Bitby mining

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. Please refer to: http://jingyan..com/article/7f41ececc5707c593d095c90.html
speaking of bitcoin, it can be hot recently. The Internet is discussing this mysterious currency everywhere, even in the economic journal. Newspapers are discussing the feasibility. Bitcoin is popular among computer geeks. These people are yearning for freedom. It is said that when Nakamoto published his paper, bitcoin has become increasingly popular. Many foreign websites and even shopping have accepted bitcoin payment, but domestic ones are relatively few. The value of bitcoin is relatively high now. It is worth more than 300 US dollars and more than 1000 RMB yuan, which is very attractive. But it is just a stock, which goes up and down. It's more risky than special procts. Please be careful when you enter the trade
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, 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 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.

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. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. 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

warm tips:
1. The above information is for reference only, without any suggestions
2. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to the regulation of digital currency in China, investors have the freedom to participate in digital currency transactions at their own risk
response time: February 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

5. Bitcoin mining machine is the computer used to earn bitcoin. 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. One of the ways to get bitcoin is to download mining software and then run specific algorithm to communicate with remote server to get corresponding bitcoin
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 legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law

warm tips: ① the above explanations are for reference only, without any suggestions. The relevant procts are issued and managed by the corresponding platform or company, and our bank does not undertake the responsibilities of investment, cashing and risk management of the procts
② there are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction

response time: January 28, 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.

Mining bitcoin is also called mining. Starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique

in the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million

bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats, equipment, etc. in online games. Internet users can also use bitcoin to buy real goods

extended data:

shortcomings

first, the vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities

Second, the transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed

Thirdly, the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading

Fourthly, the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless

7.

Although many investors know nothing about bitcoin mining, they still can't resist the temptation of bitcoin price and plan to invest in the mining army. So if you also want to mine, I believe you will have a question in your heart: "what is a bitcoin miner? What is the principle of bitcoin mining machine? " To solve this problem, let's remember some popular science today

origin of bitcoin

to fully understand the origin of bitcoin, we have to mention the existing financial system

bitcoin mining machine specially used for mining. The popular digital currencies in 2013 include bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, BBQ coin and prime currency. At present, hundreds of digital currencies are issued all over the world

with the orderly implementation of cashless society, banknotes will inevitably disappear in the long river of history with the passage of time. The future digital currency is believed to be similar to bitcoin, but it is by no means a limited supply. But when the human ability to proce wealth can be completely matched by the computing power of the computer, the issuing speed of e-money is directly proportional to or slightly exceeds the computing speed of the computer to create moderate inflation. In the future, while mining, it is also creating value rather than wasting electricity. In the end, the small changes in proctivity of digital currency match the difficulty of computing power, which may be the final form of human currency