Mining Science Popularization

1.

In 2009, bencong invented bitcoin, and set that there are only 21 million bitcoins. By participating in the proction of blocks and providing proof of work (POW), he can get the reward of bitcoin network. This process is mining

the concept of "mining" comes from the existing concepts in our real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig

another important point of bitcoin mining is that the miners who participate in mining recognize the value of bitcoin, and some of them are willing to spend money in the bitcoin market. Therefore, the mining of bitcoin is meaningful

extended data

currency characteristics of bitcoin

1, decentralized

bitcoin is the first distributed virtual currency, and the whole network is composed of users without central bank. Decentralization is the guarantee of bitcoin's security and freedom

2, bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3, exclusive ownership

controlling bitcoin requires a private key, which can be stored in any storage medium in isolation. No one can get it except the user himself

4, low transaction cost

bitcoin can be remitted free of charge, but in the end, about 1 bitfen transaction fee will be charged for each transaction to ensure faster transaction execution

5, no hidden cost

as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6, cross platform mining

users can explore the computing power of different hardware on many platforms

2. 1. What does mining mean
ancient mining can be traced back to the selection of stone materials in the stone age. Later, with the rise of the metallurgical instry, mining, mineral processing technology has graally developed. This paper introces the ancient Chinese open-pit mining, underground mining, roadway support, rock fragmentation, roadway ventilation, lighting, drainage, transportation, mineral processing and other aspects< There are many surface outcrops, slope deposits or resial deposits in open-pit mining of various metal veins or orebodies, so open-pit mining has become an important mining method in ancient times. Open pit mining can be divided into excavation method and reclamation method
2. Mining is the synonym of accumulated income for activities in bitcoin

mining is brought out by the recent popularity of bitcoin. As a virtual currency, bitcoin can be exchanged for real currency. One of the ways to get bitcoin on the Internet is to participate in related activities every day. These activities, like mining in online games, need to slowly accumulate wealth in exchange for bitcoin.

3. Mining is the use of bitcoin mining machine, which is used to earn bitcoin

one of the ways to get bitcoin is that users download software from personal computers and then run specific algorithms to communicate with remote servers to get corresponding bitcoin

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it is only hd6770, the computing power after "grouping" can surpass that of most users' single graphics card

and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the cost of hardware and other costs, there is a considerable expenditure in mining.

4.

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

3, users use personal computer to download software, and then run specific algorithms. After communicating with remote server, they can get corresponding bitcoin, which is one of the ways to get bitcoin. Ordinary graphics cards don't need to try, and electricity charges are not enough. Master Lu has bitcoin test, which can see how long it takes for your computer to dig a bitcoin

5. At present, the most valuable currencies for investment are rare ancient coins, which are unnecessary for a large amount of existence, and rare commemorative gold coins issued by the state. These should have the largest value-added space, waste a lot of money, and can be collected if there is more money.

6. There are too many reports about bitcoin on CCTV. At the end of 2013, the soaring price of bitcoin was closely related to the media exposure. CCTV news has reported on bitcoin many times, leading to more people to understand bitcoin. Some people have questioned that the soaring price of bitcoin at the end of 2013 was carefully planned by a domestic team or investment institution or fund. The extensive coverage of the media may be the result of their promotion. However, since the central bank issued the risk notice on bitcoin at the end of 2013, bitcoin has been on a long-term decline. CCTV's reports also changed from positive reports to negative reports.

7. Of course, it can make money. It can also be used to make handicrafts and weapons. Generally, a group of Mines above level 5 can be sold for money

8. blockchain is composed of blocks. A block contains about 400 transactions, which are packaged into a blockchain and then form a tamper proof blockchain
the packer of the transaction is the miner, and the income from the miner's packaged transaction is bitcoin
miner's income consists of two parts:
1. Service charge is required for package transaction (users pay part of bitcoin)
2. A reward (bitcoin) will be automatically generated for each block generated