What's a coin miner for

1. 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

2.

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

There is no reasonable economic model, even if the token economy is added, it is difficult to realize the long-term natural ecological value

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

It is difficult to establish an ecological network with IPFs as the core under the influence of technical problems

The ecological application space of

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

3. The miner is used to dig money, and the mine pool is used to deposit money

4. A mine pit is like a coal mining area, which can be g out by a miner
for example, a zero coin mine can be g 24 hours by a miner. According to the calculation power of the miner, an equal amount of coins can be g out

5. A miner can mine through some mining machinery.

6. Mining machine is specially used for mining machine, their performance is usually high, chip programs are tailored for mining, can support 24 hours uninterrupted hash operation. In fact, home computers can also carry out hash operation. In the early years, most miners used their own computers to mine. However, with more and more people mining, the computing power of the whole network has greatly increased, resulting in the increasing difficulty of mining. Now, the computing power of home computers is not enough, and it is difficult to get profits.