How does yfi mine

1. Because indivial mining is difficult to meet the demand, the global computing power is increasing, and it is difficult for a single device or a small amount of computing power to dig bitcoin again. It is also a combination of a large number of mining machines to form a mine pool. The computing power of the mine pool is very powerful, and it can also ensure that virtual currency can be g more quickly. So how can the mine pool dig? Let's have a look
how to mine a mine pool
the location of a mine pool is also very particular. It's not that a mine pool can be built anywhere, but it needs early-stage capital investment. A mine pool is to combine a single mining machine together. Because of the collection of many miners' computing power, the computing power of the mine pool accounts for a large proportion, and the probability of digging bitcoin is higher. The mine pool will distribute rewards according to the contribution value of each equipment
there are many mines all over the world, and the scale of each mine varies from big to small. Generally, small mines no longer have great advantages. Large mines have many miners for mining. For each miner, he can join any mine or join multiple mines at the same time, The first task of the mine pool is to distribute the income to the miners
(1) PPLNs method
this method gathers the shares g by all miners together. Whenever a certain amount of shares is accumulated (generally 30 million shares), the mine pool will allocate the profits of the previous stage to the miners according to the proportion of contribution
in this way, the income of miners depends entirely on the time needed to dig 30 million shares in the mine pool. If you are lucky, you can dig them in a short time, then the income of miners will be more, otherwise it will be less. In return, the pool charges a 3% tax
(2) PPS mode
for users, the income of this mode is relatively stable
the profit mainly depends on the miner's mining speed. As long as the mining speed is stable, the corresponding profit can be obtained, and the profit is real-time, that is, the mine pool will pay the profit for the miner while the miner is running
obviously, every time a block is calculated, the mine pool has paid for all the miners. If the block fails in the subsequent confirmation link, all the losses will be paid by the pool operator. Therefore, this method reces the risk of the miners, but transfers the risk to the pool operator
therefore, usually the ore pool can charge a handling fee to make up for the possible losses caused by these risks. In this mode, the tax of the ore pool is 7.5%
the above is about how to mine. The difficulty of mining has greatly increased, but the mining army is expanding. If the basic equipment does not meet the standard, it will be difficult to gain in the mining instry, because the value of the virtual currency may not be equal to the price of an equipment, and many miners are not just digging bitcoin, Instead, we choose other virtual currencies to mine.

2. Just download a gpu360 miner
common computer mining methods:
1. Download and install gpu360 miner
2. The software will be set to boot, it is recommended to boot. Because it has a very human function, when you don't use the computer, it will automatically mine, when you use it, it will stop instantly, it will not affect the normal work and use
3. After the software is started, change it to your own mobile phone number. After the software starts, there are three setting options:
4. The first time you start mining, you will test the equipment, and it will test your best mining scheme. It usually takes about ten minutes
5. After testing, it will automatically enter the mining state
6. Click stop and close to minimize to the tray, so that when you don't use the computer, it will automatically open to make money
right click the icon to shut down the software completely
7. Bitcoin earned can be exchanged directly in online stores.

3. Qwertycoin, which has been popular recently, was built by the geek team in Germany for 18 months. It is a secure anonymous coin that focuses on privacy and is used for global
secure payment. Qwc has no pre excavation and ICO, and adopts cryptonight algorithm (supporting mainstream mining machine X3 and A8 +) POW mining.

4. The mining of virtual currency is a process of using computer hardware to do mathematical calculation for virtual currency network to confirm transactions and improve security. As a reward for their service, miners can get the Commission included in the transaction they confirm, as well as the newly created virtual currency. Mining is a professional and competitive market. The bonus is divided according to the amount of calculation
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

5. Go to bitcontinent and see, ant miner is more reliable. If your electricity bill is cheap enough, it's OK to use outdated mining machine. Regardless of the electricity bill, and because the old mining machine is cheap, you can get back the cost quickly. A new miner costs thousands of yuan, which is nothing. Old miner, cheaper.

7. You can get the mining license if you make a single above level 28, and you can get the mining license if you form a team to brush the ordinary and difficult copies. Then go to bashiling to find achun and do the dirty mine cave task. After completing the task, you can get the ore. you can also invest in the mine, and you can also get the ore. thank you for adopting

8.

Yfi is the token of year.finance. Year.finance is an aggregator for mobile mining (hereinafter referred to as "yfi" for ease of reading). There are compound, AAVE, lend, curve and other ore pools in the market. Due to information asymmetry and other factors, there is a huge difference in the rate of return between these ore pools. Users can automatically access high-yield ore pools through yfi platform to maximize mining income

on July 17, 2020, yfi announced on twitter that its official website was officially launched to start liquidity mining. Yfi launched four ore pools in the first batch, and users can participate in mining by providing affordability in balaner, with the highest annual income of more than 700%. Due to the super high yield, yfi has attracted a large number of users to participate. In just a few days, the amount of locked positions exceeded 100 million US dollars

extended information:

yfi issued 30000 pieces in total, the team had no reservation, no private placement, no public offering, and all of them were proced by mining. In other words, yfi issued only a limited amount, and all yfi participants were in the same line. It is a completely decentralized cryptocurrency, which is very similar to bitcoin. Therefore, as soon as yfi went online, it encountered crazy speculation

on July 17, 2020, yfi liquidity mining price is only 3 US dollars; The next day, yfi soared to $400

on August 20, 2020, the price of yfi exceeded US $13000 for the first time, surpassing bitcoin and becoming the new "king of money"

9. Volcanoes only appear in the very back of the earth.
in the early stage, mines are also needed.
it takes a lot of mines to make some equipment and weapons