What do they mean by mining

Computer graphics card mining: refers to the process of mining bitcoin with computer graphics card

video card mining is a formula with many answers. Users download the decoder from personal computer and then run a specific algorithm to decode it. After communicating with the remote server, they can get the corresponding bitcoin. The more powerful the graphics card is, the faster the decoding speed is, and the faster bitcoin will be g. It's also called mining

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1. Introction to bitcoin mining machine:

bitcoin mining machine is a computer used to earn bitcoin. This kind of computer generally has professional mining chips, and works in the way of burning graphics card, which consumes a lot of power

2. How to use bitcoin mining machine:

download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start

reference source: network mining machine

Mining: that is, bitcoin mining, is a process of using computer hardware to calculate the location of bitcoin and obtain it

Because bitcoin is valuable now. If you want to get this kind of virtual currency, you can "dig" on the Internet in addition to trading. The so-called "dig" is to use the graphics card to download the decoder on the website of the bitcoin distribution center to decode, and then you can get bitcoin. The stronger the graphics card is, the faster the decoding speed is, the faster the bitcoin will be g. It's also called mining. So there are a lot of people wantonly purchase graphics card mining, so graphics card will soar

Computer Mining: when users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins. In short, it's about looking for bitcoin

e to the decentralized programming adopted by the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

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the corresponding laws and regulations of computer mining in China:

in China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty

the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate

in China, some Taobao stores also began to accept the use of bitcoin, and the number of businesses will graally increase

in October 2013, the first bitcoin quarterly, one bit, was released

on October 15, 2013, the network accelerator service of the network announced its support for bitcoin

on October 26, 2013, btcmini reported that GBL was hacked

on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws

Computer mining is a bitcoin mining machine, which is a computer used to earn bitcoin

this kind of computer generally has professional mining chips, and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server

To be a miner is to proce bitcoin with one's own computer. In the early client, there was the option of mining, but it has been cancelled. The reason is very simple. With more and more people participating in mining, it may take a few years for one to dig for 50 coins. Therefore, miners generally form a miner's guild to dig together. Specific mining methods, you can go online search. This method is already very unrealistic< br />