Mining is a long-lasting battle

According to Satoshi Nakamoto's design, the mechanism for generating Bitcoin is like a long-lasting mathematical competition. Through computing power, whoever calculates the result first can obtain Bitcoin as a reward. This process is also called mining.

To win the reward, participants configure a large number of computers. At first, winning Bitcoin was not complicated, but as more participants joined, everyone realized that the reward rules for Bitcoin were also changing.

Every 4 years, the reward is halved, from the initial 50 to 25, then to 12.5. As market attention increases, Bitcoin also becomes harder to obtain.

The requirements for computing power have also become increasingly demanding. Initially, ordinary computers could mine, but now top configurations have very high requirements for chips.

With high configurations, the power consumption is astonishing!

Now, the price of a single Bitcoin still ranks first among virtual currencies, but the chances of obtaining Bitcoin through mining are pitifully low. Although Satoshi Nakamoto initially set the total supply at 21 million, as time goes on, Bitcoin becomes harder to obtain, and the quantity of 21 million becomes a theoretical limit that is visible yet unattainable.

Looking closer to the reward but always missing by 0.01, reluctant to give up, yet continuing is fraught with conditions, just like players wanting to obtain Bitcoin.

Having invested costs, let's keep mining, knowing in our hearts that the amount of Bitcoin that can be mined is truly too little. Don't mention just one; even a ten-thousandth of one is frustrating. Not mining feels tough, as the trading prices in the market are too tempting.

One coin equals one villa; who wouldn't be tempted?

Bitcoin is not globally recognized as legal currency; very few countries acknowledge its value. Its current value is limited to transactions among players.

If players recognize it, Bitcoin is valuable; if players do not recognize it, Bitcoin is just air. Moreover, Bitcoin completely relies on the internet for existence. Once the internet is disconnected or hacked, Bitcoin becomes nonexistent.

Risk and reward coexist, and the price of Bitcoin is highly volatile. It can be $80,000 one moment, then drop several thousand the next. The phenomenon of wealth shrinking by half overnight occurs often.

Bitcoin is a game of thrill. When Satoshi Nakamoto originally developed this gameplay, it is likely that he was also attracted by the excitement of this game!