What is GXS mining
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
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-
bitcoin is a string of code generated by an open-source P2P software, which we call cryptocurrency, e-currency and so on. Bitcoin is proced by mining. Generally speaking, bitcoin mining is to use your hardware to calculate the mathematical problems of sh265 algorithm, confirm network transactions, and ensure the security of the whole network system. As a reward, bitcoin system will give a certain amount of bitcoin reward according to the amount of computing power contributed by miners
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mining is bitcoin. Bitcoin will be generated several times every other period of time, and whoever grabs it will own it. The computer connected to the bitcoin system is the tool "miner" for grabbing bitcoin. As for the issue of national recognition of bitcoin, simply speaking, it depends on the possible impact on the country< br />
the professional point is that mining is a distributed consensus system that includes the transaction data to be confirmed into the block chain, so as to complete the confirmation of these transactions. By mining, the data in the block chain can be stored in chronological order, the neutrality of bitcoin network can be maintained, and different computers on the bitcoin network are allowed to agree on the system state. To be confirmed, a transaction must be packaged into a block that complies with very strict cryptographic rules and verified through bitcoin network. These rules can prevent the modification of existing blocks, because once there is a change, all blocks will be invalid. Mining is as difficult as winning the lottery. No one can easily and continuously add new blocks to the block chain. Therefore, no one can control what content is included in the block chain or replace part of the content in the block chain to rece their cost
at present, bitcoin mining needs professional ASIC mining machines. For example, Avalon mining machine (commonly known as pumpkin Zhang mining machine), which has created countless number one mining machines in the instry, is said to be coming out soon, 28nm chips will be streamed soon, and 16nm chips are under development.