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The main cost of bitcoin mining

Publish: 2021-04-19 00:00:00
1.

It's about 37 yuan


let me first introce the reward mechanism of bitcoin system


bitcoin can basically dig out a block every 10 minutes through system settings. The reward for each block is given to the miners who dig out the block. The miner who digs out the block is called the block miner. The block miner will record the legal transactions in the bitcoin network to the blockchain, so that the miner can receive the service charge for bookkeeping


there are two parts in the reward for the block Miner: one part is the reward given by the system, which is called coinbase reward (also known as system issuance reward), the other part is the reward for bookkeeping, which is called miner's fee. The coinbase reward started with 50 bitcoins. For every integral multiple of 210000 blocks, the coinbase reward will be halved. This is what we often hear about bitcoin mining reward halved in four years


at the present stage, the reward of coinbase is 12.5 bitcoins. At the present stage, the average transaction miner fee received by miners for digging out a block is about 0.1 bitcoin (not fixed), that is to say, the average reward received by miners for digging out a block is about 12.6 bitcoin


about 99% of miners' rewards come from the system's coinbase rewards. According to the bitcoin system, one block can be g out every 10 minutes on average. The number of new blocks that can be g out in one day is 144 (60 * 24 / 10 = 144). At present, the number of bitcoins that can be g out every day is 1800btc (144 * 12.5btc = 1800btc). With the miner's fee of about 0.1btc per block, the total reward for all miners in one day is about 1814.4btc


2. This depends on what configuration of bitcoin mining machine you buy. Take Avalon mining machine as an example, avalon2
1t package (10 single-mode groups): the price is 13999 yuan; The price of avalon2 single-mode 100g is 1599 yuan; The price of Avalon 2-generation Miner 2 mole 200g is 2500 yuan. At present, Avalon three generation chips have been released, and Avalon 3 mining machine is about to enter the market.
3. Every 100 S4 bitcoin mining machines consume 900W of electricity per hour
bitcoin mining machine is a kind of computer used to earn bitcoin. This kind of computer generally has professional mining chips and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server
the popular digital currencies in 2013 include bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, barbecue coin and prime currency. At present, hundreds of digital currencies are issued all over the world
the price of bitcoin mining machine ranges from two or three hundred yuan to 200000 yuan. From 2011 to 2013, high configuration bitcoin & quot; Mining machine & quot; From 10000 yuan to 300000 yuan, but the performance is much better than before. According to instry insiders, the old machine can only dig 1 bitcoin in 100 days, but now (2013) machine can dig 3.5 bitcoins in 100 days
according to the miner information published by the domestic assembly team, a miner with the lowest configuration at the price of 3000 yuan can be returned in more than 30 days according to the bitcoin mining speed. The machine with mining speed of 10G / s can dig about 0.03 bitcoins 24 hours a day, while the machine with mining speed of 13g / s can dig about 0.035 bitcoins 24 hours a day according to the computing power and difficulty of the whole network in 2013.
4.

On January 3, 2009, the first batch of 50 bitcoins were g up on a small server in Finland. On May 21, 2010, the first bitcoin transaction: programmer Laszlo hanyecz bought a $25 pizza coupon with 10000 BTC. This transaction gave birth to the first fair exchange rate of bitcoin.

< H2 > extended materials

Satoshi Nakamoto, a self styled Japanese American, is often translated by Japanese media as the founder of bitcoin protocol and its related software bitcoin QT, but his real identity is unknown. In 2008, Nakamoto published a paper called "bitcoin: a peer-to-peer electronic cash system", which describes an electronic currency and its algorithm called "bitcoin"

In 2009, he released the first bitcoin software and officially launched the bitcoin financial system. In 2010, he graally faded out and handed over the project to other members of the bitcoin community. Nakamoto is believed to hold about one million bitcoins. These bitcoins were worth more than $1 billion at the end of 2013

since the publication of the paper, the real identity of Nakamoto has long been unknown to the outside world. Julian Assange, founder of WikiLeaks, claims that Nakamoto is a cypherpunk. In addition, some people said that "Nakamoto is an anarchist. His original intention is not to control digital cryptocurrency by a certain government or central bank, but to become a global free flowing currency that is not regulated and controlled by the government."

main entry: bitcoin history

on November 1, 2008, Nakamoto published a paper entitled "bitcoin: a point-to-point e-cash system" in the cryptography mailing list of "metzdowd. Com". This paper describes in detail how to create a decentralized electronic trading system, and this system does not need to be built on the basis of mutual trust between the two parties. Soon, on January 3, 2009, he developed the first client program to implement the bitcoin algorithm, concted the first "mining" and obtained the first batch of 50 bitcoins. This also marks the formal birth of bitcoin financial system

on December 5, 2010, ring the WikiLeaks leak of US diplomatic cables, the bitcoin community appealed to WikiLeaks to accept bitcoin donations to break the financial blockade. Nakamoto expressed his firm opposition, saying that bitcoin is still in its infancy and cannot afford conflicts and disputes. Seven days later, on December 12, he published his last article in the bitcoin forum, mentioning some minor problems in the latest version of the software. Then he did not show up and e-mail communication was graally terminated

5.

Taking t2t-30t as an example, the calculation force of t2t-30t is 30t, and the power consumption is 2200W, that is, 2.2kW. The power consumption of a single miner in 24-hour operation is 2.2kW * 24 = 52.8kwh, and the electricity charge is once calculated as 0.56rmb, the daily power consumption cost of a single miner is 52.8kw * 0.56 = 29.57rmb

to "mine" with bitcoin mining machine, if the graphics card is fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. There are many professional mines at home and abroad in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even some people in a residential area in Yunnan carried out crazy mining, which led to a large area trip of the residential area, and the transformer was burned

extended data

mining principle of bitcoin mining machine:

bitcoin mining and node software mainly initiates zero knowledge proof and verification transactions through point-to-point network, digital signature and interactive proof system. Each network node carries out broadcast transactions to the network. After these broadcast transactions are verified by miners (computers on the network), miners can use their own work proof results to express confirmation. The confirmed transactions will be packaged into data blocks, and the data blocks will form a continuous data block chain

every node of bitcoin will collect all the unconfirmed transactions and gather them into a data block. The miner node will add a random adjustment number and calculate the sha256 hash value of the previous data block. The mining node keeps trying again and again until the random adjustment number it finds makes the hash value lower than a specific target

6. Naturally, there are many critics, but for capitalists, earning money is a good thing. In addition to bitcoin, many other virtual currencies are also consuming a lot of electricity, but making money. When Nakamoto proposed the bitcoin mining mechanism, it was mainly for the sake of fairness, and probably did not consider that people would be so crazy mining. There are also some coins trying to use some new mining methods, but this part is still very few.
7. The computing power of home PC is too low, and the money earned in a month is not enough for electricity charges, so mining machines are needed
mining is a technical activity, which tests the performance of CPU and GPU. Now on the market, the machine specially optimized for the calculation algorithm of the generation of bitcoin is the miner. At present, it takes about 16000 to buy a state-of-the-art S9 miner on 58btc. There are also special management services, which can save all kinds of troubles. If the owner wants to buy a miner on a certain treasure and do it by himself, he is advised not to dig. You know the reason.
8. This depends on the brand and computing power of the Miner you buy. According to Avalon, the mainstream miner in the market at present:

avalon2 single-mode group
(chip frequency 1500mh / s) ¥ 488 100 g ¥ 4.9 / g 340W ¥ 2.04 / g 0.0037 BTC
¥ 14.11 51 days
avalon3 single-mode group
(chip frequency 500mh / s) ¥ 1, 988 290 g ¥ 6.9/g 342 w ¥ 0.71/g 0.0108 BTC
¥ 40.93 113 days
avalon3
(chip frequency 450mh / s) ¥ 7866 800 g ¥ 9.8/g 822 w ¥ 0.62/g 0.0299 BTC
¥ 112.91 999 days
9. Now that the dividend period of bitcoin mining is over, the output will soon be halved, and now it's a bear market for a long time. Unless you have abundant funds and a very low price source of power supply, you should never enter the mining instry again
10. This is hard to say. Ant miner once said that its mining cost is only about 200 yuan. In September 2014, major mining machinery manufacturers generally believed that their mining cost was around 2000. To be specific, the following figure is the basic information of bitcoin mining Revenue:
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