Unlimited money mining
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
response time: December 10, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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recently, a new kind of virtual currency is about to appear, and this time, it has also played a celebrity card
Kanye West is a popular rapper in the United States, and the homophonic name of this new virtual coin is coinye West. Even the head portrait is Kanye West himself
according to the official notice, coinye coin will be launched at 11:00 p.m. EST on the 11th of this month. It uses the script algorithm, and can generate up to 666 data blocks, with a data block reward of 666666 every 90 seconds. The difficulty will increase every 12 hours. The official said that coinye coin will ensure safety and fairness
although coinye is one of many counterfeit coins, it's a new idea to add the star's head portrait. Maybe other popular stars can also launch their own virtual currencies to call on fans to "mine", such as "coin blessing sword" and "Wen yuanxia".
First of all, when it comes to mining, bitcoin is indispensable. In fact, this problem is very simple. Any currency, including bitcoin, Leyte coin and infinite coin, is not created without any reason. Bitcoin must be generated by computer calculation. This method of generating bitcoin is called "mining". So how do indivials use computers to mine? Let's learn about it
As long as there is a computer that can access the Internet and download the bitcoin program from the bitcoin website, the first run will generate a digital account, and then keep running, the program will constantly calculate a series of "mathematical problems". When you have successfully calculated "a mathematical problem", the program will continue to run, It's possible to get a certain amount of bitcoin 
bitcoin
so bitcoin has high requirements for computer performance, and now it is generally collective mining, and personal computer mining seems to be out of fashion, or even no longer. To participate in mining, it is best to join some mining groups
the data of bitcoin is distributed on every client with wallet installed all over the world. Every transaction will be calculated in the whole network, and the fees you pay and the corresponding algorithm will ensure that the miners will get the corresponding remuneration
Bitcoin is a P2P network. Just like the familiar BT download mode, in order to keep the network running, it is necessary to always keep someone online to upload and share data with others. Therefore, the publishers of BT seeds often ask the sowers to be "Sowers" on the forum, but in fact, BT seeds are often broken. People are selfish. You can't ask everyone to contribute their resources for free, My computer is on. It costs at least electricityand the bitcoin network, like the BT download, needs "miners" to contribute their computer resources for calculation to ensure the operation of the bitcoin network. If the people who contribute resources like the BT download do not get the benefits, the bitcoin network will die. So the issue of bitcoin is designed that whoever contributes computing power to keep the bitcoin network running can get the fee paid by the network - bitcoin
3. Let's take another example. Our banks need fees to maintain their operation. We all know that bank transfer fees start from 2 yuan, and a card costs 10 yuan a year. But these fees are really the fees that banks need to maintain their operation, otherwise the bank will go bankrupt
In fact, we all know that these fees are reced in various forms. We can consider another mode: all services of banks are free, but as compensation, the state allows banks to issue their own currency, but only 1% of the total amount of all currencies can be issued each yearin this way, all people can enjoy the free service of the bank, but they have to bear 1% inflation virtually. In fact, it's easy for people to accept the immediate benefits - free services (which is the essence of the Internet model), without considering the impact of long-term inflation
this is the basic principle of the issuance and operation of bitcoin. Miners contribute a lot of computing power to maintain the operation and stability of bitcoin network, and in the process of computing, miners can get the new issue of bitcoin. Although inflation has actually occurred, the money in my wallet has not decreased, has it
and a clever design of bitcoin is that there are fewer and fewer new bitcoins, and the new bitcoin issue is decaying, so although bitcoin is not the deflationary currency that most people think, its inflation rate is really getting lower and lower, and finally tends to zero, and once the irrecoverable loss of bitcoin occurs, it will deflate
Infinity coin (IFC) is a new digital currency, which has more circulation advantages than bitcoin, and fills the short board of bitcoin in the field of commercial circulation and promoting commercial operation. The positioning of unlimited money is to serve the daily life of small transaction payment. One transaction of unlimited currency needs three confirmations, each confirmation takes 30 seconds, and the transaction confirmation speed is very fast. Because bitcoin transaction needs 6 confirmations, which takes about 1 hour, and lightcoin transaction takes 15 minutes, infinite coin is used in daily common transactions, which is more practical. Infinite coin was released on June 5, 2013. Based on scrypt POW algorithm. A block is generated in 30 seconds. In the initial block, there are 524288 infinite coins in each block. After that, for every 86400 blocks generated, the number of coins in the block is halved, with a total of 90.6 billion. The difficulty of mining is adjusted every hour. In the field of encrypted electronic currency, there is a popular saying: "bitcoin is gold, litecoin is silver, infinitecoin is copper", which means "bitcoin, lightsilver, unlimited copper". This not only shows the popularity of unlimited money, but also shows that unlimited money's own positioning is to serve the ordinary people's daily life of micro payment activities
Infinite coin is a new digital currency, which has more circulation advantages than bitcoin, and fills the short board of bitcoin in the field of commercial circulation and promoting commercial operation
Krugman, the Nobel Laureate in economics, pointed out that bitcoin is a retrogression in history. Although he affirmed the scientific and technological progress of bitcoin as a digital currency, he also pointed out that money can not only be g out and hoarded, but the essence of money is a means to promote commercial circulation. If infinite currency is successful, it will make an important contribution to the global recognition of digital currency model
the total amount is about 90.6 billion; Confirm every 3 seconds; Basically, all of them have been excavated, about 90.58 billion yuan; There was no poaching
one transaction of unlimited currency needs three confirmations, and each confirmation takes three seconds, so the transaction confirmation speed is very fast. Because bitcoin transaction confirmation takes 1 hour and lightcoin transaction confirmation takes 15 minutes, infinite coin is used in daily common transactions, which is more practical
infinite coin was released on June 5, 2013. Based on scrypt POW algorithm. A block is generated in 30 seconds. In the initial block, there are 524288 infinite coins in each block. After that, for every 86400 blocks generated, the number of infinite coins in the block is halved, with a total of about 90.6 billion infinite coins. The difficulty of mining is adjusted every hour
at the beginning of its release, infinite coin, like many other digital coins, was extremely cheap, and only a small number of players were playing
with the dramatic rise and fall of bitcoin in the second half of 2013, other cryptocurrencies are graally recognized by everyone, and the number of "Shanzhai currency" is expanding, which has a impact on the price of bitcoin
the value of infinite currency has also increased since October 2013. The most ferocious increase occurred from November 23 to November 27, 2013. The price of single currency soared from the lowest 0.000008 yuan to the highest 0.0014 yuan, with an increase of 17500% in five days, setting the highest weekly increase record among all digital currencies. With the successive withdrawal of speculators, the value of infinite currency fluctuated repeatedly and graally fell
subsequently, as cryptosy, coinex, coins-e, easecoin, niubtc and other platforms graally incorporated unlimited currency into the trading platform, the value of unlimited currency rose steadily. Due to its obvious circulation advantages and characteristics, unlimited coin has graally spread to more and more holders. At the same time, there are many enthusiasts dedicated to promoting unlimited coin in the online unlimited coin post bar
there are infinite dice, coinjack, coinbomb, black jack, Lotto coin world, encryption game key, Sarasota slot, visa4crypto, coincable, bitezze and other services that use infinite coin for payment in the world
the original mineral reserves of infinite coin will be halved every month. The original mineral reserves will proce nearly the total amount of coins on September 5, 2014, and then infinite coin will enter the full circulation stage
in the field of cryptocurrency, there is a popular saying: "bitcoin is gold, litecoin is silver, infinitecoin is copper", which means "bitcoin, lightsilver, infinitecoin is copper"
this shows not only the popularity of unlimited money, but also the positioning of unlimited money as a micro payment activity serving the daily life of the general public
tips: investment is risky and you should be cautious when entering the market. You should not blindly chase up and down in investment. You should have enough understanding of the currency itself. At the same time, if you have a loss, you should timely set the amount of stop loss you can bear to avoid greater losses