Bitcoin and cryptocurrency ecosystems have been established for nearly a decade and more and more people are investing in this industry, whether it is individual investment, business practices and construction or even the input of political parties. The individual used a central processing unit (aka home computer) to mine a large amount of cryptocurrencies. Later, people like “Artforz” (an anonymous miner) started to display adapters to mine. He was also the first to use a display adapter for mining. People have also created a world of mining with circuit boards (ASICs) and have changed the rules of the game.
Proof of Work: The Evil Theory
The cryptocurrency ecosystem is made up of different groups of people, but certain specific "personal pools" provide rich resources by ensuring that the crypto-economy's incentives. Whether you love or hate cryptocurrencies, mining machines have continued for years to come. We deal with our blocks, and these blockchains have millions of pens spread across the entire network. Although these mining machines are only following established protocols, they still suffer from some of the industry’s Groups and members of the public see it as "propensity," and mining pools suddenly become "evil organizations." Allegedly these organizations are planning to carry out malicious attacks on the Internet.
Artforz becomes Bitcoin's first mining opponent
Through a motivational system called proof of work (PoW), when miners discover new nuggets, they will acquire new cryptocurrencies. In the early days, people like Satoshi Nakamoto and Hal Finney were in the first year of Bitcoin. Began to use the central processor to excavate Bitcoin, but shortly afterwards, an anonymous person named "Artforz" came up with ideas on how to get bitcoin from a large display adapter mining site. Artforz controlled a lot of hash rates at the time. Not only caused the debate in the encrypted world, but also to allow Satoshi Satoshi to encrypt a large number of mining speed.
Sakamoto once said: "We should have a gentlemen's agreement, as long as we can postpone the display of adapters for the sake of the overall network. This will allow newcomers to easily mine, rather than worry about display adapter drivers and compatibility. The ideal is for everyone to compete fairly (mines)."
The era of ASICs
A few years later, Nakamoto exited, followed by the emergence of circuit board manufacturers, which also changed the mode of operation of the entire industry. Bitcoin could be mined from a home computer without using a display adapter. Many circuit boards The equipment industry actively discusses how to manufacture equipment for digging cryptocurrency. Many of them have not succeeded, but many big-name technology companies benefit from it. Since the evolution of circuit boards, mining has become a major topic of controversy. , Such as high energy consumption and influencing network systems.
Remember Ghash.io controlled 51% of the network?
After the circuit board's push will slowly reveal the adapter, some conspiracy theories will cover the entire encryption market. The number nine on the board appears to be unprofitable for mining alone, so many miners gradually began to Mining pools are excavated, mining pools make mining easier to find nuggets, and profit scores for excavation, in the early days, only a few mine pools exist, but as the mining becomes more popular, there are more groups The hash rate of the splitting network was added. In June 2014, there was a mining pond that caused considerable controversy.
At that time, the mine pool “Ghash.io” accounted for more than 50% of the hash rate of the entire network, which represented the transaction that the mine pool could refuse to verify. This incident caused a great uproar at the time and also occupied various media outlets. The headlines, eventually Ghash.io also collapsed.
Selfish and greedy miners
One year after the incident, in December 2015,
One year later, in December 2015, the "Scaling Bitcoin" conference once again triggered a heated debate in the encryption community, as nearly 70% of the operators of the entire network mining pool sat together, which was spread throughout the entire time. Mining developers such as F2pool, Antpool, BTCC, and Avalon discussed publicly the issue of scale-up for the first time for the first time. Since then, they have been accused of being “selfish and greedy miners”. This is what the Bitcoin agreement mentioned. of.
Last year, the discussion was once again controversial, as the crypto-cell community touted the use of hidden ASIC Boost mining. This specific controversy, as well as other conspiracies, led some supporters and developers to start talking about changing the workload of bitcoin to prove the consensus At the time, it was alleged that the use of secret ASIC Boost mining technology caused an outbreak of cryptocurrency-centric forums and Twitter information providers. This topic has begun to be published on the entire forum and social media, because the encryption community is now discussing ASIC Boost. Patent and mining pools using this technology.