Trade Mining
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 />
trading mining online time: June 2018
Project Introction: bit-z, founded in Hong Kong in 2016, provides digital asset trading and OTC (over-the-counter trading) services
dividend method: "transaction mining". Users who participate in the transaction can get a refund of service charge (in the form of equivalent BZ, and need to complete three-level certification); Each phase of 10 million BZ will be released step by step, and each phase of 10 million BZ will automatically enter the next phase. The return ratio of each period will decrease by 3%
total number of tokens issued: 1.2 billion BZ.
the state has issued policies to prohibit domestic trading of all virtual currencies. So what you said is a scam to cheat you into the pit
today's bitcoin has long lost its glory and its price has fallen sharply. The bubble of digital money is broken.
"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)
1. Coinbene
country: Singapore
Mining instructions: CONI is issued by the global high-quality digital asset trading platform coinbene in full currency, with a total issue of 1 billion and guaranteed never to be added. Coinbene provides an online service (platform), which allows users to exchange different block link codes with each other. 100% of the platform revenue is converted into eth (converted according to the hourly closing price of ETH) and returned at 3pm the next day. Special line discount of transaction service charge: users holding CONI will enjoy special discount of service charge. The more they hold, the greater the discount. They can enjoy 30% discount at most
2. Fcoin
country: U.S.
Mining Description: fcoin is the first digital asset trading platform with transparent assets in the world, which will distribute 80% of the platform's income to FT holders regularly. Ft (fcoin token) is a token issued by fcoin trading platform, which is the representative of all rights and interests of the trading platform. The issuance of FT is based on the principle of "trading is mining", with an upper limit of 10 billion and will never increase“ The specific way of the "transaction is mining" indivial transaction fee return mechanism is: from 0 o'clock every day (GMT + 8, the same below), the transaction fee generated by the user will be converted into ft for accumulation every hour, and the conversion price is calculated according to the average price of FT in that hour (the average price is calculated as the total transaction amount / total trading volume). Return once an hour, return the mining output 24 hours ago and in the same hour interval. For example, in the interval of 7:00-8:00 one day, the return is the mining output in the interval of 7:00-8:00 the previous day
3, bit-z
country: U.S.
Mining instructions: voting method is adopted to realize currency loading, mining generates BZ in real time, and settlement is returned every 60 minutes. The commission fee will be reced by 3% for every 10 million mines“ Users who participate in the transaction can get a refund of service charge (in the form of equivalent BZ, and need to complete three-level certification); Each phase of 10 million BZ will be released step by step, and each phase of 10 million BZ will automatically enter the next phase. The return ratio of each period will decrease by 3%; At the same time, the platform promotes the opening of BZ transactions according to the mining capacity of the whole network; BZ shall return the service charge according to the formula in "2" before opening the transaction, and 100% of BZ real-time price after opening the transaction; Price calculation: before opening Trading: 1bz = 0.158 usdt, 1bz = 1dkkt, 1bz = (0.158 / BTC price of the whole network) BTC opening; After trading: real time price calculation
Mining instructions: the total amount of bigo coins is 25050000, which adopts destruction mechanism and dividend mechanism, and will never be issued. The only way to obtain bigo currency is for users of the currency exchange to obtain it through mining or online trading. Mining: it refers to the user's transaction on Hong Kong currency Pavilion platform (all currencies except bige currency and bigo currency), namely "transaction mining"“ Miners (users) increase the total trading volume of the platform through trading, and the trading system automatically drops bigo coins to miners as mining rewards U-coincountry: Australia
Mining instructions: Au is based on erc20 contract tokens, with a total issue of 5 billion, and will never be issued. All Au are frozen and need to be thawed by mining, 50% of which is released by trading mining. AU's "mining" is realized in the form of indivial transaction dividends. The specific calculation method is as follows: daily income of the miner = daily transaction handling charge / Au currency price of the day * dynamic transaction mining Commission. The "daily transaction handling charge" refers to the total handling charge generated by the miner's daily transaction in the Au trading area of u Network in Australia“ "Current day Au currency price" refers to the daily average price of Au currency on Australian u-net platform“ "Dynamic transaction mining rebate" means that the platform will refund 100% to 200% of the total transaction fees of the Au trading area on the same day according to the total mining quantity and currency price on the same day
there are more than a dozen other companies. There are too many words to post. Let's see for ourselves
continuous update: trade is mining! The most complete list of mining exchanges in history
bitcoin system is composed of users (users control the wallet through the key), transactions (transactions will be broadcast to the whole bitcoin network) and miners (a blockchain is generated by competitive computing to reach a consensus at each node, and the blockchain is a distributed public authoritative account book, including all transactions in the bitcoin network)
mining is a process of increasing bitcoin money supply. Mining also protects the security of the bitcoin system, prevents fraulent transactions, and avoids "double payment", which means spending the same bitcoin multiple times. Miners offer algorithms for bitcoin networks in exchange for the opportunity to get bitcoin rewards. The miners verify each new transaction and record it in the general ledger. Every 10 minutes, a new block will be "mined", and each block contains all the transactions from the generation of the previous block to the present, which are added to the blockchain in turn. We call the transactions included in the block and added to the blockchain "confirmed" transactions. After the transaction is "confirmed", the new owner can spend the bitcoin he gets in the transaction
there are two types of rewards for miners in the process of Mining: the new currency reward for creating a new block, and the transaction fee for the transaction contained in the block. In order to get these rewards, miners compete to complete a mathematical problem based on encrypted hash algorithm, that is, to use bitcoin mining machine to calculate the hash algorithm. This requires strong computing power, how much the calculation process is, and whether the calculation results are good or bad. As the proof of miners' calculation workload, it is called "workload proof". The competition mechanism of the algorithm and the mechanism that the winner has the right to record transactions on the blockchain ensure the security of bitcoin
miners also get transaction fees. Each transaction may contain a transaction fee, which is the difference between the input and output of each transaction. A miner who successfully "digs" a new block in the process of mining can get all the transaction "tips" contained in the block. With the decrease of mining reward and the increase of the number of transactions in each block, the proportion of transaction fee in miners' income will graally increase. After 2140, all miners' earnings will be made up of transaction fees
mining is a process of decentralizing settlement, in which each settlement verifies and settles the processed transaction. Mining protects the security of bitcoin system, and achieves the consensus of the whole bitcoin network without a central organization. The invention of mining makes bitcoin very special. This decentralized security mechanism is the basis of point-to-point e-money. The reward and transaction fee for casting new coins are a kind of incentive mechanism, which can regulate miners' behavior and network security, and at the same time complete the currency issuance of bitcoin.
(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.