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Why mining principles

Publish: 2021-04-29 02:01:19
1. 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 a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. 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

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2. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to the regulation of digital currency in China, investors have the freedom to participate in digital currency transactions at their own risk
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2.

Bitcoin mining is a process of using computer hardware to calculate transaction confirmation and improve security. Bitcoin is a reward for miners to calculate and confirm

bitcoin also has a hype mode. Similar to bitcoin, there are also flow ores. Flow ores also have ways of trading and speculation, but the mining principle of flow ores is different from bitcoin. Flow ores mainly collect the idle bandwidth of miners and give them rewards

in fact, the blockchain technology adopted by bitcoin is more valuable than itself. This is a new way of information storage. The data is stored in all devices connected to the network. When new devices join, the information will be updated automatically, and all devices have the right to read the information

to understand the significance of bitcoin from the perspective of currency, we need to understand the currency itself first, and then compare it with the characteristics of bitcoin. After comparison, I think that bitcoin is a very high-quality currency, but some people don't think it is. They mainly question the formation mechanism of bitcoin and the lack of national credit as guarantee. They think its foundation is relatively weak

at present, there are quite a lot of arguments about bitcoin in academic circles. For example, if the total amount of bitcoin is certain, then whether it will cause deflation or inflation has different views. I think it's deflation, and the value of bitcoin will be higher and higher

at present, bitcoin still means a little bit of a safe haven currency. When the news of brexit came out, the transaction price of bitcoin rose by 20% - 30% to about 4500 yuan / piece

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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

the concept of bitcoin was first proposed by Nakamoto in 2009. Bitcoin, also known as bitcoin, is an open source software designed and released according to the idea of Nakamoto Tsung, and a P2P network built on it. Unlike most currencies, bitcoin does not rely on a specific central issuing institution. It uses distributed databases throughout the P2P network nodes to record currency transactions, and uses cryptography design to ensure the security of all aspects of currency circulation

3. 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. Not all bitcoin users mine, and it's not easy to make money from mining

however, at present, professional Avalon ASIC miner is needed for mining, and it also needs to be included in a mine pool. If you are a retail investor, of course, if you arrange a large mine, you don't need it.
4. Bitcoin mining is through the mining node, and then the bitcoin mining machine (computer) constantly consumes its own computing power in exchange for bitcoin. In the bitcoin system, through its own algorithm, it can dynamically adjust the mining difficulty of the nodes in the whole network, and ensure that every 10 minutes, one node will succeed in mining. At this time, the bitcoin system will reward this person with a certain amount of bitcoin. Bitcoin mining is a complicated process, but it usually goes through these steps: preparation, finding the mine pool, registering the mine pool account, setting the mine pool account, downloading the bitcoin miner (software) and configuring the bitcoin miner; After the above steps, you can mine
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
5.

Bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin network to confirm transactions and improve security

6. Mine distribution
scene name monster grade mineral name / grade mineral name / grade mining skill grade
Wuliang 1-10 copper mine / 1 -- 0
Jiange 1-10 copper mine / 1 -- 0
Dunhuang 9-16 copper mine / 1 -- 0
Jinghu 9-16 copper mine / 1 -- 0
Songshan 15-21 copper mine / 1 -- 1
Taihu 15-21 copper mine / 1 -- 1
Xihu 20-26 copper mine / 1 iron mine / 21
Erhai Lake 25-31 iron ore / 2 silver ore / 3 2
Yannan 30-36 silver ore / 3 cold iron ore / 4 3
Longquan 35-41 cold iron ore / 4 gold ore / 5 4
Cangshan 40-46 gold ore / 5 basaltic iron ore / 6 5
Yanbei 45-51 basaltic iron ore / 6 crystal ore / 7 6
Wuyi 50-56 crystal ore / 7 jadeite ore / 8 7
Shilin 55-61 jadeite ore / 8 Zhenwu ore / 9
Caozhou 60-66 Zhenwu ore / 9 Longxue ore / 10 9
Meiling 65- 71 Longxue mine / 10 10

herb distribution
scene name monster level herb name / level herb name / level herb name / level herb picking skill level
Wuliang 1-10 white Ying / 1 Pollen Typhae / 1 0
Jiange 1-10 white Ying / 1 Pollen Typhae / 1 0
Dunhuang 9-16 white Ying / 1 Pollen Typhae / 1 0
Jinghu 9-16 white Ying / 1 Pollen Typhae / 1 0
Songshan 15-21 white Ying / 1 Puhuang / 11
Taihu 15-21 Baiying / 1 Puhuang / 11
Xihu 20-26 Chuanbei / 2 Yuanhu / 22
Erhai 25-31 loquat / 3 licorice / 3 honeysuckle / 3 3
Yannan 30-36 Scutellaria / 4 wolfberry / 4 Chenxiang / 4
Longquan 35-41 Eucommia ulmoides / 5 Atractylodes lancea / 5 Fuling / 5
Cangshan 40-46 Fangfeng / 6 Elsholtzia / 6 Huanglian / 6
Yanbei 45-51 Danggui / 7 Guixin / 7 Xiangfu / 7 Wuyi 50-56 Huoxiang / 8 huishencao / 8 Shouwu / 8 8
Shilin 55-61 Cordyceps sinensis / 9 Solanum nigrum seed / 9 9
grassland 60-66 Xiangbei / 10 ginseng / 10 10
Meiling 65-71 Ganoderma lucim / 11 xunccao / 11
Yuxi 70-76 Lianzi / 12 kumuchun / 12
Liaoxi 75-81 Lianzi / 12 kumuchun / 12
Nanhai 80-85 Lianzi / 12 kumuchun / 12
Nanzhao 84-89 Lianzi / 12 drywood spring / 12
Chang 88-93 Lianzi / 12 drywood spring / 12
Qiongzhou 92-97 Lianzi / 12 drywood spring / 12
miaojiang 96-101 Lianzi / 12 drywood spring / 12
Huanglong 100-105 Lianzi / 12 drywood spring / 12
7. 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

mining is a proof mechanism.
8. In fact, it is an algorithm, which is obtained by similar computer operation. The process of mining is the process of calculating this algorithm. After a certain amount of operation, bitcoin can be obtained.
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