What is general mining
mining: that is, bitcoin mining, is a process of using computer hardware to calculate the location of bitcoin and obtain it
ancient mining can be traced back to the selection of stone materials in the stone age. Later, with the rise of the metallurgical instry, mining, mineral processing technology has graally developed. This paper introces the ancient Chinese open-pit mining, underground mining, roadway support, rock fragmentation, roadway ventilation, lighting, drainage, transportation, mineral processing and other aspects< There are many surface outcrops, slope deposits or resial deposits in open-pit mining of various metal veins or orebodies, so open-pit mining has become an important mining method in ancient times. Open pit mining can be divided into excavation method and reclamation method
2. Mining is the synonym of accumulated income for activities in bitcoin
mining is brought out by the recent popularity of bitcoin. As a virtual currency, bitcoin can be exchanged for real currency. One of the ways to get bitcoin on the Internet is to participate in related activities every day. These activities, like mining in online games, need to slowly accumulate wealth in exchange for bitcoin.
Bitcoin mining is a process that uses computer hardware to calculate the location of bitcoin and obtain it
mining is an incentive process to record data in the bitcoin system. In the bitcoin system, indivial users have the right to pack blocks after calculating a specific hash value by using CPU or GPU to hash
and in order to reward this user for packing blocks, the system will give a certain amount of bitcoin as reward. Because this process is very similar to "mining" in real life, most people call this process mining. In addition to bitcoin, other electronic virtual currencies can also be obtained through mining rewards, such as Ethereum, Monroe and so on
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mining risk:
1, currency security
the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin
2, system risk
system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income. However, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners
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
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
Bitcoin mining is a process of using computer hardware to calculate transaction confirmation and improve security. Bitcoin is a reward for miners to calculate and confirm
bitcoin also has a hype mode. Similar to bitcoin, there are also flow ores. Flow ores also have ways of trading and speculation, but the mining principle of flow ores is different from bitcoin. Flow ores mainly collect the idle bandwidth of miners and give them rewards
in fact, the blockchain technology adopted by bitcoin is more valuable than itself. This is a new way of information storage. The data is stored in all devices connected to the network. When new devices join, the information will be updated automatically, and all devices have the right to read the information
to understand the significance of bitcoin from the perspective of currency, we need to understand the currency itself first, and then compare it with the characteristics of bitcoin. After comparison, I think that bitcoin is a very high-quality currency, but some people don't think it is. They mainly question the formation mechanism of bitcoin and the lack of national credit as guarantee. They think its foundation is relatively weak
at present, there are quite a lot of arguments about bitcoin in academic circles. For example, if the total amount of bitcoin is certain, then whether it will cause deflation or inflation has different views. I think it's deflation, and the value of bitcoin will be higher and higher
at present, bitcoin still means a little bit of a safe haven currency. When the news of brexit came out, the transaction price of bitcoin rose by 20% - 30% to about 4500 yuan / piece
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
the concept of bitcoin was first proposed by Nakamoto in 2009. Bitcoin, also known as bitcoin, is an open source software designed and released according to the idea of Nakamoto Tsung, and a P2P network built on it. Unlike most currencies, bitcoin does not rely on a specific central issuing institution. It uses distributed databases throughout the P2P network nodes to record currency transactions, and uses cryptography design to ensure the security of all aspects of currency circulation
2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
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Computer Mining: when users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins. In short, it's about looking for bitcoin
e to the decentralized programming adopted by the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
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the corresponding laws and regulations of computer mining in China:
in China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty
the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate
in China, some Taobao stores also began to accept the use of bitcoin, and the number of businesses will graally increase
in October 2013, the first bitcoin quarterly, one bit, was released
on October 15, 2013, the network accelerator service of the network announced its support for bitcoin
on October 26, 2013, btcmini reported that GBL was hacked
on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws