Benefits of mine ponds

1. I think computing power bee is very reliable. For cloud computing power providers, they can lock in the revenue in advance and share the cost equally; For the users of purchasing power contract for cloud mining, it can avoid the tedious steps of traditional mining, such as pool location, miner setting, miner cooling and noise removal. At the same time, compared with family mining, users can pay less electricity and maintenance costs.

2. Fire coin network is the domestic bitcoin trading platform

3.

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

4. At present, with the increase in the number of people mining in various currencies, the difficulty is also increasing. If you mine with a single computer, the possibility of digging out a block is relatively small. Take BTC for example, it is very likely that you will find one in half a year; If you connect your own miner to the mine pool, you can ensure that you have a basic income every day, which is relatively stable for miners. The premise is to select a suitable ore pool according to different currencies. Generally speaking, the current mining pools: ant mining pool, fish mining pool, coin printing mining pool, viabtc, flypool are all pretty good

5. How to choose mine pool

ore pool cost

at present, the allocation modes of ore pool mainly include PPS, PPS +, FPPS, PPLNs and solo mode

in the corresponding allocation method, the mine pool charges part of the income of the miners at a certain rate as the mine pool fee

PPS: the income is stable. As long as the mining machine works normally, there will be income. The income is related to the submitted workload, and has nothing to do with the lucky value of the ore pool and the transaction fee

PPS + (pay per share plus) settlement method is an improvement on the traditional PPS settlement method. Based on the traditional PPS settlement method, the distribution of miners' fees is increased

FPPS: full PPS, which allocates all block income including transaction fees. Compared with the traditional PPS settlement mode (no transaction fee allocation), it can increase the income by 10% - 20%

under the PPLNs (pay per last n shares) settlement mode, every effective block found in the ore pool is allocated according to the proportion of user computing power in the pool computing power in the past n difficulty cycles. In this way, the income of miners is related to the output of ore pool. The income of miners is unstable, but the long-term average income is higher

in solo settlement mode, all the income is distributed to the miners who dig out the block, and other miners do not participate in the distribution. The mine pool charges very little handling charge, which is used for the operation and maintenance of the mine pool< How to choose a mine pool:

1< Secondly, choose your distribution mode, pursue stability or high income. It is generally recommended to choose PPS or PPLNs of large ore pool< Finally, according to the distribution mode, select the supported ore pool, and choose the one with fast connection speed and good income

4. In addition, 1-2 spare ore pools are selected for emergency use.

6. Joining the pool alliance has two advantages for miners: one is that miners can get stable mining income; the other is that miners only need to be responsible for hash operation, and other things are handled by the pool, which improves the mining efficiency. In other words, by adding a large proportion of computing power in the mine pool collection network, it is far more likely and less risky for miners to obtain block rewards alone.

7. The miner is used to dig money, and the mine pool is used to deposit money

8. Recently, DF mine pool has been really popular, because "IPFs mining" was launched as soon as it came up. IPFs has always been super popular, and it has high expectations in the future
moreover, DF mine has reached a full range of cooperation with filsky mine, the champion node of filecoin, which can be said to have a real mining machine mine center.

9. OK mine was officially put into operation in October 2018. We will continue to improve the overall safety and stability of the mine pool, simplify the operation difficulty of mining machine management, improve the overall user experience, and provide intimate human customer service, so as to effectively solve various problems encountered by users in the process of using the mine pool.

10. 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