wholesale gold filled jewelry manufacturers los angeles The difference between Bitcoin, Ethereum and IPFS mining?

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  1. Elisa

    wholesale district nyc jewelry How the digital currency is generated, we all know that it is produced through mining. So how is mining? What is the difference between different digital currency mining? This article has a simple contrast with the recently hot IPFS and BTC/ETH mining.

    1, the principle of mining is different:
    pow, the full name is Proof ofwork, that is, the workload certificate. Bitcoin/Ethereum, and most branches have chain or virtual currency, are based on POW algorithms to achieve their consensus mechanism. That is, according to the effective work of mining contributions, to determine the distribution of currency. The so -called mining under this principle is the process of constantly finding the NONCE value and calculating the hash value through the poor way. Whoever finds it first, who will be successful. POW workload proves that it is a method from economics. It is a strategy proposed by two economists in 1993 to prevent a effective blocking economic strategy that prevent service abuse or resource abuse. POW, the advantage is reliable and widely used. It is a public chain consensus algorithm that has undergone full practical inspection. However, its disadvantages are also obvious:
    ① It consumes too much extra computing power, that is, a large amount of energy, which is not environmentally friendly.
    ② Capital invested in a large number of mining machines, leading to centralization of computing strength, and 51%of the safety hazards of attacks.

    2, the essence of the miner is different:
    BTC/Eth The essence of the mining machine is the data computing device. Mining has developed from the initial personal computer mining, graphics card mining, and personal mining machines. It has developed to a large -scale mining of clustering and specialized. Regardless of the initial CPU mining, GPU mining, or later FPGA mining, ASIC mining, and large -scale cluster mining, the essence is the concentrated improvement of the data computing power of mining equipment, IPFS mining machines The essence is data storage device.

    3, different selection of mines: BTC/ETH mine: Because it is necessary to consume a lot of electricity resources, it is the first choice to provide low -price electrical energy. Our domestic mines are deployed in relatively remote places such as Inner Mongolia and all provinces in the southwest, because there are rich thermal power, wind power or hydropower resources here. The internal requirements of the mine are also relatively simple. As long as the ventilation and heat dissipation effect is good, the shelf of the mine machine does not require too professional equipment, and there is no special requirement for the mining floor ceiling. The mine is not high in decentralization, so this type of mine is relatively concentrated.

    This reminder: The above content is for reference only, no investment advice.

    The Answee time: 2021-10-28, please refer to the official website of Ping An Bank.

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