What are the principles of this virtual currency as simple as possible? Since it is a virtual currency, is he valuable? Or is it just like Tencent Q coin is worthless?
4 thoughts on “I am not a computer professional about how to dig the Bitcoin.”
Leave a Comment
You must be logged in to post a comment.
Unlike Q coins, Bitcoin is made by nodes generated by the calculation power of the graphics card. The more the quantity, the slower the production, and the total daily production in the world is certain. Therefore, it is not easy to exceed, and it is not easy to depreciate. Japan can buy items directly with Bitcoin. Other countries are not currently.
Simply put, it is calculated, but the calculation amount is very large. It takes a long time to dig (calculate) one.
I bought a mining machine, and 58BTC has a mining machine to buy, the price is quite beautiful
Anyone can run software on a special hardware and become a Bitcoin miner. Mining software is listened to the transaction broadcast through P2P networks to perform appropriate tasks to handle and confirm these transactions. Bitcoin miners can earn the transaction fees paid by users who can earn users to accelerate transaction processing and Bitcoin issued by fixed formulas.
The new transaction needs to be confirmed in a block with a math workload. This proof is difficult to generate because it can only be generated by trying billions of calculations per second. Miners need to be accepted and run before their blocks are accepted. As more people start mining, the difficulty of finding effective blocks will be automatically increased by the network to ensure that the average time that finds the block is maintained at 10 minutes. Therefore, the competition for mining is very fierce, and no individual miner can control the content contained in the blockchain.
The workload proof is also designed to rely on the previous blocks, so that the sequence of the blockchain is forced. This design makes it extremely difficult to revoke previous transactions, because it needs to re -calculate the workload certificate of all subsequent blocks. When the two blocks were found at the same time, the mining union handled the first block received, and once the next block was found, it turned to the longest blockchain. In this way, ensure that the mining process maintains a global consistency based on processing capabilities.
Bitcoin miners can neither increase their rewards through cheating, nor can it deal with fraud transactions that damage the Bitcoin network, because all Bitcoin nodes will refuse blocks that contain invalid data that violate the rules of the Bitcoin agreement. Therefore, even if not all Bitcoin miners can trust, the Bitcoin network is still safe.