Most bitcoin miners

1.

mining is perhaps one of the most important components of the bitcoin ecosystem. Miners need to solve complex mathematical problems, so as to ensure the smooth implementation of the transaction. These problems are so complex that they are difficult to solve even for extremely powerful computers. Computers need work and luck to solve these mathematical problems, just as miners dig underground. The chance of solving this problem correctly is about one in 13 trillion

bitcoin mining has two purposes. Firstly, by solving mathematical problems, bitcoin miners can verify the transaction information, so as to ensure the security and reliability of bitcoin payment network. Miners are the people who ensure that transactions are accurate and that there is no "double payment."

Secondly, when the computer solves these complex mathematical problems on the bitcoin network, the system will generate new bitcoin, which is similar to the process of mining gold from the ground. The reward is called "block reward", and after the event called "halving", its amount will be periodically halved. The newly discovered concept of bitcoin is an important part of bitcoin protocol. The bitcoin obtained by the miners is brand new and has never been in circulation before

since miners will eventually sell the bitcoin, it is also an important source of supply and liquidity. As chainalysis reports, many digital currency exchanges rely on miners to receive bitcoin and increase their liquidity. Typically, exchanges get about 88% of bitcoin from other exchanges, and bitcoin miners are the largest source of the remaining percentage. As you can imagine, there is fierce competition between exchanges to receive bitcoin directly from miners

further enlarge the map, most of the mining activities are only carried out in four provinces, the first two provinces are Xinjiang and Sichuan, accounting for nearly half of all bitcoin mining in China. Electricity prices are cheap and the weather is cold in these areas. This helps to keep mining profits and equipment cool ring the 24 / 7 operation and maintenance period of bitcoin mining

but this is nothing new for digital currency issuance. For many years, China has been a major market for bitcoin miners e to its cheap electricity and abundant resources. Bitmain, f2pool and Canaan are all located in China

whether this is a negative or positive message depends on your point of view. But for decentralized, distributed, unlicensed networks, geographic regions across multiple entities are more healthy for the entire ecosystem

2.

You can't dig in a day. It takes 2000 years

the global unified computing difficulty of bitcoin is 2621404453 (expected to change in two days). It takes more than 2000 years for a 2.5GHz CPU to work out a bitcoin

in order to make the graphics card fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. Many professional mines at home and abroad are operated in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even in a certain residential area in Yunnan, there was a case of crazy mining, which led to a large area trip of the residential area, and the transformer was burned

extended data:

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 bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer

when bitcoin was born in 2009, block rewards were 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 block reward will be halved to 25

when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. 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 about 21 million

3. Bitcoin is the most popular virtual internet currency in the world. It can also buy a lot of things now. This kind of virtual currency can be obtained through the function of mining machine.? So how to get bitcoin? First of all, your computer should be installed with the latest version of bitcoin client. After opening the client, it will automatically download all the transaction information data on the network to the local. Depending on the network speed, this process may take several hours. At this time, your account balance is 0, you can ask your friends to send you some coins, but there are two more feasible ways: one is to do business, the other is to do mining. Many domestic users choose the second way, that is to do mining. More and more people are willing to work as miners themselves and let their computers proce bitcoin! It sounds tempting - just one computer can make money! The bitcoin g up by yourself as a miner can be converted into real RMB at bitcoin China trading platform! Now the threshold is higher than before. It's better to need professional computers. The difficulty of bitcoin mining is directly proportional to the amount of money that has been mined. The more difficult it is to mine, the more difficult it will be. After 20 million bitcoins are mined out in 2030, the remaining 1 million bitcoins will probably take decades to be mined out. At present, if the computer is on 24 hours, it will take about three months to dig a bitcoin.

4. There are a lot of bitcoin forums, but most of them have no meaning of existence
the following are several well-known bitcoin forums
domestic:
Avalon official forum: it mainly discusses Avalon mining machine, and Avalon will also timely announce the latest news and progress of Avalon mining machine
bitcoin house: a comprehensive bitcoin forum. Bitcoin house is not only a forum but also an information station. You can not only participate in the discussion and interaction, but also view the latest instry information of bitcoin
foreign:
bitcointalk is the largest bitcoin Instry Forum in the world. Some instries will make complaints about it.
reddit bitcoin area, equivalent to China's internet post bar, is more active and has less restrictions on posting.

5. Bitcoin is a scam. Many people say that bitcoin is a game of pyramid selling and drumming, which proves that those people still have a little insight, a little vision and a little intelligence, but they don't see the final truth after the truth of the matter!!! If you want to enter the market to speculate in bitcoin, what is the biggest benefit? Ha ha, the answer is unexpected! yes! Yes, Intel, NVIDIA and AMD make the most money! You want to fry bitcoin, you want to mine! So what do you need? yes! It's equipment! You see, because some stupid people believe this kind of nonsense, Intel NVIDIA and AMD's CPUs and graphics cards are the most popular in recent years, and they also drive the mining machine and motherboard and so on! Amd even turned over the counter attack with the money from mining! When you wake up, other people's graphics processors are sold out. No matter whether you take over the disk or not, the big three have already got the money! Top up my answer! Let more people know the super truth after the truth! Who am I? I am the emperor of truth!

6. It's different!

7. Mining is the most primitive "exploration method" to obtain digital currency. In essence, it is to solve a complex mathematical problem with computer. If blockchain is compared to a large account book, the block in which is a page in the account book, and all miners are bookkeepers, the process of mining is bookkeeping, and also to maintain the normal operation of the whole network

take bitcoin as an example. Every 10 minutes, all the miners work out a math problem together. Whoever works out the answer first is equivalent to digging into the block and taking it as a reward to get the corresponding bitcoin. Mining equipment is the first to use computers. With the rising price of bitcoin, more and more people participate in mining. CPU mining has graally turned into a professional graphics card. In recent years, it has become a specific mining machine. This evolution is e to the problem of computing power. As I said just now, mining means "all miners work out a mathematical problem together." the higher the computing power, the stronger the hardware computing power and the faster the speed

warm tips:
① this information does not constitute any investment suggestion, and investors should not use this information to replace their independent judgment or make decisions only based on this information
2. Investment is risky, so we should choose carefully. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: March 23, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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8.

Nakamoto's mining is unreliable

On October 31, 2008, a person named Nakamoto published a research report called bitcoin: a peer-to-peer cash payment system on a secret cryptography discussion group, which elaborated the new idea of e-money

soon after, he developed an operating system for bitcoin issuing, trading and account management on the platform of P2P (peer-to-peer or person to person) peer-to-peer network and distributed database, combining the working mode of open source software and block cipher in cryptography

the system enables all nodes throughout the peer-to-peer network to reach network agreements according to their seed files, so as to ensure fairness, security and reliability in currency issuance, management and circulation

after the advent of bitcoin, it quickly attracted the following and attention of geeks. However, what is puzzling is that after leaving bitcoin in cyberspace, Nakamoto Tsung has not been as frequently active in the bitcoin community as before, but graally faded out of the public's sight

in the spring of 2011, after leaving behind the sentence "I started to do something else", Nakamoto completely evaporated from the Internet space. No one can know his real identity, only that this mysterious figure left 2 million bitcoins for himself in the earliest block he owned, and these bitcoins have not been passive yet

people want to see the true face of Nakamoto, and even use the powerful human flesh search tool to search, which is still fruitless, Even the two Google engineers who later took charge of repairing the bitcoin project claimed that they had never found and met Nakamoto at the scene

extended data mining is a process of increasing bitcoin money supply. Mining also protects the security of the bitcoin system, prevents fraulent transactions, and avoids "double payment", which means spending the same bitcoin multiple times

miners provide algorithms for bitcoin network in exchange for the opportunity of bitcoin reward. The miners verify each new transaction and record it in the general ledger

every 10 minutes, a new block will be "mined", and each block contains all the transactions from the generation of the previous block to the present, which are added to the blockchain in turn

we call the transactions included in the block and added to the blockchain "confirmed" transactions. Only after the transaction is "confirmed" can the new owner spend the bitcoin he gets in the transaction