Does bitcoin mining need traffic

Publish: 2021-04-27 14:29:11

1. Naturally, there are many critics, but for capitalists, earning money is a good thing. In addition to bitcoin, many other virtual currencies are also consuming a lot of electricity, but making money. When Nakamoto proposed the bitcoin mining mechanism, it was mainly for the sake of fairness, and probably did not consider that people would be so crazy mining. There are also some coins trying to use some new mining methods, but this part is still very few.

2. This should not have too many requirements, generally not less than 4 megabytes

the founder of bitcoin, Tsung Nakamoto, left the bitcoin project in 2010 and became one of the most mysterious figures in the coin circle. Bitcoin is made by mining. Mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary.

3. It adopts the P2P network mode and needs to be connected to the Internet

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5. The price is very low, but the mining capacity is also very weak. It is estimated that it is not easy to recover the original.

6. Bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin network to confirm transactions and improve security. As a reward for their service, miners can get the Commission included in the transaction they confirm, as well as the newly created bitcoin. Mining is a professional and competitive market. The bonus is divided according to the amount of calculation. I used to play mining for a while, but now I'm playing with fire coin, which is much easier.

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Does bitcoin mining need traffic

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