How does bitcoin do it

1. The new bitcoin is proced through "mining", which is a competitive and decentralized process. This process involves indivials serving the bitcoin network and getting paid for it. Bitcoin miners use dedicated hardware to process transactions and protect bitcoin networks, and collect new bitcoins ring transactions

bitcoin protocol is designed to issue new bitcoin at a fixed rate. This makes bitcoin mining an extremely competitive instry. As more and more miners join the bitcoin network, it becomes more and more difficult to make profits. Miners must seek efficiency to cut proction costs. No central authority or developer has the right to control or manipulate the system to increase their profits. Any behavior that does not comply with the rules required by the system will be rejected by any bitcoin node in the world

bitcoin is issued at a predictable and graal decline rate. The number of new bitcoins will be halved year by year until the total number reaches 21 million. By then, bitcoin miners may be able to support only a large number of small transaction costs.

2. Users can buy bitcoin, and at the same time, they can use computers to do a lot of calculations according to the algorithm to "mine" bitcoin. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins. Due to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes. By 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, 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
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
3. The above explanation is for reference only. 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: February 5, 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

3. At present, you can only buy bitcoin through the exchange or trading platform, although you may have heard of it in convenience stores, such as Taiwan's family & RLM; F‏ a‏ m‏ i‏ l‏ y‏ M‏ a‏ r‏ t‏ Or bitcoin & RLM; A‏ T‏ M‏( Fragrance & RLM; But there are trading platforms operating behind them

the more famous trading platforms are: Fire coin network, & RLM; O‏ K‏ E‏ X‏， 58c‏ o‏ i‏ n‏, Chinese currency, etc

finally, I would like to remind you that only the & RLM; B‏ i‏ t‏ c‏ o‏ i‏ n‏ It really belongs to me. No matter how much bitcoin you have on the trading platform / cloud mining platform, there is a risk of being stolen by hackers / platform failure. Please pay attention

bitcoin is still an emerging financial proct under development, and its price will fluctuate greatly. Please do what you can.

4.

Just now, as of 23:00 on March 3, bitcoin is now 71976 RMB. At the beginning, when I knew it was very expensive, I also asked this question, how to dig this thing

many mining machines with large amount of calculation will proce a lot of heat in the operation, so they need to consume a lot of electricity for cooling

of course, mining can also be carried out on a small scale with a few mining machines. At this time, you can join the mine to dig with everyone. No matter who digs in the mine, everyone will distribute according to the speed of throwing dice, which can ensure a more stable income

at present, there are many people digging bitcoin, so they have high requirements for the computing power of mining machines. At present, it costs thousands of dollars to dig a bitcoin. Therefore, we should not blindly evaluate the income risk before making a decision

I'm brother Xiaoyu. If you have any questions, please pay attention to me and leave a message below for us to discuss

5. Mining
1-75: copper ore (smelting experience, can be excavated 1-4 times) is associated with poor quality stone and malachite
it's easy to dig in the birthplace, plus smelting experience, 50 + mining experience can be easily achieved

75-125: tin ore (smelting experience, can dig 1-4 times) 50 skill requirements, associated with tiger eye stone, shadow stone, rough stone
tin mine is also a very popular mineral. It is recommended by tribes to go to barren land / coniferous forest; The League recommends Chiji mountain

silver ore (smelting experience, can dig 1-4 times) 75 skill requirements, associated with tiger eye stone, rough stone
silver mine is the first rare mine we can encounter. Copper mine generates silver. That is to say, after a certain copper mine is collected, there is a certain chance to refresh silver mine next time. Of course, silver mine is also used as an independent refresh in advanced map. The tribe here recommends barren land / thousand needle stone forest; The League recommends Chiji mountain

125-175: iron ore (can be excavated 1-4 times) 125 skill requirements, accompanied by heavy stones and topaz
there are many places, but none of them is relatively distributed. However, I still suggest to go to the shining plain at the edge of the thousand needle Stone Forest - & gt; Tanalis, there's a lot of data going back and forth on this line

gold mine (smelting experience, 1-4 times of excavation) 155 skill requirements, accompanied by heavy stones and topaz
this is the second kind of rare ore that we can meet, and the last kind of ore with experience in smelting. Iron generates gold. Similarly, after the iron ore is collected, the next refresh will have a certain chance to refresh gold. Of course, the advanced map will refresh, but it is rare

175-245 mitag mine (can be excavated 1-4 times) 175 skill requirements, accompanied by solid stone, turquoise and ruby
two places are recommended for large-scale collection:
1. Barren land, as shown in Figure 1, will brush three secret silver in area a and two secret silver in area B. the refresh of these two places is very fast, and a circle of maps outside can't be finished, so areas a and B will refresh
2. If you think that there are too many people in the barren land, I recommend a small place, the altrank mountains, as shown in Figure 2. In the cave of area a, 2-3 secret silver will be refreshed each time, and in the refresh point outside, 3 mines will be brushed each time. This place has few people, and the map is small, and the refresh is relatively fast, which is suitable for a large number of collection

300-330, mainly to dig the magic iron ore
first of all, dig many magic iron ores distributed on Hellfire Peninsula clockwise
If Hellfire Peninsula is full of miners, go to ZANZA swamp
330-355, mainly mined from Mengshan iron mine and Jiangang iron mine
going to nagland grassland to dig hard steel ore can not only improve skills, but also sell the ore at a good price
at the same time of digging hard steel ore, magic iron ore can also be collected together, even in the later stage, the consumption of magic iron ingot is still considerable
355-375, mainly mined from Moxian iron mine and Jiangang iron mine
yingyue gorge is the best choice for mining hard steel mines
if the level is not enough, you can also choose to practice mining skills in the tiroka forest
don't forget to continue to search for magic iron ore while digging hard steel ore in yingyue canyon
if it's a PvP server, it's very safe to dig magic iron ore in taroka forest to improve mining skills<

world of Warcraft mineral distribution

black coast: copper, tin, silver
damolo: Copper
lota: Copper
lockmodan: copper, tin
mogaorei: Copper
wetland: copper, tin, silver, iron
barren land: copper, tin, silver Iron ore
Irvine forest: Copper Mine
shizha mountain: copper mine, tin mine, silver mine, iron mine, Mithril
western wilderness: copper mine, tin mine, silver mine
ash Valley: copper mine, tin mine, silver mine, iron mine
Chiji mountain: copper mine, tin mine
thousand needle Stone Forest: copper mine, tin mine, silver mine, iron mine, Mithril
Twilight forest: copper mine, tin mine, iron mine Gold mine
desolate land: copper mine, tin mine, silver mine, iron mine, Mitsui, gold mine
tirisfalin: Copper Mine
st mud swamp: copper mine, tin mine, iron mine, gold mine, Mitsui
Yinsong forest: copper mine, tin mine, silver mine
tanalis: Iron Mine, gold mine, Mitsui, true silver, silver
Hillsbrad hills: copper mine, tin mine, silver mine Iron ore
Filas: iron ore, gold ore, Mithril, true silver, silver ore
otalanc Mountains: copper ore, tin ore, iron ore, gold ore, silver ore
Isala: gold ore, Mithril, true silver, silver ore, silver ore
fewood forest: gold ore, Mithril, true silver, silver ore
thorn Valley: tin ore, silver ore, iron ore, gold ore, Mithril, silver ore True silver
angoro crater: gold, Mithril, true silver, sehril, fuhril
barren land: silver, iron ore, gold, Mithril, true silver
sirisus: Mithril, true silver, sehril, fuhril
sad swamp: iron, Mithril
Dongquan Valley: gold, Mithril, true silver, sehril, fuhril
scorching Canyon: iron, Mithril, sehril, fuhril Black iron
hindland: silver mine, iron mine, gold mine, secret silver, true silver, Se silver
moonlight woodland: there are no ore spots at present
curse land: gold mine, secret silver, true silver, Se silver
Burning Plain: gold mine, secret silver, true silver, black iron, Se silver, Fu silver
West plague land: gold mine, secret silver, true silver, Se silver, Fu silver
East plague land: gold mine Secret silver, true silver, Se silver, Fu se Silver

6. Send bitcoin

7. Two years ago, a guy from Shenzhen bought a house in Shenzhen with dozens of bitcoins. The specific content and price are not clear, but it should be sold on the platform first and then bought with money. At present, there is no platform to buy a house directly with bitcoin, but it is estimated that this guy also regrets that the price of house still can't keep up with the rising speed of bitcoin, You go to okex and see how many times it's up.