wholesale gray jewelry displays Why does virtual currency mining cost electricity?

vintage jewelry wholesale lots Because of the large electricity consumption of the mining machine graphics card. Bitcoin mining machine is a computer used to earn Bitcoin. Such computers generally have professional mining chips, and most of them work in installing a large number of graphics cards, which consumes a lot of power.
The rated power of each graphics card is about 250W, slightly overclocking is about 300W, and 4 graphics cards are 1200W. The motherboard, CPU, hard disk, etc. do not exceed 200W display, and the mining machine is basically not displayed. The total power is around 1400W.
Bitcoin mining machines are used to earn Bitcoin computers. Such computers generally have professional mining chips, and most of them work in installing a large number of graphics cards, which consumes a lot of power. The computer downloads mining software and then runs a specific algorithm. After communicating with the distant server, you can get the corresponding Bitcoin. It is one of the ways to get Bitcoin.
If mining process:
Miners will receive two types of rewards during the mining process: creating new blocks of new blocks, and transaction fees contained in the block. In order to get these rewards, the miners scrambled to complete a mathematical problem based on the encrypted hash algorithm, that is, using the Bitcoin mining machine to calculate the hash algorithm;
The calculation result is called "proof of workload" as a proof of the calculation workload of miners. The competitive mechanism of this algorithm and the right to record the transaction records on the blockchain, which guarantees the security of Bitcoin.
Miners will also obtain transaction fees. Each transaction may include a transaction fee, and the transaction fee is the difference between the input and output of each transaction record.
[Expanded information]
Stmit currency refers to non -real currency. Well -known virtual currencies such as Baidu's Baidu of Baidu, Q coins from Tencent, QPO, Shanda's dot coupons, micro coins launched by Sina (for micro -game, Sina reading, etc.), chivalry ingot (for chivalry game ), Tattoo Silver (for Bixue Love Game), the digital currency popular in 2013 is: Bitcoin, Litecoin, Unlimited Coins, Quick Coins, Zeza Coins, Barbecue Coins, Scho -Schoing (Foreign Net), Invisible Gold Bar, Finem, Prison, quality coins. There are hundreds of digital currencies issued in the world. The legend of "Bitkin, Litter, Infinite Copper, and Shimo Aluminum" is popular in the circle.
If according to the notice and announcement issued by the People's Bank of China and other departments, virtual currency is not issued by the currency authorities, does not have legal and mandatory currency attributes, and is not a real currency. In terms of status, it should not be used as a currency in the market. Citizen investment and transaction virtual currency are not protected by law.
On the evening of May 18, 2021, the China Internet Finance Association, the China Banking Association, and the China Payment and Clearing Association jointly issued the "Announcement on Preventing the Risk of Species of Virtual Currency Transactions". The announcement clearly stated that relevant institutions shall not conduct business related to virtual currency, and at the same time remind consumers to raise awareness of risk prevention and beware of loss of property and rights.