Bitcoin mining in 2009
The most advanced bitcoin mining machine, one to two years to dig out a bitcoin, bitcoin mining is now too difficult. If you want to dig, you can dig ether currency. Now it is steadily appreciating every day. According to the current development trend, it will be able to recover its capital in about seven months, and then it will be profitable< br />
It's about 37 yuan
let me first introce the reward mechanism of bitcoin system
bitcoin can basically dig out a block every 10 minutes through system settings. The reward for each block is given to the miners who dig out the block. The miner who digs out the block is called the block miner. The block miner will record the legal transactions in the bitcoin network to the blockchain, so that the miner can receive the service charge for bookkeeping
there are two parts in the reward for the block Miner: one part is the reward given by the system, which is called coinbase reward (also known as system issuance reward), the other part is the reward for bookkeeping, which is called miner's fee. The coinbase reward started with 50 bitcoins. For every integral multiple of 210000 blocks, the coinbase reward will be halved. This is what we often hear about bitcoin mining reward halved in four years
at the present stage, the reward of coinbase is 12.5 bitcoins. At the present stage, the average transaction miner fee received by miners for digging out a block is about 0.1 bitcoin (not fixed), that is to say, the average reward received by miners for digging out a block is about 12.6 bitcoin
about 99% of miners' rewards come from the system's coinbase rewards. According to the bitcoin system, one block can be g out every 10 minutes on average. The number of new blocks that can be g out in one day is 144 (60 * 24 / 10 = 144). At present, the number of bitcoins that can be g out every day is 1800btc (144 * 12.5btc = 1800btc). With the miner's fee of about 0.1btc per block, the total reward for all miners in one day is about 1814.4btc
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
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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
You can't dig in a day. It takes 2000 years
the global unified computing difficulty of bitcoin is 2621404453 (expected to change in two days). It takes more than 2000 years for a 2.5GHz CPU to work out a bitcoin
in order to make the graphics card fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. Many professional mines at home and abroad are operated in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even in a certain residential area in Yunnan, there was a case of crazy mining, which led to a large area trip of the residential area, and the transformer was burned
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bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system
bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer
when bitcoin was born in 2009, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
now it's very difficult to download the program from the official website and do it yourself, but it may take several years. The second way is to buy it. Now it's about 18 dollars, less than 100 yuan. Mt.gox, bitcoin's largest trading website. On the official website of bitcoin, there is a paper by Nakamoto Tsung, which details the technical principles of bitcoin. In short, bitcoin is based on a set of cipher codes and generated by complex algorithms; Anyone can download and run bitcoin software to participate in the proction of bitcoin; Bitcoin uses electronic signature to realize circulation, and checks repeated consumption through P2P network
by 2140, the total number of bitcoins was 21 million. I suggest you buy it
if you still don't understand, it's suggested to search in the search engine: laoan, or Duan Hongbin, who has many blogs and is easy to find, and also has QQ. Add friends and let him give you< In 2009, a mysterious hacker named Satoshi nakomoto first proposed the concept of bitcoin, and described a method of using computer networks to create an unmanaged "secret currency". Unlike other virtual currencies, bitcoin is not issued by a company or a central bank, nor linked to any real currency, but can be used to buy goods and services in the real world. In essence, it can be seen as a small string of encrypted code quickly transmitted and stored in the electronic wallet on the Internet
just as the P2P networks such as Napster and Skype have made the record instry and telephone instry in chaos, bitcoin, which challenges the modern monetary and financial science, is also based on P2P, which is the same as the BT download technology we commonly use. The advantage of P2P is to ensure that no institution can manipulate the value of bitcoin or increase the supply to create inflation. In a huge P2P network, bitcoin has a special algorithm, which proces about 300 bitcoins per hour. The output is automatically adjusted by the network. Because you can't control most of the network nodes, you can't modify the algorithm of each user to speed up the money proction
figuratively speaking, bitcoin is "mined" by computers all over the world. If you want to get bitcoin, you just need to install mining software, and your computer will start to do a lot of calculations, which is mining
no matter which computer is used to mine, it is easy to get 50 bitcoins in the early days of bitcoin. As early as January this year, 50 bitcoin was not worth $15, but on June 9, a bitcoin was worth as much as $29.55. If you trade them, you can get back $1500 of real gold and silver. Now, however, mining requires high-performance computers, and some developers involved say that it is estimated that an ordinary laptop will work for five years to get a bitcoin.
now in bitoffer, you can buy a bitcoin equity, that is, an option, for as little as $5.
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bitcoin is a string of code generated by an open-source P2P software, which we call cryptocurrency, e-currency and so on. Bitcoin is proced by mining. Generally speaking, bitcoin mining is to use your hardware to calculate the mathematical problems of sh265 algorithm, confirm network transactions, and ensure the security of the whole network system. As a reward, bitcoin system will give a certain amount of bitcoin reward according to the amount of computing power contributed by miners
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mining is bitcoin. Bitcoin will be generated several times every other period of time, and whoever grabs it will own it. The computer connected to the bitcoin system is the tool "miner" for grabbing bitcoin. As for the issue of national recognition of bitcoin, simply speaking, it depends on the possible impact on the country< br />