Chengdu press conference of Yisuan Mining Machinery Co, Ltd
behind the scenes, the entire bitcoin network shares a public ledger called "blockchain.". This general ledger contains every transaction processed, so that the user's computer can verify the validity of each transaction. The authenticity of each transaction is protected by the electronic signature corresponding to the sending address, which enables users to have complete control over the bitcoin transferred out from their own bitcoin address. In addition, anyone can use the computing power of specialized hardware to process transactions and get a bitcoin reward for it. This service is often referred to as "mining."
bitcoin mining has gone through three stages of development. When bitcoin was just born, the price of bitcoin was very low. People just took bitcoin as a game and used their ordinary computers to mine. However, in 2012, with the rise of bitcoin price, people found that the mining speed of graphics cards was fast, so, People began to buy a large number of graphics cards and assemble them for mining, commonly known as "burning graphics cards"; The third stage is the well-known ASIC miner mining. Since Avalon proced the world's first ASIC bitcoin miner, bitcoin mining has been completely subverted, and mining has become a special professional thing.
then other miners will start to package the transaction generated by your new package until the next package comes out first
in the future, the mining capacity of bitcoin will be small or even zero. You still have transaction fees. The system will always need miners, and mining machines will still exist.
when building bitcoin, Nakamoto wants bitcoin to be a decentralized currency, not only for use and trading, but also for mining. But it backfired. With the increasing value of cryptocurrency such as bitcoin, mining has become an instry. The competition is more and more fierce, and the pursuit of mining computing power is higher and higher. Therefore, from ordinary computer mining, ASIC mining machine and GPU mining machine have evolved
the algorithm of ASIC mining machine is almost sha256, while the algorithm of GPU mining is different. For example, the algorithm of BTG is equihash, and the algorithm of BCD is optimized x13. Although it is not absolute, it can be simply considered that the currency of sha256 algorithm is generally mined by ASIC mining machine. Other algorithms are basically using GPU miner. There are also exceptions. Scrypt's Leyte coin used to be mined by GPU miner, but later scrypt's algorithm was also conquered by ASIC chips, such as ant miner L3 +, which is the ASIC miner used to dig Leyte coin
ASIC miner refers to the miner that uses ASIC chip as the core of computing power. ASIC is the abbreviation of application specific integrated circuit, which is a kind of electronic circuit (chip) specially designed for a specific purpose. Some mining machinery factories have designed ASIC chips specially for computing the sha256 algorithm of bitcoin, and the mining machinery using them is ASIC mining machinery. Because ASIC chip is only built for specific computing, its efficiency can be much higher than that of CPU. For example, the current mainstream ant miner S9 is ASIC miner, which uses 189 ASIC chips, the computing power reaches 13.5th/s, and the power consumption is only 1350W. As a comparison, the computing power of gtx1080ti, the flagship computer graphics card, will not exceed 60mh / s even if it is optimized well. The difference is tens of thousands of times
GPU miner refers to the miner that uses GPU graphics card as the core of computing power. Cryptocurrencies such as Ethereum, bitcoin and diamond use graphics algorithms, so the speed of computing with graphics card will be the highest. Compared with ASIC miner, GPU miner is more well-known, because it is a computer with enhanced graphics card configurationthe purpose of GPU miner is to make money, so we should pursue the power consumption ratio and maximum profit, so we should pay attention to the cost performance. Generally, the medium and high-end positioning graphics cards, such as AMD rx560 and rx570, have high power consumption ratio, which is a good choice for GPU miner. While flagship cards such as gtx1080ti and AMD vega64 have the strongest single card performance, they are not cost-effective in terms of price and power consumption
in addition, the ASIC miner also has some exotic procts, such as the USB miner of burning cat, which is slightly larger than the U disk, and the power consumption is only 2.25w, which is the smallest bitcoin miner at present
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25000 mining troops in Sichuan: a flood cost hundreds of millions, most afraid of power failure and loneliness
these computing power are scattered along the Da River, a tributary of the Minjiang River. They inlge in the night of Dalate Banner in Ordos, and sleep soundly in a small city in Yili Kazakh Autonomous Prefecture of Xinjiang
today, bitcoin's total network computing power has reached about 30 billion hash collisions per second, equivalent to about 600 tianhe-2 supercomputers, and it is still growing at a high speed. " Wu Jihan, the founder of bitcontinent, wrote in the beauty of computing power
he preached a set of infinitely beautiful "computational aesthetics", but behind the aesthetics is the cruel computational world and interests. Mining is moving towards instrialization step by step and becoming a game of capital
at this time, decentralized mining machines and pools began to appear. They called themselves revolutionaries and wanted to change the extremely monopolized bitcoin world
"cloud computing power mining" is one of them
their way of playing is to establish a number of distributed mines and provide computing power leasing services with tens of thousands of real mining machines
"the current computing power is too concentrated, and some decentralized play methods are difficult to change the current pattern and ecology." Li Ke said
but the essence of blockchain is decentralization. The miners still have the belief that eventually the mining instry will be broken by the decentralized mining pool
this may be the only belief that keeps them going
how long will it take
"5-10 years, slowly nibbling at the giant's territory." Li Ke said
but will giants wait for the revolution? Will they fight back
the battle of computing power and the spark of revolution have just been ignited
source; Sina Technology
It all starts with mining
the concept of bitcoin was put forward in 2009 by the network geek, whose alias is "Nakamoto Tsung". It is a decentralized digital currency that does not rely on the issuance of a specific monetary institution, according to a specific algorithm, through a large number of calculations“ It can be understood that the bitcoin system is a huge and constantly updated ledger. Each page is called a block, connected in chronological order, which is called bitcoin's blockchain. Add a new block every 10 minutes, which contains some transactions in the system in the past 10 minutes. Every transaction will be completely recorded in this account book, and bitcoin is the money recorded in the account book. " Sun Xiao explains, "in fact, our electronic banking system is also a book, and Alipay is also a book. It also records the transaction records of everyone. But bitcoin is different from banks and Alipay. Bitcoin trading information is not stored in the central server but stored in all computer connected to bitcoin network. Under the workload proof mechanism of bitcoin, anyone in the bitcoin network can fight for the bookkeeping right. Whoever solves a mathematical problem related to bookkeeping first will have the bookkeeping right. This kind of mathematical problem has a characteristic that it is difficult to solve and easy to verify
"suppose that the problem is solved by throwing three dice, and the number of points thrown is less than 5, which is more difficult to throw, but the verification is very simple," Sun Xiaoxiao uses a similar example. But the real title is not so simple, its difficulty is equivalent to 100 million dice throw out less than 100 million 50 numbers, who throw out first, who will get the right to account. At this point, 1050 million is a hash value. The process of throwing dice is called hash collision. The unit of mining power is the number of hash collisions per second