1 thought on “Speaking of mining every day, overview of Bitcoin mining process.”
Douglas
The approximate process of easy -to -understand
If you did not understand the mining before, this introduction is suitable for you to read, and then learn deeper learning after entering the state.
The principle is very simple. Bitcoin, as a point -to -point electronic currency system, the process of mining is a process of recording data, because the entire system is open, everyone can participate in everyone can participate in Therefore, everyone can minimate. Although everyone can participate in theory, no one can have participated in the construction of the Internet for no reason. And competition.
The data processing work, whoever handles it is fast and accurate, who will get the right to book accounts and get the reward of the block. With both rewards and competition, the Bitcoin network can operate normally.
The basic procedures for competition.
. First of all, you have to check and collect unscrupulous transaction information and collect them in a data block.
. After the data block is packaged, the hash operation is performed to calculate the hash value. The concept of hash value has been introduced in detail yesterday's article.
. After calculating the hash value, the entire network broadcasts the entire network. After the other miners receive it, the verification will be connected to the entire blockchain without a problem. Block rewards.
The general process can start to learn more about the entire process after understanding.
The preparation before mining
It is not for you to prepare to buy a mining machine or call the mining machine. The preparation of the previous bookkeeping node is proved. That is the first explanation of the first step in the previous process.
The first step is to collect the original transaction information of the ledger in the broadcast that has not been recorded in the broadcast. After the collection is completed, it is necessary to verify it by itself, mainly verifying two aspects, 1. Is there enough balance of payment address in each transaction information. 2. Verify whether the transaction has the right signature. These two items are essential. Popularity is that you need to confirm two points that you need to make money by others. Whether there are so much money in your account, whether you or your own behavior.
The verified data can be packed after the two items are verified. Of course, it is not finished after the packaging is completed, because there is the most important step for miners. A transaction of 6.25 Bitcoin to his address.
If you are successful, then your account address will increase 6.25 bitcoin. Here is the one by the way, and the initial block booking reward is 50 Bitcoin Bitcoin rewards at about half of the rewards every 4 years, and the reward of Bitcoin's block after half a period of time has become 6.25.
is worth mentioning that after the first two halves, it is accompanied by the coming of the bull market. Now the third decrease has passed. What kind of changes will there be afterwards?
In the preparation work, it is necessary to formally compete for
because of the number of accounting in about 10 minutes. At this stage No smoke war.
How to fight this battle? In fact, it is a competition for calculating the hash function, miner's computing power, so there is no HASH function where the Bitcoin network is not separated from the Bitcoin network. In order to ensure that only one person can succeed in 10 minutes, the difficulty of this hash function must be appropriate. The difficulty of direct hash is too low, so the result of the Hash produced must be composed of several 0.
It may be said directly at the beginning of 0. There is no difficulty concept. Then briefly analyze how difficult it is to perform such calculations. It's right.
This value is similar to the password we usually set. It is composed of numbers and letters, where the letters are distinguished by the lower case. That is to say, each one has 62 possibilities. The essence of the hash computing is trial and error, which is equivalent to giving you a mobile phone that is not limited to making you unlock you. The hash value of Bitcoin starts with 18 0. In theory, it needs to be 62. This number is displayed on the ordinary calculator in a scientific counting method. As a result Essence
The increase in the number of explosive operations in the index ensures the difficulty of mining. At the same time, because the difficulty brings some controversy, some people will say that it takes so much but does not generate value. Previously, the mining was still put into a backward production capacity in a collection of opinions. It can be said that the dispute over the mining industry has always existed.
The last step verification
In found the hash value, the broadcast package block, the network node will be verified.
The situation is nothing more than two types, one is verification and passed, so it indicates that this block is successfully dug out, and other miners will no longer compete. Choose to accept this block. The miners who came out of this block won the reward of the block and entered the next block competition.
The other is not passing, so the work in the previous work is in vain, and the cost of input cannot be recovered, so the miners consciously abide by the rules of packaging and verification, because the cost of evil is compared with the cost of evil than the cost of evil. High, it also maintains the security of the Bitcoin network.
I believe that you have learned about the entire process of Bitcoin mining after reading the article, but the actual operation of mining is another concept. When is it suitable for entering the venue and what is the start of the mines and what you start. The mining machines have some knowledge in what ways to participate in mining.
The mining must be cautious in investment in the mining. If you understand it, you need to learn more before you understand it.
The approximate process of easy -to -understand
If you did not understand the mining before, this introduction is suitable for you to read, and then learn deeper learning after entering the state.
The principle is very simple. Bitcoin, as a point -to -point electronic currency system, the process of mining is a process of recording data, because the entire system is open, everyone can participate in everyone can participate in Therefore, everyone can minimate. Although everyone can participate in theory, no one can have participated in the construction of the Internet for no reason. And competition.
The data processing work, whoever handles it is fast and accurate, who will get the right to book accounts and get the reward of the block. With both rewards and competition, the Bitcoin network can operate normally.
The basic procedures for competition.
. First of all, you have to check and collect unscrupulous transaction information and collect them in a data block.
. After the data block is packaged, the hash operation is performed to calculate the hash value. The concept of hash value has been introduced in detail yesterday's article.
. After calculating the hash value, the entire network broadcasts the entire network. After the other miners receive it, the verification will be connected to the entire blockchain without a problem. Block rewards.
The general process can start to learn more about the entire process after understanding.
The preparation before mining
It is not for you to prepare to buy a mining machine or call the mining machine. The preparation of the previous bookkeeping node is proved. That is the first explanation of the first step in the previous process.
The first step is to collect the original transaction information of the ledger in the broadcast that has not been recorded in the broadcast. After the collection is completed, it is necessary to verify it by itself, mainly verifying two aspects, 1. Is there enough balance of payment address in each transaction information. 2. Verify whether the transaction has the right signature. These two items are essential. Popularity is that you need to confirm two points that you need to make money by others. Whether there are so much money in your account, whether you or your own behavior.
The verified data can be packed after the two items are verified. Of course, it is not finished after the packaging is completed, because there is the most important step for miners. A transaction of 6.25 Bitcoin to his address.
If you are successful, then your account address will increase 6.25 bitcoin. Here is the one by the way, and the initial block booking reward is 50 Bitcoin Bitcoin rewards at about half of the rewards every 4 years, and the reward of Bitcoin's block after half a period of time has become 6.25.
is worth mentioning that after the first two halves, it is accompanied by the coming of the bull market. Now the third decrease has passed. What kind of changes will there be afterwards?
In the preparation work, it is necessary to formally compete for
because of the number of accounting in about 10 minutes. At this stage No smoke war.
How to fight this battle? In fact, it is a competition for calculating the hash function, miner's computing power, so there is no HASH function where the Bitcoin network is not separated from the Bitcoin network. In order to ensure that only one person can succeed in 10 minutes, the difficulty of this hash function must be appropriate. The difficulty of direct hash is too low, so the result of the Hash produced must be composed of several 0.
It may be said directly at the beginning of 0. There is no difficulty concept. Then briefly analyze how difficult it is to perform such calculations. It's right.
This value is similar to the password we usually set. It is composed of numbers and letters, where the letters are distinguished by the lower case. That is to say, each one has 62 possibilities. The essence of the hash computing is trial and error, which is equivalent to giving you a mobile phone that is not limited to making you unlock you. The hash value of Bitcoin starts with 18 0. In theory, it needs to be 62. This number is displayed on the ordinary calculator in a scientific counting method. As a result Essence
The increase in the number of explosive operations in the index ensures the difficulty of mining. At the same time, because the difficulty brings some controversy, some people will say that it takes so much but does not generate value. Previously, the mining was still put into a backward production capacity in a collection of opinions. It can be said that the dispute over the mining industry has always existed.
The last step verification
In found the hash value, the broadcast package block, the network node will be verified.
The situation is nothing more than two types, one is verification and passed, so it indicates that this block is successfully dug out, and other miners will no longer compete. Choose to accept this block. The miners who came out of this block won the reward of the block and entered the next block competition.
The other is not passing, so the work in the previous work is in vain, and the cost of input cannot be recovered, so the miners consciously abide by the rules of packaging and verification, because the cost of evil is compared with the cost of evil than the cost of evil. High, it also maintains the security of the Bitcoin network.
I believe that you have learned about the entire process of Bitcoin mining after reading the article, but the actual operation of mining is another concept. When is it suitable for entering the venue and what is the start of the mines and what you start. The mining machines have some knowledge in what ways to participate in mining.
The mining must be cautious in investment in the mining. If you understand it, you need to learn more before you understand it.