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What does “算力牛” mean? (What is computational power?)

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What does \”算力牛\” mean? Bitcoin computational power is an indicator used to measur

What does 算力牛 mean? (What is computational power?)

What does “算力牛” mean? Bitcoin computational power is an indicator used to measure a miner’s mining difficulty. It is determined by calculating the power consumption required for each Bitcoin block. By comparing the total energy consumption of the entire network with the daily energy output and the new electrical energy generated per minute, we can draw the conclusion that in the current market, a large amount of capital has entered this business, so we also need to consider future returns. So how can we determine the hash rate of a Bitcoin network?

According to the official introduction:

As more and more institutions start investing in Bitcoin and other cryptocurrencies, it is a very important factor for the market. For some investors who do not understand the technology, Bitcoin prices fluctuate dramatically, and those friends who have been in contact with Bitcoin find that they are losing their principal. Therefore, many investors now believe that a bull market is coming. In fact, this understanding is because there are many people in the market who hope to profit from the price of Bitcoin, but there are not many other investment channels or projects willing to invest resources in buying Bitcoin. Therefore, we should look at the actual costs of these participants and whether they have sufficient returns to mine Bitcoin and gain greater profit potential. In addition, there is a theoretical proof that the total transaction cost of Bitcoin in a bull market is very high. “How much does it cost to have a server?” “In general, your hardware configuration is very low. In order to ensure that your equipment can operate and maintain normally, you must have strong computing power.”

What is computational power?

What we are going to talk about today is that computational power is an important component of the blockchain. The difficulty of Bitcoin mining began to decrease in January 2016, currently hovering between 3000-3800, and increased by an average of about 30% per year from the end of 2015 to the beginning of 2019. Now, there are approximately 3 million blocks generated every day in this process. Calculated at this rate, about 2 billion transactions can be generated every 10 minutes.

If the ICO frenzy in 2017 was due to the skyrocketing of Bitcoin, which made many people full of fantasies, doubts, and misunderstandings about cryptocurrencies. However, as the market develops gradually, Bitcoin has also experienced explosive growth since 2019. At the end of 2020, after a sharp drop in the price, the BTC price once touched the $20,000 mark, and then fell back to around $41,000. But all of this is just because the price of Bitcoin has reached its historical high (the total value at the time has exceeded $300 billion), plus governments around the world are actively encouraging the legalization of crypto assets. So, what exactly is “computational power”? And why is it so important? Let’s take a look together below: What is computational power? The definition of computational power is actually very simple. It refers to a method of storing data in a distributed computer network. When a user sends a certain data to another person, it will be processed based on the input data and receive rewards. For example, by finding the corresponding information through a Google search and then clicking on the corresponding link, you can get corresponding benefits or rewards. For example, if a person needs to buy a server or a laptop to run software, it would be called computational power. So, if you are using Apple’s cloud system devices, you need to download a set of programs to perform operations. If you are using a mobile application produced by Intel, you will receive a piece of code containing a hash value. Due to this complexity, even if you have these codes, it does not necessarily guarantee the reliability and security of your hardware. This is what computational power refers to. We know that many times we don’t need to spend too much effort studying AI technology itself. But in today’s AI industry, “machines” are not operational all the time, but rely on professional algorithms to provide automatic services and automation of market makers’ services. “Machines” (i.e., CPU-based computers) are just ordinary computers, and other types of applications mainly rely on specialized integrated circuit chips like GPUs.

What is computational power? Here, computational power refers to the fact that any unit of electronic products has a fixed name and identification, that is, its core, which includes adding specific parameters to the database to make it more secure, reliable and easier to understand. In addition, there are some special indicators such as Proof of Work (PoW), Timelocks, random numbers, readable formats, and so on. For those who think they have sufficient power,

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