What can be paid with bitcoin
bitcoin lacks stability, so it doesn't have "inherent value", it's just a virtual proct. If we recognize its legitimacy, it will have a significant adverse impact on the banks of all countries, and even can replace the currencies of all countries. Finally, a few people will manipulate the world's monetary system, which is a very dangerous existence. It's not money. Whether it's legal or not depends entirely on whether a country recognizes it as legal or not< At present, the United States, China and South Korea all think it is not a currency. Among the big countries, bitcoin is only recognized as the "unit of account" by the German Ministry of finance, but it is only a unit of account, which does not mean that it is mainly a currency.
otherwise, it's a good thing. unshakable.
There must be radiation from virtual currency mining, including mobile phones and computers, not to mention mining
Mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the networkit can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network
this process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin
however, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks
after the last bitcoin issue, mining is still necessary
extended data:
bitcoin mining machine is a computer used to earn bitcoin. This kind of computer generally has professional mining chips, and mostly works in the way of display card, which consumes a lot of power
one of the ways to get bitcoin is that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server
the popular digital currencies in 2013 are bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, barbecue coin and prime currency
At present, there are more than 100 kinds of digital currency in the worldbitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce
bitcoin mining started with low-cost hardware such as CPU or GPU, but with the popularity of bitcoin, the mining process has changed greatly
nowadays, the mining activities are transferred to the field programmable gate array, and the hash speed can be achieved through optimization, which has very high mining efficiency
resources: Network - bitcoin mining machine
"Realtek Semiconctor Corp" means
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