What is a bitcoin digger? Do you know how to get bitcoin?
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% of the world's existing currencies are issued or abolished by national central banks. Ordinary people cannot participate in currency issuance or central bank accounts. If the Central Bank continues to issue money, it will dilute people's money and reduce their purchasing power.
This is by no means alarmist. Some countries in the world have already had such incidents.
For example, in Zimbabwe, in recent years, the government issued a large number of excessive currencies, which led to the near collapse of Zimbabwe's economy, and finally had to introduce the US dollar into the local legal currency. Now Zimbabwean economists are considering alternatives to bitcoin.
Bitcoin is like this movie. It doesn't exist in the central server like the central bank, but in hundreds of millions of computers around the world. Since its issuance, in theory, no one can control the number of bitcoin, nor can they artificially control the value of the currency by making a large number of bitcoin. The design based on cryptography can make bitcoin only be transferred or paid by the real owner, so it has excellent security._DJMINER
But bitcoin is not perfect. It has a fatal flaw that makes it unable to become legal tender.
Mining is the process of consuming computing resources to deal with transactions, ensuring network security and keeping everyone's information in the network synchronized. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world. No one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. Unlike gold rush, however, bitcoin mining rewards services that ensure that secure payment networks operate. After the last bitcoin issue, mining remains a necessity._DJMINER
In short, bitcoin mining calculation is based on the mathematical problem of sha256 algorithm. Confirm the network transaction, and bitcoin network will give equal bitcoin reward according to the contribution of miners. At present, bitcoin mining has gone through three stages: CPU, GPU and ASIC. At present, the mining industry is dominated by ASIC mining machine. Among them, Avalon mining machine is particularly prominent. Avalon mining machine has always been at the forefront of the mining machine industry and is the leader of bitcoin mining industry. At present, the mining machine with three generations of chips has entered the market. The fourth generation of chips is said to be under development.
Anyone can run software on specialized hardware and become a bitcoin miner. Mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing as well as additional bitcoin issued according to a fixed formula.
New transactions need to be included in a block with proof of mathematical workload to be confirmed. This proof is hard to generate because it can only be generated by trying billions of calculations per second. Miners need to run these calculations before their blocks are accepted and rewarded. As more people begin to mine, the difficulty of finding effective blocks will be increased automatically by the network to ensure that the average time to find blocks remains at 10 minutes. Therefore, the mining competition is very fierce, no individual miner can control the content of the block chain._DJMINER
Proof of work is also designed to rely on previous blocks, which forces the timing of the block chain. This design makes it extremely difficult to reverse past transactions because of the need to recalculate the proof of work for all subsequent blocks. When two blocks are found at the same time, the miner will process * 9 blocks received, and once the next block is found, it will be transferred to the longest block chain. This ensures that the mining process maintains a global consistency based on processing power.
Bitcoin miners can neither increase their rewards by cheating nor deal with fraudulent transactions that disrupt bitcoin networks, because all bitcoin nodes will reject blocks that contain invalid data that violates bitcoin protocol rules. So even if not all bitcoin miners can trust it, the bitcoin network is still secure._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% of the world's existing currencies are issued or abolished by national central banks. Ordinary people cannot participate in currency issuance or central bank accounts. If the Central Bank continues to issue money, it will dilute people's money and reduce their purchasing power.
This is by no means alarmist. Some countries in the world have already had such incidents.
For example, in Zimbabwe, in recent years, the government issued a large number of excessive currencies, which led to the near collapse of Zimbabwe's economy, and finally had to introduce the US dollar into the local legal currency. Now Zimbabwean economists are considering alternatives to bitcoin.
Bitcoin is like this movie. It doesn't exist in the central server like the central bank, but in hundreds of millions of computers around the world. Since its issuance, in theory, no one can control the number of bitcoin, nor can they artificially control the value of the currency by making a large number of bitcoin. The design based on cryptography can make bitcoin only be transferred or paid by the real owner, so it has excellent security._DJMINER
But bitcoin is not perfect. It has a fatal flaw that makes it unable to become legal tender.
What is Bitcoin Miner?
Mining is the process of consuming computing resources to deal with transactions, ensuring network security and keeping everyone's information in the network synchronized. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world. No one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. Unlike gold rush, however, bitcoin mining rewards services that ensure that secure payment networks operate. After the last bitcoin issue, mining remains a necessity._DJMINER
Miner with GPU
In short, bitcoin mining calculation is based on the mathematical problem of sha256 algorithm. Confirm the network transaction, and bitcoin network will give equal bitcoin reward according to the contribution of miners. At present, bitcoin mining has gone through three stages: CPU, GPU and ASIC. At present, the mining industry is dominated by ASIC mining machine. Among them, Avalon mining machine is particularly prominent. Avalon mining machine has always been at the forefront of the mining machine industry and is the leader of bitcoin mining industry. At present, the mining machine with three generations of chips has entered the market. The fourth generation of chips is said to be under development.
What is the mining principle of bitcoin?
Anyone can run software on specialized hardware and become a bitcoin miner. Mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing as well as additional bitcoin issued according to a fixed formula.
New transactions need to be included in a block with proof of mathematical workload to be confirmed. This proof is hard to generate because it can only be generated by trying billions of calculations per second. Miners need to run these calculations before their blocks are accepted and rewarded. As more people begin to mine, the difficulty of finding effective blocks will be increased automatically by the network to ensure that the average time to find blocks remains at 10 minutes. Therefore, the mining competition is very fierce, no individual miner can control the content of the block chain._DJMINER
Bitcoin miner
Proof of work is also designed to rely on previous blocks, which forces the timing of the block chain. This design makes it extremely difficult to reverse past transactions because of the need to recalculate the proof of work for all subsequent blocks. When two blocks are found at the same time, the miner will process * 9 blocks received, and once the next block is found, it will be transferred to the longest block chain. This ensures that the mining process maintains a global consistency based on processing power.
Bitcoin miners can neither increase their rewards by cheating nor deal with fraudulent transactions that disrupt bitcoin networks, because all bitcoin nodes will reject blocks that contain invalid data that violates bitcoin protocol rules. So even if not all bitcoin miners can trust it, the bitcoin network is still secure._DJMINER
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