What does cloud mining contract mean

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.

Mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system

bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes

then the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer

extended data:

to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network

if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes

by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />

3. Cloud computing power is that the mine divides the mining machine into a smaller computing power contract according to the computing power, and agrees on different service life. Users purchase this computing power contract for mining. Whether the cloud computing platform is reliable depends on whether there are real mining machines in the mine, which can be investigated.

4. Cloud mining is usually a large-scale mine. According to the calculation power, its self purchased ore implements are divided into a smaller calculation power contract, and different service periods are agreed. The contract of selling calculation power in this way is called calculation power contract. Users can mine through the purchase calculation power contract, thus avoiding the trouble of self purchased ore machines and self built mines.

5. The reason for computing power contract is that bitcoin mining has become more and more professional, and mining has higher and higher requirements on site and technology. Personal mining has become no longer relaxed and pleasant
therefore, computing power trading platforms like 58hash emerge as the times require. Users only need to purchase computing power, trust computing power to the computing power trading platform, pay a certain maintenance fee, and the computing power hosting platform will uniformly maintain the mining machines, and issue the extracted bitcoin to users on time.

6. Cloud mining is an investment project that any country can do. It is to mine bitcoin and other virtual currencies through real mining machines, and increase the computing power by recharging. The higher the computing power, the faster the bitcoin mining speed, and then the platform and users share the profits equally. How much do you invest? You can get about 30% profit in a month. I invest in CLD cloud mining
the details can be found in the space

7. This requires your own judgment, and the standard of judgment is for your reference:
Article 7 of the regulations on the prohibition of pyramid selling clearly stipulates that the following acts are pyramid selling acts:
(1) organizers or operators, through the development personnel, require the development personnel to develop other personnel to join, To calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developing personnel based on the number of the personnel they have directly or indirectly developed in a rolling way, so as to seek illegal benefits
(2) the organizer or business operator, through the developer, requires the developed person to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.

8. I think it's very good, but it's better to experience it in person. The service charge seems to be lower than that of other exchanges, and the platform also gives fmex to trade and sell.

9.

In fact, the mining calculation of bitcoin is to do math problems together. The problem stem is the transaction that needs to be recorded. By doing the problem, everyone grabs the bookkeeping right, and the miners can get system rewards and transaction fees. The feature of sha256 algorithm used in bitcoin is that it is easy to verify the known answers correctly, but it is very troublesome to get the answers, and it needs to try one by one. The miner who got the answer first was recognized by everyone as having snatched the right to keep accounts, and the reward was given to him. Let's continue to grab the bookkeeping right of the next question. In short, the significance of these calculations is only to ensure the stability and safety of the whole system, and there is no more significance

it is not comprehensive to regard bitcoin as a by-proct of computing. The generation and issuance of bitcoin, all the transactions and circulation in the bitcoin chain, and the stability of the bitcoin system are the purpose of computing and are integrated. Of course, in addition to maintaining the system, it does not proce other value and procts. This is also a black spot where bitcoin is accused of not being environmentally friendly and wasting resources. In general, bitcoin, as a milestone blockchain digital currency, is e to the huge value of a large amount of computing power investment and user trust. There is no doubt about that

10. Hello, 58coin will deploy mining machines instead of us, that is, mining with graphics card, and distributing revenue every day according to the contract share we signed!