Wednesday, 6 July 2016
Thursday, 23 June 2016
What is Bitcoin mining ?
What is Bitcoin mining?
The exploration or mining process that is not only complex calculations and solve the blades by sophisticated computers or devices that have become the process now instead of computers that no longer allows the force unzip blades more and more difficult over time because of the intense competition to decode the block code "BLOCK " , where unzip the code first, gets the equivalent that have been identified by programmers who downloaded construction Hortatory bitcoin currency, when each block blade or a solution of equivalent obtained, which are:
When the Bitcoin in 2009 and in late 2012 was the equivalent of 50 Bitcoin code when each block solution then output at the limit of the end of the same value date of 50 Bitcoin very end of 2012 Bitcoin was $ 10.5 million dissolve blades equal to the number of blocks 210 block a and note that this is equivalent to halving every four years almost, a number of blocks 210 000 and the production of pro four years ( 2012-2016) is 5,250,000 Bitcoin and this time was equivalent to just 25 when the code of each Bitcoin block solution and this algorithm will continue in this vein until the last production Satoshi (the smallest unit of 0,100 bitcoin- bitcoin= 1million of satoshi) by the year 2140 to stop the production of a final bitcoin and thus stop the mining process.
After we received approval for which is a mining and the way it is, let us know how we can we can make this process them, it should be mentioned that there are two types of mining can take advantage of them for the currency Bitcoin collection
When the Bitcoin in 2009 and in late 2012 was the equivalent of 50 Bitcoin code when each block solution then output at the limit of the end of the same value date of 50 Bitcoin very end of 2012 Bitcoin was $ 10.5 million dissolve blades equal to the number of blocks 210 block a and note that this is equivalent to halving every four years almost, a number of blocks 210 000 and the production of pro four years ( 2012-2016) is 5,250,000 Bitcoin and this time was equivalent to just 25 when the code of each Bitcoin block solution and this algorithm will continue in this vein until the last production Satoshi (the smallest unit of 0,100 bitcoin- bitcoin= 1million of satoshi) by the year 2140 to stop the production of a final bitcoin and thus stop the mining process.
After we received approval for which is a mining and the way it is, let us know how we can we can make this process them, it should be mentioned that there are two types of mining can take advantage of them for the currency Bitcoin collection
First of all - mining by installing the program:
The process of obtaining Bitcoin currency through the mining program, which is highlighted on your computer and during the race are in contact with the Bitcoin network, and therefore your computer comes perform complex calculations and decoding blades "block" block all verification processes send and receive Bitcoin wallets of all Bitcoin users worldwide and this process is the Bmtabh drilling and exploration of the play is called Bitcoin mining and therefore get your abilities and force, and when they are the best features of your computer every time I gained more.
Mining configured via the setup program on your computer is a complex program somewhat and consume computing resources and increasingly complex with the passage of time and therefore less profitable, and let me tell you that it is currently impossible, and whatever the power of your device to get the equivalent of your own, became Miners they collectively on the same block extraction to solve the blade, and the like are sharing all at the expense of the power of his machine, the only mining (solo) or even collectively "pool" Poole form can say it is not profitable final with the increasing difficulty of decryption, for this group of sites bloom a little play in this process instead of you, or rather, instead of your computer so that you tracts be evaluated in the second Hash / s
And hash is a drilling unit or operating plants and for your participation in these sites by purchasing a contract (contracts) provided by the site, and that's what we call cloud mining exploitation.
Mining configured via the setup program on your computer is a complex program somewhat and consume computing resources and increasingly complex with the passage of time and therefore less profitable, and let me tell you that it is currently impossible, and whatever the power of your device to get the equivalent of your own, became Miners they collectively on the same block extraction to solve the blade, and the like are sharing all at the expense of the power of his machine, the only mining (solo) or even collectively "pool" Poole form can say it is not profitable final with the increasing difficulty of decryption, for this group of sites bloom a little play in this process instead of you, or rather, instead of your computer so that you tracts be evaluated in the second Hash / s
And hash is a drilling unit or operating plants and for your participation in these sites by purchasing a contract (contracts) provided by the site, and that's what we call cloud mining exploitation.
Second - mining Cloud:
One of the drawbacks of Bitcoin mining software of the device to harness the energies and computing resources and therefore Alto tar efficiency while working on it and in the future, because these companies invest in the purchase of part of the equipment seems to sophisticated mining Bitcoin currency these companies offer subscribers the ability of mining means a cloudy work with your map on the screen of your computer or via the processor, Leasing spaces called "GHS", and and mining and whenever participated larger sizes each time gain is greater.
Wednesday, 22 June 2016
Bitcoin
What are the "Bitcoin"?
Simplistic, the "Bitcoin" is an electronic money can be compared to other currencies such as the dollar or the euro, but with several important differences, including that this currency is an entirely electronic money circulated on the Internet only without the presence a physicist them. also differ from traditional currencies there is no central regulatory body behind her, but can be used like any other currency to buy online or even converted to traditional currencies.
The organizers of the "Bitcoin" said the purpose of this piece which was set up to trading for the first time in 2009 is changing the global economy in the same way that changed their publishing methods Web, these are the foundations of this piece and how do they work?
Decentralized currency
Unlearn "Bitcoin" for the first time as paging negotiation who called himself the code name "Satoshi Nakamoto" and described as a monetary system letter depends on financial transactions on the principle of peer-to-peer, which is a technical term that means directly between the user and the latest agreement without any intermediary.
Described as "Bitcoin" as digital currency of anonymity, which means they do not have a sequential recording or other means of any kind will keep track of what has been spent for the seller or the buyer, making them a popular idea among the defenders of privacy, or sellers of illegal goods (such as drugs) online as well.
The "Bitcoin" on financial transactions between the two people directly without an intermediate body governing these transactions, where you go money from one user account to another in real time and without charge converter and bypassing banks or intermediaries of any kind.
Currency generated by users themselves
Unlike traditional currencies that are generally supported by some assets such as gold or other currencies, the "Bitcoin" supports and produced by users themselves, users for any user who wants to deal with the "Bitcoin" and with a computer and an Internet connection. This is done through a process called "prospecting", which is a special application that the user to install it on a computer so that the production of coins of the application process "Bitcoin" new and slowly. The user can through the process to get the default cut "Bitcoin" money in exchange for the use of the computing capacity of the application provided by the user's computer processor in the generation of new amounts of currency.
When generating a new series of coins each user, the distribution of these amounts on certain algorithm so it can not reach the total value of currencies "Bitcoin" on the market for over 21 million Bitcoin users get the owners of the Supreme Court of processing a force proportional largest share with a range of currencies on production systems.Spending "Bitcoin" or converted into real currencyAlthough there are a relatively limited group of sites that accept to receive payments "Bitcoin" Meet their products, compared to sites dealing with traditional currencies, but that "Bitcoin" supported by a growing group of sites, including large enterprises and various places, such as the sale of hosting and domain names book sites, social networks and video sites, music and various sites that sell different types of products.In addition to the purchase of products, the user can switch cut cash "Bitcoin" in other currencies has a true, this switch takes place between the users themselves, who want to sell too expensive "Bitcoin" and purchase of foreign currency against which the real, or vice versa. Accordingly, it has "Bitcoin" its own exchange rate, and that price is heading to the escalation of the day, where up to $ 120 after being equivalent to only a few dollars there two years ago.
Technically
Technically, all the pieces "Bitcoin" cash is a code generated in accordance with the famous and powerful SHA-256 encryption algorithm hexadecimal format. The pieces are stored user "Bitcoin" is in a special file called portfolio also retains the title of the file with all the user has to send payments to or receive. There is a user called "Bitcoin" can be compared to the e-mail address, but it is not, it is a code to distinguish each user, but can not see his true identity. The "Bitcoin" on open source technologies and therefore totally nothing is hidden or unknown in how they work.
Is Quinn decide legal?
To our knowledge, decide Quinn is not criminalized by legislators in most countries. However, some countries (such as Argentina and Russia) are to restrict or prohibit the foreign currency. Other countries (such as Thailand) can restrict certain licenses Kmpadlat decide Quinn.
Legislators in different countries to take measures to provide individuals and business rules on how to integrate this new technology with the rules of customary formal financial system. For example, the Financial Crimes Enforcement Network (FinCEN), an official US Department of the Ministry of Finance issued a non-binding general guidance on how to do the characterization and discrimination of certain activities include ghost currency.
Each piece Quinn bit can be divided up to 8 boxes (0.000 000 01 BTC) is also likely to be divided into smaller units if required in the future. As the average size of transactions decreases, transactions can be made in the form of units derived deciding Quinn, Kalmlli bit Queen "millibitcoins" or (1 MBTC or equal to 0.001 BTC.)
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