best 5 free bitcoin mining sites:
Today I will talk about a few bitcoin mining and these sites that are currently gaining huge popularity online are offering regular payments. In the case where many people are earning bitcoin for free, it is possible to take the money home with only a few referrals. To make money from it and earn it completely by sleeping in the house and earning it. It is possible to earn a good amount of money by investing here, but it is better to start working by talking to their site admin before investing. There are a lot of payment proofs on YouTube about these sites. Please make sure everyone checks out the sites on YouTube to see if the payment is true and if the right profit is available. The sites have gained huge popularity in 2020 in terms of payment. However, one of my requests is to not deposit more money on this site, because at any time, this site can be a scam.
best free bitcoin mining sites without investment
How Bitcoin is made, what is bitcoin mining
In the first episode of the cryptocurrency ‘Bitcoin’ series, we are introduced to ‘Bitcoin’. This is how the second episode, ‘Bitcoin’ currency is made? How is this completely different kind of currency made without any institutional or governmental cooperation worth crores of rupees? Who or what is making these coins? How are you doing? Where are you doing? Etc. will be discussed.
How is Bitcoin made?
Just as paper is the only way to make conventional currency, ‘Bitcoin’ is created virtually only through ‘mining’. However, a bitcoin user can earn this cryptocurrency in different ways. But mining is the only way to make bitcoin.
What is ‘mining’?
The first thing that comes to mind about ‘Bitcoin Mining’ is that ‘Mining’ is a very competitive business and a relatively small number of Bitcoin users are involved in it. For a normal user, ‘mining’ is possible only when the matter is being done only for the sake of will, where the matter of profit is very minor. Or it can be made by hand efficiently for profit purposes.
Why is this work called ‘mining’? Bitcoin mining is basically as difficult a task as extracting gold from a gold mine, hence the name. The bitcoin that is ‘mined’ is called ‘bitminer’. Minor ‘bitcoin mining’ using computer programs running on specialized hardware.
Before knowing the subject of ‘ bitcoin mining’, it is necessary to know the mathematical function ‘hash function’. A hash function is one that will give a seemingly simple (random) output to an input, but extracting input from the output is difficult, in many cases even impossible. And the same output will come every time as opposed to the same input. For example, if the function is applied to p, hash (p) = q. Here the meaning of q is known and p is unknown, in most cases it is impossible to know the meaning of p. If the value of p does not change, the hash (p) will always be q. However, in the case of good ‘hash functions’, p and q carry different values, i.e. are unique.
Bitcoin mining hash function SHA-256 is used. SHA (Secure Hash Algorithm) This hash function, designed by the United States National Security Agency (NSA), was first published in 2001. It is completely impossible to break this system which is very important for security.
Theoretically, hashing and encrypting a message will result in n-amount bits (bit means 0 or 1 in a computer programming language). According to the Brute Force method, the detected ঐ encrypted message will have 2 ^ n-steps in the corresponding message. Again, two messages can also be found in the Birthday Attack method, which also results in n-amount bits, but will require 2 ^ (n / 2) steps. The bigger the n here, the harder the subject. In SHA-256 this calculation is done with 32 or 64-bit word.
There is no suitable algorithm for solving many problems in computer science. The process of working on other possible issues to solve such problems until the expected solution is found is called Brute Force Method. A lot of the body’s solution or emphasis is the same as the mollusk.
Bitcoin mining is said to be the creation of bitcoins by solving difficult mathematical problems through computer programming. Basically, using this SHA-256 function, a blockchain is created across blocks one by one. The feature of these is that it is impossible to reverse the previous block by looking at one block, and it is possible to fully verify this blockchain. Because no more than one output will be created from one input.
Let’s examine with an example. http://www.xorbin.com/tools/sha256-hash-calculator – Go to this link and type in textbox – Write without quotation “pay me, joe, 25 bitcoins. 000001 ”. Then click on Calculate SHA256 hash text. Too long will show a hexadecimal number starting with 4699f0e443b7 ………….
Anyone can do this. But in the case of mining, that work is acceptable, which is rarely found. And, who or what did that work, or what evidence? That said, the work will only start when this number starts with 0. 000001 started changing the number 1, 2, 3, 4 …. thus changing the number. When you write 13, the result is that the generated string starts with 0 – 0ac980 ……. This time around, scarcity (a relatively small number of attempts are successful) and ‘proof-of-work’, that is, the means by which this work has been done, are proof of that.
A bitminer must not use something like “pay me joe …”! Instead, the computer’s programming code, including receiving addresses on the network, etc. will use various information. But no person’s name is used. Other information includes transaction information, timestamps, and most importantly a blockchain. bitcoin mining for easy.best supper bitcoin mining site.
Lastly, it is impossible to find out what information is inside the string that is to come – that is to say, the computer did some work on its own to create this number. This may seem easy. But in reality it is not so easy. Because, by 2013, a bitcoin hash output would have required 14 zeros (0) at the beginning. Otherwise Bitcoin would not accept the network output.
As soon as the number is created with 14 zeros, the input of that number reaches the rest of the computer in the peer-to-peer network. And other users verify the output and relay each other. In this way the relay is used in the whole network. The output maker was rewarded with 25 bitcoin coins. And no one can change ‘joe’ to ‘bob’. If you do, the entire hash output will change.
And is it so difficult to keep 14 zeros (0) in the beginning? Right now, all the BitMinors around the world can try to produce one output every ten minutes by trying 30 trillion times per second, which is rewarded with 25 bitcoins.
And why is mining so difficult? Because the difficulty level is with all the bitcoin users in the entire network. Each miner calculates or estimates for himself how much ‘difficulty of solution’ he will take and relay across the network.
Each minor checks the most recent solutions taken across the network with a specific timestamp along with the current timestamp to reach the same conclusion. In this case, the timestamp will be to get 2016 solutions every two weeks, i.e. there is an average break of 10 minutes between one solution and the other.
In this case, falling below 10 time intervals means that the difficulty level has become relatively easy and more solutions are being added to the network. The new time interval is then doubled to the current time interval. So that no new solution can be added to the network in less than 10 minutes on average.top bitcoin mining for online users.
Bitcoin currency is limited to 21 million
A controversial issue regarding Bitcoin is that over time, the amount of Bitcoin currency will be limited to 21 million. Which no longer grows. Every 4 years the total number of bitcoins will halve, and by 2140 the total number of bitcoins will stop at 21 million, which will never increase.
If the price of Bitcoin goes up in the near future a small portion of Bitcoin may be enough to buy a Toyota Pazoro. Each bitcoin can be divided into 100 million parts, which is called ‘satoshi’. Thus, the total bitcoin unit will be 2,100,000,000,000,000 ঃ 2.1 quadrillion or 250.699 or 250.9. Which may be due to several reasons.
First of all, this number is much smaller than 264-1. And R244-1 is the largest number of zero integers among the standard integers that can be held on a computer. bitcoin mining to earn 10 USD.
Second, the number 250.90 is slightly smaller than the largest possible integer in the floating-point representation mode used in computers. Floating-point representation is a type of binary version of scientific notation. In decimal number management, computers use integers as well as floating-point representation formats. Such numbers can be presented fairly accurately, despite differences in scientific notation.
Since floating point encryption is a type of binary encryption, so when 9.625 is written on the computer, the computer then stores 1.001101 * 1011 or 0100000000100011 0100000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 -precision serialized form) shows the same result. ‘High Precision’ is the amount of data that is stored by installing floating points, while presenting the data correctly without wasting any extra bit while reading the data.
The number of bits of a simple number except for the number indicator in ‘High Precision Form’ is 52. That is, up to 253 at the floating-point in high precision form. Now start bitcoin mining for every day.