Why does bitcoin's computing power change
Publish: 2021-05-18 02:28:16
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
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 will 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
2. Bitcoin and bitcoin cash (BCH) have the same mining mechanism. Miners will choose whether to dig bitcoin or bitcoin cash according to the level of mining income. It is a normal phenomenon that bitcoin computing power increases and bitcoin cash computing power decreases
in short, it is a redistribution of computing power driven by interests.
in short, it is a redistribution of computing power driven by interests.
3. Ming Ma went to buy cigarettes yesterday and bought 20 bags. Give the boss 50, find me 40, I pack in my pocket and go, not far away, the boss called me: you didn't take the cigarette! I left moved tears, took out ten yuan to the boss: you give me ten yuan more. The boss also left moved tears: young man, bring the cigarette, I will change a bag for you. Smoking the cigarette that the boss changed for me, the pure flavor can't help touching me again: boss, take the 50 one just now, and I'll change it for you. The boss took over the 50 and was moved again: young man, give me your change just now, and I'll change it for you. After receiving the money my boss gave me, I was moved again. I took out a mobile phone from my pocket: boss, I'd better give it back to you. The boss tears, shaking out a wallet: young man, wallet to you. At this time, the young man couldn't control it any more. He fell on his knees and cried, "brother, go to room 304 of the hotel next door and take your daughter back home from primary school!". The boss was surprised and sighed. He turned back to the shop and yelled, "red apricot, the watch is hiding. Come out and go back with your husband!"———— Are you thinking of me when I miss you
4. 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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
5. 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 money 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
warm tips: according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
the above explanation is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: January 12, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
warm tips: according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
the above explanation is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: January 12, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
6. It's hard to say. If the currency price continues to fall, the miners generally lose confidence in bitcoin, and the mining income is seriously lower than the mining cost, then a large number of miners will stop mining, and the computing power will drop sharply. In addition, because the major countries in the world adopt a more stringent attitude towards bitcoin, such as China and the United States, bitcoin's computing power may also drop sharply, or even disappear
but bitcoin mining as an infrastructure, if bitcoin can continue to exist, although the income of mining is reced, for the security of the whole bitcoin network system, some big bitcoin companies may invest in mining to maintain the security of bitcoin network system. In addition, the future of bitcoin will become more clear and bright. Bitcoin's computing power will not decrease, but will increase.
but bitcoin mining as an infrastructure, if bitcoin can continue to exist, although the income of mining is reced, for the security of the whole bitcoin network system, some big bitcoin companies may invest in mining to maintain the security of bitcoin network system. In addition, the future of bitcoin will become more clear and bright. Bitcoin's computing power will not decrease, but will increase.
7. Bitcoin is a kind of cryptocurrency, but because the blockchain technology was used to lock the market area at the beginning, the amount of bitcoin in the market is certain. If users want to get bitcoin, they have to spend power and computing power to "dig" bitcoin, so mining machines appear. The figurative metaphor is that the miner is a machine used to dig bitcoin. Its emergence not only improves the efficiency of digging bitcoin, but also promotes the rapid development of the instry
cryptocurrency has an exchange, but its price is determined according to the change of stock in the market. Many people want to buy bitcoin and other currencies, they have to go to these exchanges to buy, sell and other operations. In other words, the exchange provides a platform to facilitate bitcoin trading. Because of its encryption property, it is difficult for the regulatory level to uniformly deploy and implement relevant measures, so many countries prohibit bitcoin trading
but even so, bitcoin still has a high transaction value, part of which is the labor and cost of digging out coins, part of which is e to market factors. The total amount of coins is determined, so every coin g out will be one less. From the perspective of Marketization, the value of bitcoin will be higher and higher. Therefore, many people think that bitcoin has great value-added space, and many investors choose to hold bitcoin for a long time. As a result, the underlying bitcoin value is locked in. Later, bitcoin was also used in some social activities. For example, some foreign companies used bitcoin to pay their employees, and even bitcoin could be used for shopping
once the underlying value is determined, the sharp rise and fall of bitcoin is dominated by market behavior. This kind of uncertainty is more serious, and the market fluctuates more frequently. In the absence of relevant credit endorsement support, naturally, once there is any disturbance, bitcoin's value will fluctuate greatly.
cryptocurrency has an exchange, but its price is determined according to the change of stock in the market. Many people want to buy bitcoin and other currencies, they have to go to these exchanges to buy, sell and other operations. In other words, the exchange provides a platform to facilitate bitcoin trading. Because of its encryption property, it is difficult for the regulatory level to uniformly deploy and implement relevant measures, so many countries prohibit bitcoin trading
but even so, bitcoin still has a high transaction value, part of which is the labor and cost of digging out coins, part of which is e to market factors. The total amount of coins is determined, so every coin g out will be one less. From the perspective of Marketization, the value of bitcoin will be higher and higher. Therefore, many people think that bitcoin has great value-added space, and many investors choose to hold bitcoin for a long time. As a result, the underlying bitcoin value is locked in. Later, bitcoin was also used in some social activities. For example, some foreign companies used bitcoin to pay their employees, and even bitcoin could be used for shopping
once the underlying value is determined, the sharp rise and fall of bitcoin is dominated by market behavior. This kind of uncertainty is more serious, and the market fluctuates more frequently. In the absence of relevant credit endorsement support, naturally, once there is any disturbance, bitcoin's value will fluctuate greatly.
8. In the early stage, no one thought that bitcoin and digital currency could serve the entity. But in order to make the new market prosperous, some people must start to hype and boost the popularity. You know, at the beginning of bitcoin, it was only a few dollars. After someone ate a pizza with 20000 bitcoins, people could see the physical application function of bitcoin. Then bitcoin became popular- Speculation is also one of the reasons for bitcoin's rise
in the medium term, with the long-term speculation of bitcoin, some people also realized its value, and some teams began to develop bitcoin technology. In this way, with the passage of time, the technology of bitcoin is perfect, the quantity is rare, the hype is fierce, and bitcoin is sought after by all kinds of gods, so the price will slowly go up
in the later stage, after the implementation of application, promotion and entity trading, people feel that the rise of bitcoin should be taken for granted.
in the medium term, with the long-term speculation of bitcoin, some people also realized its value, and some teams began to develop bitcoin technology. In this way, with the passage of time, the technology of bitcoin is perfect, the quantity is rare, the hype is fierce, and bitcoin is sought after by all kinds of gods, so the price will slowly go up
in the later stage, after the implementation of application, promotion and entity trading, people feel that the rise of bitcoin should be taken for granted.
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