The relationship between mining and network

1. mining is to confirm the transactions in the bitcoin system over a period of time and record the process of forming a new block on the blockchain. The miner is called the miner. In short, mining is the process of bookkeeping, the miner is the bookkeeper, and the blockchain is the ledger. How to motivate the miner to mine? The bookkeeping power of bitcoin system is decentralized, that is, every miner has the right to keep accounts. The miner who successfully seizes the bookkeeping right will get the new bitcoin reward of the system. Therefore, mining is the process of procing bitcoin. When Nakamoto first designed bitcoin, it was stipulated that for every 210000 blocks generated, bitcoin rewards would be halved until bitcoin could no longer be subdivided. Because the total amount of bitcoin is limited as gold, bitcoin is called digital gold, and bitcoin proction is also commonly known as mining
. The bitcoin system ensures that bitcoin will not be g out too quickly by adjusting the difficulty coefficient. Every 10 minutes, the whole network is absent from work to jointly calculate a difficult problem, compete for bookkeeping rights and bitcoin rewards. If the computing power of the whole network continues to grow, bitcoin will be g out soon. In order to ensure that bitcoin can be g out in about 10 minutes, Nakamoto designs the difficulty of mining for bitcoin, Every 2016 blocks (about 2 weeks) are dynamically adjusted, so that the difficulty after adjustment makes the expected time for each block to be generated 10 minutes. Now the difficulty coefficient is about 480ph / S (Note: September 2017), which is about 68 billion times that of Genesis block. In other words, with the current computing power, the miners in the whole network need to go through about 300 trillion hash operations to find a qualified answer, Generate a new block
. Compared with point-to-point trading, mining and other purchases on the trading platform are the most popular ways to obtain blockchain assets, that is, floor trading. Floor trading of blockchain assets is similar to stock trading. The platform can help you match up, and you don't need to know who your trading partner is. Your trading partner may be one person or many people, Whether it's buying or selling, the trading platform will record the hanging order price of everyone. The buyer and the seller can obtain the latest transaction price through the real-time order. At the same time, the trading platform will summarize the historical transaction price and volume into a K-line chart, which is convenient for investors to analyze the market trend. For example, the UTOR market is the mainstream trading platform in the world.

2. No,
a hard disk can't be mined,
a typical mining method is to use a graphics card or CPU instead of a hard disk
because the hard disk doesn't participate in the calculation, just save the mining software

3. The impact of network speed on the mining of special currency is very small, almost none. The main thing is to maintain a certain amount of data transmission, as long as the network can be connected stably. If there are not too many machines, the effect of 2m, 4m and 100m is the same. Guangzhou Yunxing technology yxbitcoin answers for you
mining refers to the process of using computer hardware to calculate the location of bitcoin and obtain bitcoin. When mining, we need to confirm the virtual currency transaction. In the process of transaction, we run complex operations. Miners use computers to perform these operations, and then get the virtual currency reward
mining, the process of computing the location of bitcoin by computer hardware and obtaining it, is called mining. Every other point in time, the bitcoin system will generate a random code on the system node. All computers in the Internet can search for this code. Whoever finds this code will generate a block and then get a bitcoin. This process is often called mining. Computing this random code requires a lot of GPU operations, so the miners purchase a large number of graphics cards to get bitcoin profits more quickly.

4. This should not have too many requirements, generally not less than 4 megabytes

the founder of bitcoin, Tsung Nakamoto, left the bitcoin project in 2010 and became one of the most mysterious figures in the coin circle. Bitcoin is made by mining. Mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary.

6. Do you want to go to the West Lake Cultural Square or the West Lake
if you go to the West Lake Cultural Square (not beside the West Lake), take subway line 1 to Xianghu. Get off at the West Lake Cultural Square Station and you'll be there
if you go to the West Lake, you can take the subway line 1 in the direction of Xianghu and get off at longxiangqiao station.

7. The impact of network speed on the mining of special currency is very small, almost none. The main thing is to maintain a certain amount of data transmission, as long as the network can be connected stably
if there are not too many machines, the effect of 2m, 4m and 100m is the same<

Guangzhou Yunxing technology yxbitcoin answers for you.

8. No, it's also related to hard disks. At this time, the bigger the hard disk is, the higher the profit will be. At present, the better mining machine is the starbit hummingbird H1

9. And the amount of computation you contribute, that is, high floating-point computing power leads to high returns.