1 thought on “How to use iPhone to query Bitcoin mining progress”
Alexandra
Simply put, it is released every ten minutes. The new Bitcoin generates after each network node solves a certain mathematical calculation (for example, creating a new block). This generation process is considered to be difficult to reproduce. The return after solving the problem is automatically adjusted. Therefore, in the first four years of the Bitcoin network, Bitcoin, which will produce a total of 10,500,000 bitcoin. This number is automatically reduced every 4 years, which means that 5,250,000 bitcoins will be generated in the 4th to 8th year, and only 2,625,000 bitcoins are only 2,625,000 bitcoins in the 8th to 12th year. In the end, the total number of Bitcoin generated was 21,000,000 Bitcoin. It, there is a system that is established with the network. On average every 10 minutes, the system tries to collect the new Bitcoin in the block generated on the network. The difficulty coefficient of creating a new Bitcoin changes with the number of people participating in the attempt to generate new Bitcoin. The possibility of "discovering" a block is the ratio of the computing resources he used to all computing resources on the Bitcoin network.
Simply put, it is released every ten minutes. The new Bitcoin generates after each network node solves a certain mathematical calculation (for example, creating a new block). This generation process is considered to be difficult to reproduce. The return after solving the problem is automatically adjusted. Therefore, in the first four years of the Bitcoin network, Bitcoin, which will produce a total of 10,500,000 bitcoin. This number is automatically reduced every 4 years, which means that 5,250,000 bitcoins will be generated in the 4th to 8th year, and only 2,625,000 bitcoins are only 2,625,000 bitcoins in the 8th to 12th year. In the end, the total number of Bitcoin generated was 21,000,000 Bitcoin.
It, there is a system that is established with the network. On average every 10 minutes, the system tries to collect the new Bitcoin in the block generated on the network. The difficulty coefficient of creating a new Bitcoin changes with the number of people participating in the attempt to generate new Bitcoin. The possibility of "discovering" a block is the ratio of the computing resources he used to all computing resources on the Bitcoin network.