Bitcoin and basic principles of blockchain

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...

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...