Bitcoin mines around the world

1.

There are only 21 million bitcoins

"graphics card mining" is a joke. In fact, it is running a specific algorithm to generate bitcoin through a large number of calculations

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extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most 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 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. 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

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees

2. Mines are everywhere. You can mine them in your own home, as long as you have equipment. This year, domestic mining has been banned, but some relatively large mines have moved to foreign countries. Now Iceland can be said to be the largest mining area in the world
let's talk about the output. It's not as good as before
with the increase of computing power in the whole network, the proportion of computing power owned by miners in the whole network has decreased
the generation speed of bitcoin is slowing down. When bitcoin was born in 2009, each reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the bounty will be halved to 25. When the total amount reached 15.75 million (5.25 million new output, or 50% of 1050), the bounty was further halved to 12.5. In theory, bitcoin's mining speed has halved in four years
in addition, the equipment investment and electricity charges in the early stage are very expensive
the front runners have already started to drink soup. Want to know the latest information and market of currency circle, exchange. Focus on the mustard circle
hope to adopt

3.

Recently, the news about "China quietly ordered the closure of bitcoin mines" spread like wildfire. Some media learned through insiders that the central bank held a closed door meeting to rectify some mines with non-standard electricity consumption

in fact, the rectification and treatment of Mines started last year, especially after the closing of domestic exchanges last year, the relevant regulatory authorities also discussed the issue of mine retention, but the conclusion is that the reasons for closing mines are not sufficient, and the mines have not caused more social problems, and the risk points are not clear, so no specific arrangements have been made. However, all localities have received "window guidance", that is, local enterprises can not participate in digital currency mining

in 2016, China's power generation ranked first in the world, and the total power generation accounted for 25% of the world. In this case, according to common sense, mining power in China is indeed the most abundant, especially with the decline of China's economic growth, the wasted power resources are increasing

the electricity of power stations can not be stored, but if the electricity is converted into digital currency, it can be stored. In fact, if China's surplus power generation can be converted into bitcoin for storage, it should be the most efficient mode of proction and operation. It is equivalent to procing US dollars with electricity. It is a processing export mode with the highest added value

in addition, according to the historical development, most of the power in the future may be consumed by computers. This is a judgment I made, which can be witnessed by our generation. In our daily life, the proportion of electricity consumption will be lower and lower. In the future, mankind will solve all kinds of problems by means of digitization and blockchain, and "mines" will only increase, not decrease. Especially with the development of artificial intelligence, space exploration and other fields, the demand for computing power will increase exponentially

electricity is just a kind of energy, just like a person, the biggest energy consumption is not the limbs, but the brain. The human brain is a 24-hour machine. A thinking person's brain consumes 75% of the liver's stored blood sugar every day, and the oxygen consumption accounts for 20% of the whole body's oxygen consumption. The more the brain thinks, the more glucose the neurons need

When the electric lamp was invented 200 years ago, people thought that the best use of electricity was to light the bulb. Has the final say that what electricity market will be most effective in future? p> No one can see electricity. Up to now, it is difficult for many people to understand the mystery of its existence, but electricity has changed the world. The influence of many virtual things is often greater than that of physical things. What does "digital assets" mean to China and the world? I think it is difficult for many people, including the government, to make clear at this time. What we need to reflect on is that apart from the four great inventions, such as electricity, light, telephone, computer, digital currency and so on, how many of the things that are pushing mankind forward are invented by China

when a phenomenon appears, we must study the background and logic behind it. The future competition can be said to be military competition, economic development competition and financial competition, but it can also be said to be ideological and computational competition. It's easier to close mines than to stop trends

4. China's bitmainland accounts for more than 60% of bitcoin's computing power

5. In January 2013, Avalon released the 60g / s miner specification and accepted the booking. In January 2013, Avalon delivered the world's first commercial bitcoin ASIC miner, and Jeff garzik, the core developer of bitcoin network, was fortunate to be the owner of the first commercial ASIC miner.

the most difficult mining problem is 0. At the beginning of 2013, the computing power was about 2p, and now it has reached 100p

6.

virtual currency seems to make people rich overnight, such as bitcoin. At the beginning of the year, it cost a few yuan, but now it costs US $50000. Not all virtual currencies are bitcoin. It's better to be cautious. Now many friends want to invest in the digital currency of the blockchain and join the army of overnight wealth Red wine and other goods are given away by the company; Dark blue integral;, At the same time, points also have consumption value-added, which is returned in the form of points. Points can also be converted into virtual currency of the trading platform, namely & lt; Beilan coin;, Virtual currency can be traded or withdrawn on the trading platform, and it can rise or fall

shortly after the company's operation, it invited another nickname & quot; Fengshen & quot; Network operator, joint operation & lt; Dark blue integral & quot& ldquo; Beilan Coin & quot; Network platform fund-raising project, behind the beautiful gimmick, is a fraud of illegal fund-raising

in order to attract victims into the trap, put on appearances, buy luxury cars, expand false publicity and attract investors

later, e to the conflict between shareholders, the operator was reported and arrested by the public security organ, the company project finally collapsed, and this illegal fund-raising case graally surfaced

7. Monetary funds have earnings every day, which can be queried on the fund company's website. However, the settlement date is different for each fund company on a monthly basis.
if all the earnings are redeemed, all the unsettled earnings will be redeemed together

8. There may be hundreds of them all over the country, but it's not clear. You can take a look at the online laizgou blockchain games and introce their development team. I know that Nanning blockchain development company in Guangxi has one that can also develop blockchain games.

9. Mining investment is large and the income is objective, but bitcoin is a virtual currency, and the price of bitcoin also fluctuates, so investment should be cautious.

10. First of all, you have to understand what bitcoin is and how it is generated. Bitcoin is a virtual currency, which is randomly generated by code programming, and the number is limited. Second, bitcoin mining machine is a programmed computer, which consumes a lot of power and costs a lot. A customer of mine has installed about 50 sets, which costs about RMB 1.5 million