What is the meaning of power consumption on the wall (whole machine power consumption)?

What does power consumption on the wall mean? Power consumption on the wall refers to making the input and output of a transaction visible to others. In the field of computers, the term commonly used is “state”. For example, the string of text or some identifiers that we see (in the image) to describe this digital currency is actually a “state”. It is a data block, and the process of recording information in this blockchain is called a “ledger”. The contents of this ledger include: recipient, sender, time of receipt, and payment amount, etc.

The so-called “state” refers to the value generated when a node can submit its transaction to the network and complete transfer operations through this system. Since these coins have no value support, when someone makes a payment to this address, a large number of coins will be generated. This means that funds are being transferred and continuous confirmation is needed until the balance in the wallet can be restored to normal (similar to Alipay). If all the money in the account is empty, you can start using this smart contract.

Whole Machine Power Consumption Wall

Recently, according to foreign media reports, the Bitcoin miner manufacturer Canaan Creative has recently released a chip series product called “Whole Machine Power Consumption Wall”. It is understood that “Whole Machine Power Consumption Wall (Microwall) is one of the most expensive technologies used in mainstream computer mining devices.” In addition, according to public information, the cost of this product is about 300 kilowatt-hours. “This means that running the machine on a desktop computer using this technology may require up to 10 million kWh of energy consumption, and could even generate over 200TWh of electricity bills”.