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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.
Best Bitcoin Mining Hardware on a Budget – Antminer T9+ For Bitcoin miners that are on a budget, one of the best Bitcoin mining rigs around is the Antminer T9+. It can be picked up much more cheaply that most of the other devices on this list. However, don’t let the price tag fool you — it’s still a decent machine. Antminer S17 and S17 Pro Review. By: Steven Hay Last updated: 8/22/20 On March the 29th of 2019, the world’s leading mining hardware producer, Bitmain, officially announced the sales date of the Antminer S17.. This new ASIC miner is exclusively for coins using the SHA-256 algorithm, such as Bitcoin and Bitcoin Cash.In this review I’ll cover the miner’s pros and cons and also compare it ... Bitmain ASIC için kullanılan yeni 16nm testini uygulayarak uzun süredir beklenen Antminer S9‘un özelliklerini ve çıkış süresini açıkladı.. Buna göre yeni S9, 14TH/s hızına 189 çip kullanarak ulaşıyor. Die besten ASIC Bitcoin Miner (beispielsweise der Antminer S9) berechnen aktuell 14 Tera-Hashes pro Sekunde (14.000.000.0000 H/s). Diese Mining-Maschine würde mit der aktuellen Difficulty 13.285.714 Sekunden, also ungefähr 154 Tage (ca. 5 Monte) benötigen, um eine gültige Prüfsumme, und damit einen Block mit einer Belohnung von 12,5 Bitcoins zu finden. Das bedeutet, dass man ungefähr ... Antminer – Beschäftigt man sich mit dem Mining, kommt man um ASICs nicht herum. Die Miner von Bitmain dominieren das Geschäft mit den ASICs. Bislang sind es die schnellsten und effizientesten Miner auf dem Markt. The ant miner S1 is one of the best BTC miner to start with in mine opinion. Actually to be honest with that 2.77$ / GH/s rate it s even good for serious miners as well. The reason why I said it is great for newbies is because it is soo easy to use. As you can see from our video review or from the set up tutorial. The ant miner is a stand alone ... There is a MultiMiner Remoting component as well built into the MobileMiner app that lets you start, stop and monitor many standalone network miners as well such as the Bitmain Antminer S1, Avalon Miners and many more. Easy Miner. EasyMiner is another GUI mining software made to function on top of BFGMiner and CGMiner. It is very convenient and ... Here we will take Bitmain Antminer S9 as an example to introduce how to set up the miner and start to mine Bitcoin. What You Need to Know before Using Miners: 1. PSU output power is recommended to be 20% higher than the power consumption of miner; 2. The router or network switch you are using to get connected with miners shall be ones without POE; 3. Miners can only be connected to router or ... If you own a PSU of an old Bitcoin miner you might be able to use that as well. For example the EVGA SuperNOVA 1300 Watt GPU PSU should also work with this miner. However if you don’t already own a compatible PSU it will probably be best to just buy the APW3-12-1600-B2 and add it to your initial investment cost. It probably won’t cost much more than any other old PSU you can find. Years ago the Bitmain made Antminer S9 series was one of the most popular mining rigs on the market and estimates say at one time, the S9 miner (13 TH/s) powered around 70% of the BTC hashrate ...
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