Mining skills of platform currency handling charge
secure payment. Qwc has no pre excavation and ICO, and adopts cryptonight algorithm (supporting mainstream mining machine X3 and A8 +) POW mining.
however, some Shanzhai coins are purely tools for developers and users to earn money. There are two main ways to make money by using virtual coins: one is mining. For example, if you want to obtain bitcoin, you must use a professional ASIC miner to mine (Avalon miner), and the bitcoin obtained from mining can be traded on the trading platform; The other is trading on the trading platform and making money by using the price difference
"Transaction is mining" is a typical platform operation mode. Users mine through transactions. Some platforms will issue their own tokens as rewards for users' trading behavior
Relevant introction:in June 2018, the cryptocurrency exchange fcoin put forward the concept of "trading is mining", and in a short period of time, the daily trading volume rose to the first in the world, triggering a war between exchanges
"transaction is mining" is actually a return mechanism of personal transaction fees based on platform currency. Strictly speaking, there were similar playing methods before the establishment of fcoin. For example, bibox had a mechanism to return a certain proportion of fee income to platform currency holders
extended data
fcoin's "transaction is mining" is repackaged. Following the allocation rules of bitcoin mining, 51% of platform currency ft is taken as the mining reward pool. Through "mining (trading on fcoin)", FT is graally unlocked. Once 51% of FT is fully fed back, "mining" is automatically terminated
in terms of specific implementation, fcoin trading means mining starts at 0 o'clock every day (GMT + 8), and the transaction fees generated by users will be converted into ft for accumulation every hour. The conversion price is calculated according to the average price of FT in that hour (the average price is calculated as total transaction amount / total trading volume)
it is recommended that you contact the customer service of fire coin. If the amount involved is large, you can ask a lawyer to make it clear and call the police. Thank you very much for your patience. If you have any help, please accept it. I wish you a happy life! thank you!
(1) bitcoin has the natural feature of "exchange", and investors can realize the exit of RMB funds through "exchange currency". The so-called "currency exchange" refers to the transfer of bitcoin from one trading platform to another, and then sell and obtain foreign exchange through this platform
(2) at present, the three major bitcoin trading platforms in China all provide "currency exchange" services. As long as investors submit an application for "exchange currency" to the platform, and the receiver confirms the acceptance, it will take as fast as 10 minutes and as slow as 1-2 hours. Without the approval of regulatory authorities or financial institutions, bitcoin can reach overseas bitcoin platforms across national boundaries
(3) then, investors can sell bitcoin on the overseas bitcoin platform to obtain US dollar, euro and other funds and withdraw cash.