wholesale jewelry cabinet showcase What is the principle of bitcoin mining?
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wholesale jewelry cabinet showcase What is the principle of bitcoin mining?
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wholesale african gold plated jewelry set The principle of Bitcoin mining is to perform rules formulated by people and automatically execute by computer.
The inventor of Bitcoin Sutoshi Nakamoto (Satoshi) stipulated this rule at the beginning. Those who participate in the Bitcoin blockchain must automatically adhere to it unconditionally.
The contents of the rules are roughly,
sered the circulation data of Bitcoin, sorted it into a fixed size, and then uploaded to the people who were broadcast on the blockchain for the Synchronous Broadcast of Bitcoin. Reward 50 Bitcoin.
In specific conditions, these rewards will be halved, and the time will be about once in about 4 years.
So how do you complete the packaging and finishing of this data?
The people who want to complete this action must choose the necessary tools first, that is, the software that performs the Bitcoin blockchain, and the machine running the software (the computer at the beginning); At this time, you become a "node" and a part of the blockchain data for the blockchain data.
The node runs a specific mathematical formula. After obtaining the correct answer, you can obtain the priority of the packaging data. To get the node of the priority, whoever completes the packaging and upload it to the blockchain first, and receives the acceptance and recognition of other nodes, the system will automatically distribute the reward to his hands.
If in the packed transaction, there are users plugged in Bitcoin fees for the packaging node, and the handling fee is owned by the node.
people think that the process of calculating the mathematical formula and completing the packaging to get the reward is the same as fishing in the river. It is necessary to abandon many wrong answers to find the correct key to get gold. Essence
So Bitcoin mining is either digging something, or with a computer constantly guessing, whoever guess who can get the reward first.
wholesale fashion jewelry bulk Bitcoin's mining principle
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cheap bling jewelry wholesale Bitcoin mining is through the mining node, and then the Bitcoin mining machine (computer) continues to consume its own computing power to exchange for Bitcoin. In the Bitcoin system, through your own algorithm, you can dynamically adjust the mining difficulty of the entire network node to ensure that every 10 minutes of time will have a node mining. At this time currency. Digging Bitcoin is a relatively complicated process, but digging Bitcoin generally go through these steps, namely preparation, finding mining pools, registered mining pool accounts, mining pool account settings, download Bitcoin mininger (software) , Bitcoin mining machine configuration; after the above steps, you can mine.
The content of this article comes from: China Law Press "The Financial Code of the People's Republic of China: Application Edition"