Antminer is one of Bitman's product brand and is one of the leading ASIC MINER.
What is an ASIC MINER?
ASIC Miner is a technology that is grown on a chipset that can only work for one function only, whatever the program is using ASIC chipset intended for 1 work function, in this case in antminer only to solve SHA256 algorithm. How does it work to get Bitcoin?
Simple illustrations:
I have a 10 meter rope that each 2 meters that I make a node, each node will be different shape.
I ask you to take care of or remove the node
- with a note of each node that you can finish I give a gift magnum ice cream
Well, let's just assume your skills as an ex-Boy Scout, you can finish the first node very easily, I definitely give your magnum ice cream gift with you. Keep up your spirits, what if you want more ice cream? surely you will work on the second node, but when the second is summed up, all your magic in the scout you spend to finish the node, but until the dice any node is not resolved. Suddenly come the BITMAIN, tell you the same, "let's use ANTMINER that I have program to help your work to open the knot.
and abrakadabra......, the second node open easily, I continue to give again his ice cream.
Then you plan to rob me to get the 3rd ice cream.
you call BITMAIN and say, I'm sure he (who has ice cream) will give more difficult at node to 3
keep BITMAIN say, may be okay, but the ANTMINER price is so yaaaaa !!!!
You instantly say , i will buy it, and by feeling your ANTMINER weapon is enough, you face the 3rd node.
it turns out that working on the 3rd node, it's not just you, there are john, ricky and the others and they carry the same weapon
finally they were forced to share ice cream with the others after completing the 3rd node.
That's a little illustration about antiminer & how it works.
assume that ice cream is 21 million BTC, the node millions of blocks & the rest, you already know for sure
well that was the illustration & it counts. you can go to http://www.bitcoinwisdom.com/bitcoin/difficulty
for the formula I do not memorize, but there has become a calculator, so easy.
difficulty = node
diff will always go up during the factory producing asic miner.
maybe there is a confused, fortunately the person who makes BTC?
satoshi nakamoto (pseudo) and his community want to have a means of payment that is not centralized and can be used anywhere and anytime.
according to the idea, which they created was a system, which once the system was released on the internet will have a place where, peer network termed so, the system is not regulated by someone alone, which made the system is the concept of reward for the work.
well, to better understand how the system can be considered unregulated, that's what we will discuss now.
QUESTION:
Why can a miner tool make money?
Actually what is mined?
when will the mine run out?
why can the mine provider give us a coin? what is the advantage for them?
Well, that's a standard question for the public.
The miner tool does not make any money but solves the algorithm problem
Mine is just a term for how to solve the algorithm that every 1 block is solved then the solver algorithm will be rewarded in the form of units depending on how many prizes perblock
when is it over? this activity will run out depending on the speed of the algorithm breaker tool that will circulate in the market and achieve a total reward of 21 million units for the case in bitcoin
not the provider giving the gift of his unit., the provider only provides the facility connected with the algorithm provider server, the advantage is that the providers of the connection are in the form of transaction fees, and advertising advertisements installed on the connection provider and hosting rentals from the connection to their server
the bitcoin unit's limit is 21jt units or 21jt BTC https://blockchain.info/charts/total-bitcoins
see diff that always go up every month, what happens if the mining tool can not ngikutin again? or the speed of the mining tool will continue to increase as well?
you are wrong, the first block btc rewardnya 50 units per block that can be solved, currently only 25 on the difficulty level is determined, will be 12.5 and so on.
so the point is that more and more speed is circulating, the faster the diff increases, the less the reward perblock it
like my analogy above about ice cream
see the diff development, for example now 50ghs can payout 0.0009 means the day is decreasing, and possibly increase month / year 50 ghs can not anything what?
correct
and the price per ghash will decrease to adjust with diff later
currently per 2 weeks diff btc up 10% s / d 20% from 2 weeks earlier.
when 21 million BTC has been mined, what do you think will happen?
bitcoin will become extinct? wrong
well we first open the story of conventional banks
when the money in country A is distributed, while the inflation rate will increase what will be done by the central bank of the country?
means the central bank will print new money to compensate.
now we turn to btc.
21 million btc is already the top limit, and no one can increase the limit
when 21 million btc has been mined and the demand for btc increases, what will happen?
basic economic principles
supply slightly + demand increases = price is up...