Security risks of bitcoin mining power supply

1. bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money 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

warm tips:
1. The above explanations 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
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2. Naturally, there are many critics, but for capitalists, earning money is a good thing. In addition to bitcoin, many other virtual currencies are also consuming a lot of electricity, but making money. When Nakamoto proposed the bitcoin mining mechanism, it was mainly for the sake of fairness, and probably did not consider that people would be so crazy mining. There are also some coins trying to use some new mining methods, but this part is still very few.

3.

No matter what form or state money exists in, it is something that everyone likes, and it has been like this from the beginning. When people establish the concept of private property, they proce the general equivalent as the certificate of exchange. And this kind of equivalent from the beginning of the shell, and then to copper, silver, gold, paper money and so on, and even a located in the Western Pacific Carol islands Yapu island using stones for trading

therefore, people who do not know much about bitcoin are advised to enter the market carefully. Bitcoin is not a hedge. Its price fluctuates greatly. People who speculate in bitcoin may get rich overnight or become poor overnight. And many countries do not recognize the legitimate utility of bitcoin, and some countries even explicitly prohibit the use of bitcoin. The above personal opinions are welcome to be criticized and corrected. Agree with me, please click like before you go, thank you! Like me, please pay attention to me, thank you again

4. Hello, questioner:
in the very early days, when the computing power of bitcoin was very low, the computer could also carry out a lot of calculations according to the algorithm to "mine" bitcoin

when users "mine" bitcoin, they need to search for 64 bit numbers by computer, 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 group of numbers, they will get the bitcoin awarded by the block. However, e to the rising value of bitcoin, the number of users of bitcoin mining is very large. There are millions of professional mining machines mining at the same time, and the output of bitcoin is very limited every 10 minutes. As a result, tens of millions of people scramble for a block. Therefore, if you use personal computers to mine alone, you may not be able to grab a block in a whole year, People came up with a method of group mining, so the mining pool was born. There are a lot of users who play after mining
I hope you will adopt it.

5.

Global view is a public information mining platform

reward token GC in the process of reading information, so as to achieve revenue. Based on data engine mining technology, to ensure fairness, transparency and openness

on the information reading platform, a novice reading bag will be sent to you with a simple real name after registration. The effective time of the reading bag is one month, and you can read for three minutes every day to complete the task. The monthly output is 11.4 GC coins, which can be traded point-to-point on the platform

< H2 > extended information:

precautions

direct promotion new person award 0.6ge, subordinate re investment award is the same as 6% of the highest level of GC (with burn system) upgrade award, upgrade G2, direct promotion 10 people, personal activity 50, alliance activity 20000 can upgrade G2

GC is a reward coin for reading, which is decentralized, point-to-point trading, shopping and circulation, with a total amount of 2 billion. You can buy reading bags to get more output and sell them to make money

Ge is generated by recommendation certification award, commission transaction bonus award, and Ge pool is released into GC or purchased reading package in proportion every day

GSB is the platform currency and the only token of exchange transaction, with a total amount of 600 million. The purchase of reading bags above the low level can be given as a 1:1 gift, while the purchase of reading bags by the lower level can also get GSB reward

6. It's better not to believe bitcoin. I think it's a fraud. After all, it's a virtual currency. Let's believe in reality. If you want to invest, you can choose one with state-owned background, which is safer.

7. It's true. The checking process wastes the hardware resources of electricity consumption. In the past, the mine owner said that the electricity cost of about 3000 people's coins

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