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This article will give you a positive answer on what is Bitcoin mining

This article will give you a positive answer on what is Bitcoin mining Speaking of mining, Shanxi coal bosses should be very familiar with this term. Relying on geographical advantages to mine natural resources has made a large number of mining bosses rich. But the earth is constantly moving, and feng shui also follows turns. However, you sang me on stage, and mining belonging to the new era has also created a group of rich people. In southwest China (Yungui River), Xinjiang, Inner Mongolia and other regions, there are almost all mines in China. Whoops? So the question is, what exactly is mining in this new era? What happened to the mine?_ Whatsmienr New Age Mining The new era of mining refers to the mining of encrypted digital currencies such as Bitcoin, which are represented by blockchain technology. Here, Bitcoin mining is taken as an example to explain. A simple understanding is that the nodes on the entire network are scrambling to solve a very difficult mathematical prob...
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Analysis of the Relationship between Bitcoin's Computing Power and Price

Analysis of the Relationship between Bitcoin's Computing Power and Price Since the beginning of this year, the computing power of the entire Bitcoin network has continued to rise, rising from a maximum of 40EH / s at the beginning of the year to 110.6EH / s, and currently remains at a high of about 95EH / s. There was also a voice of rising currency prices in the market. So, is there really a significant correlation between computing power and currency prices? Today, we will perform a simple analysis for everyone._ Whatsminer What is computing power / wide network computing power? Everyone knows that Bitcoin is generated by a random hash collision of a mining machine, and how many hash collisions a mining machine can do per second represents the size of its "computing power". The unit is hash / s (H / S), which is also a requirement of the proof-of-work mechanism (POW) of the Bitcoin network. Bitcoin's entire network computing power refers to the sum of th...
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What is a bitcoin digger

Although many investors know nothing about bitcoin mining, they still can't help the temptation of bitcoin price and plan to put into the mining camp. So if you also want to mine, I believe there must be a question in your mind: "what is a bitcoin miner? What is the principle of the bitcoin digger? " To solve this problem, let's remember some popular science today!_ DJMINER The origin of bitcoin To fully understand the origin of bitcoin, we have to mention the existing financial system. Bitcoin As we all know, money itself has no value. At first, people used barter to trade, but there are many inconveniences, it is difficult to change to the goods they need. As a result, the currency came into being. Through the intermediary of currency, different goods can be priced according to the rarity and the transaction process can be simplified. Although there are many advantages in currency trading, there is also a fatal disadvantage, that is, centralization. 100% o...
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《Bitcoin white paper》Technical interpretation

The technical index of stock is relative to the basic analysis. The basic analysis method focuses on the analysis of general economic situation, operation and management status of each company, industry dynamics and other factors to measure the level of stock price. Technical analysis, on the other hand, studies market behavior responses through charts or technical indicators to speculate on price trends. The emerging white papers on digital currencies can also be interpreted in the same way. Having analyzed the fundamentals of the bitcoin white paper before, let's talk about technology today._ DJMINER Project Description: what is this project for? It is such an electronic payment system, which is based on the principle of cryptography rather than credit, so that any agreed parties can pay directly without the participation of a third-party intermediary. Eliminating the possibility of rolling back payment transactions can protect specific sellers from fraud, and for those who ...
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Understand the principle and application of blockchain through bitcoin

Since bitcoin, the decentralization of blockchain technology and the fact that data cannot be tampered with are increasingly considered to subvert the transaction foundation of human beings for thousands of years. Although the current bitcoin's network computing power is suspected to be monopolized by a few people, blockchain technology has become a growing branch of fintech (Financial Technology) under the active embrace of new start-ups and banks in various countries As a decentralized database in a new era, the application imagination space and development potential of blockchain are huge, which can be seen from the financial field to the Internet of things and cloud computing._ DJMINER What is bitcoin? Speaking of blockchain, we need to start with bitcoin. Bitcoin is a new type of digital asset and transaction mode, which was invented by Satoshi Nakamoto. He put forward this concept in the cryptography discussion group on November 1, 2011. The most important thing is to s...
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Hal Finney: the giant shoulder under bitcoin

Newton once said: If I see farther than others, That's because I stand on the shoulders of giants If this sentence is put in the world of bitcoin Stop and stop You think I'm going to talk about Nakamoto again, don't you Wrong guess. I'm talking about Hal Finney Born in California in 1956, graduated from Caltech He's a Cryptologist It is also the participant of the earliest PGP encryption work More importantly, it is the creator of reusable workload proving mechanism Whether it's cryptography or bitcoin He's been connected with technology all his life After graduating from Caltech, fini went to work for a game company Yes... He didn't follow the path of cryptography Fortunately, the world didn't bury the cryptographer Activist Phil Zimmerman announced on the Internet The first free encryption software PGP will be released soon This rekindled Fanny's interest in cryptography_ DJMINER Finney got in touch wi...
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How secure is bitcoin?

Private key, public key, address I. Wallet The wallets in blockchain are different from those used in our daily life. The wallets we usually use are used to hold money. In blockchain, our assets are various tokens or tokens like BTC and eth. The wallets in blockchain are not used to hold these assets, but as key management tools. Some people may disagree here. I see all kinds of tokens in my wallet. How can I say that they are not used to hold money? I have to tell you first, your token is put in the secret key. Even if your wallet can't be used, as long as you know your secret key, you can continue to manage your assets in other places, and you can calculate the public key and the address indirectly according to the private key. When you create a wallet, a pair of public and private keys will be generated. After a certain algorithm, the public key will get your wallet address, which is the address used for the transaction when others give you money; and the private key is t...
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