https://preview.redd.it/giu1ssilga151.jpg?width=900&format=pjpg&auto=webp&s=41510785ccdc0d99544ec74229f62427d1c0ce3esubmitted by 58CoinExchange to u/58CoinExchange [link] [comments]
Museum has played the role of a time recorder. Talking about bitcoin, more than ten years has passed since the creation of it. Although it is uncomparable to the stock market with a hundred years of history, during the ten years, in the different stages of the development of bitcoin and blockchain have continuously poured in geeks, miners, speculators, newbies, leaving keywords such as sudden rich, myth, scam, belief, revolution, etc.
There are also many “old objects” with stories in the “Museum” of the cryptocurrency realm. On Museum Day, let ’s review the stories brought by these “old objects”.
The First Digital Currency White Paper — Bitcoin White Paper
On Oct. 31, 2008, Satoshi Nakamoto released the Bitcoin white paper — A Peer-to-Peer Electronic Cash System in the cryptographic mail group where he belongs, and Bitcoin was born since then.
A white paper is a document that explains the purpose and technology used in cryptocurrency. Usually a cryptocurrency uses the white paper to help people understand what it provides, and it is also an important information channel for investors to understand a project. Therefore, the level of the white paper affects people’s confidence towards the coin.
In a word, in the cryptocurrency and blockchain industry, the value of a white paper is equivalent to that of a standard financing speech. The white paper plays a vital role in this emerging market.
The First Public Bitcoin-Physical Transaction — Pizza
Since Satoshi Nakamoto mined the Bitcoin genesis block on January 3, 2009, Bitcoin has only been spread among the small crowd and has not realized its value.
Not until May 22, 2010, Bitcoin enthusiast “Laszlo Hanyecz” bought a pizza coupon worth $25 with 10,000 bitcoins. This is the first public bitcoin-physical transaction. Bitcoin has its price with 0.3 cents per bitcoin.
This day has also become the famous “Bitcoin Pizza Day” in Bitcoin history. Bitcoin as the imagination of the financial system has more practical significance. The tenth anniversary is coming. How will you commemorate it? Will you buy a pizza?
The First Digital Asset Exchange — Bitcoinmarket.com
After the birth of Bitcoin, in addition to mining, the only way to get Bitcoin in the early days was to conduct transactions on forums or IRC (commonly known as Internet Relay Chat). However, this method involves both long transaction time and great security risk.
In March 2010, the first digital asset exchange — Bitcoinmarket.com launched. However, due to lack of liquidity and transaction depth, it disappeared soon after its establishment, but Bitcoinmarket.com opened the era of the operation of the cryptocurrency realm exchange 1.0.
On June 9, 2011, China’s first Bitcoin exchange — Bitcoin China (BTCChina) launched. Its founder, Yang Linke, translated Bitcoin into Chinese “比特币” for the first time. In 2013, China’s bitcoin trading entered the golden age, and exchanges sprung up. China monopolized more than 90% of the world’s bitcoin transactions. Now, if the top three exchanges Binance, Huobi Global, OKEx are the Exchange 2.0, then the index exchange represented by 58COIN called the 3.0 version, leading the trend.
The First Generation of High-Performance Miner — ASIC Miner
When Satoshi Nakamoto created Bitcoin, the only way to get it is to use computers (including home computers) to mine, mainly relying on the CPU to calculate. However, as the value of digital currencies such as Bitcoin has become higher and higher, mining has become an industry with the competition is getting fiercer, accompanied by increasing difficulty of mining. Therefore, hardware performance competition starts.
In July 2012, the genius Jiang Xinyu (Internet nickname is “Friedcat”) from the junior class of the University of Science and Technology declared at the forum that he could make ASIC miners (chips). As far as mining computing power is concerned, ASICs can be tens of thousands or more higher than the same-generation CPUs and GPUs.
At the beginning of 2013, Zhang Nanqian (Pumpkin Zhang), a suspended doctoral student from the Beijing University of Aeronautics and Astronautics, developed the ASIC miner and named it “Avalon”.
In June 2013, the Friedcat’s miner USB was finally released, and it maintained 20% of the computing power of the entire network.
At the end of 2013, Wu Jihan, used the tens of millions yuan earned from Friedcat through investment, worked together with Jenke group, to develop the Antminer S1. Since then, the miner manufacturer Bitmain began to enter the stage of history.
It is no exaggeration to say that Friedcat and Zhang Nangeng have opened the domestic “mining” era.
The Birthplace of China’s Bitcoin — Garage Coffee
It is not only the “old objects” that record history, but also a place that everyone in the cryptocurrency realm aspires to.
Guo Hongcai once said, “Without no The Garage Café, there will be no cryptocurrency realm today. Since it is a very mysterious place that all waves of people from the café joint together to create today’s digital asset industry.
▲ In March 2013, American student Jake Smith successfully purchased a cup of coffee at The Garage Café with 0.131 bitcoins. This move attracted the attention of CCTV, and it conducted an interview.
Indeed, The Garage Café is the world ’s first entrepreneurial-themed coffee shop. It has been legendary since its establishment in 2011. The Garage Cafét is not only the core coordinate on China’s Bitcoin map, but also the birthplace of the Chinese cryptocurrency circle, where digital asset realm tycoons including Guo Hongcai, Zhao Dong, Li Xiaolai, Li Lin have made their ways.
The development of digital currency is only 11 years old. Through these “old objects”, we review the various stories of this wave of technology together, hoping to help you understand the development process of the digital currency field. Meanwhile, I also remind all practitioners to use history as a mirror and forge ahead.
Bitcoin has these lessons to learn from Tesla, Netflix, and Amazon; India-Based Crypto Exchange Unocoin Completes Large Funding Round; DeFi Blue-Chip Tokens Sink Amid Sea Of Red In Crypto Markets; Kate Winslet to Star in Cryptocurrency Movie About Onecoin Ponzi Scheme; Bitcoin Consolidation Continues But a Breakout is Imminent A USB Bitcoin Miner is a small device used by miners to improve the mining power of their computers. Mining for cryptocurrencies is a power-consuming process, and the computer could also generate too much heat. Using USB Bitcoin miners would help bring down this pressure on the computers as they can be used to set up an external assistance hub for the power generation and speeding up the process. Bitcoin is undergoing a short-term trend reversal after hitting a three-year high above $14,000 with an inclination to test $12,000 in the coming sessions. Yashu Gola 5 hours ago; Indicator Shows Bitcoin is “Overbought” as Average... Bitcoin may be forming a mid-term top around its recent highs, with the multiple rejections posted at $13,800 not bearing too well for its short-term ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. USB Bitcoin Miner. Miner USB Sticks gibt es in unterschiedlichen Varianten. Vom Marktführer Bitmain werden Varianten angeboten, die zwischen 100€ und 500€ kosten können. Die Hashrate liegt bei den teureren Modellen bei etwa 60GH/s, so dass es auch mit einem Bitcoin Miner USB-Stick aufgrund des Stromverbrauchs unwahrscheinlich wird ... JSER USB Watchdog Card Computer System Halted Automatic Reboot for ASIC Bitcoin Miner Mining Antminer BTC $ 10.99 More Info and Reviews NF2 5 Gh s Nano Fury 2 Dual Chip USB Miner Bitfury NFY2 asic-miner The 21 Bitcoin Computer barely fits into the category of USB Bitcoin miner. It’s more so designed to build apps, services, and devices that can be utilized via Bitcoin. Its money to harsh ratio is unimpressive, so you may not find many Bitcoin experts lining up to recommend it. Nevertheless, it will connect to your computer via the USB port, so it’s worth mentioning alongside other Bitcoin ... Fazit zum Mining von Bitcoin. Wenn Sie am Mining von Bitcoin interessiert sind, kann das auf lange Sicht eine sich lohnende Entscheidung sein. Sie haben die Wahl zwischen Mining mit eigener Hardware oder im Pool oder durch Cloud-Mining.Beide haben ihre Vor- und Nachteile gegenüber den Bitcoin Kauf.Grundsätzlich profitieren Sie als Miner von steigenden und stagnierenden Kursen und damit ... Today, we will be looking into how a USB ASIC miner work and if it is still profitable for mining in 2020. The Origin of the USB ASIC Miner. While at first Bitcoin could only be mined with CPU power, in 2013, a new type of mining hardware emerged the ASIC miner (Application Specific Integrated Circuit).. ASICs are special hardware designed only for mining cryptocurrencies that are based on the ... BFGMiner verfügt über zahlreiche Gerätetreiber für Bitcoin, einschließlich Drillbit Thumb und Eight, Twinfury USB-Stick Miner, FPGA-Karten von Ztex. Es gibt auch Gerätetreiber für Scrypt, wie z.B. GAW War Machine und ZeusMiner-Einheiten. Mining Rig selber bauen – einen CPU/GPU Miner zusammenstellen
[index]          
Articles and hashtags referenced (I DO NOT OWN Or CLAIM TO OWN ARTICLES REFERENCED OR VIEWED IN VIDEOS): https://www.amazon.com/GekkoScience-NewPac-Efficient... Are USB Bitcoin Miners profitable right now? This video will show you all of the facts you need to know about usb bitcoin miners and how much money they actu... Bitcoin and Cryptocurrency Mining - What is It & How Does it Work a Non-Technical Explanation - Duration: 8:17. Worth Godwin Computer Basics Videos 50,386 views 8:17 Bitcoin is a storm now. will it be 2M USD 2020!? The price is rising. 10x in 2017 (wow) If you want to buy/sell bit coin BTC ETH, LTC and so all you can use Binance that one of the best exchange ... Buy Bitcoin, Economic Turmoil, Binance US Listing 30 Coins & Massive Bitcoin Mining Farm - Duration: 43:03. The Modern Investor 27,708 views. 43:03 . How Much Ether Do You Need?, China Crypto ... පහසුවෙන් BitCoin සහ වෙනත් Coin ඕනෑම CPU/GPU එකකින් mining කරන හැටි - ًWinMiner Sinhala Guide - Duration: 15:24. Thakshanavediya ... Subscribe to my channel for more videos showing how to create passive income with Cryptocurrency. Start buying Bitcoin now with a FREE account by clicking he... Buy Bitcoin, Economic Turmoil, Binance US Listing 30 Coins & Massive Bitcoin Mining Farm The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... Using two USB sticks I picked up off Amazon (BM1384). I’m running a burn in test to see how things go at default settings. Currently I’m at 150 MHz per stick averaging 32 Gh/s total. I’m ... What do you need to mine one Bitcoin BTC coin in 2020? Let's review Bitcoin mining profitability and what BTC mining rigs you would need to mine an entire co...