1. In 2009, bencong invented bitcoin, and set that there are only 21 million bitcoins. By participating in the proction of blocks and providing proof of work (POW), he can get the reward of bitcoin network. This process is mining
the concept of "mining" comes from the existing concepts in our real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig
another important point of bitcoin mining is that the miners who participate in mining recognize the value of bitcoin, and some of them are willing to spend money in the bitcoin market. Therefore, the mining of bitcoin is meaningful
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currency characteristics of bitcoin
1, decentralized
bitcoin is the first distributed virtual currency, and the whole network is composed of users without central bank. Decentralization is the guarantee of bitcoin's security and freedom
2, 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
controlling bitcoin requires a private key, 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 in the end, about 1 bitfen transaction fee 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
2. Now there are two kinds of miners. One is to directly choose the mining machine with high income. For example, the income of the A9 is very considerable. It can earn about 620 watts a day, and the power consumption is not high. In this way, if the miner wants to start, it should be done as soon as possible. Only in the previous period can it achieve low cost and high benefit. There will be no such situation when the later period is stable. 2、 The miner doesn't have to pay attention to the current currency income. He only cares about the currency, waiting for him to turn over.
3. In fact, digital China is based on
blockchain. It can be said that the blockchain issue emphasized at the meeting of the Political Bureau of China is the core issue of Digital China.
4. Tcoin is a three body terminator public chain token. It is a cryptocurrency based on three body hard fork network. The total amount of tcoin is 630 million, the initial price is $1, every 10s, and each block proces 8 rewards. The initial mining proced 19620 tcoin per day.
5. Coin an smart chain is sure to work. Many people are mining there, and the response is very enthusiastic. Okchain is a little incomprehensible. If you want to mine, you'd better study it.
6. The reverse mining of Odin chain is compared with the forward mining of bitcoin. Reverse mining means that the issuing mechanism is different from bitcoin. The issuing mechanism of bitcoin is to first use legal money to buy mining machines (including intermediate fees such as mine and electricity), and then use mining machines to dig bitcoin. The distribution mechanism of Odin is to use the destroyed Odin to obtain the mining machine, and then dig out the Odin. Therefore, this has resulted in the continuous deflation of Odin.
7. Thor chain generates one block every five minutes on average, which is the basis of the issuance speed and transaction confirmation speed of Thor. Not only in the short term, but with Odin to ensure that decades must remain constant, ring this period, computer performance will improve rapidly. In addition, the people and computers involved in mining will also change constantly. In order to keep a relatively constant proction rate of new blocks, the difficulty of mining must be adjusted according to these changes. In fact, difficulty is a dynamic parameter, which will be adjusted regularly to achieve the goal of a new block every 5 minutes. In short, regardless of the mining capacity, the new block proction rate is maintained at 5 minutes.
