circulation system to have the initial source of money injection."
Nakamoto compares the generation of bitcoin by consuming CPU power and time to the consumption of resources by gold mines to inject gold into the economy. Bitcoin mining and node software mainly initiates zero knowledge proof and verification transactions through peer-to-peer network, digital signature and interactive proof system
each network node concts broadcast transactions to the network. After these broadcast transactions are verified by miners (computers on the network), miners can use their own work proof results to express their confirmation. The confirmed transactions will be packaged into data blocks, and the data blocks will form a continuous data block chain
Nakamoto himself designed the first version of bitcoin mining program, which was later developed into the first generation of widely used mining software bitcoin, which was popular from 2009 to mid-2010
each bitcoin node will collect all the unconfirmed transactions and gather them into a data block. The miner node will add a random adjustment number and calculate the SHA-256 hash value of the previous data block. The mining node tries again and again until it finds the random adjustment number so that the hash value is lower than a specific target
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at the earliest, bitcoin miners were mining through Intel or AMD CPU procts. But because mining is a computing intensive application, and with the continuous improvement of mining number and equipment performance, the difficulty graally increases, now using CPU mining has no profit or even loss
as of 2012, since the first quarter of 2013, miners graally began to use GPU or FPGA and other mining equipment [5]. At the same time, a large number of ASIC devices were launched in mid 2013
since July 2013, the computing power of the whole network has shown a straight-line rise e to the large number of ASIC equipment put into operation. Based on the average computing power in July 2013, all CPU mining equipment has been unable to generate positive revenue, and FPGA equipment is close to no revenue
according to the estimation of average computing power in September 2013, the existing small ASIC mining equipment developed for indivials will also be close to no positive revenue in the next 1-2 months. A large amount of computing power is monopolized by cluster ASIC mining equipment with 5 th ash / s or more. Because of no profit, indivial mining is almost squeezed out of mining groups. Some bitcoin miners have raised funds to build machine rooms and install a large number of mining equipment in places where low-cost electricity can be obtained
in order to save the cost of mining, some bitcoin miners make mining programs into malicious programs to infect other people's computers on the network to mine for themselves
secondly, the computer needs to be running all the time and can't be turned off for mining, which requires a lot of computer. It is harmful for each part to do a lot of calculation for a long time, and it also requires high power supply for the computer
mining can't be powered off, and it needs to be recalculated after power off. Graphics card long time to do a lot of calculations will lead to greatly shorten the life of the graphics card, so their own home, do not recommend mining, mining is not as expensive as electricity
How long can video card mining last? How many hours is the working life of graphics card mining? For this problem, first of all, the score is clear in two cases, one is the use of new graphics card, the other is the use of old graphics card, the working life is naturally different. If you buy Mining host configuration used graphics card, working life is not easy to say
However, it is worth mentioning that digital currency trading has been closed in China, so users who want to mine should be cautiousthe above is a brief introction of "graphics card mining life"! Hope to help you
The life of the graphics card is the same as that of the general electronic components, which is 6 to 10 years< br />