Power consumption of Ethereum machine

Ethereum energy coin is not MLM

Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum

in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015

as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%

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Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together

after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0

Miner components include CPU, GPU, motherboard and hard disk, similar to a high configuration computer with a hard disk. Self assembly mainly depends on which aspect of hardware performance you want to highlight

mining machine has computing power, display card mining machine and storage mining machine. Daotong storage has long been concerned about the dynamic and hardware supply of mining machine, and its own components will be cheaper than those of the manufacturer< br />

Ethereum is an implementation of blockchain. In Ethereum network, many nodes are connected with each other to form Ethereum network:

Ethereum node software provides two core functions: data storage and contract code execution

in each Ethereum node, complete blockchain data is stored. Ethereum not only saves the transaction data on the chain, but also saves the compiled contract code on the chain

Ethereum virtual machine

Ethereum blockchain not only stores data and code, but also contains a virtual machine (EVM) in each node to execute contract code - it sounds like a computer operating system

in fact, this is the core difference between Ethereum and bitcoin: the existence of virtual machine has brought blockchain into the era of 2.0 and made blockchain a friendly platform for application developers for the first time

the above content comes from the introction course of Ethereum DAPP development

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