Final number of bitcoin

1.

There are only 21 million bitcoins

"graphics card mining" is a joke. In fact, it is running a specific algorithm to generate bitcoin through a large number of calculations

{rrrrrrr}

extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency 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. 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 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees

2. The total amount remains unchanged. It's easy to understand that the total number of bitcoins will not change. Developers are public, but they don't have private ones.
but they can be divided down, and there's nothing hard to understand. I have 1 yuan in my wallet. I can also say that I have 10 Jiao, 100 Fen, 1000 Li, 10000 milli, 100000 silk, 1000000 Hu, 10000000 micro. No matter what the unit of measurement is, I will neither become richer nor buy more, nor have any impact on the economy.

3. 1. The number of bitcoin is limited, because the original intention of the design is to have a currency with a fixed circulation, so that the final number can not be increased or decreased, so as to eliminate the inflation and deflation risks caused by man-made money printing. The specific number is determined according to the block and block reward principle:
the assumption is that six data blocks can be generated every hour in the world, and 210000 data blocks can be generated every four years; Then it makes a decreasing payment for the return of data blocks, 50 bitcoin for each data block in the first four years, 25 bitcoin for each data block in the second four years, 12.5 bitcoin for each data block in the third four years, and so on... Finally, the total number of bitcoins is -
210000 x (50 + 25 + 12.5 + 6.25 + 3.125 +...) = 21 million

the cumulative sum in brackets is close to 100 and will never exceed 100, so the total number of bitcoins is 21 million
currently in the second four-year period, each calculated data block contains 25 bitcoins

2. There is no loss of wealth. Many people at home and abroad are digging for bitcoin, and they are also speculating in bitcoin. Computer and Internet speed can only determine the speed of bitcoin digging, but not the value of bitcoin. Even if you say that we dig abroad, we fry. Now we buy a bitcoin for $300, and there will be no bitcoin to dig in the future. Maybe a bitcoin will sell for $3000, and then we sell it again, won't we make a profit? Where is the loss of wealth? Of course, maybe a bitcoin will be worth $3 at that time. Who can say that it is not born by the central banks

3. In addition to bitcoin, there are several similar virtual currencies such as lightcoin. However, they all adopt similar design principles. Therefore, in the future, there will inevitably be a problem that the currency will eventually be widely recognized, and other currencies that are not recognized will be eliminated. Otherwise, a new virtual currency can pop up at any time. It's not the same as printing money, which completely goes against their original design intention.

4.

The concept of 21 million

bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

bitcoin is not issued in unlimited quantity, which is different from most currencies. Bitcoin does not rely on a specific currency issuer. But according to the specific algorithm, through a large number of calculations. Its circulation is controlled by software algorithms. The total number is 21 million

extended materials:

generation principle

starting from the essence of bitcoin, the essence of bitcoin is actually the special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique[ 10] In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million

to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start. After completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to paste the address to others, and you can pay through the same client. After installing the bitcoin client, it will distribute a private key and a public key. You need to back up your wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost

5. The total amount is 21 million, about one block is proced every 10 minutes, and the number of bitcoins in each block is 12.5 after being halved twice, that is to say, 12.5 bitcoins are proced every 10 minutes

6.

21 million. Now the price of bitcoin is almost 70000

7. First, go to the grocery store owner, or players can buy a compass, and then you can dig in tianshengyuan. At level 13, you can use 2 compass, and at level 33, you can use 3 compass. The prospecting level is the number of times you use the compass, and you will have prospecting experience every time you use it In addition, after the prospecting level reaches 9, 15, 25 and 33, you can directly open the big map after using the prospecting compass in tianshengyuan, Hanquan, Xuanyuan and Xilei wasteland. The big map will show the source of ore, so you can directly rush to explore. 1, You can receive cheap plates (the most in the last holy fire activity, a snowman, after the debris activity) I have three (20) pieces at most, and I store more than 200 pieces, and then dig slowly. In addition, I usually pay more attention to the cheap plates in the world and put them away. If you don't even have the ability to save, I suggest you hang up because you are not suitable for business. 2. Prospecting: it's not necessary to make a profit if the price is cheap, but it's necessary to dig out enough quantity to make a profit. Mining has several aspects to pay attention to: 1) good mentality: to enre silence, mining on mining, don't play strange to dig again, specialized in one thing, to persevere, sum up the rules, don't complain, earn also want peace, business people. 2) Method: there is no 100% method, but there is a rule worthy of your reference, that is, to dig with enough disks at a time. If you dig with only one disk at a time, it is basically equivalent to buying a two-color ball, with five disks, 70% will lose, with ten disks, 50% will lose, 20 disks, 30% will lose, with 50 disks, 20% will lose, with 80 disks, only 3-5% will lose, Unless you're too bad. This is the rule that I have tried n times. You can try it. I often press 30 times to proce a sea soul, and then 30 times in succession. I usually take at least 60 plates to dig, and I often take 100 plates to have a rest. 3) Skill: if you don't go out for ten consecutive times, stop for ten minutes and have a rest; If you play continuously, don't stop. The speed should be fast. I've tried to play haihun seven times in a row. If you can't make it out, you can kill a trumpet and let yourself dig for a yellow name. It's easy to make a yellow name, but don't get red. That's too dangerous (if you're a businessman, don't ask why you want to kill people). The key position should be appropriate, the horse is better, at least three levels of 190 speed, high efficiency; Try not to change the map. When I lost money, it was because I changed the map. He counted again. It doesn't matter with time. If a lot of people are digging, you should stop. Don't dig a map with too many people. Don't beat the ancients and affect your progress. To dig in xilie, Xuanyuan is not good, and the ore yield is low. Enough is enough. Don't be greedy. If you've g more than four groups in the first 20-30, don't dig. You won't be able to make money in the back. Just make a small profit every time. Don't be greedy, or your luck will slip away. 4) mining ratio: Based on the cost of a group of 20 plates and a group of sea spirits, you can make more money, including leaving the fire. If less, you will lose. The plate received at a low price is calculated as business profit and is not included in the mining profit. 3. Selling ore: no matter how much we dig, we can make money by selling. There are several aspects worthy of our attention! 1) Timing: don't sell as soon as you find it. It's better to combine several people to fry the ore together and make a fortune. As for how to do it, think about it by yourself. At most, I use four trumpets to press the sea soul, a warehouse and a backpack. 2) Stall: send credit two trumpets, a stall behind the consignment, a stall in Ninghai, it's estimated that it's almost the same. 3) fire: fire is money, not money. One sells groceries 12Y, 20 on consignment, no problem. If you can control the market, you can sell to 40 or even higher. 4. Learn how to manage money: as a businessman, don't spend money indiscriminately. If you invest and operate in a planned way, you will have endless money and endless use. This game is free for life. Different people have different opinions

8. After the advanced level, the speed is getting slower and slower
changing the mining point does not help to improve the speed, only rely on the RMB props
miner's pick and amulet to improve the speed
Level 3 anonymous digging can
pay attention to squatting a mining point with others may affect the speed

9. Complete mining route:

1-75: copper mine will be found in the birthplace
75-125: segenite in wetland, tin ore and igneous ore (in spider hole)
125-175: alx highland, Nano iron mine (walking along the mountains)
175-245: there are two choices
① in the three holes of Filas: each hole basically has 3-4 secret silver
② it is mainly concentrated in the east of the wilderness, where there are JY Dragons: there are iron, secret silver and real silver
you can practice until 245
245: go to the fat man hole above LM stronghold, there are black iron, Se silver and secret silver, A lot of them have been trained until 275
275: you can dig fuser silver and start to make money. Ha ha
there are also two choices
①: East plague, there are five points to brush fuser silver on the Internet, And the chance of getting out of arcane crystal is high
②: go to the hole of the three JY worms in xlss (LR DZ small D is recommended) and each of them has 4-6 fuser silver

after 300, you can mix in Outland to 375!