BTC pit acceleration

1.

mining is perhaps one of the most important components of the bitcoin ecosystem. Miners need to solve complex mathematical problems, so as to ensure the smooth implementation of the transaction. These problems are so complex that they are difficult to solve even for extremely powerful computers. Computers need work and luck to solve these mathematical problems, just as miners dig underground. The chance of solving this problem correctly is about one in 13 trillion

bitcoin mining has two purposes. Firstly, by solving mathematical problems, bitcoin miners can verify the transaction information, so as to ensure the security and reliability of bitcoin payment network. Miners are the people who ensure that transactions are accurate and that there is no "double payment."

Secondly, when the computer solves these complex mathematical problems on the bitcoin network, the system will generate new bitcoin, which is similar to the process of mining gold from the ground. The reward is called "block reward", and after the event called "halving", its amount will be periodically halved. The newly discovered concept of bitcoin is an important part of bitcoin protocol. The bitcoin obtained by the miners is brand new and has never been in circulation before

since miners will eventually sell the bitcoin, it is also an important source of supply and liquidity. As chainalysis reports, many digital currency exchanges rely on miners to receive bitcoin and increase their liquidity. Typically, exchanges get about 88% of bitcoin from other exchanges, and bitcoin miners are the largest source of the remaining percentage. As you can imagine, there is fierce competition between exchanges to receive bitcoin directly from miners

further enlarge the map, most of the mining activities are only carried out in four provinces, the first two provinces are Xinjiang and Sichuan, accounting for nearly half of all bitcoin mining in China. Electricity prices are cheap and the weather is cold in these areas. This helps to keep mining profits and equipment cool ring the 24 / 7 operation and maintenance period of bitcoin mining

but this is nothing new for digital currency issuance. For many years, China has been a major market for bitcoin miners e to its cheap electricity and abundant resources. Bitmain, f2pool and Canaan are all located in China

whether this is a negative or positive message depends on your point of view. But for decentralized, distributed, unlicensed networks, geographic regions across multiple entities are more healthy for the entire ecosystem

2. It's one of the baskets with BTC;

3. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items[ 1-2]
PPS means that the gold you dig is stored in the mine pool, and then transferred to your wallet after a certain amount. The handling charge is relatively high. PPLNs is generally more common in p2pool. When you dig the mine, it is directly stored in your wallet, and there is no handling charge. At present, the more popular is p2pool, which is relatively safe at present, and it is also highly praised by foreign heroes

4. Now the domestic mine pool has accounted for more than 60% of the computing power of the whole network, but it is no longer the only one. Mining is basically the Chinese has the final say. If several large mines unite to launch a 51% attack, it is completely feasible in theory, but it is not in their interests, so they will not do it. It's not a good thing that computing power is in the hands of a mining pool. It is very dangerous to concentrate too much on any kind of currency. However, there are also some coins that do not need to be mined, such as Ruitai.

5. The computing power and block output of the whole network can be found in
http://www.taobtc.net/
look at
1. First of all, as a node mine pool, the mine pool construction itself needs to add node files, which show the number of connections under the bitcoin wallet. After adding nodes, the number of connections can reach dozens or even more, depending on how many nodes you add, effectively recing invalid share
2. How to fix the calculation difficulty of mining equipment for miners? Set it in your mining equipment startup bat
for example, if your single mining equipment is 10g, you can add
/ 1000 + 10 after the user name (wallet address) in the bat file. For example,
- U
/ 1000 + 10
- P
1 in my bat, what does that mean? That is to say, your device is 10g computing power, and you use a fixed difficulty of 10G for mining in P2P pool. If you are a 1g device, write / 1000 + 1 at the back, so the difficulty is fixed and the efficiency of the device is effectively improved.

6. 70% of the computing power of bitcoin in the world is provided by China, among which the more famous ones are: bitcoin China
2, f2poll fish pond
...
not listed
everyone can set up a mine pool, if you want, and someone else wants to join
note that if no one joins, you are the only one competing with others in this mine pool. I'm afraid your computing power is not a drop in the ocean in the whole network, and the success rate is too low
therefore, most miners join in the large mine pool and do not set up their own

of course, if you have the strength, you can also set up your own mine pool. This information is public, and you can use the Internet. thank you.

7. At present, the computing power of P2P pool nodes in the whole network is about 20t, but the actual utilization rate is only 10-15t, which wastes a lot of computing power
the computing power and block output of the whole network can be seen here http://www.taobtc.net/
a lot of computing power is wasted. The reason for this is also from the structure of the P2P pool. The P2P pool node will automatically adjust the difficulty of the pool according to the computing power of the workers' mining equipment. This process is quite fast, and the difficulty will be adjusted every few minutes, As a result, the mining equipment is easy to report errors, that is, it generates a lot of R, which reces the efficiency. The P2P pool is a PPLNs mode. You need to submit an effective share to get profit. After submitting an effective share, you can get all the blocks generated within 24 hours. The difficulty of effective share is relatively large. What I reflected in my pool is that 1g of computing power can't dig effective share at all
how to improve the efficiency of P2P pool

1. First of all, as a node mine pool, the mine pool construction itself needs to add node files, showing the number of connections under the bitcoin wallet. After adding nodes, the number of connections can reach dozens or even more, depending on how many nodes you add, effectively recing invalid share
2. How to fix the calculation difficulty of mining equipment for miners? Set it in your mining equipment startup bat
for example, if your single mining equipment is 10g, you can add
/ 1000 + 10 after the user name (wallet address) in the bat file. For example,
- U
/ 1000 + 10
- P
1 in my bat, what does that mean? That is to say, your device is 10g computing power, and you use a fixed difficulty of 10G for mining in P2P pool. If you are a 1g device, write / 1000 + 1 at the back, so the difficulty is fixed and the efficiency of the device is effectively improved.

8. Bitcoin mining is through the mining node, and then the bitcoin mining machine (computer) constantly consumes its own computing power in exchange for bitcoin. In the bitcoin system, through its own algorithm, it can dynamically adjust the mining difficulty of the nodes in the whole network, and ensure that every 10 minutes, one node will succeed in mining. At this time, the bitcoin system will reward this person with a certain amount of bitcoin. Bitcoin mining is a complicated process, but it usually goes through these steps: preparation, finding the mine pool, registering the mine pool account, setting the mine pool account, downloading the bitcoin miner (software) and configuring the bitcoin miner; After the above steps, you can mine
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

9. Pulling down the line is like an agent. You can look for your agent, that is, your agent. Your agent can also continue to look for his or her line. Level by level pulling can get a commission from it. In fact, it can't be regarded as cheating. For example, the direct selling instry needs to pull down the line, but MLM also uses the pull down mode, so many people think it's cheating.

10. Ha ha, this is according to your computer configuration graphics card decision! Of course, mining software is true! Because that's the data calculated from your computer!