The history of bitcoin graphics card miner
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.
Why use graphics card to mine
compared with CPU, GPU is used for general purpose calculation. So it can stack hundreds of stream processors awesome. Each stream processor is like a small CPU. Although its ability to run complex programs is far from the power of CPU, it can not support many processors, so the actual performance, especially the single precision floating point performance is much stronger than that of CPU. p> However, as we have mentioned before, a card is very suitable for general computing such as virtual currency because it has many stream processors, and the speed of obtaining specific solutions is much higher than that of N card. Therefore, many miners rush to buy a card to calculate virtual currency for profit
of course, with NVIDIA's Pascal graphics card, n card's ability in mining virtual currency is not as different as a card before. So in the current situation that a card is generally out of stock, those mid-range N cards have become the second choice for miners
What are the disadvantages of mine cardfinally, I want to talk about why we can't choose mine card when we are shopping for second-hand cards. Because the miners are mining bitcoin, the most important thing is to seek profits. Therefore, the graphics card they use is running and calculating all the time, and its strength is far greater than that of daily game applications. In other words, running such a calculation for one day is equivalent to running a graphics card for one month
in addition, the places where virtual currency is mined are mostly the places where multiple graphics cards gather. Thousands of graphics cards are constantly calculating in a room, and their heat is also quite huge. Miners can not choose the chassis with good heat dissipation conditions like ordinary consumers, so that the heat can be released smoothly. In this way, the graphics cards can still operate for 7 * 24 hours under high temperature conditions, It also deepens its aging degree
the result of doing so is that the graphics cards used for mining are lost prematurely. If you buy these graphics cards, the result will be unstable operation, restart and other things will continue to happen
moreover, at present, manufacturers also have strict requirements on mine cards, such as banning second-hand sales and shortening the shelf life. If users buy these mine card graphics cards, future maintenance will also be a big challenge
now, of course, there are still people mining. There are about 21 million bitcoins in total. At present, there are about 13 million bitcoins in the world, and there are 8 million left. However, now mining is basically large-scale integrated mining machine, and the era of graphics card mining ended at the end of last year, because with more and more bitcoin being g out, the difficulty of mining is increasing automatically, and large-scale mining equipment is manufactured in batches, resulting in that the computing power of graphics card can no longer generate positive benefits
for example, the current mining difficulty is 16818461371, and the computing power of a better graphics card such as ati5970 is 800mhash / s. It takes 2863 years to dig out a bitcoin. The computing power of the large-scale integrated miner can reach 2tash / s, and it will take more than a year to dig out a bitcoin. There are many manufacturers procing this kind of large mining machine all over the world, and the computing power is still improving. Only this kind of equipment has been put into use for more than 100000.
Starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique
why use graphics card to mine
compared with the complex computing of CPU, GPU used by graphics card is used for general computing. So it can stack hundreds of stream processors awesome. Each stream processor is like a small CPU. Although its ability to run complex programs is far from the power of CPU, it can not support many processors, so the actual performance, especially the single precision floating point performance is much stronger than that of CPU. p>
the actions in bitcoin can be considered as the use of graphics card to do continuous general computing, and the computational complexity is relatively low and quite repetitive. The stream processor used by graphics card is just suitable for such an algorithm. It's like constantly solving equations. The graphics card is 2000 middle school students, while the CPU is 8 math doctors. Although the mathematical knowledge of the doctor of mathematics is far more than that of the middle school students, the speed of solving medium-sized equations such as virtual currency is certainly not as fast as that of 2000 middle school students
so we used graphics card to mine virtual currency at the beginning. After that, someone developed a specific algorithm to make the stream processor of the graphics card greatly strengthen the virtual currency solution, which is the origin of the mining machine
What is a bitcoin miner? I often hear about bitcoin, bitcoin mining machine. Let's talk about bitcoin. 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
The digital currency in the future is believed to be similar to bitcoin, but it is by no means a limited supply. But when the human ability to proce wealth can be completely matched by the computing power of the computer, the issuing speed of e-money is directly proportional to or slightly exceeds the computing speed of the computer to create moderate inflation. In the future, while mining, it is also creating value rather than wasting electricity. In the end, the small changes in proctivity of digital currency match the difficulty of computing power, which may be the final form of human currencyGPU is used for general purpose computing. So it can stack hundreds of stream processors awesome. Each stream processor is like a small CPU. Although its ability to run complex programs is far from the power of CPU, it can not support many processors, so the actual performance, especially the single precision floating point performance, is much stronger than that of CPU. The actions in bitcoin can be regarded as the use of graphics card to do continuous general computing, and the computational complexity is relatively low and quite repetitive. The stream processor used by graphics card is just suitable for such an algorithm.
CPU mining → GPU mining → professional miner mining → mine pool mining
on January 3, 2009, the founder of bitcoin, Nakamoto Tsung, g up the first batch of bitcoin with computer CPU
with the recognition of bitcoin, more and more people are mining, the computing power of the whole network is rising, and the difficulty of mining is graally rising
the first graphics card mining software was released on September 18, 2010. A graphics card is equivalent to dozens of CPUs, and the mining capacity has been significantly improved
later, someone invented a professional mining equipment based on mining chip, namely mining machine. At present, the instry-leading ant miner is equipped with nearly 200 bm1387 chips, which is equivalent to the computing power of more than 30000 GPUs
as more mining machines are added to mining, it is difficult for a single mining machine to dig bitcoin. As a result, the miners concentrated their mining machines and formed mines and pools.