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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.
These were the first Bitcoin USB miners. This ASIC miner costs around $30, but you shouldn’t expect a lot of hash power from this little thing since it only produces less than $0.01 each month. They have 330 MH/s of hash power. This miner is a USB device, and just like most USB miners, it was not built for profit and it’s there just to help ... Fastest usb asic miner. Today, we will be looking into how a USB ASIC miner work and if it is still profitable for mining in The Origin of the USB ASIC Miner While at first Bitcoin could only be mined with CPU power, in , a new type of mining hardware emerged the ASIC miner (Application Specific Integrated Circuit).. 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 ... 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 Moreover, the USB can also connect to external devices such as USB Bitcoin miner Raspberry pi to have the running capacity of the miners. Top 3 USB Bitcoin Miner 2020. The leading USB Bitcoin miners 2020 are . ASIC Bitcoin miner that has a power of 25 Giga hashes per second. But the drawback here is that it gets heated up really quickly and ... Tardis ASIC Bitcoin miner uses 6300W of power to mine your favorite Cryptocurrency. Besides it also weighs around 37000g which is a lot less than the industry average. In comparison, Bitmain S17 BTC mining hardware only weighs 9500g. Talking about returns, a person can make $17 a day in profit from this Bitcoin mining equipment. However, as with the rest of the above ASIC bitcoin miner, the ... The Avalon 3218 ASIC is a big step over the previous gen. The new efficiency is very welcome with fluctuating bitcoin value and a wide range of power costs around the world. Also Read: Review: Avalon 4.1, 1 th/s Bitcoin ASIC Miner, Quiet Power. Avalon 6 Bitcoin Miner Specifications By ZAC SAFRON. Choosing the best ASIC miner is an essential tool for your cryptocurrency mining operation, as you'll need to invest in the best ASIC miner if you want to make any profits mining cryptocurrency. Especially with Bitcoin's recent price spike, difficulty for mining the future global currency has also risen! Read this up-to-date article to learn about the best ASIC miners and ... Review: Avalon 4.1, 1 th/s Bitcoin ASIC Miner, Quiet Power. Scott Fargo Mar 17, 2015 15:00 . ASIC miners Review: Avalon 4.1, 1 th/s Bitcoin ASIC Miner, Quiet Power. Scott Fargo Mar 17, 2015 15:00 . Share. Tweet. Send. Share. Avalon has a storied name in the Bitcoin ASIC Mining industry. As one of the first companies to produce and ship ASIC gear, they had several models that were ... You may want to be a solo Bitcoin Gold miner, taking on all the trouble and getting the full reward. This might not be a very good idea. This might not be a very good idea. You see, you only get something if your machine is the first in the world to solve the hash function, as we have noted before.
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