What's the use of mining power

1. computing power Fengyun computing power mining is to integrate the computing power generated by its own mining machine and sell it to investors. Cloud computing power mining reces the threshold of participants, while providing users with considerable revenue. Can be seen as the securitization of computing power, so that ordinary people can also enjoy the dividend of mining!

2. From cheap electricity to centralized mining, China's resources and environment provide bitcoin miners with many advantages. In recent years, bitcoin miners have used cheap electricity to expand their business in coal rich regions such as Xinjiang and Inner Mongolia, which are home to the founders of some of the world's leading mining companies

with the rising price of bitcoin, more and more people join the bitcoin mining business. Accordingly, mining consumes more and more energy. Obviously, our government is also aware of this

according to the requirements of the document, regulators require local governments to take measures related to electricity price, land use, tax and environmental protection to guide bitcoin miners to withdraw from the business. According to foreign media reports, regulatory authorities are mainly concerned about the money laundering and financial risks involved in the shutdown policy, but excessive power consumption is also a factor that can not be ignored. In principle, bitcoin mining consumes a lot of power because every time a new bitcoin is proced, it needs to solve the complex mathematical problems through the encryption process performed by a high-performance computer. Mining calculation process is used to verify bitcoin transactions in the blockchain to ensure security, but the disadvantage is that it consumes a lot of energy.

3. The revenue from the purchasing power contract varies from two to three years. You need to book and purchase the mining machinery in advance, search for electricity or look for the mine trusteeship, which has a lot of deployment costs and electricity costs. It also needs manual maintenance. The mining machinery has a service life. In addition, the mining machinery market is updated rapidly, so the cost of such calculation is very high, and it is also very troublesome.

4. I have used sesame computing power for nearly half a year. Since I participated in the crowdfunding of mining machinery in August last year, I have recovered my capital. Mining machinery is still digging, and I can make money!

5.

Mining is the use of bitcoin mining machine, which is used to earn bitcoin

one of the ways to get bitcoin is that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it's only hd6770, can surpass the single graphics card of most users

and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the hardware price and other costs, there is a considerable expenditure in mining

< H2 > extended data:

bitcoin mining process:

1. To find the ore pool

to start mining, there must be a ore pool with convenient operation and stable output. Its function is to subdivide the data packets for each terminal, and pay the corresponding amount of bitcoin according to the proportion of the data packets calculated by the terminal through precise algorithm

2. Download bitcoin miner (software)

in fact, there are many kinds of this miner, you can go to the official website to download

3. Setting mining software is a green software. After installation, we can set the language first to facilitate further setting. Next, you need to set the server, user name, password, equipment and so on. Generally, the server chooses a better network from BTC guide series, and the user name and password are set by ourselves before

4, bitcoin mining start

when we confirm that all settings are correct, click the "start mining" button to start bitcoin mining, and then the graphics card will soon enter the full speed running state, the temperature and fan speed will increase, you can monitor the state through gpu-z or graphics card driver

6. In other words, the task of BTC only needs some specific transistors to execute

the CPU is used to perform mining tasks. Because the CPU needs many transistors to execute various instructions, many transistors are idle in a cycle. The speed is slow and normal

In order to enhance the ability of displaying images, the graphics card saves many transistors which have nothing to do with the display function, so the graphics card can only display pictures, but it is much faster than the CPU in the task of displaying pictures. BTC needs to perform the same tasks as the graphics card, so the mining of the graphics card is faster than the CPU, So a card is more suitable for mining

7. Speed up mining

8. There are many ways to mine bitcoin, mainly in the following ways:
1. Direct exchange purchase, such as fire coin, coin security, buybit, OK and other digital exchanges. Although buying bitcoin through direct exchange is the most convenient way, you have to find the right time to buy it. Buy high may be cut, so it is best to buy according to the market low. At the high point, you can also sell bitcoin, which is a value-added investment
2. Mining machine mining bitcoin, this way to get bitcoin is the most primitive, bitcoin was originally computer mining, now it is a professional mining equipment mining - bitcoin mining machine. The better bitcoin mining machines on the market are Shenma, ant, Avalon and so on. However, the mining machine mining threshold is relatively high, which the group owners should pay attention to
3. Cloud computing power mining is actually the mining method after the mining machine is split, and the digging of bitcoin is actually the factor of computing power. Because mining machine mining threshold is relatively high, so many mining machine manufacturers will split mining machine into a piece of computing power, sell to users
4. It is a new way to dig bitcoin. It mainly corresponds to a 1t mining machine with 60W power consumption. Because of cloud computing power mining, the cost of leasing cloud computing power will not be refunded, so there is a way of mining with certificate of deposit of cloud computing power, because the certificate of deposit can be traded in the end, which can recover a large part of the cost of computing power for users. Now, Xbit is the first innovative miner. Others like VC are OK
investment is risky, so don't be blind

9. Ethereum is not an institution

10. 1. On August 5, 2019, the governments of China and South Africa announced in Pretoria, the administrative capital of South Africa, that they agreed to designate September 17 as South African Chinese day

2. On August 5, 2019, the British government announced that the British side decided to join the US led Gulf "escort alliance" to carry out the so-called "international maritime security task", Naval ships were sent to escort British merchant ships through the Strait of Hormuz, an important crude oil transportation channel in the Middle East

3. On August 8, 2019, Vice Foreign Minister Le Yucheng will hold a new round of Sino Japanese strategic dialogue with Japanese undersecretary of foreign affairs Akiba Gangnan in Japan on August 10. This is the resumption of dialogue between China and Japan after seven years

4. On August 8, 2019, the U.S. Customs and Border Protection recently issued the latest regulations on visiting the United States, saying that foreigners who have been to North Korea in the past eight years will not be able to enter the United States visa free< On August 5, 2019, US President trump signed an executive order to freeze all Venezuelan government assets in the United States. The move marks that the United States has escalated its economic and diplomatic pressure on the Maro government

6. On August 9, 2019, Japan approved the export of some high-tech materials to South Korea, which is the first release since Japan tightened restrictions on the export of high-tech materials last month

7. On August 10, 2019, the International Monetary Fund (IMF) released China's annual consultation report on Article 4, reiterating that China's current account surplus will decline in 2018, and the level of RMB exchange rate is basically consistent with economic fundamentals

8.2019 August 8th, South Korean President Wen held a meeting of national economic advisers in moon Jae in order to urge the Japanese government to lift the improper export control measures as soon as possible, and to conclude that this practice will eventually "no winner".

9. On August 11, 2019, Facebook, an American company, launched the digital currency Libra. The State Administration of foreign exchange said that treating Libra as a foreign currency must be included in China's foreign exchange management framework

10. On August 9, 2019, the Japanese government plans not to participate in the "escort alliance" led by the United States, and is prepared to send its maritime self-defense forces to Yemen thousands of kilometers away from Iran

11. In the early hours of August 12, 2019 local time, the results of Argentina's presidential primary election were announced, and Alberto of the "National Front" &; Fernandez and former president Christina won the primary with 47.65% support. While the current president makeli only got 32.08% of the votes, and admitted defeat before the counting was over

12. The Russian National Space Corporation recently said that the robot "astronaut" named skybot f-850 will take the "alliance ms-14" spacecraft to the international space station on August 22, 2019. It will be the first robot to sit in the command leader position of the spacecraft

13. On August 12, 2019, in response to Japan's removal of South Korea from the "white list" of trade, the South Korean government announced that Japan would be removed from its list of preferential treatment objects for export management, and Japan would be downgraded in the classification of trading partners. Japan believes that the South Korean move has little impact on Japan, and Japan will continue to maintain a strong and hard stance towards South Korea. It is difficult for Japan and South Korea to ease and improve their relations for a while

14. On August 12, 2019, the federal government of the United States issued new regulations to restrict legal immigrants, raising the economic threshold for long-term legal residence of immigrants in the United States. The new rules will come into effect on October 15 this year. According to the regulations, foreign citizens who apply to immigrate to the United States will be regarded as "public burden" if they do not meet the specified income standard or receive public welfare for more than one year in any three years. Foreign citizens who are found to be a "public burden" are either prohibited from entering the United States or will be subject to adjustment of immigration status< On August 13, 2019, Yang Jiechi, member of the Political Bureau of the CPC Central Committee and director of the office of the Central Committee on foreign affairs, exchanged views with US Secretary of state pompeio on Sino US relations in New York.