In today's era of digital currency surge, Bitcoin, as one of the most famous cryptocurrencies, has attracted much attention for its mining process. Bitcoin mining is not only a technical activity, but also an art involving complex laws. To succeed in this field, you must have a deep understanding of the laws of Bitcoin mining. This article will explore the key laws in Bitcoin mining and take you to unveil the mystery of this digital world.

The first key law of Bitcoin mining is that computing power determines everything. In the Bitcoin network, computing power is the computing power of miners, which directly determines the efficiency and success rate of mining. As the Bitcoin network continues to grow and develop, the difficulty of mining is also gradually increasing, and more computing power is required to obtain Bitcoin rewards. Therefore, it is crucial to understand how to increase computing power and choose the right mining equipment.

In addition, Bitcoin mining is also affected by market supply and demand. Bitcoin prices fluctuate greatly, and the income from mining will also fluctuate accordingly. In a bear market, mining income may not be enough to cover the cost of electricity, while in a bull market, it may be very profitable. Therefore, being familiar with market trends and flexibly adjusting mining strategies are one of the keys to successful mining.

In addition, Bitcoin mining is also affected by the law of halving block rewards. The Bitcoin network will be halved every 210,000 blocks, which means that the number of Bitcoins obtained from mining will also be halved. This law directly affects the profitability of mining, and miners need to prepare in advance to avoid a sharp drop in income.

In addition, Bitcoin mining is also affected by technological innovation. With the continuous advancement of technology, new mining equipment continues to emerge, and mining algorithms are constantly upgrading. Familiarity with the latest mining technology and grasping the direction of technological development can help miners stand out in the fierce competition.

In general, Bitcoin mining is a complex art, and successful mining requires miners to fully understand the various laws of mining. Only by mastering key laws such as computing power, market, block rewards and technological innovation can you be invincible in the fierce competition. I hope this article can help readers better understand the laws of Bitcoin mining and provide some inspiration for your exploration in the field of digital currency.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

What rules do you need to know about Bitcoin mining? Mining is just a figurative metaphor. In fact, Bitcoin mining means running some Bitcoin calculation programs through hardware suitable for Bitcoin calculation. If the calculation is correct, you will get the corresponding Bitcoin. Let's analyze it in detail.

In the sluggish environment of computer stores, since the beginning of the year, everyone in the store selling computers has been discussing a device - "mining machine". The "mining machine" here does not refer to mechanical vehicle equipment such as coal, but computers used to mine digital currency. The demand for graphics cards is getting more and more demanding, and the more high-end graphics cards there are, the tighter they are.

Why is this so? From the beginning of 2017 to now, the price of digital currency represented by Bitcoin has risen rapidly. The price of Bitcoin has risen by 130%, and the price of a single Bitcoin reached $.2,400 on May 24. According to Jeff John Roberts, author of Fortune, there are three reasons for the surge in Bitcoin:

The first reason is that the global demand for digital currencies is increasing. Digital currencies like Bitcoin are beginning to be accepted by investors as new assets. Others believe that digital currencies, such as gold, can be retained when sovereign currencies are unstable.

The second reason is that in early April 2017, Japanese regulators introduced new regulations and began to treat Bitcoin as part of the banking system rather than an unissued currency. This triggered a boom in Bitcoin trading in Japan. A large number of investors exchanged yen for Bitcoin. In addition, Chinese investors are also very enthusiastic about Bitcoin. Asian investors, including China and Japan, are also driving the rapid rise of Bitcoin.

The third reason is that Bitcoin may enter a new round of hype cycle. In the past, Bitcoin has also experienced surges, media attention and plunges. In the up cycle, the number of people who are optimistic about Bitcoin far exceeds those who disagree. One of the reasons is that "few people really understand digital currency, and most people who understand digital currency have a lot of Bitcoin, which makes skeptics not so much."

What is the origin of Bitcoin? How is it mined? The concept of Bitcoin was proposed by a network geek named "Chong Bencong" in 2009. It is a decentralized digital currency that is generated by a large number of calculations without relying on a specific monetary institution.
After 2013, Bitcoin soared in China. Under Bitcoin's proof-of-work mechanism, anyone in the Bitcoin network can win the settlement right. Those who solve mathematical problems related to billing will be charged first. Whoever pre-orders first will be awarded the latest generated Bitcoin. The process of calculating, accounting, and obtaining Bitcoin is called "mining". Mining has four main functions: one is to issue new Bitcoins that can be circulated; the other is to confirm transactions and bookkeeping; the third is to add a page to the book, that is, to wrap transactions to form "mine"; the fourth is through the workload. The proof mechanism allows the Bitcoin book to be forged arbitrarily.

From 2009 to 2012, 50% of Bitcoin was mined. From 2012 to 2016, the mining time was 25% in four years; from 2016 to 2020, only 12.5% of Bitcoin was mined.