Why is there no computing power in local mines

1. From cheap electricity to centralized mining, China's resources and environment provide bitcoin miners with many advantages. In recent years, bitcoin miners have used cheap electricity to expand their business in coal rich regions such as Xinjiang and Inner Mongolia, which are home to the founders of some of the world's leading mining companies

with the rising price of bitcoin, more and more people join the bitcoin mining business. Accordingly, mining consumes more and more energy. Obviously, our government is also aware of this

according to the requirements of the document, regulators require local governments to take measures related to electricity price, land use, tax and environmental protection to guide bitcoin miners to withdraw from the business. According to foreign media reports, regulatory authorities are mainly concerned about the money laundering and financial risks involved in the shutdown policy, but excessive power consumption is also a factor that can not be ignored. In principle, bitcoin mining consumes a lot of power because every time a new bitcoin is proced, it needs to solve the complex mathematical problems through the encryption process performed by a high-performance computer. Mining calculation process is used to verify bitcoin transactions in the blockchain to ensure security, but the disadvantage is that it consumes a lot of energy.

2. < UL >

this is mainly e to the 51% attack, because before some of the world's well-known mines, e to the low rate and convenient use, many miners went to those large mines to mine. As a result, the computing power of the mines soared, approaching or even exceeding 51% of the global computing power many times

bitcoin community has also raised a big discussion about 51% attack for many times,. The mine pool operators also called on the miners to move to other mines in a responsible manner, and finally 51% of the attacks were solved. Many of China's miners have moved to fish ponds

most of the new miners have joined the fish pond because they don't know about the global mine ponds, and many of the previous mines have died e to poor management

3. Currency holding capacity of global mineral pool alliance = (ranking of wallet deposit) ÷ All wallets in the mine pool × 50% of the mining volume of the ore pool
ranking of the account balance (currency holding) of the global ore pool Alliance (multiple accounts may have the same name, but the next place will jump and grow synchronously, as the weight of this part of the issue)

4. It is not recommended to buy cloud computing power. There are too many uncertainties and risks.

5. According to the official website of coin'an mining pool, BTC's calculation power has reached 1.75e, 36053 effective miners, ranking 11th at present, OK's calculation power is 6.89e, and Huo's calculation power is 4.75e. At present, there is still a big gap in the coin'an mining pool. However, as a bystander, you should have a unique vision. Looking at the ups and downs of the previous coin circle, the development and launch of various new technologies, although coin an is late, it can always make the latecomer rank first. It probably doesn't take long for this ranking to change.

6. Global mine pool alliance is a global blockchain ecology that can dig the main currency of all kinds of public chains.
the characteristics of global mine pool alliance are: 1. No lock, no multi-layer and multi generation, only one generation! 2. POS Mining: 3. The wallet is the free miner, the money is the miner, and the withdrawal miner stops mining. 4. There are two mining machines in each wallet, which can obtain the cash holding power and promotion power respectively. 5. Start the counting machine with money when saving money; Promotion is to start the promotion of the calculator. 6, how much money is allocated and how much money is there?

7. Computing power will fall, but if the technology is relatively stable, most of the miners with qualified operation and maintenance ability will recover within the specified time after occasional loss of computing power, so as to avoid huge punishment. If a large number of confiscated pledged currencies are not recovered within the specified time, it means that the technology of the manufacturer is not only unstable, but also the operation and maintenance ability is extremely poor. We have to choose carefully.

8. Because filecoin & IPFs punishes the loss of computing power for more than 24 hours and confiscates all the pledged and locked positions for more than 14 days, it is particularly important to note that if a node managed by a manufacturer is fined and confiscated a large number of pledged currencies e to the loss of computing power, it is absolutely not allowed to choose!