What currency does Baidu super chain mine
In 2009, bencong invented bitcoin, and set that there are only 21 million bitcoins. By participating in the proction of blocks and providing proof of work (POW), he can get the reward of bitcoin network. This process is mining
the concept of "mining" comes from the existing concepts in our real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig
another important point of bitcoin mining is that the miners who participate in mining recognize the value of bitcoin, and some of them are willing to spend money in the bitcoin market. Therefore, the mining of bitcoin is meaningful
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currency characteristics of bitcoin
1, decentralized
bitcoin is the first distributed virtual currency, and the whole network is composed of users without central bank. Decentralization is the guarantee of bitcoin's security and freedom
2, 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
controlling bitcoin requires a private key, 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 in the end, about 1 bitfen transaction fee 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
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
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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 />
It's a scam. Many Internet enterprises and network security enterprises believe that illegal "mining" has become a serious network security problem
with the rise of "cloud mining", the virtual machine has become the main use object of digital currency such as Monroe coin and Eli coin, and the situation of embezzling cloud computing resources for "mining" has also increased significantly; Security team monitoring found that "competing for mining machine" has become one of the important purposes of Botnet expansion; And found a new type of "mining" virus (mining XmR / Monroe), the virus spread wildly in two months, illegal "mining" profits of nearly one million yuan
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from a commercial point of view, the business model of mining can walk out of a "healthy road". As long as the "incentive money" is lower than the average cost of new users in the market, the business model will be reasonable and feasible
however, if the platform tempts users to participate with "no capital, no profit", it is worth being vigilant. The so-called "mining" opportunity provided by the platform is likely to be "digging a good hole" waiting for you to jump in
Mining means that users download software from personal computers and then run specific algorithms to get corresponding bitcoin after communicating with remote servers
bitcoin is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. Internet users can also use bitcoin to buy real goods
bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware, and the miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by the miners, so the competition for mining is very fierce
bitcoin mining started with low-cost hardware such as CPU or GPU, but with the popularity of bitcoin, the mining process has changed greatly. Nowadays, the mining activities are transferred to the field programmable gate array, and the hash speed can be achieved through optimization. The mining efficiency of this mode is very high
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the founder of bitcoin:
on November 1, 2008, a person who called himself Satoshi Nakamoto posted a research statement on a secret cryptography review group, stating his new idea of e-money - bitcoin came out and the first transaction of bitcoin was completed
bitcoin has got rid of the constraints of third-party organizations with the help of Internet, which Nakamoto calls "regional chain". Users are willing to dedicate the computing power of CPU and run a special software to be a "digger", which will form a network to maintain the "regional chain". In the process, they also generate new money
trading is also extended on this network. The computer running this software can solve the problem of irreversible code, which contains several trading data
the first "miner" to deal with the problem will be rewarded with 50 bitcoin, and the relevant trading area will join the chain. As the number of "miners" increases, the difficulty of each puzzle also increases, which keeps the proctivity of bitcoin in each trading area at about 10 minutes
in 2009, Nakamoto designed a digital currency, namely bitcoin. The booming bitcoin market has gone up and down, and the identity of its founder "Nakamoto" has always been a mystery. Rumors about "the father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura
