Discuss mining, mining equipment, and mining pools.

Let us begin with mining.

Mining is essentially the process of computing a random hash function. bitmain t17+Anyone who successfully calculates the hash function receives packaged blocks, which are then awarded bitcoin transaction fees.

The mining machine is the machine that is used to determine the correct value. Individual users could initially download specific software to do the calculations from their computers, but as the number of people involved in mining increased, so did the likelihood of people using professional mining machines. These computers typically contain professional mining chips, and the majority of them operate by burning the graphics card, which consumes a significant amount of power.

The increase in computing power, which is the processing speed of your mining machine, will have a quantifiable analysis indicator, such as 1T computing power, which can calculate 10 times 12 times the number of operations. If we can calculate the enterprise 10 times 12 times at the moment of the randomly conducted hash function problem that will grab the bitcoin, if we do not calculate ourselves, we are calculating for nothing.

A mining pool is essentially a pool that gathers users' computing power to mine, where antminer a10 proyou gather a group of people, buy a mining machine to calculate it, and then distribute the bitcoins in proportion to the computing power. The mine can be viewed as a professional mining training and teaching institution, with the responsibility of assisting miners in mining better in all aspects, both theoretically and practically.

When you buy a few thousand mining machines, rent a site, and find cheap electricity to dig, you have a mine.

Once more, the mining machine

Ordinary computer CPUs could mine bitcoins at the time, and because bitcoin was small at the time, there were few competitors, and the mining threshold was naturally low.

Satoshi Nakamoto mined the first bitcoin on a small server in Finland in January 2009, earning 50 bitcoins.

In 2010, a miner could be the first to achieve mining with individuals installed with GPU graphics cards through computers, the GPU graphics card mining industry officially debuted. In China, a single GPU graphics card is equivalent to dozens of CPUs. As a result, a large number of other miners have begun to investigate the use of GPU. The year 2010 is remembered as the first year of information bitcoin GPU mining.

FPGA mining, which was the first chip professionally designed for bitcoin mining, first a10 pro minerappeared in 2011. This computational power has grown to the point where, if a GPU is a chopper, an FPGA is a cannon plus a missile! A single GPU can only produce a few MH/s of power, whereas FPGAs are thousands of times more powerful directly, capable of producing GH/s. At the same time, Bitcoin's price rose from $2 in 2012 to $1,200 in November 2013. Mining became more difficult as a result of the influx of speculators. Oil and gas miners were unable to make ends meet and were forced to purchase new mining equipment.