What is cryptocurrency miner

bitcoin mining machine is a kind of computer used to earn bitcoin. This kind of computer generally has professional mining chips and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server

mining is actually a competition of performance and equipment, and a competition of computing power among miners. Miners with more computing power are more likely to dig bitcoin. With the increase of computing power in the whole network, it is more and more difficult to dig bits with traditional devices (CPU, GPU). People have developed chips specially used for mining. Chip is the core part of mining machine. The process of chip operation will proce a lot of heat, in order to cool down, bitcoin miner is generally equipped with heat sink and fan

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

bitcoin mining started with low-cost hardware such as CPU or GPU, but with the popularity of bitcoin, the mining process has changed greatly. Nowadays, the mining activities are transferred to the field programmable gate array, and the hash speed can be achieved through optimization. The mining efficiency of this mode is very high

Ant miner is the first cryptocurrency miner brand in the world with a market share of about 70%. The mining machine is developed by bitmainland and has a patent in mainland China. At the beginning, ant miner had only bitcoin miner. Later, its business expanded to other cryptocurrencies, such as Ethereum, dascoin, Leyte, Monroe, etc

ant mining machine adopts ASIC chip designed by bitcontinental, which is proced by TSMC. All chips are made of BM prefix. Each miner has three to four circuit boards, and there are dozens of chips on the circuit board. Therefore, each miner can only be used to mine one or more cryptocurrencies using the same algorithm

ant mining machine needs special mining software, and can not use third-party software. In addition, because of its high power, the ant miner also needs to be used with a special fire ox

the ant miner will use a lot of electricity and proce a lot of waste heat in the process of operation. This leads to a large amount of electricity being consumed for mining or cooling, causing a lot of social criticism. Too much ant mining machine at the same time also led to fire and power failure, causing social inconvenience

IPFs is a file transfer protocol similar to http. If IPFs wants to run, it needs many computers (storage devices) in the network as nodes. In a broad sense, all participating computers can be called IPFs mining machines

in order to attract more users to join the IPFs network and contribute to the network, an encryption currency named filecoin is designed, which is distributed to the participants (nodes) as a reward according to the amount of contributed storage space and bandwidth. In a narrow sense, the computer specially designed for the purpose of obtaining the filecoin reward is called IPFs mining machine

because IPFs network needs storage space and network bandwidth, in order to obtain the highest profit ratio, IPFs mining machine usually strengthens the storage space and reces the power consumption of the whole machine. For example, more than 10 high-capacity hard disks are equipped, Gigabit or higher speed network cards are equipped, and ultra-low power architecture processors are used

of course, the mining machine provides storage services, so it can obtain revenue. The size of revenue is related to the configuration of mining machinery and the number of IPFs mining machinery

extended data

the reasons why it is not recommended to invest in IPFs are as follows:

1. IPFs technology is too early to be commercialized

IPFs now takes up a lot of bandwidth. IPNs is very slow at present, which is an obvious technical defect. It will be very difficult to realize dynamic web pages only through IPFs

as a very cumbersome decentralized protocol, it is difficult for users to share files autonomously and spontaneously. In addition, even if users share files into the protocol, the files will be completely open and users cannot delete files effectively, so the security of valid files is threatened

the solution is to introce encryption and blockchain incentive mechanism. At the same time, it solves the security and storage power problems of files. However, as mentioned before, any node with workload proof under blockchain incentive mechanism will face an economic problem of continuous power on state

IPFs is quite limited, and the project interaction speed realized by IPFs protocol is also very slow. Of course, it has a direct relationship with the number of nodes and the distance of calling

"Transaction is mining" is a typical platform operation mode. Users mine through transactions. Some platforms will issue their own tokens as rewards for users' trading behavior

in June 2018, the cryptocurrency exchange fcoin put forward the concept of "trading is mining", and in a short period of time, the daily trading volume rose to the first in the world, triggering a war between exchanges

"transaction is mining" is actually a return mechanism of personal transaction fees based on platform currency. Strictly speaking, there were similar playing methods before the establishment of fcoin. For example, bibox had a mechanism to return a certain proportion of fee income to platform currency holders

extended data

fcoin's "transaction is mining" is repackaged. Following the allocation rules of bitcoin mining, 51% of platform currency ft is taken as the mining reward pool. Through "mining (trading on fcoin)", FT is graally unlocked. Once 51% of FT is fully fed back, "mining" is automatically terminated

in terms of specific implementation, fcoin trading means mining starts at 0 o'clock every day (GMT + 8), and the transaction fees generated by users will be converted into ft for accumulation every hour. The conversion price is calculated according to the average price of FT in that hour (the average price is calculated as total transaction amount / total trading volume)

1. bitcoin is a string of code generated by an open-source P2P software, which we call cryptocurrency, e-currency and so on. Bitcoin is proced by mining. Generally speaking, bitcoin mining is to use your hardware to calculate the mathematical problems of sh265 algorithm, confirm network transactions, and ensure the security of the whole network system. As a reward, bitcoin system will give a certain amount of bitcoin reward according to the amount of computing power contributed by miners
   

2. mining is bitcoin. Bitcoin will be generated several times every other period of time, and whoever grabs it will own it. The computer connected to the bitcoin system is the tool "miner" for grabbing bitcoin. As for the issue of national recognition of bitcoin, simply speaking, it depends on the possible impact on the country< br />