Mining transfer

1.

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

extended data:

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

2. Computers with bitcoin clients are called nodes, and all nodes on the Internet constitute a bitcoin network. Whenever a new bitcoin is generated and traded on a node, the node will broadcast to the nearby bitcoin node, and finally the whole network node will record the transaction information
in the bitcoin network, each node with a client installed has a distributed database to manage bitcoin proction, transaction, query account balance records, and update and record the latest records of changes in the bitcoin system
when you want to send 10 bitcoins to your friends. You need two things, one is the bitcoin address, the other is the corresponding private key. Bitcoin addresses are different from bank accounts. You don't need to sign a bunch of documents to apply for them. They are randomly generated, just a string of letters and numbers. The private key is also a similar string, but this is strictly confidential. The bitcoin address is like a transparent piggy bank. Everyone can see what's in it, but only the person with the private key can open it.
after you send the transaction application, the surrounding nodes will check whether your account has 10 bitcoins. If there are, they will agree to the transaction, and broadcast the message to the nearby nodes, which will be transmitted from one to ten, and from ten to 100, Soon the whole network will confirm the transaction information and write it to the block. Your friend will receive 10 bitcoins, and the transaction will be completed.
if you want to send small bitcoins, in theory, digital currency can be cut infinitely. At present, the smallest bitcoin unit is called "Nakamoto Tsung", which is equivalent to 0.00000001 bitcoins.

3.

Bitcoin is actually a virtual currency. When bitcoin first appeared, if you want to get bitcoin, you have to get bitcoin through mining. Therefore, bitcoin mining appeared. But bitcoin mining is more and more difficult, so it is very difficult to get bitcoin now

so now many people use Haru miner digs Ethereum, Monroe and other virtual coins. Most importantly, BTC can be directly equivalent in the end

4. I haven't taken any risks!!! But I don't know much about it. In the point-to-point decentralized payment system, there must be service charges to be paid to "miners". Are the transaction service charges collected by major trading platforms? In the ideal class this Cong type payment system does not appear successfully, the so-called this coin that coin all degenerates into the swindler swindles the money commodity!!!

5.

First of all, when it comes to mining, bitcoin is indispensable. In fact, this problem is very simple. Any currency, including bitcoin, Leyte coin and infinite coin, is not created without any reason. Bitcoin must be generated by computer calculation. This method of generating bitcoin is called "mining". So how do indivials use computers to mine? Let's learn about it

As long as there is a computer that can access the Internet and download the bitcoin program from the bitcoin website, the first run will generate a digital account, and then keep running, the program will constantly calculate a series of "mathematical problems". When you have successfully calculated "a mathematical problem", the program will continue to run, It's possible to get a certain amount of bitcoin

bitcoin

so bitcoin has high requirements for computer performance, and now it is generally collective mining, and personal computer mining seems to be out of fashion, or even no longer. To participate in mining, it is best to join some mining groups

the data of bitcoin is distributed on every client with wallet installed all over the world. Every transaction will be calculated in the whole network, and the fees you pay and the corresponding algorithm will ensure that the miners will get the corresponding remuneration

Bitcoin is a P2P network. Just like the familiar BT download mode, in order to keep the network running, it is necessary to always keep someone online to upload and share data with others. Therefore, the publishers of BT seeds often ask the sowers to be "Sowers" on the forum, but in fact, BT seeds are often broken. People are selfish. You can't ask everyone to contribute their resources for free, My computer is on. It costs at least electricity

and the bitcoin network, like the BT download, needs "miners" to contribute their computer resources for calculation to ensure the operation of the bitcoin network. If the people who contribute resources like the BT download do not get the benefits, the bitcoin network will die. So the issue of bitcoin is designed that whoever contributes computing power to keep the bitcoin network running can get the fee paid by the network - bitcoin

3. Let's take another example. Our banks need fees to maintain their operation. We all know that bank transfer fees start from 2 yuan, and a card costs 10 yuan a year. But these fees are really the fees that banks need to maintain their operation, otherwise the bank will go bankrupt

In fact, we all know that these fees are reced in various forms. We can consider another mode: all services of banks are free, but as compensation, the state allows banks to issue their own currency, but only 1% of the total amount of all currencies can be issued each year

in this way, all people can enjoy the free service of the bank, but they have to bear 1% inflation virtually. In fact, it's easy for people to accept the immediate benefits - free services (which is the essence of the Internet model), without considering the impact of long-term inflation

this is the basic principle of the issuance and operation of bitcoin. Miners contribute a lot of computing power to maintain the operation and stability of bitcoin network, and in the process of computing, miners can get the new issue of bitcoin. Although inflation has actually occurred, the money in my wallet has not decreased, has it

and a clever design of bitcoin is that there are fewer and fewer new bitcoins, and the new bitcoin issue is decaying, so although bitcoin is not the deflationary currency that most people think, its inflation rate is really getting lower and lower, and finally tends to zero, and once the irrecoverable loss of bitcoin occurs, it will deflate

6. Basic operation:

7. That is to say, the income from mining can only be filled in the address of the wallet, and only when the mine pool reaches the wallet can it be filled into the capital account for trading

8. You can try the Kunpeng computing power platform, which can well rece the threshold for users to enter the digital currency instry, and the income in it is really stable.. I hope my answer can be helpful. Welcome to ask. Thank you again!