Bitcoin - You can make money by mining with just a computer

Bitcoin is an anonymous digital currency based on a peer-to-peer network. It is generated by computers using distributed calculations based on public algorithms. The remittance channel is not controlled by the central government. The currency transfer is collectively managed by network nodes, and the parties to the transaction can hide their true identities. In simple terms, Bitcoin is an electronic currency - except that this new electronic currency is not controlled by any government or bank. It is similar to Tencent's Q coins. You can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. The biggest difference between Bitcoin and other virtual currencies is that Bitcoin can be traded for real currency in the currency trading market, and Bitcoin can be exchanged for real currencies such as US dollars and RMB; real currency can also be exchanged for Bitcoin.

So how do you get Bitcoin? First, your computer should have the latest version of the Bitcoin client installed. After opening the client, it will automatically download all transaction information on the network to the local computer. Depending on the network speed, this process may take several hours. At this time, your account balance is 0. You can ask your friends to send you some coins, but there are two more feasible ways: one is to trade and buy, and the other is to work as a miner to mine.

Bitcoin trading is similar to buying and selling stocks. You can buy low and sell high to earn the difference. You can also trade in Bitcoin on exchanges. For example, China's first Bitcoin trading platform (https://btcchina.com/). You can also exchange Bitcoin on websites that provide Bitcoin exchange services. Friends who run online stores can also support Bitcoin payments.

More people are willing to be their own miners and let their computers generate bitcoins! This sounds quite tempting - you can make money with just a computer! The bitcoins you mine as a miner can be exchanged for real RMB on the Bitcoin China trading platform! The current exchange rate for Bitcoin is 1 Bitcoin = 88.65 yuan! Cool, isn't it?

I believe that after reading this, you are as excited as the editor and are ready to become a miner. To be a miner, we must first prepare the mining "tools" - install the Bitcoin mining software on our computer. As long as you turn it on, it will run in the background without affecting other programs and "manufacture" Bitcoin. Bitcoin will grow with the running time. There is no need for a rumbling coin-making machine to produce Bitcoin, as long as some computer resources such as time and electricity are consumed. It should be noted that mining has certain requirements for computer configuration, especially graphics cards. Bitcoin mining requires one or more better graphics cards. Now that graphics card technology is developing day by day, the computing speed of ordinary CPUs can no longer meet the needs. For graphics cards, AMD is recommended. Due to the architecture of AMD graphics cards, it is faster than nVidia in Bitcoin mining. The editor also reminds everyone that as the number of participants increases, graphics cards become more and more expensive, and mining becomes more and more difficult. Computer algorithms guarantee the scarcity of Bitcoin. In the next 100 years, the total number of Bitcoins in the entire system will not exceed 21 million. So the earlier you mine, the higher the profit!