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The advantages and disadvantages of bitcoin and Ethereum

Publish: 2021-05-16 21:34:47
1.

bitcoin uses SHA-256 encryption algorithm. When mining, it competes with computing power. In order to improve computing power, bitcoin has gone through four stages: CPU mining, GPU mining, FPGA mining and now ASIC mining machine mining, and the degree of specialization is getting higher and higher

Ethereum uses the ethash encryption algorithm. In the process of mining, it needs to read the memory and store the DAG file. Because the bandwidth of each read memory is limited, and the existing computer technology is difficult to have a qualitative breakthrough in this problem, so no matter how to improve the computing efficiency of the computer, the memory read efficiency will not be greatly improved. Therefore, in a sense, Ethereum's ethash encryption algorithm is ASIC resistant.

different encryption algorithms lead to great differences in mining equipment and computing power between bitcoin and Ethereum

at present, bitcoin mining equipment is mainly ASIC mining machine with a very high degree of specialization. The maximum computing power of a single mining machine is 110t / s, and the scale of computing power of the whole network is more than 120eh / s

the main mining equipment of Ethereum is video card miner, and there are very few specialized ASIC miner. On the one hand, the "ASIC resistance" of Ethereum mining algorithm improves the threshold of developing ASIC miner. On the other hand, after Ethereum is upgraded to 2.0, the consensus mechanism will be transformed into POS, and the miner can not continue mining

compared with the ASIC miner, the graphics card miner has two orders of magnitude difference in computing power. At present, the computing power of mainstream graphics card miner (8 cards) is about 420mh / s, and that of Ethereum is about 230th / s.

from the time dimension of the past two years, bitcoin's computing power of the whole network is growing rapidly, while Ethereum's computing power of the whole network is growing relatively slowly

The ASIC mining machine of

bitcoin is monopolized by several major mining machine manufacturers, and miners can only buy it from the market; Although the graphics card miner of Ethereum is also manufactured by a special miner, the miner can buy accessories from the market and assemble them according to his own demand

2.

The user groups of Ethernet and bitcoin are different

3. Bitcoin and Ethereum are both digital currencies. Bitcoin ranks first in market value, followed by Ethereum. After registering with the bitnet exchange, you can invest in them.
4. You can open the Matcha app to see that now Ethernet is the second highest cryptocurrency in market value, second only to bitcoin.
5. blockchain colloquialism:
mahjong is the earliest application of blockchain in China:
the idea that a wants to play mahjong is equivalent to creating a block:
a calls to inform B, C and D, which means "decentralization & quot; Point to point transmission of
ABCD has formed a consensus that the touch action is "mining", and four people are "miners"
mahjong is a hash value. The Hu card is to hit the correct hash value and get the corresponding chip reward, which is called bitcoin
each of the four recorded the first round of the game. In the whole blockchain, this is only one node. If 20 mahjong games were played that day, that is, 20 nodes (blocks), and 20 blocks were connected together to form a complete ledger, that is blockchain< According to historical records, China is the world's earliest application group in blockchain, so you can be proud to say that China is more than 1000 years ahead of the world in blockchain application
it's powerful. Our country is [strong] [strong] [strong]
6. Bitcoin and Ethereum are both digital currencies. Bitcoin ranks first in market value, followed by Ethereum.
7. Bitcoin is an electronic currency proced by open source P2P software. digital currency is a kind of network virtual currency. Bitcoin is also paraphrased as "bitcoin.". Short for: BTC
bitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
eth is a kind of digital token of Ethereum. Like other digital currencies, ETH can be bought and sold on the trading platform. Generally speaking, Ethereum is an open source platform, digital currency and blockchain platform, which provides developers with a platform to build and publish applications on the blockchain. Etheeum can be used to program, distribute, guarantee and trade anything, voting, domain names, financial exchanges, crowdfunding, corporate management, contracts and most of the agreements, intellectual property, and smart assets that benefit from hardware integration
bitcoin and ethereal currency are the mainstream digital currencies, which can be invested appropriately. There are risks in the transaction, so be cautious in investment. You can search the fire coin, coin security, OK, dobby trading platforms on the Internet, which can trade bitcoin. These are the relatively large trading platforms. Invest in the mainstream digital currency, do not invest in counterfeit currency or air currency.
8. From the perspective of currency, bitcoin is a real monetary system, with a fixed total amount (21 million), while ether coin is not fixed from the perspective of currency, and can be issued as needed, so there is no upper limit for ether coin. Bitcoin will continue to deflate in the long run, while ether, like the current legal currency system, will continue to inflate. So from the perspective of cryptocurrency itself, bitcoin will continue to increase in value, while ether may not (mainly depending on its circulation).
9. There is no good one. It depends on how you buy it
10. Learning method: pet level 15 can be used to learn
go to mop "mystery of stone" to find NPC - man with mining soul, have a dialogue, and then learn mining task. Use "test pick" in kaster plain 07, 27 and border outside mop and reply NPC - man with mining soul to complete the task, Learning mining task completion

mining method:
first use the "detection rod" to detect the location of the ore point. If the area can be mined, the bottom left corner of the screen will display the mineral resources that can be explored: X mine, you can equip the "miner's pick" and then stand still to mine
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