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Common sense of blockchain what is blockchain mining machine and how valuable is it

Time : 29/08/2021 Author : 7d8abq Click : + -
        Mining machine originally refers to a professional storage server, which consists of motherboard, chassis, fan, power supply, processor (CPU), memory (RAM), graphics card (GPU), hard disk and other components. Mining machines are computers used to earn digital money. These computers generally have professional mining wafers, which work by burning graphics cards, and consume a lot of power. One of the ways to obtain bitcoin is to download software on a personal computer and then run a specific algorithm to get the corresponding bitcoin after communicating with a remote server. It is a network cryptocurrency produced by open source P2P software. It does not rely on the issuance of specific monetary institutions, and is generated by a large number of calculations of specific algorithms. It economically uses the decentralized database composed of many nodes in the entire P2P network to confirm and record all transactions.
        The decentralized nature of P2P and the algorithm itself can ensure that the currency value cannot be artificially manipulated through mass manufacturing. The company bought a coal mine and is now preparing to mine. At present, there is only one mining machine working, and only one ton of coal can be dug out every day. In order to improve the efficiency of coal mining, the company decided to purchase 10 mining machines to mine at the same time, so that 10 tons of coal can be dug out every day. The more mining machines, the greater the output.
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