Which coin makes money by mining
mining refers to the use of bitcoin mining machine to obtain bitcoin, that is, the computer used to earn bitcoin. If you can get bitcoin, you can make money this kind of computer generally has professional mining chips and works by installing a large number of graphics cards, which consumes a lot of power. The computer downloads the mining software and then runs a specific algorithm to get the corresponding bitcoin after communicating with the remote server
precautions:
1. It's better to use DIY mining machine, from purchasing accessories to assembly, and then to mining software, to learn, focus, practice and graally understand the blockchain
Mining is actually a fixed investment process: regardless of the currency price, a certain amount of positions will be increased every day3. The bitcoin wallet used to store bitcoin uses military level encryption, which makes it impossible for hackers to steal easily. Bitcoin wallet also allows users to set two passwords, a public account password and a private password. The user of public account password is to let the user receive bitcoin. If users want to withdraw or transfer bitcoin from their accounts, they need to use a private password
today, I'll write down my experience and tools in bitcoin exploration. I'm also a novice. I'd like to share with people who love bitcoin
1. Download your bitcoin e-wallet first. There is bitcoin client on the Internet. It doesn't need to be registered. It is bound to your computer by default. After downloading and installing, it will change your network data block. This is enough. I heard that it is to download all the information of network nodes. It's global. How big should it be? I've updated it for several days and finished downloading the data block
bitcoin client interface:
2. The interface is relatively simple. With this client, you can make bitcoin payment and collection. You can see a string of numbers and letters below by clicking on the circle in the figure below. You can the string and send it to others. If you give the bank card account number to others, they can pay. You can click "send currency" and paste the account number sent by others to pay for bitcoin. There is no third party in this process, So it's safe
3. How to mine is also an important way to proce bitcoin. Mining tool is guiminer, it is a green package, that is, folder, do not need security, download it directly decompression can be used, find the icon below, double-click to run
interface:
4. If you have a tool to use, you need to find a good place to proce minerals, that is, a mine pool. Now the output of bitcoin is less and less. If you dig bitcoin, you don't know when and when. If you are a Galaxy series supercomputer, let's talk about it separately. Personal computers can be ignored. There are many mines, But it is known as deepbit, the world's largest mining pool of bitcoin. Its website is
https://deepbit.net/
log in to the website to register an account. Click my account
5, enter my account information, here you can see your miner information, how much bitcoin the account has, C contribution
6, specific settings of my account
1. Enter the address where you accept bitcoin in the box. Don't write it wrong, or you'll be digging for nothing, as mentioned in the picture and text above
2. Minimum value of automatic payment:
set by yourself. When you have so much money in the mine pool, this website will automatically type the money to your bitcoin account address set above. You see, the above settings are important
3 set miners, click Create
New
vorker, Chinese is to create new miners, miners can help your mining workers, you can set more than one, and then excavate in a lot of computers, the effect is more obvious, the income is more rich
write freely on the name, to write in English, foreign things better write in English
write the password by yourself, don't write it too long, it's simple, it's not important
failure detection threshold
(1-3600
minutes):
just write 60,
when the miner doesn't work, send an email notice*<
: choose not decisively, refuse spam,
payment method: choose decisively, pull according to proportion, pay more for more work, which is in line with human development
click the last point
Sava
setting
to save your miner and return to see your miner's information
7. Fill the miner information into the mining tool guiminer,
file - & gt; new
opencl
miner-> Fill in your favorite name - "sever" select deepbit - "user name to fill in the miner's name. Remember to add the miner to your mailbox in the form of your registered account. There is a password on it, you know. Device
is to choose what hardware you use to work, usually with a graphics card. Select the graphics card you want to use. If you can't find it, remember to update the graphics card driver, Then start
mining. You can sit and wait for ore collection. The specific speed depends on your computer configuration
note: there are many ore pools and tools, but I won't introce them to you, just because I use what I said above. Whoever uses knows, there will be a place to speak, and I may not understand others. Be careful, the electricity bill is not enough. If you really have it, you can buy and sell bitcoin on China bitcoin network and exchange it for real gold, right.
computing this random code requires a lot of GPU operations, so the miners purchase a large number of graphics cards to get bitcoin more quickly and make profits
bitcoin has a halving effect, that is to say, every four years, the number of bitcoin will be halved. In this way, the computing power of bitcoin will increase, that is, the difficulty of mining will increase. Under normal circumstances, mining generally refers to the use of mining machine, that is, the computer to dig. These all refer to the single operation, or the operation of the whole mine. Cloud computing power mining refers to mining with multiple people. You can participate in mining as long as you invest a small part
the usual steps of bitcoin mining are "purchase miner - deploy miner - set miner - get profit", but the deployment of miner is affected by many factors, such as electricity price, site, temperature, noise, operation and maintenance, etc. These barriers need certain conditions and knowledge to eliminate, so it gives birth to a sub mole of mining instry - cloud computing power
cloud computing power is a remote mining mode. Users purchase cloud computing power contracts through the platform, rent computing power mining, and obtain revenue regularly. The advantage of cloud mining is that users don't need to deeply understand the mining principle and various software and hardware, or buy expensive mining machines, and they don't need 24-hour maintenance. As long as they place an order, they can participate in mining, which is similar to purchasing usufruct procts
for mine owners, renting and selling the right to use the computing power for a period of time to customers at a price slightly lower than the self operated mining income can quickly return cash, purchase the latest mining machinery in advance, expand the proction scale, and win the possibility of profit in the forward market. To some extent, it can also retain mining machinery at a low currency price, transfer risk, and hedge the single risk of self operated mining business< However, compared with direct participation in mining, cloud computing power also shows the following disadvantages:
even if the platform fully displays relevant information such as mines, mining machinery, cooperation and teams, it is still difficult for users to judge the quality of computing power, real-time operation status (such as power failure, site temporary inspection) or real revenue data behind the platform
the risk of speculation in bitcoin (short-term trading to earn spread) is higher than that of Tuen bitcoin (long-term bullish), but most Tuen bitcoin investors often lack judgment on short-term price changes and "get off early". Cloud computing power brings a small amount of bitcoin income to investors every day, which is also controlling investors' frequent operation in disguised form. Therefore, for many people who like bitcoin, there will be such a saying: "it's better to dig money than to fry money"
the market opportunity of cloud computing power is to provide indivials with a more neutral way of investment. The threshold is lower than that of self built mines, the risk is lower than that of short-term operation, and the cost is lower than the market price. It also allows mines to share the costs and risks and obtain more abundant cash flow
the main risk of cloud computing power lies in the authenticity and stability of computing power behind the contract. In our long-term contact with the mining instry, the high-frequency words we hear are "pit": reasons for power failure beyond common sense, various incidents ring the transportation of mining machinery, constant interference of viruses and extortion, fluctuation of futures and tardy spot, obstacles of cross-border trade, and team ghosts that can't be prevented. Therefore, real and stable computing power is scarce to a certain extent, Behind it is often years of experience. As an information intermediary, cloud computing power platform will become its core competitiveness in how to help users select high-quality cooperative mine cooperation, design friendly and attractive procts, formulate professional and transparent instry standards, establish disaster recovery plans to deal with various risks, and provide high-quality services throughout the whole process of investment
of course, mining is a long-term development instry, and cost recovery also needs a certain period, so whether you can make money mainly depends on whether you can stick to it.
Development:
1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan
2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. West Virginia Democratic Senator Joe; On February 26, 2014, Joe Manchin issued an open letter to a number of regulatory authorities of the US federal government, hoping that relevant institutions would pay attention to the current situation of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency. On January 11, 2017), the Shanghai headquarters of the people's Bank of China and the Shanghai Municipal Finance Office carried out on-site inspection of bitcoin China.
bitcoin is not as easy to dig as it used to be. If you really want to invest, it's better to buy ready-made bitcoin.