Where does BTC exist after mining
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1. The above contents are for reference only, without any suggestions
2. 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. Investment is risky, so we should be cautious when entering the market
response time: February 9, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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the answer is yes. Bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone may participate in the proction of bitcoin. But bitcoin is not issued in unlimited quantity. According to calculation, by 2140, the total amount of bitcoin will reach the upper limit - 21 million. Recently, according to the data from blockchain.info, unless there is an accident, the 17 millionth bitcoin is likely to be g up in the future
it needs to be clear that each newly g out bitcoin block will generate 12.5 new bitcoins, and a new block will appear in the bitcoin blockchain every 10 minutes, so about 1800 new bitcoins will be generated every day. As the reward is reced by half for every 210000 blocks generated, mining becomes more and more difficult, but this does not mean that bitcoin mining machines can no longer dig bitcoin. In addition, it needs to be made clear that bitcoin will not stop running when it proces 21 million bitcoins, so even if the 1700th bitcoin will be g out, there are still 4 million bitcoins waiting to be g out. Even if it is more and more difficult to dig out bitcoin, it is not impossible. It is said that the new routing machine that originally g out digital gold will also launch the function of digging bitcoin in the near future. Compared with thousands of professional bitcoin mining machines, the new routing machine is more user-friendly in price and less difficult in mining
in the future, we believe that although bitcoin has gone a long way, bitcoin still has a long way to go.
Recently, the price of bitcoin continued to rise, reaching a maximum of US $41000. According to Mr. Liu, the manager of the mine, recently some customers have asked for additional orders, but the output of the mining machinery manufacturers is insufficient and they can't get a large number of mining machinery. Now they have to wait five months or more. Most of his customers have increased their positions in the middle of this year. At present, the prices of mainstream mining machines vary from 30000 to 60000, Mining takes about 12 months to recover the cost
therefore, if people really have mining ideas, they should not be dazzled by the impulse of the moment, and they should try to do it slowly. Today, the price of bitcoin continues to rise, largely because many mainstream investment institutions or investors begin to be interested in digital assets and begin to hoard bitcoin
bitcoin investment has great risks, the phenomenon of sharp rise and fall is not uncommon, and there are not a few people who have lost all their money. Therefore, it is not advisable to follow blindly and keep calm in investment
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extended data
bitcoin plummeted by more than 10%:
earlier on January 11, bitcoin once fell to $37000 / piece, the lowest to $35141, and the biggest drop in the day was more than 10%. According to the data of bitcoin home.com, the amount of burst positions in the past 24 hours reached US $1.165 billion (about RMB 7.530 billion), and a total of 115138 people burst positions within 24 hours
for the sudden drop, some netizens said: "what should come will come.". Cautious investors said that such a high position, I first clearance, short about
a total of 2100W bitcoins are issued, and each block is generated for 10 minutes, and a block rewards a certain number of bitcoins. In the beginning, 50 bitcoins were awarded for each block of mining. In the future, the reward was halved for every 21000 blocks (about once every four years). Now, 12.5 bitcoins are awarded for each block generated. The generation time of each block is 10 minutes, but with the development of computer technology, now the mining calculation power is increasing, so the generation time of a block must be less than 10 minutes, which requires certain control measures to ensure this time. This measure is the difficulty of mining. If the output time of each block is less than 10 minutes, the difficulty of mining will be increased. If the output time is more than 10 minutes, the difficulty of mining will be reced. The difficulty adjustment time is 2016 blocks, that is, 2 weeks
after every 2016 blocks, all nodes will automatically adjust the mining difficulty according to a certain formula. This formula is obtained by comparing the latest time spent in 2016 blocks in this cycle with the expected time (20160 minutes, i.e. two weeks)
new difficulty = old difficulty * (time spent in the past 2016 blocks / 20160 minutes)
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, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
warm tips: ① the above explanations are for reference only, without any suggestions. The relevant procts are issued and managed by the corresponding platform or company, and our bank does not undertake the responsibilities of investment, cashing and risk management of the procts
② there are risks in entering the market, so investment should be cautious. 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: January 28, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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first of all, mining is the main way to obtain bitcoin, but the current threshold of mining is relatively high. If you choose to mine by yourself, first you need to understand certain technology, then download the bitcoin client and mine by yourself according to the online bitcoin mining tutorial
however, in theory, bitcoin can still be mined with computers or graphics cards. However, e to the development of mining instry in recent years, the whole network computing power of bitcoin is extremely terrible (more than supercomputers), so if you want to mine with computers or graphics cards, you can't find bitcoin, If you want to dig bitcoin, you still need to buy mining machines. Now the better mainstream mining machines in the market have to be tens of thousands. Of course, there are cheap second-hand mining machines, but these second-hand mining machines are all obsolete ones, and the electricity cost of mining is relatively high
in addition to the second way of direct purchase, the digital currency exchange is a special place for bitcoin trading. If you want to own a bitcoin, you can buy it directly with money. However, it should be noted that there are many digital currency exchanges in the market at present. Many small exchanges are specialized in cutting users and eating customer losses for a living. Therefore, when choosing an exchange, it is better to focus on the head exchange. For example, Hufu, one of the head exchanges in China, I have been using it for nearly two years, and it is very stable and safe.
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
" Bitcoin Mining & quot; The concept of "gold mining" comes from the existing concepts in real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig
significance: compared with the special currency network, bitcoin mining is not only the basic guarantee for issuing coins, but also for maintaining the operation of bitcoin system; Behind every bitcoin mining activity is to create a new-type & quot; Note printing machine & quot
Bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transaction lines, and uses cryptography design to ensure the security of all aspects of currency circulationthe decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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 scarcity
Bitcoin is very power consuming and its value fluctuates greatly, which is similar to a speculative investment
To get bitcoin by mining requires a lot of power< p> What we need to know is that at present, the mainstream mines use graphics cards to improve the computing power of mining. Each miner has several graphics cards, and each miner has several miners. In this case, the power consumption is naturally high. But the point is that as long as anyone who has followed bitcoin news knows about it, even if bitcoin ranks among the world's top 30 power consumers, it will only surprise everyone, not particularly strange. Especially in the current bitcoin hot situation, more and more people are engaged in the mining instry, and it is expected that the power consumption will naturally increase 
with the further spread of this kind of virtual currency, dog money has graally come into people's sight, and more and more people want to invest in this kind of virtual currency. Because some very rich people will invest in this kind of virtual currency. For example, musk is keen on investing in dog money. In any case, there are a lot of people who can make huge profits