Is Ethereum mining reliable

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. At present, most of the mainstream Ethereum mining machines in the market come from bitmainland and Jianan Yun. However, with the decline of Ethereum's price, the profits brought by mining have been very meager. Investors can choose to invest in Ethereum on the digital currency exchange. At present, the mainstream digital currency transactions in the market are all coin security, fire coin network, bitnet, etc.

3. The selection of mining machines depends on the computing power, the power consumption and the historical reputation, including the stability and after-sales service of the machines
computing power is the ability of a machine to perform operations, that is, how many hash operations can this machine perform per second. At present, the computing power of the mainstream bitcoin miner is 14T, that is, hash collisions of the 13th power of 14 times 10 per second
power consumption is an indicator of the power consumption of the miner ring operation. Electricity consumption will have a huge relationship with mining costs. Generally, a miner will operate 24 hours a day to excavate, so the power consumption sometimes seems to have a small difference, but in fact, the cost gap is relatively large
here is another little knowledge, that is, digital assets of the same algorithm can be mined by the same miner. For example, bitcoin miner can also dig bitcash, Ethereum miner can also dig Ethereum classic
for more professional knowledge, it is recommended to consult the honeycomb miner. There are professionals to help you select and answer for you. The boss comes from the fire coin, and I feel reliable after personal experience.

4. The model proposed by Nakamoto is based on ideal assumptions. Of course, many academic models are like this. When they are tested in reality, they often encounter various practical challenges. I haven't read Nakamoto's paper in detail, but speculation should not be considered.

5. Making money with low-cost electricity resources

6. Rent is OK,

is to find a good owner, online is not very reliable,
it is better to engage in mining machinery

7. Bitcoin users and bitcoin miners are different kinds of people
in the world of bitcoin, a data block is recorded about every 10 minutes. All mining computers are trying to package the data block and submit it, and the person who successfully generates the data block will get a bitcoin reward. Initially, bitcoin rewards of 50 bitcoins could be generated about every 10 minutes. But the payment is halved every four years, and now the bitcoin network can generate 25 bitcoins every 10 minutes.

8. Hello, you're right. Bitcoin is popular, so many of them are bitcoin miners. Compared with Ethereum miner, it's really less

9.

I believe there is a fraud in issuing digital currency, but there is a fraud in mining. Unless you buy a "nonexistent" mining machine or computing power, the probability of being cheated is almost zero. Next, let me talk about UTC's past and present lives

So, it's hard to say whether UTC is a fraud, but this model is indeed an innovation in the currency circle. After all, digital currency is getting more and more attention, and it may not become "currency", but it may become "alternative investment goods". Personally, I'm optimistic about this mining model

moreover, as far as I know, the team behind UTC, as well as the financial and technical support are quite reliable. If it is really a scam, the institutions that invest in UTC will not make such a big battle to cheat people

10. Just dig