What kind of pool

1.

Mine pool refers to:

as the computing level of the whole bitcoin network continues to rise exponentially, a single device or a small amount of computing power can not get the block reward provided by the bitcoin network on the bitcoin network

after the computing power of the whole network has been improved to a certain extent, the low probability of getting rewards has prompted some geeks on "bitcoin talk" to develop a method that can combine a small amount of computing power and operate jointly, and the website established in this way is called "mine pool"

extended data:

the existence of the mine pool reces the difficulty of bitcoin and other virtual digital currency mining, reces the mining threshold, and truly realizes the bitcoin mining concept that everyone can participate in

but its disadvantages are also very obvious, because computing power is connected to the mine pool. As a mine pool, it will have huge computing power resources. In the bitcoin world, computing power represents the bookkeeping right, and computing power is everything. If the computing power of a single mine pool reaches more than 50%, it will be easy to launch 51% attacks against virtual digital currencies such as bitcoin, The consequences are very terrible:

the mine pool can make the mine pool with 49% of the remaining computing power have no harvest, instantly quit the competition and go bankrupt. The mine pool's computing power exceeds 50%. If 51% attack is launched, it will easily occupy all the effective computing power of the whole network

2.

Mining is perhaps one of the most important components of the bitcoin ecosystem. Miners need to solve complex mathematical problems, so as to ensure the smooth implementation of the transaction. These problems are so complex that they are difficult to solve even for extremely powerful computers. Computers need work and luck to solve these mathematical problems, just as miners dig underground. The chance of solving this problem correctly is about one in 13 trillion

bitcoin mining has two purposes. Firstly, by solving mathematical problems, bitcoin miners can verify the transaction information, so as to ensure the security and reliability of bitcoin payment network. Miners are the people who ensure that transactions are accurate and that there is no "double payment."

Secondly, when the computer solves these complex mathematical problems on the bitcoin network, the system will generate new bitcoin, which is similar to the process of mining gold from the ground. The reward is called "block reward", and after the event called "halving", its amount will be periodically halved. The newly discovered concept of bitcoin is an important part of bitcoin protocol. The bitcoin obtained by the miners is brand new and has never been in circulation before

since miners will eventually sell the bitcoin, it is also an important source of supply and liquidity. As chainalysis reports, many digital currency exchanges rely on miners to receive bitcoin and increase their liquidity. Typically, exchanges get about 88% of bitcoin from other exchanges, and bitcoin miners are the largest source of the remaining percentage. As you can imagine, there is fierce competition between exchanges to receive bitcoin directly from miners

further enlarge the map, most of the mining activities are only carried out in four provinces, the first two provinces are Xinjiang and Sichuan, accounting for nearly half of all bitcoin mining in China. Electricity prices are cheap and the weather is cold in these areas. This helps to keep mining profits and equipment cool ring the 24 / 7 operation and maintenance period of bitcoin mining

but this is nothing new for digital currency issuance. For many years, China has been a major market for bitcoin miners e to its cheap electricity and abundant resources. Bitmain, f2pool and Canaan are all located in China

whether this is a negative or positive message depends on your point of view. But for decentralized, distributed, unlicensed networks, geographic regions across multiple entities are more healthy for the entire ecosystem

3. It's one of the baskets with BTC;

4. As the computing level of the whole bitcoin network is rising exponentially, a single device or a small amount of computing power can not get the block reward provided by bitcoin network. After the computing power of the whole network has been improved to a certain extent, the low probability of getting rewards has prompted some geeks on "bitcoin talk" to develop a method that can combine a small amount of computing power and operate jointly. The website built in this way is called "mining pool"
because the probability of a single miner digging a block is very small, after all, it takes a lot of computing power to dig a block in 10 minutes. Even if there is such a large amount of computing power and the ability to dig, there are many competitors. So it becomes a game of 0 and 1. And the emergence of the mine pool is to break the 0 and 1 play. The computing power of a mine pool is a collection of many miners' computing power, which is far more likely than fighting alone. Every time you dig a block in the mine, you will be rewarded to the indivial according to the percentage of the calculation power of your mining machine in the total calculation power of the mine, and there will be no unfair situation.

5. The collective data bitcoin of mining machine can be made by computer. This is called mining machine. For example, if there are 1000 mining machines, they will eat 1000

6. It is a fully automatic mining platform, which enables miners to contribute their own computing power to mine together to create blocks, obtain block rewards, and distribute profits according to the proportion of computing power contribution (that is, mining machines are connected to the mine pool, provide computing power, and obtain profits).

7. It's a service that allows miners to work together to create blocks and split profits. This allows miners to get a steady income, rather than a small probability of getting 50 (now 25) bitcoins at a time

8. Digital currency generally refers to bitcoin, Laite coin, Puyin, Gougou coin, TaiFang and other digital cryptocurrencies. Media reported that before the Spring Festival, the digital bill trading platform based on blockchain promoted by the people's Bank of China has been tested. The listing of the digital currency Research Institute of the central bank ring the spring Festival means that the people's Bank of China is the first to study digital currency and real application of the central bank

9. The mine pool is a team mining server. Bitcoin generates a block every 10 minutes, and there will be tens of millions of people competing. In the end, only one person owns the block, and no one else receives anything. You may have to dig for five years to get a block. Team mining is that once anyone in the team gets a block, they will divide the currency in the block according to their performance, so that they can get bitcoin quickly.