How to destroy bitcoin

1. First of all, we need to find a mine pool which is easy to operate and proces stable output. The function of the mine pool is to subdivide the data packets for each terminal. We can pay the corresponding amount of bitcoin according to the proportion of the data packets calculated by the terminal through a precise algorithm
there are some points for attention in account setting. It is suggested to set a common account in e-mail
then there is the most important miner account setting. Miner obviously refers to CPU or GPU. You need to set an account for each CPU or GPU. Suppose you have two hd7990, you need to set four different accounts for four GPUs
after the account registration, it's time to take the second step. Download the bitcoin miner. Here we recommend the small and easy-to-use guiminer, which can support CPU, oepncl, CUDA and other computing modes. Your CPU and graphics card can achieve maximum performance
guiminer, a bitcoin miner, still needs to make certain settings. After the interface is changed to Chinese, it will be very simple
if the setting is correct, click the "start mining" button, the graphics card will soon enter the full speed running state, the temperature and fan speed will increase, and you can also monitor the state through gpu-z or graphics card driver
the computing power displayed by guiminer is only a theoretical value. To know the actual output of bitcoin, you need to log in to the mine pool website, btcguild, to monitor your account information
now let's assume that you have g up several bitcoins, which naturally exist in btcguild, a foreigner's website. They can't be traded or converted into paper money for the time being
the functions provided by bitcoin China trading platform are clear at a glance, and you can understand them as soon as you read them, so you don't need to introce them any more. After you register, you can study them slowly
click the "bitcoin recharge" function of bitcoin China trading platform, and the system will provide you with a one-time bitcoin digital wallet address. This address can only be recharged once (for security reasons of the platform). After successful recharge, it will be invalid, and then the system will provide you with another address. Remember to update the wallet address in time every time, Otherwise, it will lead to recharge failure or loss
OK, now we import bitcoin from foreign websites into bitcoin China website, and it's up to you to deal with it. Keep it for appreciation, listing and selling, and exchange it for RMB. Specific how to operate, this Chinese website is easy to operate, we slowly study it
finally, let's talk about the equipment used in the bitcoin mining test. At first, I thought it was just an ordinary hd7870, but its computing power was much better than that of the ordinary hd7870. The key is that guiminer recognized it as the Tahiti core, which is the only core of hd7900 series. Looking at gpu-z, the card originally had as many as 1536 stream processors, Generally, the hd7870 of Pitcairn core has only 1280 stream processors. No wonder Dylan's graphics card has super computing power
for friends who hang up for a long time, performance is not the most important, and stability is the most important.

2. Not only is there a bubble in the bitcoin economy itself, but even in bitcoin articles. A few weeks ago, I wrote some essays about my understanding of bitcoin; But my feeling is that I can't say exactly what bitcoin will look like in the future. And for all of us, what the future of bitcoin will be is probably one of the reasons why people are interested in this phenomenon. Therefore, instead of trying to judge in an unfamiliar field, I made contact with a number of economists involved in this field, who made a brief exposition of the future of the currency. It should be pointed out that I only seek the opinions of these economists through informal channels, so their statements on the future of the bitcoin are probably not so serious. Interestingly, many professors have not even heard of bitcoin, so they have not discussed it. I will probably consult them again later this year. Fortunately, I finally found some economists who are willing and able to participate in this topic. Here are their views on the future of bitcoin. Chris Robert, Professor of public policy and economic development at Harvard University: if a lot of smart people choose to believe more in a monetary system built and managed largely by anonymous computer hackers than in a monetary system built and managed by a real government, Then it can only be said that there are some problems. Fortunately, the situation we are facing is not so bad. For now, bitcoin is still largely a matter of media speculation, which comes from the ongoing financial turmoil and growing distrust in the global financial system. But this kind of media speculation is likely to prolong the ration of financial speculation. In this period, more and more financial experts will seek a new bubble and profit from it. Compared with corporate securities, futures and even derivatives, bitcoin's basic sense of value is more limited. Disintegrate and torn by dissension, the new loopholes will not lead to collapse of all the things. All of us do not care about the lack of anonymity. People who lose their private keys and may damage a small part of their wealth will not complain too much, and the improvement of the "mining" Trojan will not cause a sudden impact on the supply of bitcoin. Profit from any type of bubble may be a risky business, but there is no shortage of people who are willing to go all out in the global economy. Therefore, as an exciting new tool for financial speculation, bitcoin may continue to exist in the future. Robert McMillan, former FTC and Stanford economist, HNC advisors, head of portfolio management and director of quantitative research at investment companies: bitcoin is doomed. It's an unchangeable fate. Bitcoin has great value, such as easy to store, difficult to steal, and difficult to forge trading media. In particular, it will not cause species extinction (such as white oyster teeth or ivory), and will not cause direct damage to the environment; Unfortunately, anyone familiar with Paul Krugman's statement of "liquidity trap" knows that bitcoin's known and limited supply means that it is doomed not to be an effective alternative currency. In addition, bitcoin has no obvious use value (which is different from platinum), so it will be completely destroyed. However, the defect of bitcoin is proced in the process of its implementation, not in the idea itself. In my opinion, bitcoin will soon face competition from the new entrants of "currency 3.0" in this field. These new entrants will repair the defects of bitcoin, so they are more likely to realize the gold standard of currency acceptance, that is, to introce another important currency into the liquidity market of foreign exchange forward trading. In any case, we should pay attention to these new currencies. Their "mining" costs may be high, and their supply is unlimited, even with use value (such as passwords). In other words, the currency that really changes the market may be coming soon Matthew bishop, senior editor of the economist in the United States: as I recently published my e-book "in gold we trust?" on the future of money As pointed out in, the revival of gold and the emergence of bitcoin are just two sides of the same coin; In the era of "quantitative easing", the market has lost the sense of trust in the health of "legal tender" supported by the government, and both of them are the market's response to the lack of trust. I think that bitcoin and other digital money algorithms developed in Silicon Valley to control supply will help create a good way to store value. For these digital currencies, the biggest risk is that the government may take action to destroy alternative currencies other than legal tender. But what happens if a sovereign also issues an algorithm based currency? Will it push legal tender out of the market? Brett Gordon, a professor at Columbia University's business school: there are two main areas of discussion about the future of bitcoin. The first area of discussion is based on the short-term future. The focus is on when the bitcoin is a bubble. When will the bubble burst? As everyone knows, it is difficult to predict when a speculative bubble will end. If someone can be lucky enough to accurately predict the time of burst, then we can make a lot of money with this prediction. However, for us ordinary people, it is unrealistic to do this. Bitcoin's price chart reminds me of the Nasdaq market between 1995 and early 2000. Obviously, there are obvious differences between them; But in my view, what happened in the Nasdaq market ring this period can represent many of the price bubbles that have not yet been broken. From the trend chart of Google Trends, bitcoin also presents a similar form, indicating that when the media craze about digital currency graally fades, investors' interest in this kind of currency may also fade. The second category focuses on the long-term future of bitcoin. The focus is: what will the bitcoin market look like in the next five to ten years? Compared with predicting when the bubble will burst, it is more difficult to predict the long-term future of the bitcoin market. I think one of the important contributions of the bitcoin market is that it can serve as a "proof of concept" for decentralized secret money. Bitcoin has two advantages. One is that it is deflationary in nature; Second, transactions using bitcoin are anonymous. Given the recent series of financial crises and growing concerns about online privacy, these two benefits are good for bitcoin, as well as for any secret currency that will rise in the future. Peter Rodriguez, a professor at the University of Virginia's Darden School of business: at first glance, bitcoin is nothing special; In fact, almost everything can be used as "pseudo money.". Moreover, deep concerns about fiat money and measures to avoid the risk of relying on central banks are nothing new. In fact, in the post gold standard era, the popularity of legal (paper) money is surprising. However, when the market's confidence in fiat money graally weakens, people will turn to recognizable and reliable value storage methods, which is not unimaginable in the current world. After the fall of the Berlin Wall, Russia and other countries separated from the former Soviet Union used highly functional "Trinity" currency substitutes, that is, cigarettes for small items, vodka for medium items, and French brandy for high price items. To some extent, bitcoin is just a package of virtual cigarettes; But on the other hand, this virtual currency is revolutionary. Cigarettes have inherent value, and can be used for many purposes like cotton, even a little like gold; In contrast, the pricing of bitcoin is spontaneous, and its applicability as an alternative currency is not as good as paper currency or baseball card. Therefore, if bitcoin can establish its own value and let investors have confidence in it for a long enough time, the mechanism that can eventually turn this currency from a popular means of value storage into a real currency may begin to form and develop; Then bitcoin could become a reliable trading medium and index value, having its place in the world's monetary system. Even if bitcoin is only used to measure the value of goods ultimately traded in "real" currency, it will become a brand new thing, that is, real virtual currency regardless of country, rooted in the market's confidence in the whole set of rules established around this currency. Of course, bitcoin may "implode", which is not extremely impossible; However, any currency will always be tested, and all currencies have experienced a survival crisis.

3. 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
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4.

Token Network Forum provides: if you want to short, you also need to have the corresponding capital. At present, as a new player, it is difficult to buy a large number of bitcoin. And because most people are in the holding state, it is difficult to make bitcoin circulate with each other

buy a lot of bitcoin and let it continue to buy high and sell low. If you can hold on, bitcoin may be short
as long as you can continue to spread the shortcomings of bitcoin and rece the number of people who hold bitcoin, it will basically affect the operation of the exchange. If bitcoin can't be traded in circulation, there will be only some learning

the principle of bitcoin shorting:

this shorting is to convert your money into more bitcoins. However, in order to make money, after you get more bitcoins, you can only make money if bitcoin rises. Like China's stock market, there is a reason to increase positions when it falls. But what I want to tell you is that short selling can't make money

different from the short principle of spot market, the short principle of spot market can make money when it falls, and the position in hand is unchanged. But bitcoin changes your position. In the same way, China's stock market falls more and more, sharing the cost of building positions equally, and then waiting to rise

after understanding the principle of bitcoin shorting, we get the answer: in short, this kind of shorting is actually false

5.

According to the data of okcoin, a well-known digital asset trading platform in China, yesterday (June 14), most of the trading hours of the currency price showed a narrow consolidation operation. The amplitude was less than 4% from the opening to 20 o'clock in the evening, and then there was a big drop, reaching the lowest of 18136 at the close. As of today's press release, currency price inertia fell to the lowest 17425 line, the latest trading at 17800

According to analysts of okcoin bank, the daily line level, yesterday's daily line closed the spindle line with short upper and lower shadow lines, and the 5-day moving average crossed the 10 day moving average to form a high dead cross. The trading volume continued to shrink and the trend of this level weakened; At the 4-hour level, the moving average system (5, 10, 20) formed a downward divergent pattern of short positions after being glued, and MACD index continued to operate in the weak area below the zero axis; 1 hour level, short trend is also good, temporarily deviated from the bottom of the volume and price, short-term rebound or finishing demand

to sum up, the current major cycles, including the daily line, have entered the short-term operation pattern, and the probability of effective stop fall reversal is very small, so don't rush into the market to buy the bottom. In view of the current market, we can only take short-term strategy and intervene in batches at important (important) support levels. Focus on the support range of 15600-16000 within the day. If the price stops falling in this area, you can build a position to intervene. The upper pressure focuses on the platform low of 17800, and rebounds to this position. The nearby area will leave and wait. Personal suggestions, for reference only

HP will deploy corda, a blockchain platform, to its mission critical system, HP's high capacity, high value workload platform. The representative of r3cev, a blockchain alliance, explained that corda was designed in such a way that the bank's IT department could understand, deploy and manage, and they did not have to reconsider the specific operation method. HP is understood to be able to allow corda to operate in the way it requires

at present, HP Labs, HP mission critical systems and R3 POC projects have proved the compatibility of R3 corda and HP fault tolerant server integrity nonstop platform

r3cev, a global blockchain alliance, researches blockchain solutions for enterprise customers, banks and national institutions. According to Babbitt's previous report, R3 has successfully completed a round of investment and financing recently, with a harvest of US $107 million. So far, it's the largest DLT investment in the world. Investors include bank of America, Merrill Lynch, HSBC and Japan's SBI group. Other large banks involved in this round of financing include the Netherlands resettlement bank, bradsk Bank of Brazil, United Bank of itawu, foreign trade bank of France, Barclays Bank, United Bank of Switzerland and Wells Fargo Bank

6. Don't go. Here's a piece of news. On April 21, 2016, the Public Security Department of Guangdong Province held a press conference to inform the public security organs of Guangdong Province of the relevant situation of "hurricane 2016" in cracking down on illegal fund-raising crimes, focusing on four typical cases of such crimes. Vicat is one of the four typical cases of illegal fund-raising and pyramid selling crimes in the name of investing in network virtual currency[ 2] China Daily [3], Phoenix information [4] and other media all reported this.

7. In short, the computing power of quantum computer is too strong. It can even be said that in the future, there may be a quantum computer with more computing power than all ordinary computers in the world, and then such powerful computing power can realize tasks that could not be completed before, such as cracking the bitcoin wallet by exhaustive inverse operation, That is to say, the bitcoin you bought with a lot of money will be easily stolen. Do you think it will collapse?