What does bitcoin power do
The following is the distribution chart of computing power:
the computing power of bitcoin is mainly controlled by some mine owners in the world, and the computing power of retail investors is very small, almost negligible. The computing power of China's mining pool even accounts for more than 80%, and China's voice is increasing
however, many digital currencies no longer need to be mined. Some digital currencies will be directly sent to investors through ICO, and Puyin is one of the representatives, but these digital currencies generally correspond to real assets
Bitcoin bulls often mention that the scarcity value of this cryptocurrency is the main reason for its continued rise. Bitcoin is similar to gold to some extent. The growth of its supply is extremely slow, and it is still slowing down. Its total supply will only reach 21 million
with the increasing interest of institutional investors and retail investors in bitcoin, global exchanges such as the Chicago Board of options (CBOE) have launched bitcoin futures contracts. This is likely to encourage more institutional investors to invest in bitcoin, while at the same time further curbing the price volatility of bitcoin
this much anticipated bitcoin futures trading has been launched on the Chicago Board of options exchange, which represents a significant step in the legalization of cryptocurrency. Futures is a derivative / financial instrument, which can force dealers to buy and sell an asset at a specific time and price
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What does 1p mean
first of all, 1p computing power is equivalent to about 1.05 million g, which means that if you have 1g computing power of the whole network, you can get almost 1.05 million of bitcoin output of the whole network. According to the output of 3800 bitcoins per day, we can see that the daily income of 1g of computing power has dropped to 0.0036 bitcoins, which is about 2.7 yuan according to the current market price. If the electricity cost and mining machinery hardware cost are included, the profit is almost gone
secondly, 1p's whole network computing power seems amazing, but in fact, in a year's time, you will think it's just a pediatrics, because cointera will launch 2p miner in December, and bitmine will launch 4P miner in March next year. If these companies are not put in biochemical weapons by Syria, it should be expected that bitcoin's whole network computing power will reach more than 10p in a year's time, By then, 1g of computing power will only be able to dig 0.00036 bitcoins a day.
computing power refers to computing power, refers to that in the process of getting bitcoin through "mining", we need to find its corresponding solution M. for any 64 bit hash value, there is no fixed algorithm to find its solution M. we can only rely on computer random hash collisions. How many hash collisions can a mining machine do per second, is the representative of its "computing power". The unit is written as hash / s, which is the so-called proof of work mechanism (POW)