Online shopping mining what

3.

Bitcoin mining is a process that uses computer hardware to calculate the location of bitcoin and obtain it

mining is an incentive process to record data in the bitcoin system. In the bitcoin system, indivial users have the right to pack blocks after calculating a specific hash value by using CPU or GPU to hash

and in order to reward this user for packing blocks, the system will give a certain amount of bitcoin as reward. Because this process is very similar to "mining" in real life, most people call this process mining. In addition to bitcoin, other electronic virtual currencies can also be obtained through mining rewards, such as Ethereum, Monroe and so on

extended data:

mining risk:

1, currency security

the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin

2, system risk

system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income. However, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners

4.

Mining is the use of bitcoin mining machine, which is used to earn bitcoin

one of the ways to get bitcoin is that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it's only hd6770, can surpass the single graphics card of most users

and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the hardware price and other costs, there is a considerable expenditure in mining

< H2 > extended data:

bitcoin mining process:

1. To find the ore pool

to start mining, there must be a ore pool with convenient operation and stable output. Its function is to subdivide the data packets for each terminal, and pay the corresponding amount of bitcoin according to the proportion of the data packets calculated by the terminal through precise algorithm

2. Download bitcoin miner (software)

in fact, there are many kinds of this miner, you can go to the official website to download

3. Setting mining software is a green software. After installation, we can set the language first to facilitate further setting. Next, you need to set the server, user name, password, equipment and so on. Generally, the server chooses a better network from BTC guide series, and the user name and password are set by ourselves before

4, bitcoin mining start

when we confirm that all settings are correct, click the "start mining" button to start bitcoin mining, and then the graphics card will soon enter the full speed running state, the temperature and fan speed will increase, you can monitor the state through gpu-z or graphics card driver

5.

Mining: that is, bitcoin mining, is a process of using computer hardware to calculate the location of bitcoin and obtain it

3, users use personal computer to download software, and then run specific algorithms. After communicating with remote server, they can get corresponding bitcoin, which is one of the ways to get bitcoin. Ordinary graphics cards don't need to try, and electricity charges are not enough. Master Lu has bitcoin test, which can see how long it takes for your computer to dig a bitcoin

6. 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.

7. The most profitable explanation of regional chain mining in 2020. This one is more than that one

8. Sikuai technology has been founded for many years. Its founder is Feng Guodong, an investment enterprise of xiongan fund. At the same time, he is also an engineer of the whole stack, and a technology bull. Blockchain technology plays an increasingly important role in life and work.

9. The "mining" in bitcoin is actually the process of bookkeeping. The operation of bitcoin adopts a mechanism called "proof of work (POW)". In order to find out who has more powerful computing power, the system will work out a mathematical problem every time. Only the computer that can solve the problem the fastest can carry out bookkeeping. The computer that grabs the bookkeeping right will be rewarded with 25 bitcoins. This behavior is usually called "mining", and the bitcoin obtained is regarded as the reward for successful mining.