Bitcoin gold mine

1.

Bitmine is real

bitcoin is proced by mining. Every 10 minutes, the miners of the whole network work out an arithmetic problem together. Whoever works out the answer first is equivalent to digging into this block, and the miner can get the bitcoin reward of system rebirth

after bitcoin is g in the mine, the income is distributed according to the proportion of the mine's computing power, so as to ensure a more stable input-output

every other time point, bitcoin system will generate a random code on the system node. All computers in the Internet can search for this code. Whoever finds this code will generate a block and then get a bitcoin. This process is often called mining. Computing this random code requires a lot of GPU operations, so the miners purchase a large number of graphics cards to get bitcoin profits more quickly, which is also an important reason for the recent shortage of graphics cards

2.

Bitcoin mining is a process that uses computer hardware to calculate the location of bitcoin and obtain it

mining is an incentive process to record data in the bitcoin system. In the bitcoin system, indivial users have the right to pack blocks after calculating a specific hash value by using CPU or GPU to hash

and in order to reward this user for packing blocks, the system will give a certain amount of bitcoin as reward. Because this process is very similar to "mining" in real life, most people call this process mining. In addition to bitcoin, other electronic virtual currencies can also be obtained through mining rewards, such as Ethereum, Monroe and so on

extended data:

mining risk:

1, currency security

the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin

2, system risk

system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income. However, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners

3. It depends on what kind of entity you are. Many blockchain combined with entity instry can apply several characteristics of blockchain. Decentralization, traceability, openness, fairness, permanence, irreversibility and security can be used by instry. Blockchain + entity application development (e-micro) 138

4. Gold has always been a perfect hedge asset. For those who do not trust the government and the modern monetary system, gold has always been a very good investment. However, after 2009, although gold is still a safe haven asset, it is no longer the only safe haven asset. Investors began to have another choice bitcoin. What's more, bitcoin will become the gold standard of the new era

the trend of bitcoin is forming a "modern gold standard". Many people who are worried about the stability of credit currency or eager to protect their assets before the next financial crisis are keen on this kind of electronic currency

e to the convenient trading, anonymity, value preservation and other characteristics of bitcoin, many investors rush into the bitcoin market and give up the gold market. Therefore, the sharp rise of bitcoin is unfavorable to the gold market

when the expectation of unknown risks is more and more strong, the hedging property of gold will be highlighted.

5. It's true. But be careful. The fluctuation is too big, so it is recommended to be carried out by professionals
unlike most currencies, bitcoin is not issued by specific currency institutions. 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 transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
it is a kind of network virtual currency with limited quantity, but it can be used to cash out: it can be converted into the currency of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy, sell or collect bitcoin, And in the transaction process, foreigners can not identify the user's identity information.

6.

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

7. I don't know if you're talking about gold mining. I think it's a game that has been played on the Internet before. The more you dig, the more addictive you dig. I think this form of him is to attract you to play this game and let you put money into it. I think it's easy. Don't believe these ways of making money on the Internet, because some of them may be set by some bad elements So we need to go to some formal platforms. For example, there are a lot of software that can make money. For example, today's headlines of tomato novels can make money. Although we don't make much money, slowly accumulating it will be a lot of wealth

8. Ponzi scheme is a kind of fraulent investment operation. It uses investors' own money to pay investors in return, or new investors' money to pay old investors, rather than the money earned by the company itself. When there are not enough new investors to join, the Ponzi scheme will collapse, and the final investors will suffer
bitcoin is a free software project without a central management organization, so no one can make a false statement about the return on investment. Just like other major currencies, such as gold, US dollar, euro, Japanese yen, etc., bitcoin can not guarantee purchasing power and the exchange rate is free floating. The resulting volatility makes it impossible for bitcoin holders to predict profits or losses. The fact is that bitcoin is being used by thousands of users and businesses because of its useful and competitive features.

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