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What is the calculation power of 2070s Ethereum

Publish: 2021-03-24 12:39:46
1.

a brief history of etheric Classics (etc)

etheric classics began with an unfortunate event

in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem

basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met

despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations

the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million

there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13

after the Dao hacking, the Ethereum community has to choose from three options

< UL >
  • do nothing and try to bear the consequences of the attack; Or

  • start soft bifurcation to recover funds; Or

  • deploy a hard fork to recover the lost eth

  • both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions

    as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks

    although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable

    the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain

    those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain

    what problems does ethereal classic solve

    Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps

    although this function is the same as Ethereum (ETH), etc blockchain has two main differences

    first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified"

    secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply

    as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks

    the trading platforms recommended by etc

    hot money, okex, AAX, etc

    2.

    Graphics cards can't dig out bitcoin right now. Your calculation power is the calculation power of Ethereum. The calculation method is also wrong

    3. Lightcoin is 1.8g. The computing power of the whole network is only 8600gh / s, and 1080ti graphics card occupies 1 / 4700
    eth is only 32mh / s, 1070 has 40mh / s. Many people say that 1080ti can't pull up the computing power because of the high delay of gddr5x video memory. As expected, it's better to mine with a card. People on the Internet say that 480 can have 65mh / S computing power
    Zec, 724sol / s, nearly three 1060 3G, the total price is more expensive than three 1060 2K soft coins. However, compared with the short supply a-card rx4808g, the price of three cards is less than 5K, and the computing power is 900 + sol / s, but it's useless if there is a price but no market
    it's too wasteful to use this card for mining. It's just for fun and can't afford to hurt.
    4. Firstly, the cost of bitcoin mining can be divided into three parts:
    1. Machine cost: the cost of purchasing mining machine
    2. Power cost: the power cost consumed by machine mining
    3. Auxiliary costs: personnel maintenance, network, cable consumables, heat dissipation, etc.
    for a simple example, take the mining machine of ant S9, which consumes less power on the market, for example, the calculation power is 13.5T, and the power consumption is 1400W
    when the mining machine runs for 24 hours: 1.4kw * 24 = 33.6 degrees
    Shenma m3, which consumes more power on the market, has a calculation power of 11.5t, The power consumption is 2150w
    under 24-hour operation, the power consumption of a single machine is 2.15kw * 24 = 51.6oc
    which is roughly equivalent to the power consumption of energy-saving air conditioning, but the bitcoin miner needs 24-hour uninterrupted operation, the power consumption of a single machine is very large after a year's calculation, and the step price cost of household electricity is too high, When the market is not good, the income may not be enough for the electricity expenditure, so at present, mining will choose to be hosted in the mine, which can get cheap electricity and rece the cost price of mining. The price below 30% is the ideal price, which can keep the price of bitcoin falling to a low level, and there is still some income< According to the current mining difficulty of bitcoin:
    BTC revenue per ton: 1th / s * 24h = 0.00007087btc
    calculated by the comprehensive 12t machine computing power, the daily output is:
    0.00007087t * 12t = 0.00085044btc
    then the time required for a single machine to dig a BTC:
    1 / 0.00085044 = 1175 days
    the time required for ten mining machines to dig a BTC:
    1 / 0.0085044 = 117 days
    100 days In other words, according to the current difficulty, it takes about three years for a single miner to proce a bitcoin, 3.9 months for ten miners to dig a bitcoin, and 11.7 days for a hundred miners to dig a bitcoin. The cost of a single miner is about 8500, Ten are around 85000, one hundred is 850000, less than one million, and one month's income is more than two bitcoins. According to the current price of bitcoin, the price is about 120000. So, although the income of bitcoin mining is not as good as before, it is still considerable compared with other investment projects
    however, these benefits do not include decting the cost of electricity charges and later maintenance of machines, so the premise of mining is to find a mine with low electricity charges. If the quantity is large, we need to find a safe, reliable and stable mine. What's more, we need cheap electricity to lower the cost price.
    5.

    POW: full name of proof of work

    pos: proof of stake

    both of them are the consensus mechanism of blockchain and the bookkeeping method of digital currency

    the difference is:

    1. POW mechanism: workload proof mechanism, that is, the proof of workload, is the requirement that must be met when generating a new transaction information (that is, a new block) to be added to the blockchain. In the blockchain network based on workload proof mechanism, the ability of nodes to obtain the correct numerical solution to generate blocks by calculating the numerical solution of random hash hash is the specific performance of node computing power

    POS mechanism: the proof of rights and interests requires the certifier to provide a certain amount of ownership of cryptocurrency. The operation mode of the proof of rights and interests mechanism is that when creating a new block, the miners need to create a "currency right" transaction, and the transaction will send some coins to the miners themselves according to the preset proportion. According to the proportion and time of token owned by each node, the equity proof mechanism reces the mining difficulty of nodes proportionally according to the algorithm, so as to speed up the speed of searching for random numbers

    extended materials:

    the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. 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

    6.

    Every 100 S4 bitcoin mining machines consume 900W of electricity per hour

    7. Resolution:
    under normal circumstances
    1G=1000M
    1GH=1000MH
    1gh=1000mh
    8. Don't dig money directly. It's too much trouble. Get together and exchange GMCC with Ethereum
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