The essence of "mining" is to constantly solve a series of complex passwords by using computers to ensure the consistency of the distributed accounting system of Bitcoin network. Bitcoin network can automatically adjust the difficulty of math problems, so that the whole network can get a qualified answer every 10 minute. Then, the bitcoin network will generate a certain amount of bitcoin as a bonus to reward those who get a reply. Computing power can be understood as the ability of a computer to mine bitcoin. The more computing power you have, the more bitcoins you generate. In the process of mining to obtain bitcoin, how many calculations a node can complete per second represents its computing unit, THS. In the whole network, the higher your computing power, the more bitcoin it can generate. However, it should be noted that this computing power is not constant. The higher the price of bitcoin, the more difficult this computing power is and the higher the mining cost is.
The earliest excavation can be done with a home computer. However, when the price of Bitcoin exceeds $60,000, it needs to be mined in a large mine with thousands of mining equipment. Therefore, the rising price of bitcoin will inevitably increase the price of graphics cards or mining equipment, which will have a certain impact on the integrated circuit industry. Some time ago, the price of graphics cards at home and abroad rose, and many people did not change their graphics cards in time because of the rising price of Bitcoin. Therefore, many people have a negative attitude towards Bitcoin.
Of course, this effect is only small. The birth of Bitcoin has also triggered the emergence of many other forms of new industries, which have more advantages than disadvantages for the development of market economy. We should have a correct understanding of Bitcoin. As for investment trading, the most direct way is to go to a formal trading platform, such as Ou Yi OKEx.
Ou Yi OKEx is the world's leading digital asset exchange, which uses blockchain technology to provide advanced financial services to traders all over the world. The website offers hundreds of combinations of tokens and futures to help traders optimize their trading strategies. In particular, the unified account model of Ou Yi OKEx, which was fully opened this year, is a special care for novice users. It not only improves the trading experience of users, but also further promotes the imitation and pursuit of the whole industry and improves the trading environment of the whole market. Perhaps, Ou Yi OKEx is making history: through its own efforts, it will promote technological innovation in the industry and become a pioneer and leader in redefining the trading wave.