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Sichuan flood bitcoin

Publish: 2021-05-25 16:21:44
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.

Although many countries do not recognize the value and status of bitcoin, bitcoin is still popular in recent years, and its existence is controversial. Some people say that it has no practical significance, just a number. If it is not officially recognized by the world, mining is a constant waste of energy. Some people say & lt; No one can be sure whether bitcoin is a black horse or not


in fact, bitcoin is calculated and proced through computer networking, also known as mining. At the beginning, there was a personal computer to dig, but the efficiency was relatively low, and the cost of graphics card was low. Then there was a special bitcoin mining machine, ranging from several hundred to two or three hundred thousand yuan


when we talk about bitcoin, we naturally need blockchain because of the blockchain, bitcoin can become bitcoin. It is a secure general ledger for all payments and transactions. It can be said that everyone can contribute to the update. We need to solve a very complex mathematical problem by brute force& mdash; Hash algorithm to complete a block

many people want to know the value of a bitcoin. In fact, the price of bitcoin is changing all the time. We need to check the figures of that day. At present, the price of a bitcoin is less than 30000

3.

To be honest with the Chinese, bitcoin's fall will not have a great impact on the whole. China has issued a request to the bitcoin exchange that all consumers clear their hands of bitcoin. On the whole, the impact is not great. The reason why bitcoin falls so hot is mostly because the sharp rise in the front is in sharp contrast to the current slump. What's more, at that time, everyone invested in this thing, and the topic was full{ RRRRR}

anyway, as melon eaters, we should eat melons. It's better not to touch it. It's better for those friends who lost money to stop loss in time. Don't be investment risk, two lines of tears of relatives

4.

25000 mining troops in Sichuan: a flood cost hundreds of millions, most afraid of power failure and loneliness

these computing power are scattered along the Da River, a tributary of the Minjiang River. They inlge in the night of Dalate Banner in Ordos, and sleep soundly in a small city in Yili Kazakh Autonomous Prefecture of Xinjiang

today, bitcoin's total network computing power has reached about 30 billion hash collisions per second, equivalent to about 600 tianhe-2 supercomputers, and it is still growing at a high speed. " Wu Jihan, the founder of bitcontinent, wrote in the beauty of computing power

he preached a set of infinitely beautiful "computational aesthetics", but behind the aesthetics is the cruel computational world and interests. Mining is moving towards instrialization step by step and becoming a game of capital

at this time, decentralized mining machines and pools began to appear. They called themselves revolutionaries and wanted to change the extremely monopolized bitcoin world

"cloud computing power mining" is one of them

their way of playing is to establish a number of distributed mines and provide computing power leasing services with tens of thousands of real mining machines

"the current computing power is too concentrated, and some decentralized play methods are difficult to change the current pattern and ecology." Li Ke said

but the essence of blockchain is decentralization. The miners still have the belief that eventually the mining instry will be broken by the decentralized mining pool

this may be the only belief that keeps them going

how long will it take

"5-10 years, slowly nibbling at the giant's territory." Li Ke said

but will giants wait for the revolution? Will they fight back

the battle of computing power and the spark of revolution have just been ignited

source; Sina Technology

5. 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
6. 18 minutes
2 km, direct, walk 250 meters

Longcheng square subway station
1 walk 3 meters to Longcheng square subway station, take M303 (via 3 stations for 16 minutes)
2 get off at Chenglong garden, and walk 207 meters to Longgang central city
7.

The price of bitcoin has experienced a decline and then peaked again. Now the price of a bitcoin has exceeded $60000, which is a miracle. I'm not a miner myself, and I don't really know much about bitcoin. It's just that some of my colleagues are often in touch with finance, so I've heard something about bitcoin. In my opinion, as a kind of digital currency, bitcoin's value is not very high. After all, every country is developing its own official digital currency. Now let's talk about the mining world behind bitcoin{ RRRRR}

Third, how to look at the future direction of bitcoin

in fact, when listening to the news about bitcoin, I also found such a strange place, that is, when the price of bitcoin rises sharply, I can hear overwhelming news about bitcoin, but if the price of bitcoin falls, there will be very little news about bitcoin. So it can be seen from here that there are special people who constantly operate on the special currency. And their purpose is very simple, that is to let a large number of funds flow into the bitcoin market, to take orders for these people, because they have got a very high price for bitcoin. At such a price, they need to let others exchange their bitcoin with cash. So in my opinion, bitcoin investment is very risky

8. Bitcoin mining machines need a lot of electricity. The electricity charges in Xinjiang and Inner Mongolia are cheap, but Sichuan doesn't know
9.

Bitcoin has not been officially recognized by the state, has not been incorporated into the legal system, and lacks corresponding supervision. Its high anonymity determines the high risk of the market. To this end, Zhao Xijun reminded that bitcoin trading has a high risk, "bitcoin trading is open all day, with few chips, and the price is easily controlled by the makers. Investors should not blindly follow the trend of speculation, and once they suffer losses, there is no way to complain."

bitcoin, as the original scheme of technology, plays a similar role as gold standard currency in the whole system. A large number of applications may not necessarily use it as the transaction medium, but the value of bitcoin will directly affect the value of the whole application field of blockchain technology

10.

Extreme weather now has a new group of victims - digital money diggers. Last week's heavy rain in Sichuan and the heat wave in Europe have affected the global bitcoin computing power. At the same time, extreme weather also gives us a glimpse of the impact on (the world) if China successfully expels the bitcoin mining instry

like other governments, Beijing is also worried about the huge energy consumption of virtual currency exploitation. According to authoritative statistics, the global electricity consumption for bitcoin mining can meet the domestic electricity consumption of 6.5 million American households. Although some analysts doubt the impact of China's bitcoin mining on the global virtual currency computing power, there is no dispute that China's miners still dominate the field of digital currency mining

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