What is block miner

1.

In 2009, bencong invented bitcoin, and set that there are only 21 million bitcoins. By participating in the proction of blocks and providing proof of work (POW), he can get the reward of bitcoin network. This process is mining

the concept of "mining" comes from the existing concepts in our real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig

another important point of bitcoin mining is that the miners who participate in mining recognize the value of bitcoin, and some of them are willing to spend money in the bitcoin market. Therefore, the mining of bitcoin is meaningful

extended data

currency characteristics of bitcoin

1, decentralized

bitcoin is the first distributed virtual currency, and the whole network is composed of users without central bank. Decentralization is the guarantee of bitcoin's security and freedom

2, bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3, exclusive ownership

controlling bitcoin requires a private key, which can be stored in any storage medium in isolation. No one can get it except the user himself

4, low transaction cost

bitcoin can be remitted free of charge, but in the end, about 1 bitfen transaction fee will be charged for each transaction to ensure faster transaction execution

5, no hidden cost

as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6, cross platform mining

users can explore the computing power of different hardware on many platforms

2. What is blockchain mining
there are two kinds of mining in the new era, the first is bitcoin mining. After each transaction occurs, it is not complete. The transaction data must be written into the database before it is established, and the other party can really receive the money. First of all, all the transaction data will be sent to the miners, who are responsible for writing these transactions into the blockchain to complete the mining and obtain profits
the second is to dig Shanzhai. Zero coin, Monroe coin, ether coin, Wright coin, bitstock and other "Shanzhai coins". After a miner is assembled, it is connected to the designated mine pool. According to the specific algorithm, it starts full load operation and completes a calculation cycle to obtain "one" virtual currency. Then put the "this" currency on the online trading platform to cash out

How can blockchain mine
at the beginning, bitcoin could be g up with the computer CPU. The founder of bitcoin, Nakamoto Tsung, g up the world's first creation block with his computer CPU. However, the era of CPU mining has long passed, and now bitcoin mining is the era of ASIC mining and large-scale cluster mining
if you want to be a miner, it's actually relatively simple. You can start mining by purchasing a special mining equipment. You don't need to do it yourself. In fact, the computer is performing specific calculations. For miners, you only need to ensure the power supply and network connection of the mining machine.

3. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. 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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
mining machine is a tool for procing and mining bitcoin

4. Mining is a way of exchanging time for space and buying currency at fixed cost. The growth of computing power, the rise and fall of currency price and the update of equipment will be in a dynamic balance. As long as you are optimistic about the blockchain and feel that you don't have the ability to stir up money with high price and low price, investment and mining will be a good choice for blockchain investment. Can contact NB cloud mining, mining agent operation, more professional, every day there are benefits.

5. Before specifically talking about what mining is, you need to know what blockchain is
to put it simply, blockchain is a new application mode integrating various computer technologies. Just treat it as a new technology. The network constructed by blockchain technology has the characteristics of "decentralization", "information tampering", "openness", "anonymity" and "security and reliability". These technologies can be applied in many fields, in short, it is very powerful ~
miner, a simple understanding is a more advanced computer, miner is to contribute to the blockchain network, you can regard miner as the guardian of blockchain
with mining machines, the blockchain network can operate normally. These mining machines are constantly doing calculations to provide computing power for the blockchain network. When the mining machine makes the correct calculation, the whole blockchain network will reward the mining machine with the corresponding digital currency. This process is called mining
if you also want to make a "contribution" to the blockchain, you need to download the mining system to start. Oh, let's have a look.