Use of f2pool mining software
bitcoin mining machine is the computer used to earn bitcoin
mining software is the algorithm of bitcoin
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
extended data:
bitcoin has the following six characteristics
1. Decentralization: bitcoin is the first distributed virtual currency, the whole network is composed of users, and there is no central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Worldwide circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform Mining: users can explore the computing power of different hardware on many platforms
source of reference:
network bitcoin mining machine
network bitcoin
Steps to build a new miner in f2pool fish pond:
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log in to the official website of "f2pool fish pond" and click the "register" button in the upper right corner
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fill in the user name, password and email to register. The login mode is "email" + "password"
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after successful registration, an email will be sent to your mailbox, and you can click the link to activate it
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after clicking the link in the mailbox, you will enter the login homepage and enter "email" + "password" to log in
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on the home page, click the drop-down menu of "miner management" in the lower right corner, and click to select the establishment of BTC or LTC miner
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write the name of the miner at will and click the "check sign" to successfully establish the miner< br />
with the increasing capacity of bitcoin blockchain data, the client wallet data is installed on Disk C by default. If Disk C is not large enough, you need to find a way to move the data from disk C to other disks
examples are as follows: (Note: close the client first)
1. Find bitcoin's data folder:
XP --- C: & # 92; Documents and Settings\ username\ Application Data\ Bitcoin
vista,win7---C:\ Users\ username\ AppData\ Roaming\ Bitcoin
2. Copy this bitcoin folder to other disk with large space, such as disk D (to avoid operation error, it is recommended to it first and delete disk C after it runs normally, so as to save disk C space)
3. Edit the bitcoin shortcut on the desktop (if there is no shortcut on the desktop, there are two ways: one is to find the installation folder, find "bitcoin QT. Exe", right-click, and select Create Shortcut to cut the shortcut to the desktop or any location; For the second method, if it is a green installation free version, you can find this installation folder, find "bitcoin-qt.exe", right-click and select Create Shortcut to cut the shortcut to the desktop or anywhere.) Right click on the shortcut, select "properties", enter the following in the "target" column and confirm:
& quot; C:\ Program Files\ Bitcoin\ bitcoin-qt.exe" - datadir=D:\ Bitcoin
(red is the target location of the added part)
now, double-click the bitcoin shortcut on the desktop, the client will start, and all data updates will be stored in disk D, and disk C will no longer occupy space. This method can also avoid data re download caused by deleting Disk C e to system re installation, and can also protect wallet files.
ha Yu miner is a software specially designed for computer mining, and supports a full range of operating systems. You don't need to learn professional e-money, mining and other professional knowledge to use ha Yu miner mining. You can easily start your mining experience in a few steps
1. Go to the official website to download the software of hayu miner
2. Open the software, enter the mobile phone number (the mobile phone is your wallet address)
3. Click one button mining
it only takes three steps to enter the world of blockchain mining
the catch threshold of Harbin miners is four yuan, which can be withdrawals, and supports Alipay's cash offer. It will also be added to the money raising function. p>
fortunately, it is such a leaky system that it will probably never grow to a point where it will have adverse effects or impacts on the world economy
however, I feel it necessary to point out the problem
bitcoin is more like a data transmission system than a cash trading system. Well, the problem is that it doesn't make a deal by offering a digital cash deal in dollars, but by importing a whole new currency. So here we will ask, is this really desirable
one of the fatal problems: the distribution of initial wealth
when the Federal Reserve prints money, it will not issue millions of dollars of checks randomly to thousands of Americans. The work it does is: 1. Buy some other assets (usually US Treasury bonds) in the free market to inject more cash into the system than before; Or, 2. Lend money to the bank, the bank lends money to others, and finally spends the money
the important thing is that these people don't get money for free. They either sell their assets for cash, or borrow money to spend it and eventually pay it back (also paying interest)
the bitcoin system does not have a central bank to issue currency. It has an "algorithm" that allows bitcoin to be "mined" through a rather puzzling mechanism. Basically, it's randomly assigned to people who are early in the tasting season. It's a very good system for early entrants (free money!). It's a ridiculous system for real money, not to mention the obvious lack of expansibility (what happens if everyone mines all day long?) In order to solve this problem, the supply of bitcoin is algorithmically limited, which once again brings benefits to early entrants, but this leads to the second problem:
the second fatal problem: endogenous deflation
economics course time! Deflation results from the appreciation of currency relative to other commodities (such as the decrease of commodity prices). More directly, deflation occurs when people expect the currency to appreciate relative to other commodities, and the price trend continues to decline
question: if money is expected to appreciate, why do you spend it? Answer: Generally speaking, you don't spend money
the supply of bitcoin is set to slow down at a known rate. It eventually reached about 21 million. As shown in the picture
we can see the rate - well, I agree that if it is foreseeable inflation, it may not be desirable from an economic point of view, but it is reasonable. However, if it is to slow down the issuance, if you design a currency to subvert the world order, what you would like to see is this graph:
then what if there is at least a constant growth rate? You may be willing to do that, because that's the only way to adapt to more people using it
but bitcoin is not designed to be a practical currency, it is designed to make early entrants rich. Once again, it's a hoax
for a quick thinking experiment, we assume that more people use bitcoin compared with the growth of demand for bitcoin. In this way, we can expect the dollar price of bitcoin to rise rapidly. Now suppose I have a bitcoin, I also have a dollar bill, I am willing to buy a bottle of Pepsi Cola, which payment method will I use? Obviously, the devalued dollar should be spent more than the rapidly appreciating bitcoin
in the best case, the limitation of bitcoin supply will cause severe deflation, squeeze most of the business activities of bitcoin pricing, and connive at speculation in the trading market. If you are not willing to use it and others are not willing to use it, the so-called benefits of transparency and low transaction costs will not bring you any benefits< The third fatal problem is the lack of convertibility. People have a misunderstanding about the so-called intrinsic value of money. In fact, there is no so-called intrinsic value of money. The nominal value of money is limited to the other money they can trade for. One dollar is equivalent to a certain amount of euro, one euro is equivalent to a certain amount of yen, and one yen is equivalent to a certain amount of dollar. One dollar can be stored in the bank, change a certificate of deposit, and then the certificate of deposit can be changed into one dollar. It can be turned into a commercial or personal check and then into cash or deposit. When you travel, it can be changed into a traveler's check in yen or euro. If you have to pay for sandwiches, the sandwich shop also charges because the money can be converted into something else. It's a wonderful circular balance.