Chapter 336: Flash Crash

Bitcoin, the world's well-known virtual currency, is favored by many players and speculators because of its wide audience and rice knife can be exchanged directly.

In addition, Bitcoin is one of the few virtual electronic currencies that is accepted by consumers and co-merchants for two main reasons.

One is that Bitcoin's algorithm determines that its quantity is limited, and the limited quantity determines the value of it, which refers to the traditional gold standard currency.

Moreover, the Bitcoin setter has set that there are only 21 million coins in the world, and every time a certain number appears, the algorithm will become more difficult, and the mining time will be extended accordingly.

The other is that Bitcoin, as a pioneer of very fashionable blockchain technology, determines the openness and transparency of its currency and the relatively stable value.

What is blockchain technology, this term has been very popular in recent years, and many MLMs plus a zone chain have become high.

In fact, to put it simply, the blockchain technology is a shared ledger, for a simple example, user A gives bitcoin to user B, then tens of thousands or even millions of users record the transaction at the same time, and at the same time determine that the transaction is valid.

In this way, there will be no counterfeiting of bitcoins using blockchain technology (you obtained bitcoins through cheating, but hundreds of millions of other users around the world did not record the transaction, so your fake bitcoins are invalid), there will be no counterfeit banknotes, so the value is relatively stable (note: it is the value, not the price).

Both the economy and the Internet+ are advocating blockchain technology, which is conducive to the establishment of an honest, open, transparent and relatively direct financial and technological environment.

There is also a more vivid way to describe the regional chain, just like Li Lei and Han Meimei established a romantic relationship in front of hundreds of millions of students across the country, and Li Lei vowed to take care of Han Meimei for the rest of his life.

This kind of scene has formed a regional chain, because their love is witnessed by hundreds of millions of students, Li Lei should not cheat, if Li Lei cheats, hundreds of millions of people across the country will not be able to spare him, Li Lei will also be deducted from the hat of a scumbag, and he will not be able to play friends for the rest of his life. This is known as the zone chain.

To get back to the point, algorithms and rules determine that Bitcoin is difficult to mine, difficult to counterfeit, and very valuable.

The computer that mines bitcoin not only requires a good chip and fast computing speed, but also requires a good graphics card to be able to undertake the work of mining.

At the press conference, there were Bitcoin players, who said: "I don't know about quantum computers, but according to the current speed of Bitcoin mining, the Xeon chip and RTX8000 graphics card on the stage can mine one in ten days." ”

This audience member is not wrong, if the income is calculated according to the algorithm progress, a server with ten central group computers, then the income generated by Intel's super server on the stage should be about 0.0007 bitcoins in a minute, and it can generate less than one bitcoin a day.

The time of the press conference is limited, and it is impossible to open it indefinitely, and what can be compared is the algorithm income, and the time is suitable for ten minutes to two hours.

Xiao Ming asked the volunteers again to check the bitcoin accounts of the two computers, and checked the records of the incoming and outgoing accounts to make sure that there was no cheating.

In fact, this kind of check is completely unnecessary, it should be that Bitcoin itself has already determined that the game must be fair.

After the countdown on the big screen is over, the game begins.

Reporters have made live reports:

"The game is on! This is much more exciting than LOL and King Pesticides!"

"It's not a game, it's a competition between technology!"

"This is the competition between the Xia technology giant Pangu Technology and the United States technology giant Intel. ”

Netizens who watched the live broadcast in the live broadcast room were also excited.

"I feel that Pangu Technology is so powerful, such a small device dares to fight with the big man of Intel!"

"An image came to mind. Netizens in the live broadcast room swiped the barrage and said: "The competition between the Shenchuan notebook in my hand and the world's first computer, ENIAC. ”

"Although I couldn't understand the numbers and progress on the live screen, I always felt excited!

Intel's servers were running wildly, and the audience could clearly hear the sound of the servers running.

The specific and complex algorithm code in the process of mining coins has no meaning to the audience, so after background processing, the competition is directly transformed into a competition between precision bars.

On the big screen, the total progress of mining one bitcoin is measured, and the algorithm progress is measured as a percentage.

On Intel's side, the precision bar runs very slowly, and the screen shows 0.1%...... 0.2%, five minutes have passed, and the progress bar is no more than 0.35%.

The audience now knows the difficulty of mining bitcoin, and if a server that invests close to 10 million soft sister coins is used to mine coins, the daily income will be 7,000 meters according to the current market price of bitcoin.

The ideal payback time is more than one year, and if you count the increase in labor, electricity costs and the difficulty of the Bitcoin algorithm, the payback time is 3 to 5 years, and then evaluated

The fluctuation of the price of the Bitcoin market, this is definitely a risky business.

Ten minutes have passed, and Pangu Technology's quantum computer has not yet started to work.

The audience at the scene and in front of the video screen is not very calm.

"What is Pangu Technology doing?"

"Is there a problem with the quantum computer chip or is it a failure in the field?"

"Xiao Ming gave up the game?"

"What are you kidding, how can you give up the game! You see Xiao Ming's confident smile is not like giving up the game. ”

Of course, Xiao Ming will not give up the competition, but use a quantum computer to complete the algorithm in the binary era, which is a bit overkill.

Xiao Ming just gave the Intel super server a little more time to avoid the game picture being too ugly.

Fifteen minutes later, the assistant clicked the mining button at Xiao Ming's try.

Then there was a scene that shocked the world - progress bar 100%, progress bar 100%, progress bar 100%, progress bar 100%......

What does this mean?

It means that Pangu Technology's quantum chip computer mined a bitcoin worth 70 million meters in less than a second.

The computational rules of binary computers are not valid for quantum computers!

In a short time, more than 200 bitcoins were mined. Quantum computers have no plans to stop, and there is a momentum that will not stop mining all the bitcoins in the world.

"It's over, it's over!"

"It's completely over!"

It was not Intel's representatives who said this, but bitcoin speculators.

Affected by the crazy mining of bitcoin at the press conference, the price of bitcoin plummeted wildly, breaking 7,000 meters after one minute and 6,500 meters after 5 minutes.

The collapse of bitcoin affected the entire virtual currency financial market, the global virtual currency system, and the flash crash.

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