12 computing power of bitcoin in the whole network

The following is the distribution chart of computing power:

the computing power of bitcoin is mainly controlled by some mine owners in the world, and the computing power of retail investors is very small, almost negligible. The computing power of China's mining pool even accounts for more than 80%, and China's voice is increasing

however, many digital currencies no longer need to be mined. Some digital currencies will be directly sent to investors through ICO, and Puyin is one of the representatives, but these digital currencies generally correspond to real assets

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

{rrrrrrr}

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

Computing power is a measure of bitcoin network processing power. That is, the speed at which the computer calculates the output of the hash function. Bitcoin networks must perform intensive mathematical and encryption related operations for security purposes. For example, when the network reaches a hash rate of 10th / s, it can perform 10 trillion calculations per second

in the process of getting bitcoin through "mining", we need to find its corresponding solution M. for any 64 bit hash value, there is no fixed algorithm to find its solution M. we can only rely on computer random hash collisions. How many hash collisions can a mining machine do per second is the representative of its "computing power", and the unit is written as hash / s, This is called workload proof mechanism pow

computing power provides a solid foundation for the development of big data, and the explosive growth of big data poses a huge challenge to the existing computing power. With the rapid accumulation of big data in the Internet era and the geometric growth of global data, the existing computing power can no longer meet the demand. According to IDC, 90% of the global information data is generated in recent years. And by 2020, about 40% of the information will be stored by cloud computing service providers, of which 1 / 3 of the data has value

therefore, the development of computing power is imminent, otherwise it will greatly restrict the development and application of artificial intelligence. There is a big gap between China and the advanced level of the world in terms of computing power and algorithm. The core of computing power is the chip. Therefore, it is necessary to increase R & D investment in the field of computing power to narrow or even catch up with the gap with the developed countries in the world

unit of force

1 KH / S = 1000 hashes per second

1 MH / S = 1000000 hashes per second

1 GH / S = 1000000000 hashes per second

1 th / S = 100000000000 hashes per second

1 pH / S = 100000000000 hashes per second

1 eh / S = 100000000000 hashes per second

computing power refers to computing power, refers to that in the process of getting bitcoin through "mining", we need to find its corresponding solution M. for any 64 bit hash value, there is no fixed algorithm to find its solution M. we can only rely on computer random hash collisions. How many hash collisions can a mining machine do per second, is the representative of its "computing power". The unit is written as hash / s, which is the so-called proof of work mechanism (POW)