Digital gold mining

1.

mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners

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 the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer

extended data:

to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network

if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes

by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />

2.

Bitcoin is actually a virtual currency. When bitcoin first appeared, if you want to get bitcoin, you have to get bitcoin through mining. Therefore, bitcoin mining appeared. But bitcoin mining is more and more difficult, so it is very difficult to get bitcoin now

so now many people use Haru miner digs Ethereum, Monroe and other virtual coins. Most importantly, BTC can be directly equivalent in the end

3. Mining is to confirm the transactions in the bitcoin system over a period of time and record the process of forming a new block on the blockchain. The miner is called the miner. In short, mining is the process of bookkeeping, the miner is the bookkeeper, and the blockchain is the ledger. How to motivate the miner to mine? The bookkeeping power of bitcoin system is decentralized, that is, every miner has the right to keep accounts. The miner who successfully seizes the bookkeeping right will get the new bitcoin reward of the system. Therefore, mining is the process of procing bitcoin. When Nakamoto first designed bitcoin, it was stipulated that for every 210000 blocks generated, bitcoin rewards would be halved until bitcoin could no longer be subdivided. Because the total amount of bitcoin is limited as gold, bitcoin is called digital gold, and bitcoin proction is also commonly known as mining
. The bitcoin system ensures that bitcoin will not be g out too quickly by adjusting the difficulty coefficient. Every 10 minutes, the whole network is absent from work to jointly calculate a difficult problem, compete for bookkeeping rights and bitcoin rewards. If the computing power of the whole network continues to grow, bitcoin will be g out soon. In order to ensure that bitcoin can be g out in about 10 minutes, Nakamoto designs the difficulty of mining for bitcoin, Every 2016 blocks (about 2 weeks) are dynamically adjusted, so that the difficulty after adjustment makes the expected time for each block to be generated 10 minutes. Now the difficulty coefficient is about 480ph / S (Note: September 2017), which is about 68 billion times that of Genesis block. In other words, with the current computing power, the miners in the whole network need to go through about 300 trillion hash operations to find a qualified answer, Generate a new block
. Compared with point-to-point trading, mining and other purchases on the trading platform are the most popular ways to obtain blockchain assets, that is, floor trading. Floor trading of blockchain assets is similar to stock trading. The platform can help you match up, and you don't need to know who your trading partner is. Your trading partner may be one person or many people, Whether it's buying or selling, the trading platform will record the hanging order price of everyone. The buyer and the seller can obtain the latest transaction price through the real-time order. At the same time, the trading platform will summarize the historical transaction price and volume into a K-line chart, which is convenient for investors to analyze the market trend. For example, the UTOR market is the mainstream trading platform in the world.

4. 1. digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
response time: January 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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5. BTC is digital gold

6.

Liu Tao and Wang Ke are also bumpy along the way, which is not easy. Liu Tao and his wife are pushed to the top of the storm by public opinion

so if this incident is true or false, some netizens love Liu Tao. If it is true, how can Liu Tao turn over? It seems that Liu Tao is doomed to twists and turns

Dear friends, what's your opinion on this? Welcome to leave a message

7.

The reasons why bitcoin is digital gold are as follows:

1. Bitcoin has the highest market value among digital currencies and is also the foundation of digital money market

The total amount was limited

3. The proct of the development of the Internet, which has no institutional or national support, is fair

Its value is graally recognized by the public

Compared with gold, it is more convenient for identification, segmentation, carrying and storage

Programmable currency can meet the needs of charity and government to solve corruption{ RRRRR}

8. Because bitcoin and gold have one thing in common, that is, they are not renewable. The total number of bitcoin is 21 million until they are finished; Because bitcoin is a string of tamperable code, it is called digital gold

9.

Bitcoin is known as digital gold. It's just that it's really valuable. Now it's very valuable. Although the price has fallen, it's still much more expensive than it was in the past four or five thousand years, but it's just called digital gold, which is totally different from the real market value and influence of gold{ RRRRR}

so although he is known as digital gold, he can't be compared with real gold. On the other hand, countries in the world have great ability to measure their own foreign exchange reserves and cope with the risks of international change. One indicator is the amount of gold reserves. Because of wars and other things, their paper money is worthless, Even if the world financial system collapses, gold and silver, which are natural precious metals, still have a fixed purchasing power

10. It should be 6,