What does the miner dig 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
the answer is yes. Bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone may participate in the proction of bitcoin. But bitcoin is not issued in unlimited quantity. According to calculation, by 2140, the total amount of bitcoin will reach the upper limit - 21 million. Recently, according to the data from blockchain.info, unless there is an accident, the 17 millionth bitcoin is likely to be g up in the future
it needs to be clear that each newly g out bitcoin block will generate 12.5 new bitcoins, and a new block will appear in the bitcoin blockchain every 10 minutes, so about 1800 new bitcoins will be generated every day. As the reward is reced by half for every 210000 blocks generated, mining becomes more and more difficult, but this does not mean that bitcoin mining machines can no longer dig bitcoin. In addition, it needs to be made clear that bitcoin will not stop running when it proces 21 million bitcoins, so even if the 1700th bitcoin will be g out, there are still 4 million bitcoins waiting to be g out. Even if it is more and more difficult to dig out bitcoin, it is not impossible. It is said that the new routing machine that originally g out digital gold will also launch the function of digging bitcoin in the near future. Compared with thousands of professional bitcoin mining machines, the new routing machine is more user-friendly in price and less difficult in mining
in the future, we believe that although bitcoin has gone a long way, bitcoin still has a long way to go.
The bitcoin mining machine downloads the mining software and then runs a specific algorithm to get the corresponding bitcoin after communicating with the remote server, so as to obtain the bitcoin
any computer can become a mining machine, but the benefit will be relatively low, and it may not be able to dig a bitcoin in ten years. Many companies have developed professional bitcoin mining machines, which are equipped with special mining chips, and their computing speed is tens or hundreds of times higher than that of ordinary computers
bitcoin miners can neither increase their rewards by cheating, nor deal with the fraulent transactions that destroy the bitcoin network, because all bitcoin nodes will reject the blocks containing invalid data that violate the bitcoin protocol rules. Therefore, even if not all bitcoin miners can be trusted, the bitcoin network is still secure
extended data:
mining is a 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
anyone can run software on specialized hardware and become a bitcoin miner. Mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing and additional bitcoin issued according to fixed formula