Profit point of pow mine pool
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
POW: full name of proof of work
pos: proof of stake
both of them are the consensus mechanism of blockchain and the bookkeeping method of digital currency
the difference is:
1. POW mechanism: workload proof mechanism, that is, the proof of workload, is the requirement that must be met when generating a new transaction information (that is, a new block) to be added to the blockchain. In the blockchain network based on workload proof mechanism, the ability of nodes to obtain the correct numerical solution to generate blocks by calculating the numerical solution of random hash hash is the specific performance of node computing power
POS mechanism: the proof of rights and interests requires the certifier to provide a certain amount of ownership of cryptocurrency. The operation mode of the proof of rights and interests mechanism is that when creating a new block, the miners need to create a "currency right" transaction, and the transaction will send some coins to the miners themselves according to the preset proportion. According to the proportion and time of token owned by each node, the equity proof mechanism reces the mining difficulty of nodes proportionally according to the algorithm, so as to speed up the speed of searching for random numbersextended materials:
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
1. Now a JPM can be exchanged for one yuan RMB, which can be exchanged at 100 yuan! Also in the Morgan currency (JPM) shopping mall
2. In the future, bitcoin can be traded in the international market and consumed in the ground market, just like today's bitcoin can buy buildings, cars, mobile phones, computers, meals and so on in dozens of countries around the world
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can jpmcoin make money? Where does the money come from
there are two sources of jpmcoin money:
1. Static Revenue: from the daily proction capacity of cloud mining machine! Each cloud miner proces 10 gold coins a day, and each coin is currently equal to one yuan RMB! Over 100 yuan can be converted into RMB
2. Dynamic Income: money comes from the market! Just like you open a restaurant, if no one comes to eat every day, the restaurant you open will have to wait to close down and make no money! Now open a hotel also need to do marketing and marketing! Jpmcoin belongs to Internet Finance! Finance is not played by one person, but by a group of people. The more people play, the more valuable it is
to register a new member, 120 gold coins is equal to 120 yuan, which is just a recommendation award
the real money maker of jpmcoin is the leadership award! What is leadership award? If your registered member is static, then you can take 10% of all his cloud miner's daily mint. If this person has the ability to do market dynamics, then you can take 10% of all his team's market and all his cloud miner's proction capacity, and take 10 generations of depth and width< How do you understand generation 1-10?
multiple compound interest financing with Morgan money:
dynamic leadership award 10% everyone gets the leadership award of generation 10, The dynamic income is frightening
1 recommendation 10
10 recommendation 100
100 recommendation 1000
1000 recommendation 10000
10000 recommendation 100000
100000 recommendation 1000000
to the 10th generation, you can get 1000000000 people's Leadership Award, 1 yuan per person per day. We open the front row, 10 people per generation, whoa, whoa, whoa, it's frightening to double the number, although each person has only 1 yuan. This is the reason why people who have the ability to do the market
Dynamic 3-6 months later have a daily income of 10000-20000 yuan.