CNY ore pool

1. Author: Feng Chiyu
link: https://www.hu.com/question/22023800/answer/22741288
source: Zhihu
the right belongs to the author. For commercial reprint, please contact the author for authorization. For non-commercial reprint, please indicate the source

the first conclusion: ripple is not a currency, but a payment network; XRP currency used in the network is a kind of currency. Compared with bitcoin, the former is a payment system, while the latter is money, which is not the same kind of things, so there is no substitutability

bitcoin has been fried rotten, and hushang's answer is close to saturation, so we don't need to repeat our work. Let's focus on ripple

what is ripple
ripple is an open payment network. Just like ripple, the word ripple emphasizes the flow and transmission of funds

in life, acquaintances borrow money from each other and may not write IOU. Sometimes, several friends borrow money from each other, generate multi angle debts, and may adjust the relationship of debts and creditor's rights according to the alienation of relatives. For example, a owes B 5 yuan, B owes C 5 yuan, and a and C are familiar with each other. Once three people discuss, they may directly ask a to repay C. In fact, not only between acquaintances, many small shops and small companies will allow acquaintances to write off on credit

that is to say, everyone is more willing to have debt relationship with the people they trust or are familiar with, and through the trust network between people, funds can flow smoothly

the above is the money network between people in the real world. If all this happens in the Internet world, it is the money flow system that ripple is trying to achieve

but in this network, the relationship between you and your trusted acquaintances is transformed into the relationship between you and your trusted gateway. As the name suggests, a gateway is a "gateway" between one network and another, that is, a network gateway. To go from one room to another, you have to go through a door. Similarly, to send information from one network to another, you have to go through a "gateway", which is the gateway. As the interface between network and network, network and the real world, gateway is like a bank counter, which converts your currency into a series of numbers in your account

what happens in ripple is just like the reality. When you change 100 RMB into FCY issued by gateway a through gateway a, you will have an extra amount of 100fcy in your ripple account. You can transfer the 100fcy to a stranger through gateway a, such as Xiao Ming, Xiaoming can exchange the money into real-world RMB through gateway a. In the whole process, the relationship between creditor's rights and debt changes as follows:
1. You deposit 100 RMB into gateway a, and gateway a owes you 100 RMB and gives you a 100fcy IOU
2. You pass the IOU of 100fcy to Xiaoming through gateway A. at this time, gateway a no longer owes you money, but owes Xiaoming RMB 100, because the IOU is in Xiaoming's hands
3. Xiao Ming takes the IOU to go to gateway a to cash RMB 100

in the whole process, you and Xiao Ming only establish a trust relationship with gateway a, but you and Xiao Ming do not need to establish a trust relationship

what is XRP coin
what is XRP coin at the beginning? Its main function is to pay transaction costs

XRP is a kind of cryptocurrency embedded in ripple system. Unlike bitcoin, ripple issued 100 billion XRP coins at the beginning of its establishment, and the total amount is no longer increasing, that is to say, it has g up the mine ahead of time. Each transaction (for example, you transfer 100fcy to Xiaoming) requires a small amount of XRP currency, which is technically destroyed directly. At the same time, XRP coins are also used as margin. When you open a ripple account, you need to put 50 XRP coins in it as a guarantee

according to opencoin, the issuing and maintenance company of ripple, the first 100 billion XRP coins will be given to investors and founders, 50 billion will be distributed free of charge (that is, opening accounts for free for a period of time), and the other 30 billion will be held by opencoin, which will be sold from time to time to make profits. Opencoin also admits that holding and selling XRP coins is the only way to make a profit<

ripple's influence
at the beginning of ripple's birth, rumors abound. Many people claim that ripple is more in line with the operation mode of money flow in reality, and will replace bitcoin in the future

but in fact, it is too early to judge whether ripple system can succeed. As soon as ripple started to operate, many problems have been exposed, including that its security is not as good as the official propaganda

at the beginning, ripple itself is just a new currency circulation system or payment network, and the essence of XRP currency is the lubricant to assist the currency circulation in the system. If this system is successful one day, it will only have a positive impact on the circulation of bitcoin. To say that "Ripple can replace bitcoin" is actually equivalent to saying that "Alipay can replace the renminbi" is wrong: the former is the payment system, the latter is the currency, not the same thing, so there is no replaceability. The emergence of Alipay has facilitated the payment and flow of RMB. Similarly, if the Ripple system is successful, its role is only to facilitate the payment and circulation of legal tender and bitcoin.

editor on February 22, 2014
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the operation of not chasing new fans is not a good code farmer
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@ Feng Chiyu
only mentioned the scene of ripple when users and users pay, but ripple is far more than that. I add two points: trading system and automatic path search

through a gateway, you can deposit RMB, US dollars or virtual currencies, such as bitcoin and Leyte currency, into ripple wallet. And in this system, you can achieve any currency to buy or sell a single transaction. Trading here is better than trading platform. The transaction information of traditional trading platform is not open and opaque. In ripple, every order, cancellation and transaction record can be fully inquired. Through websocket interface, developers can also implement automatic trading program, and basically get real-time data in addition to network delay Network delay depends on the situation, the delay of using US server may be less than 0.1 second!) However, most of the traditional trading platforms have a certain cache time for the API interface. A few seconds of cache time may be fatal to the automatic trading program
with this trading market, ripple can realize a very advanced means of payment - automatic path search
to give a practical example, if I was a Chinese programmer working for a company in the United States, I might get us dollars through Western Union remittance or other ways before, and then I would go to the bank to exchange them for RMB. In the middle of this, the handling cost is relatively high. With ripple, I can do this now:
I trust a RMB gateway, such as ripplecn or ripplechina gateway, which is one of the best RMB gateways in China. Then American companies deposit bitcoin or US dollars through bitsmap gateway and send them to ripple. The service charge is only about 0.000012xrp, It is equivalent to about RMB 0.00000108. Then I will directly receive the CNY quota in the ripple system and withdraw it at the RMB gateway. The service charge for withdrawal is 3% for ripple CN gateway and 6% for ripple China gateway. It only takes a few seconds to complete the automatic exchange payment in ripple system
the full-automatic exchange in the payment step is the automatic path search of ripple, which is the essence of ripple system. Path automatic search relies on the above-mentioned hanging single transaction system. If the above American company deposits bitcoin, the system will complete the following calculation in a few seconds: query the amount of XRP after BTC / XRP exchange, and then the amount of CNY after XRP / CNY exchange. If there is a more appropriate path, such as BTC / USD - & gt; USD/XRP-> XRP / CNY, or BTC / USD - & gt; USD / CNY, the system will also automatically calculate and find the cheapest path for the sender to complete the exchange payment
once, I used ripplecn gateway CNY, and my friend only trusted ripplechina. He wanted me to give him 10 yuan, so I entered the sending interface to input 10 yuan, but the system showed that I only needed to send 9.9998 yuan. Because there is a price difference between the two gateways in the CNY / XRP trading market, the system automatically realizes the path search and provides me with the cheapest payment path
there will be many applications on ripple in the future, and ripple's second payment experience is excellent. If you have a ripple wallet, try clicking send in the wallet and the recipient enters it [email protected] perhaps [email protected] There will be a call fee and Q coin recharge interface, which is an application I made for ripple. You can use XRP, U.S. dollar, RMB, bitcoin and other currencies to purchase q-coin, and exchange it into RMB in seconds to complete the recharge request automatically
ripple is likely to go against the weather in the future. As for bitcoin? His role in the virtual currency instry is similar to that of legal currency, which is totally different from ripple's payment system<
editor on February 27, 2014
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ripple basic concept and principle, others have answered, simply speaking, it is a payment network, anyone can become a node of this network to issue currency and then circulate throughout the network. There are some innovations
but in the long run, it must grow faster than bitcoin, otherwise it is likely to lose in the competition, because at present, most of its functions can be realized in bitcoin network
from a technical point of view, because bitcoin has "dyeing" technology, anyone can issue currency, stocks, funds and so on by becoming a node on the bitcoin network. Assuming that the bitcoin is fully legalized, Alipay will turn 1 bitcoin "dyed" into the one and only special bitcoin that is unique and unforgery in the bitcoin network. Then it will promise the public that the stained coin can be exchanged for Alipay by 1 yuan. So the public can use Renminbi to exchange Alipay's "bit yuan" for consumption and payment. So these special bitcoins have what experts call "guarantee" or "anchor". As long as Alipay is credible, these "bit yuan" will always be valuable and can be used safely. At the same time, as bitcoin transactions are open throughout the network, everyone can see how much Alipay has issued "bit yuan", whether it has spammed money and oversold its own assets to guarantee the currency. So the only advantage of ripple in technology is that it can transfer money quickly. It doesn't need bitcoin to wait for dozens of minutes. But in the long run, bitcoin can speed up the transfer speed to a few minutes in the future through technical upgrading

2. In online games, legal tender is game currency. All transactions of game players in the game should be completed through game currency. The role of the game company is the equivalent of the government, or, to be more exaggerated, the equivalent of God

game companies can control the economy in the game by controlling the generation of game currency (the rate of losing treasure). So, are game companies really omnipotent? The answer is No. what do game companies fear most

it is the offline transaction of players. After the players meet, they trade in RMB. I will give you money and you will give me the best equipment. In this way, they can directly skip the monitoring of the game company and affect the economic balance of the whole game

this is the reason why many online games prohibit players from trading offline, and even the game props can't be given away at all, because they are afraid that RMB trading will damage the economic system in the game

when playing the game, all players understand that the money, gold coins, diamonds, gemstones and so on in the game are essentially fake money. What is real money? It's RMB

you can only use RMB to exchange the currency in the game. The currency in the game can never be converted into RMB

you only need to understand this logic, and then replace the game company with the government

you can easily understand the essence of bitcoin. Whether it's US dollar, pound sterling or RMB, it's all issued by governments, and the government is equivalent to a game company

as long as you survive in this country, all your transactions should be completed through legal tender. However, the emergence of bitcoin is equivalent to "player offline trading". You can bypass the government and freely switch property among various countries. In the logic of bitcoin, US dollar, pound sterling and RMB become fake currencies, while bitcoin becomes real currency

the reason why bitcoin can become a real currency is that it is non renewable. There are only 21 million bitcoins, which will disappear after digging. Bitcoin, like gold, is non renewable. Whether you believe it or not, at least its logic is self consistent

but the currencies of different countries are different. As long as the government feels that it is short of money and turns on the banknote printing machine, it will be able to run full power for printing

this leads to inflation. I don't need to say anything about inflation. Comparing prices 20 years ago, 10 years ago and today, I believe everyone has his own understanding of inflation. In China, it is self-evident how much house prices have soared in the past two decades

many people buy a house not because they don't have a house to live in, but to fight against inflation. Ten thousand yuan to buy financial procts, ten years later, it will become twenty thousand yuan; Ten thousand to buy a house of one square meter, ten years later, it will become 100000 yuan

"house" was essentially "real currency" and "hard currency" before the emergence of bitcoin. The rich buy a lot of real estate to fight against inflation, but the house also has its disadvantages: first, if you really commit a crime,

the house can't be taken in your pocket, and the government should check and seal it, so there are still many risks; Second, a large number of houses are often difficult to sell, and the transaction takes a long period of time; Third, even if the house is sold, a lot of cash can not be transferred overseas. The emergence of bitcoin just perfectly solves these problems

bitcoin is installed in the hard disk. As long as you remember the password, there will be no one to check where you get it, and someone can't seal it (unless you rob your hard disk). Any fixed assets, cash need time cycle, bitcoin do not use, this second order, the next second cash to the account. Transfer assets overseas

is that true? Bitcoin was designed to bypass the monitoring of the national government and transfer assets perfectly and efficiently. Why do most ordinary people think bitcoin is useless, or even can't think of any use? Very simply,

poverty limits our imagination. As a small white-collar who works hard and earns money all his life, what assets need to be transferred? Estate tax? What's more, it's ridiculous. When people die, they just kick their legs. They never think about the need to avoid taxes on inheritance, but it's different for the rich

suppose that the inheritance tax of a certain country is 50%. Once the rich man dies, his son can only get half of his assets. However, if the rich man changes all his assets into bitcoin and gives his son the password hard disk, he will perfectly inherit it, and the government will not be able to collect any tax

(of course, this is only an ideal situation. In fact, it may not be perfect for tax avoidance, but it is still very enlightening). In addition, for law-abiding citizens, there is no risk of bankruptcy and home hunting

but for some of the top rich, they may not care about the amount of assets, but they are very concerned about the safety of assets. It's acceptable for a rich man with a fortune of 1 billion to lose 500 million in business. But what if he was robbed of his family for some inconvenient reasons? He can't accept direct bankruptcy

at this time, if he holds bitcoin, he will never be bankrupt, and no one can his bitcoin. At least we can leave some capital to make a comeback, or leave a way for future generations“ "Asset security" is what the top rich care about most, not more money but less security. To say that bitcoin can fight inflation caused by the government's printing money indiscriminately is just a good cover at this stage

only those in real need can know the real value of bitcoin and figure out its essence The ancients said: Chunjiang water warm ck prophet) this is also the most perfect function of bitcoin, which is recognized by a group of rich and anxious rich people all over the world, who are no longer willing to be controlled by the government,

or have their own blemishes in all aspects. They have reached a consensus by using bitcoin to maintain the security of their own assets by holding bitcoin together

therefore, bitcoin was not designed for the poor at first. When all living beings can understand the purpose of bitcoin, the price will not be affordable to the poor

some common mistakes about bitcoin: Q: isn't bitcoin really a Ponzi scheme? A: bitcoin is not a Ponzi scheme. Ponzi scheme needs to use the money of later generations to supplement the investors in front, and it is in the shape of a pyramid

bitcoin can be bought and sold freely, with ups and downs. If you don't buy or sell bitcoin, you can maintain the original price, which is similar to stocks. A stock can drop 90%, or even drop to delisting, can you simply say that the stock is a fraud

Q: does it make sense that bitcoin consumes a lot of power? A: it takes a lot of manpower and material resources to dig gold. What's the significance of digging gold? The power consumption of bitcoin is the same as the essence of gold mining, which expresses the recognition of its monetary attribute and its value. Q: bitcoin has no government recognition, so it has no value

also has no monetary attribute. A: the original intention of bitcoin is to fight against the government. It doesn't care whether it is recognized by the government or not. In addition, if the government breaks its promise, the currency will also be a piece of waste paper, not to mention Zimbabwe's 100 billion banknotes, and Venezuela's currency devaluation,

in terms of the bad inflation of legal currency before the liberation of our country, it was only 60 years ago. Q: what is the difference between bitcoin and tulip bubble? A: tulips are not non renewable. If they are planted, they will grow. If they are planted more, they will depreciate. There is no way to store them for a long time and cash them in time

similar foam and walnut walnut, all kinds of high-grade wood, strange stones, Tibetan mastiff... These are a way, is a bubble. There are only 21 million bitcoins, which will only be less and less

Q: the principle of bitcoin is very simple and easy to . Will it still have value? A: the principle of religion is also very simple from the perspective of modern people<

but apart from the several religions in Jerusalem, which are regarded as orthodox, what other religions have world-class influence? In fact, it's not many. You can count three to five

will modern people recognize the creation of a religion? Orthodoxy matters. It takes a long time and energy to cultivate the market

bitcoin is orthodox, authentic, the loudest and brightest brand, and the rest are niche. Q: do you think bitcoin is absolutely safe? Will hackers one day blackout bitcoin all over the world

A: This is a question of raising bar. At least for now, bitcoin is logically self consistent

you have to say that someone has broken the bitcoin system. It's like asking, "what if the aliens invade the earth tomorrow?", This possibility also exists, no one can deny, but this assumption is meaningless

Q: will there be a behind the scenes and a big dealer in bitcoin? When it rises to a certain height, it will throw everyone away

A: it may exist, but I think the probability is similar to the probability that Freemasons manipulate the world. This article is not bitcoin soft text, I did not buy bitcoin, just a simple chat about my understanding of bitcoin

I didn't buy bitcoin, and I won't recommend it to anyone

bitcoin has a great risk. The hard disk may be damaged by material resources, may be lost, and may forget the password. This risk is really great

with bitcoin jumping up and down, ordinary people may not be able to stand this fluctuation. If you want to buy it, it is suggested to look at it in a cycle of one year, three years, five years or even ten years. We should have the height and attitude of "not afraid of clouds covering our eyes", otherwise don't touch it

the stable currency usdt is a token issued by tether company based on the stable value currency USD. Tether company strictly abides by the 1:1 reserve guarantee, that is, every usdt token issued, its bank account will have a capital guarantee of USD, and users can exchange USD and TEDA at any time

1usdt = US $1, users can query funds on the tether platform to ensure transparency

use of usdt? Usdt can be said to be the intermediary carrier between digital currency and US dollar legal currency. Why do you say that? For novices, everyone is confused when they first enter the market,

buy usdt with legal currency, and then buy BTC, ETH or other currencies with usdt after a series of observation. Does this process seem familiar? There are also many contract exchanges that use usdt as contract margin

more stable currency to mainstream currency contract trading pairs appear in the options section of big exchanges. As a stable currency, its "stable" nature is reflected in the price and the consensus value it brings to us

of course, there is a price difference between inside and outside the court, let alone digital currency. So in addition to trading different digital currencies, you can also move bricks arbitrage! Brick arbitrage refers to the same commodity in different markets, there will always be different prices

as digital currency is a global asset, it is impossible for many exchanges and OTC trading platforms to have the same price at the same time

the price gap here is very small

3. What is 58coin and where is the comprehensive introction of 58coin? I believe you are most concerned about the above two issues after the continuous rise of 58coin's subscription volume and the continuous decline of the winning rate. Next, we will bring you a comprehensive introction of 58coin and discuss with you why 58coin's transaction is so hot
by the end of the issue, the total amount of 58b purchase has exceeded 100 million, and the price of a 58b is 6.55 UCC (1ucc = 1cny), that is to say, converted into RMB, the purchase amount has exceeded 600 million. 58coin official said that it will continue to follow the announcement to avoid the phenomenon of large private market, so as to let more investors participate in it fairly and openly to obtain shares, while constructive opinions from users will still be taken into consideration
at present, it is relatively recognized that platform currency has more investment value than other Shanzhai currencies, mainly based on the following three considerations: first, the trading platform has profit guarantee; Second, preferential policies for investors; Third, investors form a consensus on investment
Where does 58coin come from? Behind the popularity comes the attention to the background and advantages of the platform
it is understood that 58coin, founded in the UK in November 2017, is a one-stop blockchain integrated service platform. It holds the top ten mines in the world and provides currency transactions, 100 times perpetual contract transactions, cloud computing power transactions, etc. for global digital currency asset users. At present, it has set up offices in Japan, New Zealand and Hong Kong
in short, it is an exchange that has carried out global strategic layout and full cycle ecological layout of digital assets. The careful commercial layout behind it and its ambition to be a leader in the instry can be seen< The exclusive advantages of 58coin are as follows:
first, it has strong financial strength and holds the top ten mines in the world. It's rumored that thousands of BTCs were bought last year alone. In addition, the share of ore pools also ranked top
2. The platform promises that currency transaction and legal currency OTC transaction are free of transaction fees. Such a unique move will undoubtedly attract more investors and further expand the market depth
thirdly, 100 times sustainable contract has become a timely rain for the instry. Recently, fixed-point position explosion events have occurred frequently on some platforms, and investors have also seen the trickiness. At this time, the instry needs a conscience platform to guide the positive development of the instry. It's time to refuse the artificial fixed-point position explosion and the 58coin 100 times perpetual contract to spread losses; Just yesterday, 58coin added a number of lever multiples: 2 times, 3 times, 5 times, 10 times, 20 times, 33 times, 50 times. Meanwhile, it added some closing positions functions and strong warning SMS reminders. This gives contract players with different risk preferences more operation space and more ways to play
at present, this blockbuster proct has a good performance: in only eight days since the launch of btc100 times perpetual contract, there are nearly 10000 BTC transactions; The eos100 times perpetual contract was only on line for 3 days, and the transaction volume in half a day reached 3 times of the peak. It is said that some people have already operated from 2.5 EOS to 113 EOS through this business, making profits more than 40 times, which is hard for investors to resist< Fourth, the service ecology is more complete. Behind the 100 times sustainable contract, 58coin has a more perfect digital asset service system. Many old users of 58coin said that they started with cloud computing power at first, and then improved the legal currency OTC, currency trading, leverage trading, financing currency, and sustainable contract one by one. With the rapid development of the platform and enough attention to the interests of investors, Let many users long-term optimistic about 58coin, while long-term holding 58b
under the extreme market on May 21, 58coin did not show a strong flat in a large area. 58b made three major commitments: buy back when it fell by 10%, weekly profit included in margin, and open operation. 58coin's repurchase commitment attracted media attention. At the time of 58b's birth, many investors recognized the investment value of 58b
new things are always doubted. In the face of doubt, 58coin officials have made three promises: first, if the price of 58b currency drops by 10%, the platform will contribute to buy back, which is the first time in the currency circle; 2、 The company will convert 50% of the weekly profit into 58b, which will be included in the platform margin. The margin will be used for insurance fund of contract transaction, commission return, etc; 3、 With seven days as the cycle, announce the operation situation, including profits, and fully achieve openness and transparency
according to relevant people, 58coin dare to make such a commitment, on the one hand, it is fully confident of its own strength, on the other hand, it is to protect the interests of investors.

4. Current ore price: 2.27 yuan
fast currency price: 0.95 yuan
current number of ore pools: 10000000kg
current mined ore: 14587586.642358
current mined rate: 14.59%
current difficulty: 32.814 g = 1 ore
mining time of one lump: 18 hours, 40 minutes and 03 seconds
mining time of one lump: 0.05 lump
daily Mining: 1.2 lump
daily fast currency: 2.72
daily RMB: 2.58 yuan < br />Monthly RMB: 77.52 yuan
monthly mineable: 36 lumps
annual mineable: 438 lumps
annual RMB: 943.16 yuan

this is the approximate data. You must be less than this in one day, because personal computers are not as stable as servers. You can change QB first, Taobao first, and then people's currency

5. The prediction of Qube exchange is as follows: in addition to its own infrastructure (wallet, trading center, mine pool, mining machine and mine), the current application of bitcoin has only one payment, and the application field of payment is very small. If the currency price rises sharply, the service charge also rises sharply, so it can be expected that the payment application will shrink. Only when bitcoin is accepted as reserve currency can its application be carried out on a large scale. At present, mainstream governments and mainstream banks are strongly resisting bitcoin, which may not exist. Bitcoin has a long way to go from a speculative tool to a world currency. First of all, it has to become a mainstream currency in a country or region (such as Zimbabwe, which gave up its own currency), and then graally blossoms in more countries, and then enters a big country before it can become a reserve currency. The process is measured in 10 years. Or because of special reasons, a global currency crisis broke out and bitcoin took advantage of it, which made it even harder to predict the time. When the commodity prices are low and China's economy stalls, it will inevitably lead to the restructuring of the world economic structure. In the process of restructuring, there will be huge transnational capital flows, and the countries with money outflow will find ways to prevent the outflow of money, which provides a stage for bitcoin. China's economy has stalled in 2016, but the banknote printing machine has not stopped, and it is likely to intensify. Over the past decade, China has been a global investment center. Once the economy stalls, capital naturally has to seek opportunities elsewhere, which constitutes the pressure of money outflow. We should start to strictly control the outflow of foreign exchange reserves. Bitcoin, as a medium of free exchange of foreign exchange, will naturally be used by more people. If there is no accident, bitcoin will exceed RMB 100000 by the end of 2019. Qube exchange is a specialized platform for data analysis and quantification. I hope it can help you.