The loss of mining
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.
25000 mining troops in Sichuan: a flood cost hundreds of millions, most afraid of power failure and loneliness
these computing power are scattered along the Da River, a tributary of the Minjiang River. They inlge in the night of Dalate Banner in Ordos, and sleep soundly in a small city in Yili Kazakh Autonomous Prefecture of Xinjiang
today, bitcoin's total network computing power has reached about 30 billion hash collisions per second, equivalent to about 600 tianhe-2 supercomputers, and it is still growing at a high speed. " Wu Jihan, the founder of bitcontinent, wrote in the beauty of computing power
he preached a set of infinitely beautiful "computational aesthetics", but behind the aesthetics is the cruel computational world and interests. Mining is moving towards instrialization step by step and becoming a game of capital
at this time, decentralized mining machines and pools began to appear. They called themselves revolutionaries and wanted to change the extremely monopolized bitcoin world
"cloud computing power mining" is one of them
their way of playing is to establish a number of distributed mines and provide computing power leasing services with tens of thousands of real mining machines
"the current computing power is too concentrated, and some decentralized play methods are difficult to change the current pattern and ecology." Li Ke said
but the essence of blockchain is decentralization. The miners still have the belief that eventually the mining instry will be broken by the decentralized mining pool
this may be the only belief that keeps them going
how long will it take
"5-10 years, slowly nibbling at the giant's territory." Li Ke said
but will giants wait for the revolution? Will they fight back
the battle of computing power and the spark of revolution have just been ignited
source; Sina Technology