Bitcoin computing power
Bitcoin and pie prices experienced another waterfall plunge last night, and before that, I don’t know if you are concerned about the bitcoin computing power. During this time, the news that the bitcoin computing power continues to rise is often seen in various media, including many recent computing products. Many investors are not calculating the computing power to buy computing power, in order to achieve the "fixed investment" bitcoin. The effect, I hope this article can help you understand the bitcoin computing power and understand more before making investment decisions._DJMINER
Computational power, also known as hash rate, is a measure of the processing power of the Bitcoin network. Since the mining principle of Bitcoin is calculated by the corresponding "solution", for any sixty-four-bit hash value, to find its "solution", there is no fixed algorithm, and it can only rely on computer random hash collision. How many times a mining machine can make a hash collision every second is the representative of its "computing power". The unit is written as hash/s, which is the workload proof mechanism POW.
Bitcoin networks must perform intensive mathematical and encryption-related operations for security purposes. Different computers (CPUs) have different computing power. Early mining is achieved through ordinary home computers, and specialized mining machines have been developed. Its computing power greatly exceeds that of ordinary computers, and the machines that are now mining bitcoin are basically professional mining machines. The power is the speed at which the hash function output is calculated. Because the mine exits, updates, or powers off at any time to exit/join mining, it is averaged._DJMINER
Bitcoin has continued to rise since November last year, with a maximum of more than 100EH/s. What does this EH/s mean? In the above explanation, the bitcoin computing power is measured by the Hash (hash) calculation collision "solution", then H represents the meaning of Hash, H / s represents a hash calculation per second, E is another unit, as follows :
1E=1000P
1P=1000T
1T=1000G
1G=1000M
1M=1000K
1K=1000
Therefore, the 100E conversion is 1 trillion, and the current calculation power of the whole network for mining is 1 trillion calculations._DJMINER
We know that bitcoin is halved every 210,000 blocks. Bitcoin's block time is about 10 minutes, and there are 6 blocks in one hour, so 210,000 blocks are about four years, but the actual process time is not a regular 10 minutes, nor an accurate 4 years.
As the computing power continues to increase, the block time will be shortened, but Bitcoin can automatically adjust the mining difficulty to ensure that the block time is maintained at about 10 minutes. However, this adjustment mechanism has a certain hysteresis and needs to be adjusted once every 14 days. The drainage difficulty will be automatically adjusted according to the past calculations in the past 14 days. Therefore, if the calculation power continues to increase in theory, each adjustment will have hysteresis, and the halving date will come early._DJMINER
That is to say, if the computing power continues to grow continuously, then in the same mining difficulty time, there must be many blocks that are dug in less than 10 minutes. As can be seen from the time-consuming data of the block diagram below, the average block time is not exactly ten minutes. The figure below is the average of the actual block time.
There are countless kinds of computing products recently launched, so what are the characteristics of the computing products? The computing power product does not need to manage the mining machine by itself, but the merchant directly sells the computing power to you, and the proceeds will be returned to the user in the form of bitcoin or USDT or legal currency._DJMINER
Intercepting a computing product of a website generally includes several important pieces of information:
Mining machine model: different mining machines have different calculation power and power consumption, so the price of mining machines is different, which leads to different unit prices of different mining machines;
Calculation cycle: different from mining machine, the calculation power has a fixed time period, which can be understood as the right to use the mining machine;
Calculated power: The amount of power purchased, TH/s combined with the above units can be understood._DJMINER
Electricity fee: The electricity fee is linked to the market price. Generally, there are thermal power and hydropower. Among them, water and electricity are relatively cheap but affected by the flood season/dry season.
The characteristic of the power product is that the user can participate in the mining process conveniently, but there are many pits in the middle. First of all, after a change of hands, there will be a premium, which means that if you buy a mining machine directly, the average cost of using the power is lower. On the other hand, most of the purchasing power will be on the current BTC price, and the return is the theoretical income. However, mining is a future product, and it cannot guarantee the stability of bitcoin price, and the instability of calculation cannot guarantee the stability of the quantity of BTC produced._DJMINER
A while BTC prices skyrocketed a while ago, many people started to buy computing power, but after the BTC price fell recently, it will be found to be a negative-yielding product, and it is still a futures, it must be fully expired to receive all bitcoins. For the current market, the direct purchase power theory theory is not high (mainly the calculation power premium is too serious), and there are capital occupation costs and unstable factors (running, computing power, various reasons to reduce output), and It is not very recommended that you "set" Bitcoin in this way._DJMINER
Computational power, also known as hash rate, is a measure of the processing power of the Bitcoin network. Since the mining principle of Bitcoin is calculated by the corresponding "solution", for any sixty-four-bit hash value, to find its "solution", there is no fixed algorithm, and it can only rely on computer random hash collision. How many times a mining machine can make a hash collision every second is the representative of its "computing power". The unit is written as hash/s, which is the workload proof mechanism POW.
Bitcoin networks must perform intensive mathematical and encryption-related operations for security purposes. Different computers (CPUs) have different computing power. Early mining is achieved through ordinary home computers, and specialized mining machines have been developed. Its computing power greatly exceeds that of ordinary computers, and the machines that are now mining bitcoin are basically professional mining machines. The power is the speed at which the hash function output is calculated. Because the mine exits, updates, or powers off at any time to exit/join mining, it is averaged._DJMINER
Bitcoin has continued to rise since November last year, with a maximum of more than 100EH/s. What does this EH/s mean? In the above explanation, the bitcoin computing power is measured by the Hash (hash) calculation collision "solution", then H represents the meaning of Hash, H / s represents a hash calculation per second, E is another unit, as follows :
1E=1000P
1P=1000T
1T=1000G
1G=1000M
1M=1000K
1K=1000
Therefore, the 100E conversion is 1 trillion, and the current calculation power of the whole network for mining is 1 trillion calculations._DJMINER
We know that bitcoin is halved every 210,000 blocks. Bitcoin's block time is about 10 minutes, and there are 6 blocks in one hour, so 210,000 blocks are about four years, but the actual process time is not a regular 10 minutes, nor an accurate 4 years.
As the computing power continues to increase, the block time will be shortened, but Bitcoin can automatically adjust the mining difficulty to ensure that the block time is maintained at about 10 minutes. However, this adjustment mechanism has a certain hysteresis and needs to be adjusted once every 14 days. The drainage difficulty will be automatically adjusted according to the past calculations in the past 14 days. Therefore, if the calculation power continues to increase in theory, each adjustment will have hysteresis, and the halving date will come early._DJMINER
That is to say, if the computing power continues to grow continuously, then in the same mining difficulty time, there must be many blocks that are dug in less than 10 minutes. As can be seen from the time-consuming data of the block diagram below, the average block time is not exactly ten minutes. The figure below is the average of the actual block time.
There are countless kinds of computing products recently launched, so what are the characteristics of the computing products? The computing power product does not need to manage the mining machine by itself, but the merchant directly sells the computing power to you, and the proceeds will be returned to the user in the form of bitcoin or USDT or legal currency._DJMINER
Intercepting a computing product of a website generally includes several important pieces of information:
Mining machine model: different mining machines have different calculation power and power consumption, so the price of mining machines is different, which leads to different unit prices of different mining machines;
Calculation cycle: different from mining machine, the calculation power has a fixed time period, which can be understood as the right to use the mining machine;
Calculated power: The amount of power purchased, TH/s combined with the above units can be understood._DJMINER
Electricity fee: The electricity fee is linked to the market price. Generally, there are thermal power and hydropower. Among them, water and electricity are relatively cheap but affected by the flood season/dry season.
The characteristic of the power product is that the user can participate in the mining process conveniently, but there are many pits in the middle. First of all, after a change of hands, there will be a premium, which means that if you buy a mining machine directly, the average cost of using the power is lower. On the other hand, most of the purchasing power will be on the current BTC price, and the return is the theoretical income. However, mining is a future product, and it cannot guarantee the stability of bitcoin price, and the instability of calculation cannot guarantee the stability of the quantity of BTC produced._DJMINER
A while BTC prices skyrocketed a while ago, many people started to buy computing power, but after the BTC price fell recently, it will be found to be a negative-yielding product, and it is still a futures, it must be fully expired to receive all bitcoins. For the current market, the direct purchase power theory theory is not high (mainly the calculation power premium is too serious), and there are capital occupation costs and unstable factors (running, computing power, various reasons to reduce output), and It is not very recommended that you "set" Bitcoin in this way._DJMINER
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