How to do bitcoin mine
the biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system has no more than 10.5 million in the first four years, and the total number after that will be permanently limited to 21 million. Another point is that you can use computers to make bitcoin.
the mining pool is the necessary infrastructure for the exploitation of P2P cryptography virtual currency such as bitcoin (digital currency). It is generally an open team mining server. Its significance is to improve the stability of bitcoin mining and stabilize the miners' salary. At present, the most powerful mining pools in the world are f2pool, antpool, BW pool, BTCC pool and bitfury. Except for bitfury, the rest are from China
with more and more people participating in mining, the computing power of bitcoin network is rising, and it is difficult for a single device or a small amount of computing power to dig bitcoin again. At this time, the mine pool was born
operation principle of bitcoin mine pool
the ore pool is responsible for information packaging, and the access mine is responsible for competing for bookkeeping rights
e to the collection of the computing power of many miners, the computing power of the mine pool accounts for a large proportion, and the probability of digging bitcoin is higher
for example
suppose 1 million people participate in bitcoin mining, and the whole network has 400p computing power, of which 90% of the miners have less than 1p (1000t) computing power. If a 1t miner is put into operation, it will account for 1.400000 of the whole network's computing power. Theoretically, every 400000 10 minutes can dig a block, that is, only 7.6 years can dig a block, and then get 50 bitcoins at a time
then, if I find another 9 miners with 1t dynamometer and reach an agreement, we will have a total of 10 people, and any one of them will be divided equally according to the proportion of each person's computing power, then we are a whole. With a total of 10t computing power, we can dig a block in 0.76 years on average, Then we have five bitcoins mined in 0.76 years. What if we organize 100 people, 1000 people, 10000 people or even 100000 people
if it is 100000 people, I can dig one block in 100 minutes on average. As a member of the team, my income will tend to be stable
this is the basic principle of the mine pool, that is, everyone forms a team to mine bitcoin, you can refer to the "buy together" in the lottery
of course, the above is only a simple description of the basic principles and properties of the ore pool, and the actual situation will be very complicated
the ore pool is a fully automatic mining platform, that is, the ore machine is connected to the ore pool to provide computing power and obtain profits
the bitcoin reward generated by mining in the mine pool will be distributed according to the proportion of each miner's contribution to computing power
compared with single mining, adding to the ore pool can obtain more stable income
I hope this answer will help youquestion:
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do you want to invest or not<
I can't get a screenshot outside
ask:
investment
uses fire coin network
bitcoin China has never used
how does the mine pool work
why can't I open the website of recharge and exchange to start trading
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well
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1. You need to register a bitcoin wallet, which is equivalent to your bitcoin account
2. Register on the bitcoin mine pool website and connect to your wallet (the mine pool can only remit bitcoin to your wallet, but can't take bitcoin from it)
3. Decide whether to use a mining machine or your own computer. If you decide to use a mining machine, you can buy it. The advantage is that the time to dig bitcoin is much faster than that of a home computer. The disadvantage is that it is too expensive
4. Download the mining software and connect the mine pool through the software to start mining
every step has many choices, because there are many bitcoin wallet registration websites, mine pool websites, many kinds of mining machines, and many mining software
you'd better go to bitcoin.org to choose. There are recommendations on it.
2 after successful registration, we will see a message like "your account has been successfully registered and logged in!" on the web page, It means that we have successfully registered and logged in
3 we can click the "dashboard" button in the upper left corner to see the whole monitoring status of the account
note: in this monitoring dashboard, we are most concerned about "total earnings", which is the bitcoin earned by our current account. In the future, as long as we open the website and enter the monitoring dashboard, we can see the relevant information of our account
4 next, please click "Settings" in the navigation bar of the page. In the settings page, we can set the e-mail address, bit wallet address, change the password, etc.
5 if we set the e-mail address in the account, if we forget the password or steal it in the future, we can restore the password through the set e-mail. First, enter our common email address in the "email address" column, and then click the "change" button
6. Next, a confirmation email will be displayed on the page to confirm that it has been sent to our previously set email
7. Then we open our email and find the email sent by BTC guide. Click the confirmation link, and then the page will show that our email has been successfully set
8. If we set email in the account setting, we can also set email notification for the behavior of mining miners. Find the "idle warnings" column on the setting page, click the drop-down list, select the time when you want to send the email, and then click the "change" button on the right. When we set 10 minutes later, if a miner stops mining, the system will automatically send a notification email to our email after 10 minutes. After receiving the email, we knew that the miner was on strike
9 in addition, we are more concerned about the "bitcoin wallet", that is, the wallet address. You don't need to set this address first. It's not too late for me to fill in when I really get bitcoin
10 after the account is set up, we need to set "worker". What is a worker? This is the login account name we will use later on the bitcoin mining client. The system will create a miner name for us by default. The miner name is composed of our registered account name, an underline and a number. For example, our registered account is XXX, and the first miner's name is "XXX"_ 1 "
11 if we want to set multiple miner names, enter a number such as" 2 "in the" create worker "column, and then click the" create "button to add a new miner's account name
12 in the worker settings page, we can also set the mining payment mode of the mine account separately. Payment method, i.e. mining payment method. There are two types to choose from, PPS and PPLNs. The difference lies in the mining mode and handling charge. The handling charge of PPS is 7.5%, while that of PPLNs is 3%. The system adopts PPLNs by default. If you want to change it, please click the "change" button under the payment method
13 in addition, we can also choose the difficulty of mining mode. If our computer has multiple graphics card GPUs or some special machines, we can set the miner's account name under the minimum difficulty
Step 2, download the mining client software
1 after we complete the registration setting, Next, please click "support" in the page navigation menu, and we will see the download link of the client< There are two types of mining client software:
bfgminer: command line operation interface, which can be downloaded directly
cgminer: it is also operated in the command line format, but the download steps are too complicated
let's take bfgminer as an example and click download as shown in the figure
2 then it will jump to the download page of mining tools. There are two formats of mining tools, one is 32-bit system, the other is 64 bit system. According to the number of system bits, download the corresponding tool version
3. The client size of mining tool is less than 5m, which is a zip compressed file. When the download is complete, locate and open the file. Click the right mouse button and select the "" option
4 here, I take paste extraction to the desktop as an example
Step 3, mining client software detailed settings
1 after opening the mining directory, double-click to open the "bfgminer" file under the directory
2 next, look at the BFG minier window and enter the address of the mine pool at the URL. The pool address can be seen in the BTC guide's support page, such as stratum. Btcguild com:3333 , press enter key
3, and then enter the miner's name set on BTC guide website after the user name, press enter key
4, and then enter at will in the password, as shown in the figure
5. Finally, you can see that many numbers are changing, It means mining. It is worth noting that the places marked in the figure indicate the speed of the current machine button
6 in addition to the current mining speed on the mining client software, we can also see the specific mining speed of each miner in the "active worker summary" list on the "dashboard" page of BTC guide website
7 If you want to close the mining tool, you can directly x drop it, You can also directly press the Q key to exit. If you want to open more, you can open another mining tool in the BFG miner directory< Step 4: cgminer command line client software
1 if you really want to mine, the official recommends that we use "cgminer", that is, to run it at the command prompt. Click "support" on BTC guide page, then click "cgminer" download link page, select the corresponding system version
2, then jump to cgminer download page and click the link as shown in the figure
3 and then select a version of cgminer. Here I download a Windows version as an example.
4 take the Windows version of cgminer as an example. After the download, unzip it to the computer.
5 open the cgminer directory, find "cgminer"
6. Double click "cgminer" with the mouse, and a command-line window will pop up, prompting us to enter the URL address of the connection server. Enter "stratum. Btcguild com:3333 ”, press the Enter key on the keyboard
7, and then prompt us to enter "user name", that is, the account name of the miner. Press the Enter key on the keyboard
8, and then enter the password. Press the Enter key on the keyboard
9, and wait for a moment, When the client and the service establish a connection, the machine will start mining
10 to quit mining, please press the "Q" key on the keyboard in the window
tools / raw materials
PC with independent graphics card
precautions
if you are using cgminer, the graphics card must support the display of general computing standard, otherwise you will not be able to mine.