What is bitstock mining for
Publish: 2021-03-27 18:41:56
1.
bitcoin is actually a virtual currency. When bitcoin first appeared, if you want to get bitcoin, you have to get bitcoin through mining. Therefore, bitcoin mining appeared. But bitcoin mining is more and more difficult, so it is very difficult to get bitcoin now
so now many people use Haru miner digs Ethereum, Monroe and other virtual coins. Most importantly, BTC can be directly equivalent in the end
2.
1. Enter the game and choose a place at will
3. Bitstock is an open source distributed trading system that supports valuable physical objects such as virtual currency, legal currency and precious metals. The system can mainly provide a solution of decentralized exchange. Let everyone be an exchange. The system is launched by Invictus
dividend, a part of mining reward and transaction cost, is distributed according to the proportion of the number of bitstocks owned to the number of existing bitstocks
bitasset is a kind of asset with collateral, which is supported by bitshares with a margin ratio of 1.5 to 2 times or higher. It has all replaceable, divisible and transferable assets of bitshares and can obtain dividends. All dividends are generated by collateral and paid in the form of bitshares
margin: an asset whose value exceeds the current market value of a bit asset as a support
bitusd, a kind of asset supported by bitstocks, whose value is highly related to the value of US dollar through self imposed market feedback mechanism
bit x (bitx) - a general way to name bit assets, which is based on the self imposed market feedback mechanism and is related to the realized value of the assets associated with it (such as bitgold, bitapple, etc.)
blockchain: a global synchronous, block structured and orderly trading account
output: the balance of the trading account that is limited to how it will be used under specific conditions
transaction: matching a group of unmatched output orders with another group of unmatched output orders under the condition of meeting the output matching conditions and other block chain rules.
dividend, a part of mining reward and transaction cost, is distributed according to the proportion of the number of bitstocks owned to the number of existing bitstocks
bitasset is a kind of asset with collateral, which is supported by bitshares with a margin ratio of 1.5 to 2 times or higher. It has all replaceable, divisible and transferable assets of bitshares and can obtain dividends. All dividends are generated by collateral and paid in the form of bitshares
margin: an asset whose value exceeds the current market value of a bit asset as a support
bitusd, a kind of asset supported by bitstocks, whose value is highly related to the value of US dollar through self imposed market feedback mechanism
bit x (bitx) - a general way to name bit assets, which is based on the self imposed market feedback mechanism and is related to the realized value of the assets associated with it (such as bitgold, bitapple, etc.)
blockchain: a global synchronous, block structured and orderly trading account
output: the balance of the trading account that is limited to how it will be used under specific conditions
transaction: matching a group of unmatched output orders with another group of unmatched output orders under the condition of meeting the output matching conditions and other block chain rules.
4. Blockchain technology has been applied in the field of electronic contract for a long time
as early as 2016, the third party E-contract platform law was based on the blockchain technology and implemented the legal chain deposit platform and alimail deposit business. Users can synchronously save the characteristic data (including hash value) of important e-mail to an authoritative third party organization; Once there is a dispute, users can download the full text of the e-mail by themselves, and then send it to the judicial authentication institution to compare the original e-mail feature data with the previous certificate data, and then generate the corresponding certificate issuing authentication report. According to the report, users can effectively safeguard their legitimate rights and interests.
as early as 2016, the third party E-contract platform law was based on the blockchain technology and implemented the legal chain deposit platform and alimail deposit business. Users can synchronously save the characteristic data (including hash value) of important e-mail to an authoritative third party organization; Once there is a dispute, users can download the full text of the e-mail by themselves, and then send it to the judicial authentication institution to compare the original e-mail feature data with the previous certificate data, and then generate the corresponding certificate issuing authentication report. According to the report, users can effectively safeguard their legitimate rights and interests.
5.
Blockchain + E-contract + 5g complement each other and give full play to their respective advantages. The effective integration of 5g and blockchain will provide more efficient, safe and fast service experience of E-contract
"blockchain + electronic contract", based on blockchain technology, we can provide users with electronic signature, electronic contract management, blockchain evidence preservation and other services
compared with 4G, 5g has the characteristics of higher transmission rate, less communication delay and wider network coverage, which can effectively improve the operation efficiency of the blockchain and make the data under the chain transmit faster in the wireless environment. The characteristics of blockchain, such as decentralization, tamper proof and encryption security, can solve the problems of privacy, security and trust existing in 5g, and improve the network information security and service efficiency
through blockchain, electronic contract and 5g technology, we will help the safe and healthy development of digital society and economy, and help enterprises establish a credible intelligent contract platform
6. Bitcoin was originally a kind of network virtual currency, similar to Tencent's q-coin, but it has been able to buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
in 2013, the US government recognized the legal status of bitcoin, which led to a sharp rise in the price of bitcoin. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan
starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique. In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million
to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start. After completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to paste the address to others, and you can pay through the same client. After installing the bitcoin client, it will distribute a private key and a public key. You need to back up your wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost.
in 2013, the US government recognized the legal status of bitcoin, which led to a sharp rise in the price of bitcoin. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan
starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique. In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million
to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start. After completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to paste the address to others, and you can pay through the same client. After installing the bitcoin client, it will distribute a private key and a public key. You need to back up your wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost.
7. Please specify your server parameters and desktop workstation parameters
the server has strict requirements such as fast throughput of large amount of data, super stability and long-time operation. The main goal of server CPU is to achieve the above parameters
the main purpose of desktop workstation is the efficient processing capacity of single task
the design concepts and uses of the two CPUs are different, because it is difficult to compare without your specific parameters. For a simple example, the ability to run a program is not necessarily weaker than that of the server CPU, but the characteristic of the server CPU is that it may be able to run 50 identical tasks to maintain the efficiency level of a single task.
the server has strict requirements such as fast throughput of large amount of data, super stability and long-time operation. The main goal of server CPU is to achieve the above parameters
the main purpose of desktop workstation is the efficient processing capacity of single task
the design concepts and uses of the two CPUs are different, because it is difficult to compare without your specific parameters. For a simple example, the ability to run a program is not necessarily weaker than that of the server CPU, but the characteristic of the server CPU is that it may be able to run 50 identical tasks to maintain the efficiency level of a single task.
8. Viewpoint is cloud mining compliant or a fraud
author | Luxor tech
cloud mining is often described as a fraud by people in the instry, while outsiders describe it as a way to get rich quickly. Although there are countless immoral or illegal participants, the field of cloud mining is still booming. Today, there are several platforms that play an important role in the ecosystem, so we think it's time to take a closer look<
the history of cloud mining
the cloud mining platform is almost as old as the mine pool. It was first launched by the cex.io exchange in 2013. Since then, the development of cloud mining has been accompanied by a lot of scams, but there have also been some mining giants. Cloud mining is a term used to describe a company that contracts to provide computing power to mine bitcoin and other proof of work (POW) - based tokens. The buyer can directly sign a cloud mining contract to rent the computing power provided from the company's machines, without directly investing in the hardware used for mining. The buyer pays some form of currency (usually bitcoin) to obtain a certain amount of computing power (such as 20 th / s) within a set period of time (such as 30 months). The buyer will pay a fixed fee at the beginning and expect their contract to bring more revenue than their initial investment (IRR). For example, here are three contracts offered by Genesis mining. In the platinum contract, users will spend $999 per day and pay maintenance fee of $0.03 per Th / s in exchange for 20 th / s of computing power within 30 months
point of view is cloud mining a compliance or a fraud< The big difference between cloud mining and conventional mining is who owns the hardware. In cloud mining, the company that provides the contract has the actual hardware, while the buyer only has the computing power it provides for a period of time. Cloud mining is very attractive for people who do not have the technical or economic ability to buy their own equipment and then send it to the server or run it in their own home. The real reason why cloud mining is so successful is the simple user experience, without all kinds of complicated operations and capital investment required by traditional mining. According to token insight, most buyers of cloud mining come from Russia, China and Ukraine
point of view is cloud mining a compliance or a fraud< The annual Mining Research Report (tokeninsight 2019)
concerns about cloud mining
there are some main problems in cloud Mining: (1) this kind of platform may be a hoax or Ponzi scheme; (2) the platform may target retail investors who are not ecated and do not understand the relevant risks; (3) there is no market-based pricing
fraud platforms
in the past seven years, dozens of "cloud mining" platforms have been proved to be scams. In most cases, these platforms don't actually deliver the computing power promised by buyers. So buyers put in money and get nothing in the end
these relatively public companies include hashocean, bitcoin, cloud services, GAW, bitclub, etc
therefore, it is very important for the buyer to make a detailed investigation before putting the money into the cloud mining contract, and only invest the amount that he can bear the loss<
deceptive marketing
part of the reason why cloud mining is so successful is because of their marketing strategies It's common for even legitimate cloud mining platforms to promise a large percentage of high return on investment. They usually say that their contract will bring more than 50% return
here is an unsolicited email I received from hotbit a few months ago. In the email, it mentioned 100% of the theoretical benefits
point of view is cloud mining a compliance or a fraud
hotbit: cloud mining decisive advertisement
this is a dangerous warning for any investment. No one can predict the future (especially a cloud mining company), so it's unethical to report such aggressive high returns. Just as CEO should not put forward stock price target, cloud mining company should not put forward expected internal rate of return
mining is a huge investment, but it is also difficult to carry out correctly. In the field of mining, it is those insiders who understand the market dynamics who can get rich returns. And the retail investors who just started to learn mining can't make any good investment decisions. But these retail investors are the clear target market of most cloud mining platforms, so it is very unethical to focus on retail investors
point of view is cloud mining a compliance or a fraud<
annual Mining Research Report (tokeninsight 2019)
opaque pricing
cloud mining platforms price their own contracts, rather than open markets. This usually puts the buyer at a disadvantage. It's a bit like playing card games in casinos. Although casinos offer odds, usually you don't have any advantage
honeylemon is a very interesting project, which summarizes all kinds of mining contracts, so people can carefully compare the contract details. It is hoped that this platform will bring more competition and transparency to the pricing of cloud mining contracts
point of view is cloud mining a compliance or a fraud< Although people have different opinions on the popular cloud mining companies, there is no doubt that these companies play an important role in the mining ecosystem
Genesis mining is one of the earliest and largest cloud mining companies. They offer contracts for SHA-256 (bitcoin) and other algorithms. The company is based in Europe and has all its own mining equipment. This company is a good example of a traditional legal cloud mining company< Bitdeer is one of the most interesting companies in the mining instry. As a subsidiary of bitmain, it is at the core of many mining procts, including bitmain (manufacturer and mine), antpool, btc.com, via.btc, matrixport, etc. What's also interesting is that it allows us to rethink how computing power can be traded between mines, mines, cloud mining platforms and buyers. In theory, computing power can change hands many times before it is actually used on the Internet. Here's a potential ecosystem that might be in today's world
point of view is cloud mining a compliance or a fraud
potential bitmain mining ecosystem
I hope these platforms, especially bitdeer, can continue to move forward
how to estimate the internal rate of return (IRR) of cloud mining
you can use any calculator such as minerstat or whartomine to calculate the current mining profitability
a key point is to make sure that you take the network difficulty factor into account ring the contract period. Historically, the increase of network difficulty will lead to the decrease of income
point of view is cloud mining a compliance or a fraud
another area that we often talk about is to be able to identify your personal opportunity cost (or capital cost). Mining is risky and the returns can be very volatile. Therefore, in view of the risk situation and other investment opportunities, to ensure that their expected return is reasonable
in addition, it is suggested that the internal rate of return (IRR) rather than the return on investment (ROI) should be considered when making investment decisions<
the difference from the hashrate markets
niecash is usually classified as a cloud mining company. But there are some very obvious differences between cloud mining and computing power market
cloud mining company, the owner of hardware equipment, owns the hardware used to generate the computing power sold on the platform. This is different from the computing market where independent miners can connect their hardware to the market
market pricing - in cloud mining, the platform determines the price, and the buyer can only choose to accept or reject. But in the market of computing power, the price is determined by the supply and demand of computing power
buyer's freedom - on the cloud mining platform, the buyer usually has no ability or restriction to choose the currency he wants to mine or which pool to use. On the contrary, the computing power market has complete flexibility, and the buyer can freely use the computing power he obtains< In April 2020, greenedge sold 30% of its computing power to the buyer, which is a physical delivery contract. On the surface, it looks like a cloud mining contract. But there are some obvious differences
buyer type - most buyers on the cloud mining platform are retail investors. This is different from forward contracts for institutional investors such as hedge funds or family businesses. Such investors can usually invest more resources to make investment decisions
over the counter pricing - even if the contract is over the counter, there is still a better pricing mechanism than that set by the seller of computing power, such as in cloud mining. There is a bitooda between the two parties<
legitimacy of cloud mining
in the United States, Howey test is used to determine whether the transactions between platforms and users conform to investment contracts ("securities")
in Howey test, transaction can be considered as a kind of security, if it meets the following requirements:
capital investment
capital is invested in a common enterprise< In my opinion, the target customers of cloud mining are not retail investors, and the model with market pricing power is more suitable for this ecosystem. But obviously, cloud mining platform has found a user experience that is simple and retail investors like (at the beginning?) Participating markets
we can expect these platforms to continue to develop in China, Russia and Ukraine. I also hope that other platforms (such as the computing market) will grow in North America<
translated by Liam, author of Luxor tech
edited by Liam
the content is for reference only, not as investment advice at your own risk
All Rights Reserved. Reproction without permission is strictly prohibited
Author: cryptovalley live; This article only represents the author's point of view, but does not represent the official position of "Dede". For "Dede" articles, the originality and authenticity of the content are guaranteed by the contributors. If the legal consequences caused by plagiarism, fraud and other acts, the contributors themselves are responsible for publishing the articles on the Dede platform Violation and other improper speech content, please the majority of readers supervision, once confirmed, the platform will immediately offline. If you have problems with the content of the article, please send it to email: [email protected]
author | Luxor tech
cloud mining is often described as a fraud by people in the instry, while outsiders describe it as a way to get rich quickly. Although there are countless immoral or illegal participants, the field of cloud mining is still booming. Today, there are several platforms that play an important role in the ecosystem, so we think it's time to take a closer look<
the history of cloud mining
the cloud mining platform is almost as old as the mine pool. It was first launched by the cex.io exchange in 2013. Since then, the development of cloud mining has been accompanied by a lot of scams, but there have also been some mining giants. Cloud mining is a term used to describe a company that contracts to provide computing power to mine bitcoin and other proof of work (POW) - based tokens. The buyer can directly sign a cloud mining contract to rent the computing power provided from the company's machines, without directly investing in the hardware used for mining. The buyer pays some form of currency (usually bitcoin) to obtain a certain amount of computing power (such as 20 th / s) within a set period of time (such as 30 months). The buyer will pay a fixed fee at the beginning and expect their contract to bring more revenue than their initial investment (IRR). For example, here are three contracts offered by Genesis mining. In the platinum contract, users will spend $999 per day and pay maintenance fee of $0.03 per Th / s in exchange for 20 th / s of computing power within 30 months
point of view is cloud mining a compliance or a fraud< The big difference between cloud mining and conventional mining is who owns the hardware. In cloud mining, the company that provides the contract has the actual hardware, while the buyer only has the computing power it provides for a period of time. Cloud mining is very attractive for people who do not have the technical or economic ability to buy their own equipment and then send it to the server or run it in their own home. The real reason why cloud mining is so successful is the simple user experience, without all kinds of complicated operations and capital investment required by traditional mining. According to token insight, most buyers of cloud mining come from Russia, China and Ukraine
point of view is cloud mining a compliance or a fraud< The annual Mining Research Report (tokeninsight 2019)
concerns about cloud mining
there are some main problems in cloud Mining: (1) this kind of platform may be a hoax or Ponzi scheme; (2) the platform may target retail investors who are not ecated and do not understand the relevant risks; (3) there is no market-based pricing
fraud platforms
in the past seven years, dozens of "cloud mining" platforms have been proved to be scams. In most cases, these platforms don't actually deliver the computing power promised by buyers. So buyers put in money and get nothing in the end
these relatively public companies include hashocean, bitcoin, cloud services, GAW, bitclub, etc
therefore, it is very important for the buyer to make a detailed investigation before putting the money into the cloud mining contract, and only invest the amount that he can bear the loss<
deceptive marketing
part of the reason why cloud mining is so successful is because of their marketing strategies It's common for even legitimate cloud mining platforms to promise a large percentage of high return on investment. They usually say that their contract will bring more than 50% return
here is an unsolicited email I received from hotbit a few months ago. In the email, it mentioned 100% of the theoretical benefits
point of view is cloud mining a compliance or a fraud
hotbit: cloud mining decisive advertisement
this is a dangerous warning for any investment. No one can predict the future (especially a cloud mining company), so it's unethical to report such aggressive high returns. Just as CEO should not put forward stock price target, cloud mining company should not put forward expected internal rate of return
mining is a huge investment, but it is also difficult to carry out correctly. In the field of mining, it is those insiders who understand the market dynamics who can get rich returns. And the retail investors who just started to learn mining can't make any good investment decisions. But these retail investors are the clear target market of most cloud mining platforms, so it is very unethical to focus on retail investors
point of view is cloud mining a compliance or a fraud<
annual Mining Research Report (tokeninsight 2019)
opaque pricing
cloud mining platforms price their own contracts, rather than open markets. This usually puts the buyer at a disadvantage. It's a bit like playing card games in casinos. Although casinos offer odds, usually you don't have any advantage
honeylemon is a very interesting project, which summarizes all kinds of mining contracts, so people can carefully compare the contract details. It is hoped that this platform will bring more competition and transparency to the pricing of cloud mining contracts
point of view is cloud mining a compliance or a fraud< Although people have different opinions on the popular cloud mining companies, there is no doubt that these companies play an important role in the mining ecosystem
Genesis mining is one of the earliest and largest cloud mining companies. They offer contracts for SHA-256 (bitcoin) and other algorithms. The company is based in Europe and has all its own mining equipment. This company is a good example of a traditional legal cloud mining company< Bitdeer is one of the most interesting companies in the mining instry. As a subsidiary of bitmain, it is at the core of many mining procts, including bitmain (manufacturer and mine), antpool, btc.com, via.btc, matrixport, etc. What's also interesting is that it allows us to rethink how computing power can be traded between mines, mines, cloud mining platforms and buyers. In theory, computing power can change hands many times before it is actually used on the Internet. Here's a potential ecosystem that might be in today's world
point of view is cloud mining a compliance or a fraud
potential bitmain mining ecosystem
I hope these platforms, especially bitdeer, can continue to move forward
how to estimate the internal rate of return (IRR) of cloud mining
you can use any calculator such as minerstat or whartomine to calculate the current mining profitability
a key point is to make sure that you take the network difficulty factor into account ring the contract period. Historically, the increase of network difficulty will lead to the decrease of income
point of view is cloud mining a compliance or a fraud
another area that we often talk about is to be able to identify your personal opportunity cost (or capital cost). Mining is risky and the returns can be very volatile. Therefore, in view of the risk situation and other investment opportunities, to ensure that their expected return is reasonable
in addition, it is suggested that the internal rate of return (IRR) rather than the return on investment (ROI) should be considered when making investment decisions<
the difference from the hashrate markets
niecash is usually classified as a cloud mining company. But there are some very obvious differences between cloud mining and computing power market
cloud mining company, the owner of hardware equipment, owns the hardware used to generate the computing power sold on the platform. This is different from the computing market where independent miners can connect their hardware to the market
market pricing - in cloud mining, the platform determines the price, and the buyer can only choose to accept or reject. But in the market of computing power, the price is determined by the supply and demand of computing power
buyer's freedom - on the cloud mining platform, the buyer usually has no ability or restriction to choose the currency he wants to mine or which pool to use. On the contrary, the computing power market has complete flexibility, and the buyer can freely use the computing power he obtains< In April 2020, greenedge sold 30% of its computing power to the buyer, which is a physical delivery contract. On the surface, it looks like a cloud mining contract. But there are some obvious differences
buyer type - most buyers on the cloud mining platform are retail investors. This is different from forward contracts for institutional investors such as hedge funds or family businesses. Such investors can usually invest more resources to make investment decisions
over the counter pricing - even if the contract is over the counter, there is still a better pricing mechanism than that set by the seller of computing power, such as in cloud mining. There is a bitooda between the two parties<
legitimacy of cloud mining
in the United States, Howey test is used to determine whether the transactions between platforms and users conform to investment contracts ("securities")
in Howey test, transaction can be considered as a kind of security, if it meets the following requirements:
capital investment
capital is invested in a common enterprise< In my opinion, the target customers of cloud mining are not retail investors, and the model with market pricing power is more suitable for this ecosystem. But obviously, cloud mining platform has found a user experience that is simple and retail investors like (at the beginning?) Participating markets
we can expect these platforms to continue to develop in China, Russia and Ukraine. I also hope that other platforms (such as the computing market) will grow in North America<
translated by Liam, author of Luxor tech
edited by Liam
the content is for reference only, not as investment advice at your own risk
All Rights Reserved. Reproction without permission is strictly prohibited
Author: cryptovalley live; This article only represents the author's point of view, but does not represent the official position of "Dede". For "Dede" articles, the originality and authenticity of the content are guaranteed by the contributors. If the legal consequences caused by plagiarism, fraud and other acts, the contributors themselves are responsible for publishing the articles on the Dede platform Violation and other improper speech content, please the majority of readers supervision, once confirmed, the platform will immediately offline. If you have problems with the content of the article, please send it to email: [email protected]
9. Bitsharesblockchain is an instrial level decentralized platform focusing on high-performance financial smart contracts. Bitshares (BTS) is the core token of bitshares blockchain, which has practicability and management authority.
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