Is individual mining realistic

4.

You can't dig in a day. It takes 2000 years

the global unified computing difficulty of bitcoin is 2621404453 (expected to change in two days). It takes more than 2000 years for a 2.5GHz CPU to work out a bitcoin

in order to make the graphics card fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. Many professional mines at home and abroad are operated 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 in a certain residential area in Yunnan, there was a case of crazy mining, which led to a large area trip of the residential area, and the transformer was burned

extended data:

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system

bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer

when bitcoin was born in 2009, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25

when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million

5. Now it's not very profitable. In 12 years, the price of bitcoin was about 1000 +. With personal PC, we could dig more than one coin a week. The current currency price is about 20000 yuan
Development:
1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan
2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. West Virginia Democratic Senator Joe; On February 26, 2014, Joe Manchin issued an open letter to a number of regulatory authorities of the US federal government, hoping that relevant institutions would pay attention to the current situation of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency. On January 11, 2017), the Shanghai headquarters of the people's Bank of China and the Shanghai Municipal Finance Office carried out on-site inspection of bitcoin China.

6.

Just download a gpu360 miner

general computer mining method:

< UL >

1. Download and install gpu360 miner

7.

web link post bar example:

we will calculate the graphics card to dig bitcoin earnings

assuming you are HD 7950 awesome, according to Zhongguancun online information, approximately 500MHashs/s

HD 7950 is g to compare the power of the graphics card, calculate 500MHashs/s, converted to 0.5GH/s. I am your current graphics card, you don't need to buy it
the full load power consumption of HD 7950 is 210W, the graphics card mining is full load work, and the electricity charge is 0.6 yuan / kWh
I reckon that you have been digging for 180 days in a row, that is, half a year, 24-hour power on. You should pray that your computer will not hang up because of this
difficulty coefficient: the difficulty of bitcoin has been increasing. Generally, the calculation is increased by 30% in 11 days. I'm a little less. It is increased by 25% in 11 days

OK, all the parameters are ready, calculation
in calculation...

eh, how come it's a negative number

because you need to pay the electricity bill for your graphics card
and there is no bitcoin output every day, because your computing power is too low


suppose your graphics card is HD 7950 and the computing power is 0.5gh/s
at present, 200g ASIC mining machine is on the verge of elimination, because 3T mining machine is already looming in the market
but even the 200 g miner that is going to be eliminated is 4000 times of the 0.5 calculation power of your HD 7950

8. No, we need a mining license.

9. Yes, but it's too few. It's better not to dig. Mining needs to invest a certain amount of money to build mining machinery, so as to earn money. The mining speed of single graphics card is very small, and it also reces the life of graphics card, which is not worth it.

10. Generally, private property that does not belong to itself, unless there are proceres, all unproved mines in China belong to the state, and the proved ones, if needed by the state, belong to the state.