The role of mining
mining is the use of bitcoin mining machine, which is used to earn bitcoin
one of the ways to get bitcoin is that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server
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's only hd6770, can surpass the single graphics card of most users
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 hardware price and other costs, there is a considerable expenditure in mining
bitcoin mining process:
1. To find the ore pool
to start mining, there must be a ore pool with convenient operation and stable output. Its function is to subdivide the data packets for each terminal, and pay the corresponding amount of bitcoin according to the proportion of the data packets calculated by the terminal through precise algorithm
2. Download bitcoin miner (software)
in fact, there are many kinds of this miner, you can go to the official website to download
3. Setting mining software is a green software. After installation, we can set the language first to facilitate further setting. Next, you need to set the server, user name, password, equipment and so on. Generally, the server chooses a better network from BTC guide series, and the user name and password are set by ourselves before
4, bitcoin mining start
when we confirm that all settings are correct, click the "start mining" button to start bitcoin mining, and then the graphics card will soon enter the full speed running state, the temperature and fan speed will increase, you can monitor the state through gpu-z or graphics card driver
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
Mining is a process of increasing the bitcoin money supply. Mining also protects the security of the bitcoin system, prevents fraulent transactions, and avoids "double payment", which means spending the same bitcoin multiple times. Miners offer algorithms for bitcoin networks in exchange for the opportunity to get bitcoin rewards. The miners verify each new transaction and record it in the general ledger
in the past, ordinary computers could be used to mine, but now it is basically impossible. Because the operation mechanism of bitcoin is becoming more and more difficult, the performance of ordinary computers at home is limited, and it is difficult to decrypt bitcoin. Now there are new machines on the market, professional coin digging machines, called mining machines
extended data
Mining precautions:
if you want to invest in virtual currency mining, in addition to the need to buy mining machines, you also need a suitable site and a special person to take care of and maintain it. Of course, the appropriate electricity price is also essential. However, the general investors will encounter a series of difficult problems from the beginning of purchasing mining machines
trusteeship, in a simple sense, is to put the purchased mining machines in the professional mines of trusteeship enterprises, and then the trusteeship enterprises provide you with ore pools and special personnel to maintain them. Of course, the electricity prices that these trusteeship enterprises can get are very low, and there is no need to worry about the legitimacy of these enterprises. They must all meet the national standards