Detailed explanation of BTC miner fee

1. At present, only a few algorithms of virtual currency are meaningful, such as XPM (prime currency, used to solve prime numbers), GRC (Greider currency, used for scientific operation), etc. I have been using CPU to dig XPM, although my income is limited. In fact, these currencies also have the excellent properties of bitcoin, but they are not favored by most virtual currency lovers. The price is very low, which is really distressing.

2.

It's about 37 yuan

let me first introce the reward mechanism of bitcoin system

bitcoin can basically dig out a block every 10 minutes through system settings. The reward for each block is given to the miners who dig out the block. The miner who digs out the block is called the block miner. The block miner will record the legal transactions in the bitcoin network to the blockchain, so that the miner can receive the service charge for bookkeeping

there are two parts in the reward for the block Miner: one part is the reward given by the system, which is called coinbase reward (also known as system issuance reward), the other part is the reward for bookkeeping, which is called miner's fee. The coinbase reward started with 50 bitcoins. For every integral multiple of 210000 blocks, the coinbase reward will be halved. This is what we often hear about bitcoin mining reward halved in four years

at the present stage, the reward of coinbase is 12.5 bitcoins. At the present stage, the average transaction miner fee received by miners for digging out a block is about 0.1 bitcoin (not fixed), that is to say, the average reward received by miners for digging out a block is about 12.6 bitcoin

about 99% of miners' rewards come from the system's coinbase rewards. According to the bitcoin system, one block can be g out every 10 minutes on average. The number of new blocks that can be g out in one day is 144 (60 * 24 / 10 = 144). At present, the number of bitcoins that can be g out every day is 1800btc (144 * 12.5btc = 1800btc). With the miner's fee of about 0.1btc per block, the total reward for all miners in one day is about 1814.4btc

3. This is hard to say. Ant miner once said that its mining cost is only about 200 yuan. In September 2014, major mining machinery manufacturers generally believed that their mining cost was around 2000. To be specific, the following figure is the basic information of bitcoin mining Revenue:

4.

Tesla may support bitcoin payment, which means that there is a "man in the middle entity" processing system between consumers and terminal merchants . Consumers transfer bitcoin from their "digital wallet" to this entity, which converts it into US dollars and gives it to merchants

for example, including at & amp; Companies including T and Microsoft have accepted bitcoin payments through the cryptocurrency payment processor bitpay. Bitpay has begun to accept payments from some luxury car dealers, but has yet to work with Tesla

the transaction settlement of "man in the middle" processing system is to avoid the impact of bitcoin price volatility on businesses. Payment giant PayPal is expected to allow cryptocurrency transactions on its network by the middle of 2021, but still chooses to settle transactions through the intermediary Paxos trust company

companies like Paxos trust company issue so-called "stable currency" linked to US dollars to customers, which means that businesses and paypal do not have to hold bitcoin directly

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extended materials:

Tesla's innovation has two sides.

experts believe that Tesla's innovation may be that it will cancel the "middleman" in the future and create its own currency processing system, which can be used to accept bitcoin payments and carry out liquidation when necessary. In other words, consumers can directly transfer bitcoin to Tesla's system, and Tesla can choose to hold bitcoin or choose to liquidate

but it also means that Tesla needs to set guaranteed exchange rates for its customers in a very short period of time. "Tesla is likely to continue to price electric vehicles in dollars, and if consumers choose to pay for bitcoin, the price could last for five minutes," said Denny masters, chairman of coinshares

an investor who has been optimistic about Tesla for a long time told China Business News: "from the perspective of currency over issuance, musk has his own views, and Tesla's investment in bitcoin is worthy of attention."

5. go to library

6. The default miner fee of hicoin wallet is calculated by the blockchain network. In general, the higher the miner's fee, the faster the block confirmation.

7.

In fact, the mining calculation of bitcoin is to do math problems together. The problem stem is the transaction that needs to be recorded. By doing the problem, everyone grabs the bookkeeping right, and the miners can get system rewards and transaction fees. The feature of sha256 algorithm used in bitcoin is that it is easy to verify the known answers correctly, but it is very troublesome to get the answers, and it needs to try one by one. The miner who got the answer first was recognized by everyone as having snatched the right to keep accounts, and the reward was given to him. Let's continue to grab the bookkeeping right of the next question. In short, the significance of these calculations is only to ensure the stability and safety of the whole system, and there is no more significance

it is not comprehensive to regard bitcoin as a by-proct of computing. The generation and issuance of bitcoin, all the transactions and circulation in the bitcoin chain, and the stability of the bitcoin system are the purpose of computing and are integrated. Of course, in addition to maintaining the system, it does not proce other value and procts. This is also a black spot where bitcoin is accused of not being environmentally friendly and wasting resources. In general, bitcoin, as a milestone blockchain digital currency, is e to the huge value of a large amount of computing power investment and user trust. There is no doubt about that

8. You need to register an account on the pool first, and then go to the address given in help to get the latest version. Chinese can be used.

9. In the process of digital currency transfer, such as BTC and eth, miners' fees need to be paid. Miner's fee is the fee given to miners in the blockchain network, which can encourage miners to package transactions and maintain the safe and stable operation of the blockchain network. Miner fees can also be understood as transaction costs in blockchain network, similar to transfer fees in daily life
characteristics of miner's fees:

miner's fees are constantly changing, and the specific amount is determined by the status of the blockchain network at that time
different blockchain networks have different ways to calculate miners' fees
the higher the miner's fee is, the better the transaction will be packed by the miner
not all token transfers need to pay miner's fees, for example, EOS and Tron transfers do not need to pay extra miner's fees
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.

10. Miner's fee refers to the incentive fee paid to miners ring digital currency transfer. This amount is not fixed. Of course, the more miner's fee you pay, the faster it will be packaged. It can be understood as the transaction cost in the blockchain network. If you are interested, you can learn about celletf