When Xi Ming and his entourage stayed at the four-star hotel in Kangbashi, Shan Huizi's group of Japanese financial speculative elites just passed by and left the four-star hotel in Kangbashi.

They rented several high-end cars at the rental market in the old city of Ordo.

Orduo Yanjing Bitmain Technology Co., Ltd.

The roaring sound of mining machines and industrial fans is like a steel battlefield!

Except for the boss and some managers who know what Bitcoin is, the rest of the staff have a very shallow understanding of Bitcoin.

Bitcoin, invented by "Satoshi Nakamoto" in 2009, uses the computing power of the chip to continuously "hash collision" in the blocks generated by the Bitcoin system according to the model it builds, and wins the right to bookkeeping, so as to obtain the bitcoin rewarded by the system.

This boring and repetitive process is figuratively called "mining" in the Bitbi industry, and the professional employees who do this work are called "miners".

Bitcoin companies think that they are not production enterprises at all, they are not producing anything, they are computing things.

Every other point in time for the production of Bitcoin, the Bitcoin system will generate a random code on the system node, and all computers in the Internet can go to find this code, and whoever finds this code will produce a block, and then get a Bitcoin, this process is often called mining. Calculating this random code requires a huge amount of GPU computing power, referred to as computing power, so miners purchase a large number of graphics cards and assemble them into a special mining machine, that is, a mining machine, to obtain bitcoin profits more quickly.

It's a lot like playing a game and getting rewarded by the system.

So those ordinary workers, they think it's just a game.

They don't understand the value of Bitcoin at all, and as we all know, in our human history, the first business practices were bartered, for example, I have a sheep in my family and want to exchange it for your two chickens. There was nothing wrong with it at first, but as the collective consciousness continued to evolve and barter began to expose its shortcomings, the monetary system came into being.

Bitcoin is defined as a virtual currency, an internet currency, and is a high-level digital currency.

Why is that?

First of all, Bitcoin is decisively different from monetary units such as the yuan and the US dollar, which is decentralization.

So what is centralization and decentralization? In the monetary systems of countries, the central bank is at the center of their money. For example, in China, whether you are a cash transaction, bank transfer, Alipay, WeChat electronic payment, etc., all rely on the bank to keep accounts and clear for you, and no money transaction can be separated from the center of the bank, and we also need the state and the bank to endorse the value of such colorful banknotes in our hands and the ethereal numbers in the account.

So, if something happens to the country and it goes bankrupt, all the money in your hand and the numbers in your account will become worthless.

But the innovation of Bitcoin is that it is decentralized.

It uses blockchain technology to build a P2P network based on Bitcoin users, allowing Bitcoin to circulate peer-to-peer on this network. You can understand that bitcoins are not stored in a central server (central bank), but in a personal computer (user).

When you need to make a transaction, you directly trade with the next door, and through the characteristics of the blockchain, your side of the transaction will tell all bitcoin users, and all bitcoin users will verify and recognize your transaction.

Those ordinary workers, if they heard this, they would definitely be confused and couldn't understand!

First of all, what blockchain makes them dizzy.

What is blockchain blockchain, that is, block + chain, if the scattered personal computers in the Internet are regarded as blocks, then the point-to-point connection between a computer and another computer can be regarded as a chain, and the network composed of computers connected by this point-to-point connection is the blockchain.

Yes, P2P, or peer-to-peer transmission, is also an application of blockchain technology.

Now that we understand what blockchain is made of, what is the use of blockchain for Bitcoin?

This involves the consensus mechanism proposed by Satoshi Nakamoto, which is a mathematical algorithm in the blockchain system to establish trust and obtain rights and interests between different nodes.

Bitcoin's innovation lies in decentralization, meaning that transactions no longer go through a central bank-like institution.

The smart friends will definitely think, then how to ensure that my bitcoin transaction is real and effective? What if someone cheats on the debt? With the endorsement of the central bank, there will be old behavior, and this kind of private-to-private transaction is not more difficult to guarantee?

Quite the opposite, actually.

This kind of transaction through the encryption algorithm and consensus mechanism is the real most secure.

Someone once gave an example of a small village where people don't rely on banks, but use their own ledgers to keep track of who has how much money, and everyone's ledger is public, so as to maintain the consistency of the ledger.

Everyone's ledger reads: Zhang San's account A balance is 3 bitcoins, and Li Si's B account balance is 2 bitcoins. When Zhang San wants to transfer 1 bitcoin to Li Si's B account through account A:

Zhang San roared: Everyone, pay attention, I used account A to transfer 1 bitcoin to Li Si's account B.

The villagers near Zhang San listened to Zhang San's voice and checked whether Zhang San's A account had sufficient balance.

After passing the check, the villager writes to his ledger: Account A transfers 1 Bitcoin to Account B, and modifies the balance: Account A balance = 3-1 = 2 Bitcoin, Account B balance = 2 + 1 = 3 Bitcoin.

The villagers near Zhang San told the villagers who were far away about the transfer, and passed it on until everyone in the whole village knew about the transfer, so as to ensure the consistency of everyone's ledger.

In this example, you only need to replace the village with the entire blockchain, replace the villagers with the user's computer, replace the consistency of the ledger with the consensus mechanism, and you will understand the entire bitcoin transaction process.

In the process, even if you secretly modify your computer's code, it's useless to lie that you didn't make the transaction. Because as long as the transaction actually happens, all users on the blockchain will be recorded and made public, if the records are inconsistent, then your account will not be recognized.

The system will be implemented in strict accordance with the set rules, and the real iron face is selfless, ensuring the fairness of the transaction and the security is excellent. At the same time, only the account key can be traced, and as long as the owner of the account key does not disclose his identity, it is impossible to trace who it is. As a result, Bitcoin is widely loved by people on the dark side of the internet.

Since its inception, the frenzy of Bitcoin has also attracted the attention of many investment institutions. As the underlying technology of Bitcoin, blockchain is simply another outlet after new retail.

What is the true value of blockchain?

Once, someone said that blockchain: the next generation of the Internet.

Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Its biggest advantage is that it can ensure the authenticity, security and integrity of data in a fair manner.

Based on the various characteristics of blockchain, blockchain has a lot to offer in various industries.

The field with the greatest role is the financial field, and blockchain technology has broad application prospects in many aspects such as digital currency, payment and clearing, smart contracts, financial transactions, and Internet of Things finance.

In the future, it will change the status quo of the Internet and have a profound impact on the intelligent era.

This is the mystery of Bitcoin's existence.

This is where the value of digital currencies is like gold!

Erduo Yanbitmain Technology Co., Ltd.

There is only one type of employee in a Bitcoin business, and that is the repair worker.

Everything else is a machine.

The mining machine is operated 24/7, and it is inevitable that there will be damaged mining machines. In the summer, the damage rate of mining rigs is higher due to the possible instability of the voltage. For this purpose, the mine is equipped with a group of repair workers, and the damaged mining rigs are removed from the mine and repaired before being quickly loaded into mining.

Inspection, maintenance, and repair are the monotonous and boring work of miners in the mine day after day.

Ordogu has gradually become a world-class bitcoin mining farm.

In the past, the Ordos people who held a lot of money in their hands continued to invest their funds in real estate, and at the peak, the dream of "three suites per capita" was a reality, and the housing prices had the potential to catch up with and surpass "Beijing, Shanghai and Guangzhou" after the speculation. The illusory bubble began to burst as the price of coal fell, the debt crisis led to a large number of construction stoppages and unfinished buildings, the prosperity was gone, and the barren development zone was inaccessible and ridiculed as a "ghost town" by the outside world. Now these people are speculating in bitcoin with cheap electricity here.

They have service contracts with local governments and grid companies. Such large electricity consumers are quite popular with the latter, and after signing the contract, they pay hundreds of millions of yuan in electricity bills every year.

So the current Ordogu is still a crazy world, a magical world outside of reality.

This is the "secret" of Ordogo and Bitcoin!

Ten minutes later, Shan Huizi and his entourage came to the gate of Yanjing Bitmain Technology Co., Ltd. in Ordo.

The largest bitcoin manufacturing company in Ordo.