There are several ways to mine digital currency
mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners
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 the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer
extended data:
to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network
if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes
by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />
trading mining online time: June 2018
Project Introction: bit-z, founded in Hong Kong in 2016, provides digital asset trading and OTC (over-the-counter trading) services
dividend method: "transaction mining". Users who participate in the transaction can get a refund of service charge (in the form of equivalent BZ, and need to complete three-level certification); Each phase of 10 million BZ will be released step by step, and each phase of 10 million BZ will automatically enter the next phase. The return ratio of each period will decrease by 3%
total number of tokens issued: 1.2 billion BZ.
the simplest digital currency that can be found is directly referred to the exchange for cash after it is found.
it's very refreshing.
for example, q-coin is digital currency, which can be obtained by recharging
bitcoin, for example, is expensive now. It's not worth it or not. This kind of digital currency is not supported in China
virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency
in 2013, the central bank, together with five ministries and commissions, issued the notice on preventing the risk of bitcoin, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, not in the form of currency and legal currency< At the same time, digital currency is different from electronic payment. In the actual use experience, digital money and electronic payment may feel similar, but they are still quite different in essence. Before digital currency, the financial instry has been highly informationized. Such as Internet banking, WeChat, Alipay and so on pay the popularization of electronic technology, physical cash accounts for only a very small part of the total circulation of money. In spite of this, because the money used in the transaction comes from the bank account, it actually corresponds to the banknotes.
2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
response time: January 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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