How does EOS mine

1. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. The mining process of Ethereum is almost the same as that of bitcoin. For each transaction, miners can use the computer to run the unique title metadata of the block through hash function, and guess the answer repeatedly and quickly until one of them wins

many new users believe that the sole purpose of mining is to generate ether in a way that does not require a central issuer (see our guide "what is ether?"). It's true. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. But mining is at least as important. Usually, banks are responsible for keeping accurate records of transactions. They make sure that money is not created out of thin air and that users don't cheat and spend money many times. However, blockchain introces a new way to keep records, the whole network instead of intermediary, to verify transactions and add them to the public ledger

Ethereum mining

although "no trust" or "trust minimization" monetary system is the goal, there are still people who need to ensure the security of financial records and ensure that no one cheats. Mining is one of the innovations that makes decentralized records possible. Miners have reached a consensus on the history of transactions in terms of preventing fraud (especially double spending on ether) - an interesting issue that hasn't been addressed before the decentralized currency works on the blockchain. While Ethereum is looking at other ways to reach a consensus on the effectiveness of the deal, mining currently keeps the platform together

how mining works
today, the mining process of Ethereum is almost the same as that of bitcoin. For each transaction, the miner can use the computer to guess the answer repeatedly and quickly until one of them wins. More specifically, the miner will run the unique header metadata (including time stamp and software version) of the block through the hash function (which will return a fixed length, unordered string of numbers and letters, which appears to be random), changing only the 'nonce value', which will affect the hash value of the result

if the miner finds a hash that matches the current target, the miner will be granted ether and broadcast the block across the network for each node to verify and add to their own ledger . If miner B finds the hash, miner a stops working on the current block and repeats the process for the next block. It's hard for miners to cheat in this game. There is no way to fake the work and come up with the right answer to the puzzle. That's why solving puzzles is called "proof of work."

on the other hand, others have little time to verify whether the hash value is correct, which is exactly what each node does. About every 12-15 seconds, a miner finds a stone. If the miner starts to solve the puzzle faster or slower than this, the algorithm will automatically re adjust the difficulty of the problem so that the miner can rebound to about 12 seconds of solution time

miners earn these ethers randomly, and their profitability depends on their luck and the computing power they put in. The specific workload verification algorithm used by Ethereum is called "ethash", which aims to require more memory, making it difficult to mine with expensive ASIC. Special mining chips are now the only profitable way to mine bitcoin

in a sense, ethash may have achieved this goal successfully, because dedicated ASIC is not available for Ethereum (at least not yet). In addition, as Ethereum aims to shift from proof of work mining to "proof of equity" (which we will discuss below), buying ASIC may not be a wise choice because it may not prove useful for a long time< However, Ethereum may never need miners. Developers plan to abandon proof of work, the algorithm currently used by the network to determine which transactions are valid and protect them from tampering to support proof of equity, which is guaranteed by token owners. If and when the algorithm is launched, proof of equity can become a means to achieve distributed consensus, and the consensus uses less resources.

2. There are only four steps

1. You need to register a bitcoin wallet, which is equivalent to your bitcoin account
2. Register on the bitcoin mine pool website and connect to your wallet (the mine pool can only remit bitcoin to your wallet, but can't take bitcoin from it)
3. Decide whether to use a mining machine or your own computer. If you decide to use a mining machine, you can buy it. The advantage is that the time to dig bitcoin is much faster than that of a home computer. The disadvantage is that it is too expensive
4. Download the mining software and connect the mine pool through the software to start mining

every step has many choices, because there are many bitcoin wallet registration websites, mine pool websites, many kinds of mining machines, and many mining software
you'd better go to bitcoin.org to choose. There are recommendations on it.

3. Black Platform

4. In the field of government services, the process optimization and cost saving are preferred. The launch of the blockchain government platform can promote the disclosure of government information, effectively connect the enterprise and the government, improve the efficiency of the government, and rece the business process; It is suggested to pay attention to the official number "SMIC blockchain service platform"

5. Mining is the most primitive "exploration method" to obtain digital currency. In essence, it is to solve a complex mathematical problem with computer. If blockchain is compared to a large account book, the block in which is a page in the account book, and all miners are bookkeepers, the process of mining is bookkeeping, and also to maintain the normal operation of the whole network
the process of mining is very simple. Take bitcoin as an example. Every 10 minutes, all the miners work out a math problem together. Whoever works out the answer first is equivalent to digging this block and getting the corresponding bitcoin as a reward. Mining equipment is the first to use computers. With the rising price of bitcoin, more and more people participate in mining. CPU mining has graally turned into a professional graphics card. In recent years, it has become a specific mining machine. This evolution is e to the problem of computing power. As I said just now, mining means "all miners work out a mathematical problem together." the higher the computing power, the stronger the hardware computing power and the faster the speed. Suppose that the computing power of the computer is 1, the computing power of the graphics card is 5, and the computing power of the mining machine is 100, then the mining efficiency of the mining machine is 100 times that of the computer, It's almost impossible for computers and mining machines to dig bitcoin together

warm tips: investment has risks, so we should be cautious in choosing. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
response time: April 2, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

6. Hello

1. Download your bitcoin e-wallet first. There is bitcoin client on the Internet. You don't need to register it. 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 information of all network nodes. It's from all over the world. How big should it be, I've been updating for several days, and I've 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, 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, However, deepbit, known as the world's largest mine of bitcoin, has registered its account on the website. Click my account
5, enter my account information, here you can see your miner information, how much bitcoin your account has, C contribution

6, specific settings of my account< br /> 1、< Your bitcoin address to receive payment: & gt; In the box, enter the address where you accept bitcoin. Don't write it wrong, or you'll be digging for nothing. The picture and text above have said that
2. Minimum value of automatic payment: set by yourself. When you have so much money in the mine pool, the website will automatically type the money to your bitcoin account address set above. You see, the above settings are important
3 to set up miners, click create new vorker, Chinese is to create new miners, miners can help your mining workers, you can set up more than one, and then dig in a lot of computers, the effect is more obvious, the income is more rich
just write the name casually, to write in English, foreign things better write in English
write the password by yourself, don't write it too long, it's just simple, it's not important
failure detection threshold (1-3600 minutes): just write 60,
send email notification when the miner doesn't work? *: Choose decisively, refuse spam,
payment method for miners: choose decisively, pull according to proportion, pay more for more work, which is in line with human development
finally, click Sava setting to save your miner, and you can see your miner's information when you return
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, remember to connect your registered account with your mailbox and miner's, 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 the ore to be collected. 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

reference: http://jingyan..com/article/7f41ececc5707c593d095c90.html