BCD mining
bitcoin is a kind of electronic currency / network virtual currency
bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats, equipment, etc. in online games. Internet users can also use bitcoin to buy real goods
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
extended data:
currency features:
1, decentralization: bitcoin is the first distributed virtual currency, the whole network is composed of users, and there is no central bank. Decentralization is the guarantee of bitcoin's security and freedom
2, global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3, exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4, low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6, cross platform mining: users can explore the computing power of different hardware on many platforms
advantages of bitcoin:
1, it is completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open-source P2P algorithm
2, anonymity, tax exemption and supervision free
3, robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear
4, borderless and cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records
5, Shanzhai people are difficult to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency
but these counterfeit currencies are very fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency
many counterfeit coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical
the weakness of bitcoin
1, the fragility of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
2, the transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed
3, the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading
4, the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control
but the public doesn't understand, and many people can't even distinguish between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless
When bitcoin nodes connect with each other, they will get transactions they don't have from each other. But because bitcoin has accumulated a large number of transactions for a long time, it is very difficult for two nodes to compare which transactions you are missing / which transactions I am missing one by one
to solve this problem, Nakamoto Tsung invented the important technology of block chain. Nodes use blocks to synchronize transactions, which ensures the data consistency of all nodes, and ensures the uniqueness of the blockchain by competing for block packing rights (that is, mining)
① a block and blockchain
a packet formed by a transaction over a period of time is called a block. On average, bitcoin generates a block every 10 minutes, and each block is linked to the previous block to form a blockchain
② the transaction data is synchronized with the block as a unit
the block is numbered from 1, so after node a connects with node B, it is convenient to synchronize the transaction data as long as the block number height of both parties is checked. For example, if node A's own block height is 100 and node B's block height is 110, all it needs to do is request B to synchronize the 10 blocks 101-110<
③ reward for packed blocks
in order to ensure that there are nodes to pack bitcoin transactions, bitcoin rules stipulate that nodes of packed transactions will receive bitcoin as reward
A. part of the package reward comes from the transaction fee paid by the transaction creator (100-1000 transaction fee per KB)
B. the other part comes from the initial distribution of 21 million bitcoins. At the beginning, the reward is 50 bitcoins for each block. After that, the reward will be halved for every 210000 blocks (about four years). Until about 2140, the reward for each block is less than 1, and the total reward for each block is 21 million bitcoins, This is the source of the total amount of 21 million bitcoins (2099999.97690000 to be exact)
after 2140, the package reward will only come from the transaction fee paid by the transaction creator<
④ competition for block packing right
node packing transaction only needs to consume very low-cost network and computing resources. The existence of packing reward (at present, the packing reward for each block is 25 bitcoin, about 40000 yuan), makes a large number of nodes want to pack transactions. In order to ensure the uniqueness of the blockchain, bitcoin rules stipulate that nodes use a method similar to "coin tossing" to compete for the right of transaction packaging. Nodes constantly toss coins. Whoever first throws the results that meet the rules will get the right to pack the transaction in this block, as well as the package reward of this block
when building bitcoin, Nakamoto wants bitcoin to be a decentralized currency, not only for use and trading, but also for mining. But it backfired. With the increasing value of cryptocurrency such as bitcoin, mining has become an instry. The competition is more and more fierce, and the pursuit of mining computing power is higher and higher. Therefore, from ordinary computer mining, ASIC mining machine and GPU mining machine have evolved
the algorithm of ASIC mining machine is almost sha256, while the algorithm of GPU mining is different. For example, the algorithm of BTG is equihash, and the algorithm of BCD is optimized x13. Although it is not absolute, it can be simply considered that the currency of sha256 algorithm is generally mined by ASIC mining machine. Other algorithms are basically using GPU miner. There are also exceptions. Scrypt's Leyte coin used to be mined by GPU miner, but later scrypt's algorithm was also conquered by ASIC chips, such as ant miner L3 +, which is the ASIC miner used to dig Leyte coin
ASIC miner refers to the miner that uses ASIC chip as the core of computing power. ASIC is the abbreviation of application specific integrated circuit, which is a kind of electronic circuit (chip) specially designed for a specific purpose. Some mining machinery factories have designed ASIC chips specially for computing the sha256 algorithm of bitcoin, and the mining machinery using them is ASIC mining machinery. Because ASIC chip is only built for specific computing, its efficiency can be much higher than that of CPU. For example, the current mainstream ant miner S9 is ASIC miner, which uses 189 ASIC chips, the computing power reaches 13.5th/s, and the power consumption is only 1350W. As a comparison, the computing power of gtx1080ti, the flagship computer graphics card, will not exceed 60mh / s even if it is optimized well. The difference is tens of thousands of times
GPU miner refers to the miner that uses GPU graphics card as the core of computing power. Cryptocurrencies such as Ethereum, bitcoin and diamond use graphics algorithms, so the speed of computing with graphics card will be the highest. Compared with ASIC miner, GPU miner is more well-known, because it is a computer with enhanced graphics card configurationthe purpose of GPU miner is to make money, so we should pursue the power consumption ratio and maximum profit, so we should pay attention to the cost performance. Generally, the medium and high-end positioning graphics cards, such as AMD rx560 and rx570, have high power consumption ratio, which is a good choice for GPU miner. While flagship cards such as gtx1080ti and AMD vega64 have the strongest single card performance, they are not cost-effective in terms of price and power consumption
in addition, the ASIC miner also has some exotic procts, such as the USB miner of burning cat, which is slightly larger than the U disk, and the power consumption is only 2.25w, which is the smallest bitcoin miner at present
< / blockquote >the above quoted digcoin.com - "Introction to mining machinery classification" has many professional terms. I hope it can help you, thank you
It is obtained by adding vvpool uupool to mine
the complete bitcoin diamond full node wallet can also be used to mine BCD< br />
bookkeeping
because bookkeeping is a reward, each time you can add a certain number of bitcoin for yourself, so everyone is competing for bookkeeping, which of course leads to a problem: when there is inconsistency in bookkeeping, the system introces workload proof to solve the problem, and the rules are as follows:
1. In a period of time, only one person can succeed in bookkeeping
2. Obtain the unique bookkeeping right by solving the cryptography problem
3. Other nodes the bookkeeping results
but before the workload proof, The accounting node will do the following preparatory work:
1. Collect the original transaction information that has not been recorded in the broadcast
2. Check whether the payment address in each transaction information has enough balance
3. Verify whether the transaction has the correct signature
4. Package and record the verified transaction information
5. Add a reward transaction: add 12.5 to your address Bitcoin
if you succeed in competing for bookkeeping rights, you can get a reward of 12.5 bitcoin
workload proof
the hash value of the previous block and the current account page information will be hashed together as the original information in each bookkeeping. In order to ensure that only one person can keep accounts around 10 minutes, we have to improve the difficulty of keeping accounts. The results of hash must start with several zeros. In order to satisfy the condition, hash is to introce a random number variable
denoted by pseudo code:
1. Hash (last hash value, transaction record set) = 456635bcd
2. Hash (last hash value, transaction record set, random number) = 0000afd635bcd
if you change part of the original information of hash, the hash value will also change continuously. Therefore, when you run hash, the value of random number will change continuously, A random number can always be found so that the result of hash starts with several zeros. The node that finds the random number first obtains the unique bookkeeping right
verification
after the node successfully finds the hash value, it will broadcast and package the block to the whole network immediately, and the node of the network will verify it after receiving the broadcast. If the verification is passed, it indicates that a node has successfully decrypted, it will not compete for the current block, but will choose to accept the block and record it in its own account book for the next round of competitive guessing. Only the fastest decrypted block in the network will be added to the ledger, and other nodes will to ensure the uniqueness of the whole ledger
If a node has cheating behavior, it will cause the node of the network to fail the verification, give up its packaged block directly, and cannot be recorded in the general ledger, then the consumption cost of the cheating node will be in vain. Therefore, miners consciously abide by the consensus protocol of bitcoin system, and ensure the security of the whole system
it's like you go to the construction site to move bricks. After moving bricks for one day, the contractor asks you how can you prove that you move bricks for one day?
therefore, we used graphics cards to mine virtual currency at the beginning. After that, someone developed a specific algorithm to make the stream processor of the graphics card greatly strengthen the virtual currency solution, which is the origin of the mining machine
the transmission of knowledge is driven by life
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