Why does bitcoin still have technology

1. bitcoin is a digital currency based on a specific algorithm. < blockquote >

bitcoin is equivalent to digital gold. As a generally recognized equivalent, gold naturally has monetary properties and has been regarded as a kind of currency since ancient times. Bitcoin was born in 2009 and created by a person named Nakamoto. As the earliest digital currency, it was worthless at the beginning of creation. Until 2017, the highest transaction price of bitcoin exceeded 30000 RMB. The reasons why bitcoin became a valuable digital currency are as follows:

first of all, it is like gold, as a natural mineral, The total amount of bitcoin is limited. Bitcoin can not be over issued according to its own algorithm, so there will be no rapid devaluation of currency e to excessive currency issuance. The number of bitcoin is controlled to no more than 21 million e to the algorithm, so it can not be issued in large quantities, so its value is guaranteed

2. Bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: November 30, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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3. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips:
1. The above information is for reference only, without any suggestions
2. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to the regulation of digital currency in China, investors have the freedom to participate in digital currency transactions at their own risk
response time: February 2, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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4.

The bitcoin mining machine downloads the mining software and then runs a specific algorithm to get the corresponding bitcoin after communicating with the remote server, so as to obtain the bitcoin

any computer can become a mining machine, but the benefit will be relatively low, and it may not be able to dig a bitcoin in ten years. Many companies have developed professional bitcoin mining machines, which are equipped with special mining chips, and their computing speed is tens or hundreds of times higher than that of ordinary computers

bitcoin miners can neither increase their rewards by cheating, nor deal with the fraulent transactions that destroy the bitcoin network, because all bitcoin nodes will reject the blocks containing invalid data that violate the bitcoin protocol rules. Therefore, even if not all bitcoin miners can be trusted, the bitcoin network is still secure

extended data:

mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network

this process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary

anyone can run software on specialized hardware and become a bitcoin miner. Mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing and additional bitcoin issued according to fixed formula

5. The ant S9 proced by bitmainland is the most mainstream mining machine on the market, which is famous for its low power consumption and high output. Ant mining machine S9 adopts TSMC's 16 nanometer FinFET process. TSMC comes from the agent factory of iPhone chip, and ant also applies the full custom design scheme on S9. So, this makes S9 have super computing power upgrade, let mining efficiency is higher. S9 adopts the latest generation chip bm1387 (189 chips in total), and the computing power of a single chip reaches 74gh / S. in terms of power consumption, S9 maintains at 0.08w/gh/s. (the power consumption is 0.08w/gh/s at 0.4V core voltage, and the power consumption per T computing power wall is only 100W, which is only 2.4 kwh per day. Rated calculation force: 13.5th/s ± 5%

Xuebao miner A1, miner chip is the core of miner. It is said that bitmine is the source of the whole bitcoin miner instry. Bitmine has its own powerful chip technology as early as the end of 2013. Of course, it also benefits from the joint cooperation and efforts of bitmine and other companies, and Xuebao miner is their own proct. A1 is the world's first customized mining machine, equipped with ASIC chip (bf16btc), the number of chips is as high as 576pcs, the computing power of a single chip is 84.1gh/s, and the overall computing power is as high as 49th / s ± 5%

Z4 adopts Intel al core [email protected] Cup, mining power is 265mh / S (ETH), equipped with independent graphics card 570x8, has 9 fans, and the radiator adopts Intel original radiator, power supply: station flag 2000W power supply, voltage: 12.4-12.6v.

6. Hello, the miner trusteeship depends on the situation
if there are only one or two miners, you can choose to dig at home, rent an empty house in a slightly larger remote point, and use it as a special machine room, so that the miner will not disturb the people and it is convenient for you to visit at any time
if there are dozens or even hundreds of mine machines, it is recommended that you choose mine trusteeship. First, the electricity charge of mine trusteeship will be cheaper than that of indivials, and there are special personnel to take care of mine machines. The inconvenience may be that most of the mines are located in Northwest and southwest provinces, which may not be convenient for you to understand the actual situation, but you can also choose the background software to monitor your own mine machines, The selection of specific mines can be evaluated according to the quotation
if you don't know much about this area before and don't have a miner, you can choose to buy cloud computing power. This kind of miner is only used in a different way. The ownership of the miner doesn't belong to you, but is rented to you

the advantage of the mineral machinery trusteeship lies in the fact that it is not easy to manage; Annual regular electricity subsidies, cheap electricity; 24 hours a day without power cut to dig money; There is operation and maintenance technology in the mine 24 hours on call, problems can be solved immediately; If the power board is broken, it needs to be returned to the factory. The company will have machines to make up the power. However, it is suggested that when you choose a mine, you should consider the quotation of mine management fee and electricity fee
if you have any other questions, please ask me. I hope I can help you, thank you!

7. Mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary

mining is a proof mechanism.

8. No more money, just look at the allocation. In most cases, we can't find one in a month. It's not recommended to do it. It's a waste of time and electricity

9. If you have money, you can solve it;