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A metaphor for mining

Publish: 2021-04-17 11:53:47
1.

2020 is the first year of digital currency proction rection. Most currencies will achieve the first proction rection this year, while bitcoin will usher in the third proction rection cycle. And the market is generally high on the halving market, it is expected that this year will usher in a wave of bull market, and the logic behind it is very clear. From the perspective of historical experience, this has already formed a more extensive "consensus" in the circle of cryptocurrency

secondly, bitcoin, known as "digital gold", is recognized by more and more funds for its risk aversion, which indirectly pushes up its price. At present, in addition to bitcoin, which has the most influence, BCH, BSV, etc, dash and other currencies are the most concerned. Dozens of counterfeit currencies have chosen to be halved in 2020. Therefore, 2020 is also known as the first year of halving

what is half bitcoin

bitcoin halving means that the reward for procing new blocks is halved about every four years. This means that after halving, the corresponding bitcoin reward for each block proced is only half of the reward before halving. At present, bitcoin has been halved twice, respectively in November 2012 and July 2016. The third half of bitcoin is expected to take place on May 13, 2020. By that time, bitcoin will be halved from 12.5 blocks to 6.25 blocks

half block reward means that it will take longer for all bitcoins to enter circulation, but it also means that mining will proce fewer and fewer new bitcoins. Moreover, e to its limited supply and increased mining difficulty, its scarcity attribute becomes more and more obvious, and scarcity will directly enhance the value. As the saying goes, scarcity is more expensive! For bitcoin, there is no doubt that this is a very big advantage


buying bitcoin in 2020 is better than buying bitcoin ETF fund

In theory, X2

3, bitcoin current price 10000x4 = US $40000 (expected price after this year's proction rection)

in this period, the return comparison between holding spot and ETF fund is as follows:

1, buying spot holding, earning three times

2, buying ETF fund, Up to 15 times (intelligent position adjustment + fund compound interest calculation)


there is no doubt that bitcoin ETF launched by bitoffer is the best investment choice

2.

the principle of bitcoin mining is to implement rules made by people and automatically executed by computers

Satoshi Nakamoto, the inventor of bitcoin, has stipulated this rule from the very beginning, and those who participate in bitcoin blockchain must automatically abide by it unconditionally

The content of

rules is generally ,

people who pack the circulation data of bitcoin, arrange it into a fixed size, and then upload it to the blockchain for bitcoin whole network synchronous broadcasting can get 50 bitcoins rewarded by the system

under certain conditions, these rewards will be halved, about once every four years

so how to complete the data packing

the person who wants to complete this action must first have the necessary tools, that is, the software to execute the bitcoin blockchain, and the machine (computer at the beginning) to run the software; Then download and save all the bitcoin transaction data that have been recognized by the whole network. At this time, you become a "node" and a part of protecting the blockchain data

The

node can only get the priority of the packaged data after running a specific mathematical formula and getting the correct answer. The system will automatically give the reward to the node who gets the priority, who completes the packaging first and then uploads it to the blockchain, and receives and approves it from other nodes

if there is bitcoin service charge in the packaged transaction, the service charge belongs to the node

people think that the process of calculating the mathematical formula and then completing the package to get the reward is just like fishing for gold in the river. It is necessary to discard many wrong answers in order to find the right key to get gold, so people compare this process to mining

so bitcoin mining is not really to dig something, or to use computers to constantly collide and guess. Whoever guesses first wins the reward, that's all

3.

How to dig bitcoin:

< UL >
  • 01

    first, download a bitcoin e-wallet from the Internet. It should be noted that the wallet is very large

  • 06

    finally, fill in your miner's information in your mining tool. User name should fill in the miner's name. Remember to add the miner to your email in the form of your registered account

  • 4. It's divided into price and value
    1: value is the so-called currency born from the early decentralized blockchain Technology (in fact, the capital owns the centralized computing power, and the capital owns the centralized currency quantity, which may not be ideal here). At that time, people had certain expectations and beliefs. The decentralized low trust cost world chase was a good future imagination, which made most people recognize its value (of course, it also caused negative use value, which could not be controlled and regulated by the government, and provided a lot of extra convenience)
    of course, some attributes of digital currency can be used for reference, Now countries are also in the trend of legal digital currency. Due to certain technical reasons, BTC may eventually disappear, or it is difficult to achieve the vision of believers. If there is no better change of technology, the limitation of technology will be phased out with the current development of science and technology
    2: of course, the price is basically determined by market transactions. BTC is used by a lot of capital, and more value may be used as financial value Another common perception of price is that the quantity is limited and the output is getting slower and slower. With the increase of the use area, the scarcity increases the price, and the story of halving the price is also a good help for capitalists)
    because it is a minority, there is no regulation, so the power of capital has a great impact on the price. The good effect of getting rich can attract more and more people to come into the market. The exchanges of various capital institutions have solved the problems of business instry, gained some additional operating income, and created instries (such as basic financial derivatives and more)
    including this year's events, with the epidemic situation and the situation in the United States, new financial derivatives are manufactured by joint institutions. In the secondary market, a new circular wealth story is born. This mode is still relatively solid, with stable prices and rising prices. Of course, the final digester is the ordinary people
    at the same time, the characteristics of BTC also lead to a part of human allocation of hedging assets
    and so on, the price of BTC is proced under the game
    personal final conclusion (for reference only): bitcoin is more of a kind of financial value, its use value is still limited at present, and it is also very difficult to promote in the future. If the technology does not evolve, it will still be small. Of course, the game of the world government is also a certain resistance
    the current price is based on the financial game of institutions, and it is stable to a certain extent. The premise is that if there is no new large number of people participating in the game, the current rising trend will slow down, and the gray scale and institutions are also expanding the playing methods of other digital currencies (after all, the number of BTCs targeted by GBTC has accounted for more of the total BTCs - physical contribution plus less cash contribution), But there may still be a rise, but when it will be the top depends on the results of various games (I think there are several points: 1. How long can the game between the trading frequency and holding amount of BTC or other currencies in the primary market last, and when people's purchase and consumption will reach a limit. It can't be bought and sold all the time, there is a limit when what the 2. gradation and what the BTC of the GBTC corresponds to is the two level market digestion of the market, when it will be indigestion is also a game... Etc.)
    BTC has bubble, and the financial game of capital is full of bubbles. Of course, this is the opportunity to get rich easily.
    but the risk is very high, which is not suitable for the public. It can only be said that it depends on fortune and opportunity
    BTC has big moves with every financial trend game
    investment should be cautious.
    5.

    Bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin network to confirm transactions and improve security

    6. Mining machinery, mining resources is leading, angel chain circle ts.net! You can also focus on the official account of "angel chain"! I only know it when I see the advertisement in Huaqiangbei. It's OK. This platform! It's mainly a platform for mining machine merchants to gather with mine owners, including how to buy bitcoin tutorial you said, and trading! There are also currency information, market discussion. Remember to give me a full answer, thank you!
    7. Predicting the stock market is actually guessing. The winning rate is 50%. It is basically impossible to make money by predicting the rise and fall of the stock market, because no one is rich by predicting the long-term profits of the stock market. Short term operation, is to follow the trend, long-term investment is to rely on asset valuation, price comparison. Hope to adopt.
    8. Are you serious or are you trying to be funny
    there is no need to go to the mine for graphics card mining, which is a metaphor, that is, to use the host computer of large multi block graphics card for calculation. It's like mining.
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