TaiFang gold mine
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design 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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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Bitcoin mining is a process that uses computer hardware to calculate the location of bitcoin and obtain it
mining is an incentive process to record data in the bitcoin system. In the bitcoin system, indivial users have the right to pack blocks after calculating a specific hash value by using CPU or GPU to hash
and in order to reward this user for packing blocks, the system will give a certain amount of bitcoin as reward. Because this process is very similar to "mining" in real life, most people call this process mining. In addition to bitcoin, other electronic virtual currencies can also be obtained through mining rewards, such as Ethereum, Monroe and so on
extended data:
mining risk:
1, currency security
the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin
2, system risk
system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income. However, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners
The wealth myth of "one coin, one villa" is still widely spread in the currency circle, and new investors are eager to try. But in fact, a stable power structure has been formed in this small circle, from mining machinery manufacturers to large mine owners, and then to mining pools
manufacturing and selling mining machines, mining, building mines and building ore pools, the "mining circle" has become another way to get rich in the blockchain world, and mining machines have also become a little-known "big business"
according to the imagination of Nakamoto, the inventor of bitcoin, the ideal state should be "decentralized", with computing power scattered all over the world. However, contrary to decentralization, the mine pool is absolutely centralized, and more and more mining machines are connected to the mine pool
this article was first published in the Southern Weekend
"if speculation is a road of no return, then investment in mining machinery is a business that can make a steady profit without loss, and it is only a matter of time before the cost is recovered." Zhong Xi, general manager of Shenzhen Aibo times Technology Co., Ltd., calculated an account. A miner earns 200 yuan a day, which can be recovered in 120 days, and then the profit
in October 2017, in addition to his main business, Zhong Xi joined the mining army and quickly became a big boss in the mining circle. He operated many large mines in Jiangxi, Sichuan, Guizhou and other places
in fact, the business of "steady profit without loss" still depends on the continuous rise of currency price. In the past two months, the price of bitcoin has dropped from US $15000 to about US $10000, or even below US $6000 at one time, which has extended the cycle of mining machinery return. If it keeps falling, the profit will be far away
in 2012, four years after the advent of bitcoin, mass-proced mining machines appeared. Before that, mining was mainly a private activity, which could be completed by a home computer“ At that time, the home computer was the money printing machine, and a lot of bitcoin could be g up every day. " Huang Shiliang, a senior digital currency player who sold mining machines in his early years, recalled to Southern Weekend reporters
after the emergence of mining machine, mining began to be "socialized", with the emergence of mines and pools, and mining became a collective work. The indivial miner is entrusted by the mine, just like the workers on the proction line, as long as they are there, they can get paid every day
manufacturing and selling mining machines, mining, building mines and building ore pools, the "mining circle" has become another way to get rich in the blockchain world, and mining machines have also become a little-known "big business"
China has become the world's largest procer of mining machinery. Since 2012, a number of miner manufacturers have been born in China, such as Shenzhen bitquan Co., Ltd., which proces cat roasting miner, bitmainland, Jianan Yun and Yibang communication, which are now famous. In Huaqiangbei, Shenzhen, foreigners can be seen everywhere asking about the price of mining machinery with translators
recently, in an interview with the media, the CEO of bitcontinental, Mr. Zhan Ketun, said that this startup company, which has been established for only four years, had a revenue of about US $2.5 billion in 2017. Bitcontinent is known as the world's largest miner, whose ant miner has always been the hard currency of the coin circle and miner world
just like the coin circle, the mining circle also needs belief that the mechanical mathematical operation of mining machines every day can create great wealth
However, contrary to the "decentralization" advocated by bitcoin, the miner's world is moving towards "centralization". Miner dealers build their own mines. After the investors buy the miner, they are entrusted by the seller; The procers build their own mines and manage themthis process of "centralization" made the wealth of the mining circle snatched by a few people, and it was not easy for Zhong Xi to enter the core circle
calculation force "centralization"
the main function of the mine is to provide a place for scattered mining machines to operate. But it is the "ore pool" that really plays the role of integration
the so-called "mine pool" can be simply understood as "cooperative mining". The miners and the mines give the calculation power to the mine pool, and the mine pool is used as the only address to access the digital currency network for mining, and then distribute dividends to the miners according to the calculation power of the mining machine
the history of ore pool is longer than that of mining machine. In November 2010, the mine pool named slush appeared. Today, its official website says "the world's first mine pool", which is also recognized by the coin circle. Compared with the mine, the construction of the mine pool needs certain technology, and the threshold is relatively higher
the person in charge of a well-known domestic mine pool explained the principle of the mine pool to the Southern Weekend reporter. He compares mining to buying lottery tickets. If you dig alone, the probability of winning the lottery is very unstable. You may win 100000 today, but you won't in the next six months
"gather the people who buy lottery tickets together and buy them in a unified way. No matter who wins, they will be divided according to the proportion of money they pay. In the coin circle, the mine pool plays this role. " The person in charge said
it's not complicated to connect the mining machine with the ore pool. According to the operation guidelines of the major ore pools, it can be completed in a few steps, and then according to the calculation power provided by ourselves, we can get benefits from the ore pool. The miner is like a worker standing on the proction line, receiving a fixed salary every day
the mine pool with huge computing power and many mining machines has an absolute say in the coin circle and the mining circle. For example, if you want to issue a new digital currency or dominate the bitcoin bifurcation, you generally need to get the support of the mine pool. Without the support of the mine pool, no one will dig the new currency, so it is meaningless
in addition, when a hot new coin comes out, the mine pool can also use its own miners to pack it quickly and take the lead in the rush purchase of these new coins
in June 2017, when SNT and EOS were issued, Southern Weekend reporters witnessed the scene of minchi snapping up tokens. Because there are too many investors, many indivial investors can not put their funds into the designated position, but the person in charge of a mine pool can easily complete this operation
according to the imagination of Nakamoto, the inventor of bitcoin, the ideal state should be "decentralized", with computing power scattered all over the world. However, contrary to decentralization, the mine pool is absolutely centralized, and more and more mining machines are connected to the mine pool
on January 18, 2018, Emin Yun silash, a computer professor at Cornell University, and other five people co authored a paper pointing out that there is an implicit power structure behind bitcoin and Ethereum, the two major digital currencies, and mining is too centralized, in which 50% of bitcoin's computing power is controlled by the four major mines
In fact, this problem has always existed. Four years ago, the founder of Ethereum, vtalik, noticed this problem when he wrote Ethereum white paper. He wrote: "this problem can be said to be very serious. At the time of writing this article, the two largest mines indirectly controlled about 50% of the computing power of the whole network." Up to now, this problem has not been solved. An early translator of the Ethereum white paper told the Southern Weekend reporter, "this is not a technical problem, but a human problem."5
recessive power structure
in the mining circle, the top of the food chain is mining machinery manufacturers. At present, the three recognized mining machinery manufacturers are located in China. Through the proction and sales of mining machines, they get a lot of profits. At the same time, they also set foot in the construction of mines and pools, and have the right to speak in the whole coin circle
ant mining pool is one of the top two large mining pools in the world, and its computing power accounts for 17% of the total network computing power. However, according to instrial and commercial data, it was founded by bitmainland; Several investors of Jianan Yun are also investors of Hangzhou mining Pool Technology Co., Ltd., which has its own mining pool hash and mining platform, but the mining pool has ceased operation at the end of 2017
Yibang communications has set up three blockchain companies in Hohhot, Wuhai and Zhundong Economic Development Zone in Inner Mongolia. A salesperson of Yibang communications told reporters at Nanfang Weekend that they have mines and mining businesses in these three places, but these mines have been operating at full capacity, and there is no machine space to host new mining machines"we are building a new mine in Irkutsk, Russia, where electricity charges are much lower and new mining machines can be hosted there." The source said
above the mining machinery manufacturers, it is the harvest of chip giants“ The core technology of mining machinery lies in the chip. Whoever has the chip can proce more mining machinery. " Ding Yang told reporters at Nanfang Weekend that the chips are mainly in the hands of several giant manufacturers, such as TSMC, NVIDIA, AMD, etc
since 2015, TSMC has always been the largest chip supplier of Jianan Yun. In 2015, the chips purchased by Jianan Yun from TSMC accounted for 69.62% of all the chips purchased by Jianan Yun. Since then, this figure has been maintained at about 60%. Most of the profits of Jia Nan Yun Zhi were made by TSMC
On January 18, 2018, at the presentation meeting of TSMC's fourth quarter financial report, chairman Zhang Zhongmou said that although the mobile business prospect this year is weak, the company's revenue will still grow by 10% - 15%. One of the key factors is the demand for chips e to the continuous and steady development of cryptocurrencyunder the mining machinery manufacturers, there is another power structure. Jianan Yun disclosed this secret in its 2017 prospectus. In the first four months of 2017, four of the top five customers of Jianan Yun were "indivials". According to public information, three of them are well-known "wrists" in the currency circle
Wu Gang, the largest customer, was the first group of miners, and later founded haobtc, which has one of the world's top ten mines; Lin Zhipeng, the second largest customer, is the founder of Xiaoqiang mining machinery. He has been engaged in the proction and sales of mining machinery for a long time. He has been cooperating with Xie Weiqin, the sixth largest customer; Wang Jin, the third largest customer, founded bitbang, a coin circle information websitethese big customers are not simple miners, they all have their own influence in the coin circle. Mechanical operation of the mining machine to bring them income at the same time, also brought the right to speak
according to an insider in bitmainland, most of the big customers in bitmainland are big guys in the currency circle. However, bitmainland officials declined an interview with the Southern Weekend reporter. The company's Public Relations Department responded that it was not convenient to disclose the content because it signed a confidentiality agreement with its customers
"one coin, one villa" wealth myth is still widely spread in the currency circle, and new investors are eager to try. But in fact, a stable power structure has been formed in this small circle, from mining machinery manufacturers to large mine owners, and then to mining pools
most of the new entrants can only make the harvested "leeks"
but it will take several passes. Different gold mines cost different Q coins, and the location of the ethereal treasure house is also different. The general gold mining area takes 100000 light years to arrive. If your remaining life is less than 250000 years (because there are still 50000 years for mining and considering the return time), recharge your life before you start.
game companies can control the economy in the game by controlling the generation of game currency (the rate of losing treasure). So, are game companies really omnipotent? The answer is No. what do game companies fear most
it is the offline transaction of players. After the players meet, they trade in RMB. I will give you money and you will give me the best equipment. In this way, they can directly skip the monitoring of the game company and affect the economic balance of the whole game
this is the reason why many online games prohibit players from trading offline, and even the game props can't be given away at all, because they are afraid that RMB trading will damage the economic system in the game
when playing the game, all players understand that the money, gold coins, diamonds, gemstones and so on in the game are essentially fake money. What is real money? It's RMB
you can only use RMB to exchange the currency in the game. The currency in the game can never be converted into RMB
you only need to understand this logic, and then replace the game company with the government
you can easily understand the essence of bitcoin. Whether it's US dollar, pound sterling or RMB, it's all issued by governments, and the government is equivalent to a game company
as long as you survive in this country, all your transactions should be completed through legal tender. However, the emergence of bitcoin is equivalent to "player offline trading". You can bypass the government and freely switch property among various countries. In the logic of bitcoin, US dollar, pound sterling and RMB become fake currencies, while bitcoin becomes real currency
the reason why bitcoin can become a real currency is that it is non renewable. There are only 21 million bitcoins, which will disappear after digging. Bitcoin, like gold, is non renewable. Whether you believe it or not, at least its logic is self consistent
but the currencies of different countries are different. As long as the government feels that it is short of money and turns on the banknote printing machine, it will be able to run full power for printing
this leads to inflation. I don't need to say anything about inflation. Comparing prices 20 years ago, 10 years ago and today, I believe everyone has his own understanding of inflation. In China, it is self-evident how much house prices have soared in the past two decades
many people buy a house not because they don't have a house to live in, but to fight against inflation. Ten thousand yuan to buy financial procts, ten years later, it will become twenty thousand yuan; Ten thousand to buy a house of one square meter, ten years later, it will become 100000 yuan
"house" was essentially "real currency" and "hard currency" before the emergence of bitcoin. The rich buy a lot of real estate to fight against inflation, but the house also has its disadvantages: first, if you really commit a crime,
the house can't be taken in your pocket, and the government should check and seal it, so there are still many risks; Second, a large number of houses are often difficult to sell, and the transaction takes a long period of time; Third, even if the house is sold, a lot of cash can not be transferred overseas. The emergence of bitcoin just perfectly solves these problems
bitcoin is installed in the hard disk. As long as you remember the password, there will be no one to check where you get it, and someone can't seal it (unless you rob your hard disk). Any fixed assets, cash need time cycle, bitcoin do not use, this second order, the next second cash to the account. Transfer assets overseas
is that true? Bitcoin was designed to bypass the monitoring of the national government and transfer assets perfectly and efficiently. Why do most ordinary people think bitcoin is useless, or even can't think of any use? Very simply,
poverty limits our imagination. As a small white-collar who works hard and earns money all his life, what assets need to be transferred? Estate tax? What's more, it's ridiculous. When people die, they just kick their legs. They never think about the need to avoid taxes on inheritance, but it's different for the rich
suppose that the inheritance tax of a certain country is 50%. Once the rich man dies, his son can only get half of his assets. However, if the rich man changes all his assets into bitcoin and gives his son the password hard disk, he will perfectly inherit it, and the government will not be able to collect any tax
(of course, this is only an ideal situation. In fact, it may not be perfect for tax avoidance, but it is still very enlightening). In addition, for law-abiding citizens, there is no risk of bankruptcy and home hunting
but for some of the top rich, they may not care about the amount of assets, but they are very concerned about the safety of assets. It's acceptable for a rich man with a fortune of 1 billion to lose 500 million in business. But what if he was robbed of his family for some inconvenient reasons? He can't accept direct bankruptcy
at this time, if he holds bitcoin, he will never be bankrupt, and no one can his bitcoin. At least we can leave some capital to make a comeback, or leave a way for future generations“ "Asset security" is what the top rich care about most, not more money but less security. To say that bitcoin can fight inflation caused by the government's printing money indiscriminately is just a good cover at this stage
only those in real need can know the real value of bitcoin and figure out its essence The ancients said: Chunjiang water warm ck prophet) this is also the most perfect function of bitcoin, which is recognized by a group of rich and anxious rich people all over the world, who are no longer willing to be controlled by the government,
or have their own blemishes in all aspects. They have reached a consensus by using bitcoin to maintain the security of their own assets by holding bitcoin together
therefore, bitcoin was not designed for the poor at first. When all living beings can understand the purpose of bitcoin, the price will not be affordable to the poor
some common mistakes about bitcoin: Q: isn't bitcoin really a Ponzi scheme? A: bitcoin is not a Ponzi scheme. Ponzi scheme needs to use the money of later generations to supplement the investors in front, and it is in the shape of a pyramid
bitcoin can be bought and sold freely, with ups and downs. If you don't buy or sell bitcoin, you can maintain the original price, which is similar to stocks. A stock can drop 90%, or even drop to delisting, can you simply say that the stock is a fraud
Q: does it make sense that bitcoin consumes a lot of power? A: it takes a lot of manpower and material resources to dig gold. What's the significance of digging gold? The power consumption of bitcoin is the same as the essence of gold mining, which expresses the recognition of its monetary attribute and its value. Q: bitcoin has no government recognition, so it has no value
also has no monetary attribute. A: the original intention of bitcoin is to fight against the government. It doesn't care whether it is recognized by the government or not. In addition, if the government breaks its promise, the currency will also be a piece of waste paper, not to mention Zimbabwe's 100 billion banknotes, and Venezuela's currency devaluation,
in terms of the bad inflation of legal currency before the liberation of our country, it was only 60 years ago. Q: what is the difference between bitcoin and tulip bubble? A: tulips are not non renewable. If they are planted, they will grow. If they are planted more, they will depreciate. There is no way to store them for a long time and cash them in time
similar foam and walnut walnut, all kinds of high-grade wood, strange stones, Tibetan mastiff... These are a way, is a bubble. There are only 21 million bitcoins, which will only be less and less
Q: the principle of bitcoin is very simple and easy to . Will it still have value? A: the principle of religion is also very simple from the perspective of modern people<
but apart from the several religions in Jerusalem, which are regarded as orthodox, what other religions have world-class influence? In fact, it's not many. You can count three to five
will modern people recognize the creation of a religion? Orthodoxy matters. It takes a long time and energy to cultivate the market
bitcoin is orthodox, authentic, the loudest and brightest brand, and the rest are niche. Q: do you think bitcoin is absolutely safe? Will hackers one day blackout bitcoin all over the world
A: This is a question of raising bar. At least for now, bitcoin is logically self consistent
you have to say that someone has broken the bitcoin system. It's like asking, "what if the aliens invade the earth tomorrow?", This possibility also exists, no one can deny, but this assumption is meaningless
Q: will there be a behind the scenes and a big dealer in bitcoin? When it rises to a certain height, it will throw everyone away
A: it may exist, but I think the probability is similar to the probability that Freemasons manipulate the world. This article is not bitcoin soft text, I did not buy bitcoin, just a simple chat about my understanding of bitcoin
I didn't buy bitcoin, and I won't recommend it to anyone
bitcoin has a great risk. The hard disk may be damaged by material resources, may be lost, and may forget the password. This risk is really great
with bitcoin jumping up and down, ordinary people may not be able to stand this fluctuation. If you want to buy it, it is suggested to look at it in a cycle of one year, three years, five years or even ten years. We should have the height and attitude of "not afraid of clouds covering our eyes", otherwise don't touch it
the stable currency usdt is a token issued by tether company based on the stable value currency USD. Tether company strictly abides by the 1:1 reserve guarantee, that is, every usdt token issued, its bank account will have a capital guarantee of USD, and users can exchange USD and TEDA at any time
1usdt = US $1, users can query funds on the tether platform to ensure transparency
use of usdt? Usdt can be said to be the intermediary carrier between digital currency and US dollar legal currency. Why do you say that? For novices, everyone is confused when they first enter the market,
buy usdt with legal currency, and then buy BTC, ETH or other currencies with usdt after a series of observation. Does this process seem familiar? There are also many contract exchanges that use usdt as contract margin
more stable currency to mainstream currency contract trading pairs appear in the options section of big exchanges. As a stable currency, its "stable" nature is reflected in the price and the consensus value it brings to us
of course, there is a price difference between inside and outside the court, let alone digital currency. So in addition to trading different digital currencies, you can also move bricks arbitrage! Brick arbitrage refers to the same commodity in different markets, there will always be different prices
as digital currency is a global asset, it is impossible for many exchanges and OTC trading platforms to have the same price at the same time
the price gap here is very small