Ethereum is too slow to dig money
Publish: 2021-05-25 09:43:20
1. Now there are many professional miners who can really make money. Their investment is relatively large, and they need to be built near hydropower stations in remote areas, because mining consumes a lot of electricity, and the cost of electricity is almost the vast majority of the cost of bitcoin mining. Indivial investors, if there is a channel, can buy shares, otherwise in the city is almost unable to make money.
2. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. The mining process of Ethereum is almost the same as that of bitcoin. For each transaction, miners can use the computer to run the unique title metadata of the block through hash function, and guess the answer repeatedly and quickly until one of them wins
many new users believe that the sole purpose of mining is to generate ether in a way that does not require a central issuer (see our guide "what is ether?"). It's true. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. But mining is at least as important. Usually, banks are responsible for keeping accurate records of transactions. They make sure that money is not created out of thin air and that users don't cheat and spend money many times. However, blockchain introces a new way to keep records, the whole network instead of intermediary, to verify transactions and add them to the public ledger
Ethereum mining
although "no trust" or "trust minimization" monetary system is the goal, there are still people who need to ensure the security of financial records and ensure that no one cheats. Mining is one of the innovations that makes decentralized records possible. Miners have reached a consensus on the history of transactions in terms of preventing fraud (especially double spending on ether) - an interesting issue that hasn't been addressed before the decentralized currency works on the blockchain. While Ethereum is looking at other ways to reach a consensus on the effectiveness of the deal, mining currently keeps the platform together
how mining works
today, the mining process of Ethereum is almost the same as that of bitcoin. For each transaction, the miner can use the computer to guess the answer repeatedly and quickly until one of them wins. More specifically, the miner will run the unique header metadata (including time stamp and software version) of the block through the hash function (which will return a fixed length, unordered string of numbers and letters, which appears to be random), changing only the 'nonce value', which will affect the hash value of the result
if the miner finds a hash that matches the current target, the miner will be granted ether and broadcast the block across the network for each node to verify and add to their own ledger . If miner B finds the hash, miner a stops working on the current block and repeats the process for the next block. It's hard for miners to cheat in this game. There is no way to fake the work and come up with the right answer to the puzzle. That's why solving puzzles is called "proof of work."
on the other hand, others have little time to verify whether the hash value is correct, which is exactly what each node does. About every 12-15 seconds, a miner finds a stone. If the miner starts to solve the puzzle faster or slower than this, the algorithm will automatically re adjust the difficulty of the problem so that the miner can rebound to about 12 seconds of solution time
miners earn these ethers randomly, and their profitability depends on their luck and the computing power they put in. The specific workload verification algorithm used by Ethereum is called "ethash", which aims to require more memory, making it difficult to mine with expensive ASIC. Special mining chips are now the only profitable way to mine bitcoin
in a sense, ethash may have achieved this goal successfully, because dedicated ASIC is not available for Ethereum (at least not yet). In addition, as Ethereum aims to shift from proof of work mining to "proof of equity" (which we will discuss below), buying ASIC may not be a wise choice because it may not prove useful for a long time< However, Ethereum may never need miners. Developers plan to abandon proof of work, the algorithm currently used by the network to determine which transactions are valid and protect them from tampering to support proof of equity, which is guaranteed by token owners. If and when the algorithm is launched, proof of equity can become a means to achieve distributed consensus, and the consensus uses less resources.
many new users believe that the sole purpose of mining is to generate ether in a way that does not require a central issuer (see our guide "what is ether?"). It's true. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. But mining is at least as important. Usually, banks are responsible for keeping accurate records of transactions. They make sure that money is not created out of thin air and that users don't cheat and spend money many times. However, blockchain introces a new way to keep records, the whole network instead of intermediary, to verify transactions and add them to the public ledger
Ethereum mining
although "no trust" or "trust minimization" monetary system is the goal, there are still people who need to ensure the security of financial records and ensure that no one cheats. Mining is one of the innovations that makes decentralized records possible. Miners have reached a consensus on the history of transactions in terms of preventing fraud (especially double spending on ether) - an interesting issue that hasn't been addressed before the decentralized currency works on the blockchain. While Ethereum is looking at other ways to reach a consensus on the effectiveness of the deal, mining currently keeps the platform together
how mining works
today, the mining process of Ethereum is almost the same as that of bitcoin. For each transaction, the miner can use the computer to guess the answer repeatedly and quickly until one of them wins. More specifically, the miner will run the unique header metadata (including time stamp and software version) of the block through the hash function (which will return a fixed length, unordered string of numbers and letters, which appears to be random), changing only the 'nonce value', which will affect the hash value of the result
if the miner finds a hash that matches the current target, the miner will be granted ether and broadcast the block across the network for each node to verify and add to their own ledger . If miner B finds the hash, miner a stops working on the current block and repeats the process for the next block. It's hard for miners to cheat in this game. There is no way to fake the work and come up with the right answer to the puzzle. That's why solving puzzles is called "proof of work."
on the other hand, others have little time to verify whether the hash value is correct, which is exactly what each node does. About every 12-15 seconds, a miner finds a stone. If the miner starts to solve the puzzle faster or slower than this, the algorithm will automatically re adjust the difficulty of the problem so that the miner can rebound to about 12 seconds of solution time
miners earn these ethers randomly, and their profitability depends on their luck and the computing power they put in. The specific workload verification algorithm used by Ethereum is called "ethash", which aims to require more memory, making it difficult to mine with expensive ASIC. Special mining chips are now the only profitable way to mine bitcoin
in a sense, ethash may have achieved this goal successfully, because dedicated ASIC is not available for Ethereum (at least not yet). In addition, as Ethereum aims to shift from proof of work mining to "proof of equity" (which we will discuss below), buying ASIC may not be a wise choice because it may not prove useful for a long time< However, Ethereum may never need miners. Developers plan to abandon proof of work, the algorithm currently used by the network to determine which transactions are valid and protect them from tampering to support proof of equity, which is guaranteed by token owners. If and when the algorithm is launched, proof of equity can become a means to achieve distributed consensus, and the consensus uses less resources.
3. It depends on the difficulty of the algorithm and the current currency price. The income is not fixed!
4. How hot is it? I've heard about mining! Not through computer equipment, are basically liars! It's all about blockchains. So as to cheat some small white user's money! Of course, some people make money! Most people don't make money, you know! Like you!
5. Generally speaking, it doesn't work (this only refers to most platforms, but a small part has no threshold)
it's better to wait and save enough for cash withdrawal
it's better to wait and save enough for cash withdrawal
6. Hello, I'm an old user of Feixun. It's easy for me to buy it at 0 yuan. It's simple, that is, they will return you the full amount of cash after purchase. This purchase mode has been carried out by fisun for several years, and it has never been overturned. I bought their router and air purifier, and this time I bought two C8. How to say, investment is bound to have risks, but we should be good at judging the trend. Everything will fall when it reaches the peak, and rise when it reaches the lowest point. Now it's in a bear market, it won't go up or down, but I personally think it will go up in the future. At present, Ethereum's blockchain technology is up-to-date and Turing is complete. Many experts predict that within 2-3 years, Killer Software Based on Ethereum's blockchain technology will appear. This is my personal point of view, which needs the subject's own judgment.
7. One month breeds two currencies, and one currency makes hundreds of millions. The madness of the bottom line is far beyond ordinary people's imagination
he used to be a junior high school graate, a blacklisted veteran in the court, and a loser in people's eyes... Now, he has adopted the blockchain outlet, but he has become a respected teacher among the people.
he used to be a junior high school graate, a blacklisted veteran in the court, and a loser in people's eyes... Now, he has adopted the blockchain outlet, but he has become a respected teacher among the people.
8. I'm talking about one district (now it's mostly one district)
politics and English: 50 points. Last year, the first and second districts of the country began to merge, and the score line of these two subjects is unlikely to rise this year. English line is the most concerned problem of many economic examinees. The highest score of this subject in history is 55 points, which appeared in the 11 year postgraate entrance examination. It is very difficult for the line of District 1 to exceed the peak. After all, we have to consider the students of the former District 2. If the national line is set too high, there will be a problem: fewer people can cross the line, which will make many schools dissatisfied with the enrollment. Therefore, I estimate that the score of these two subjects is still 50
Mathematics (professional course 1) + professional course 2:90. In fact, it is not necessary to estimate these two. Basically, these two subjects can't pass the national line or their scores are low, so it's very sad to be in the national line
total score: 335-345. 2011 is a historical peak, 350 points. Last year (2012) was 340. This score is the score line of District 2 in 2011. Therefore, the score may rise this year. We are still considering the situation of the former two districts. Even if the score rises this year, it will not be too high. So the upper limit of 345 comes from this. The lower limit? Because there is a high score base of the original district (i.e. Beijing, Shanghai, Guangzhou, etc.), the decline will not be too much
the above are my predicted scores and predicted results
P.S. I am now a graate student and took the exam last year
politics and English: 50 points. Last year, the first and second districts of the country began to merge, and the score line of these two subjects is unlikely to rise this year. English line is the most concerned problem of many economic examinees. The highest score of this subject in history is 55 points, which appeared in the 11 year postgraate entrance examination. It is very difficult for the line of District 1 to exceed the peak. After all, we have to consider the students of the former District 2. If the national line is set too high, there will be a problem: fewer people can cross the line, which will make many schools dissatisfied with the enrollment. Therefore, I estimate that the score of these two subjects is still 50
Mathematics (professional course 1) + professional course 2:90. In fact, it is not necessary to estimate these two. Basically, these two subjects can't pass the national line or their scores are low, so it's very sad to be in the national line
total score: 335-345. 2011 is a historical peak, 350 points. Last year (2012) was 340. This score is the score line of District 2 in 2011. Therefore, the score may rise this year. We are still considering the situation of the former two districts. Even if the score rises this year, it will not be too high. So the upper limit of 345 comes from this. The lower limit? Because there is a high score base of the original district (i.e. Beijing, Shanghai, Guangzhou, etc.), the decline will not be too much
the above are my predicted scores and predicted results
P.S. I am now a graate student and took the exam last year
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