PPS digital currency
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.
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
Yesterday, I went to the electronic reading room. Not long after I plugged in the USB flash drive, the teacher suddenly asked everyone to unplug the USB flash drive. Some students found that all the files in the USB flash drive could not be opened, and there were two more documents asking for money
so everyone rushed to check, as long as the U disk inserted in the school computer were poisoned, large-scale computer poisoning occurred in the evening
a lot of people's information and graation thesis are in the computer. I really feel that hacker's behavior is disgusting. For the sake of money, regardless of the future of students, teachers' lifelong scientific research achievements...
hope to catch criminals as soon as possible and give them severe punishment by law
this virus will scan windows devices with open 445 file sharing port. As long as the user's device is on the Internet, hackers can implant blackmail software, remote control Trojan horse, virtual currency mining machine and other malicious programs in computers and servers
some security researchers point out that this large-scale network attack seems to be deployed through a worm application, and wannacry can spread among computers. What's more terrible is that unlike most malicious programs, this program can replicate and spread on its own in the network, and most of the current viruses still need to rely on the successful users to spread by cheating them to click the attachment with the attack code
the attack has affected 99 countries and as many as 75000 computers, but because the virus uses anonymous network and bitcoin anonymous transaction to obtain ransom, it is very difficult to track and locate the originator of the virus
starting from the current market situation and mine owner's psychology, AA mine pool adheres to the market-oriented concept, pays more attention to humanistic service and professional technology, and creates a new, simple, safe and stable mining service platform
technical advantages of AA ore pool:
purer mining mode: adopting algebraic average algorithm, the original PPLNs + distribution mode is better than the traditional PPLNs / PPS mode, and the income can be increased by about 20%
core driver upgrade: make blocks output faster, allocate tasks at millisecond level, adjust dynamic difficulty, and output blocks efficiently
Security and stability: distributed main network node servers are distributed in 24 cities around the world, with strong anti DDoS capability, ensuring efficient and stable revenue growth
ultimate experience: more optimized big data infrastructure, timely and rapid response, simple mining steps, easy to understand, easy mining, and enjoy the benefits.
purchase process:
you need to download 58coin app, or log in to the website and purchase according to the page prompts. The whole process is as follows: use usdt to purchase power procts - generate revenue the next day - release revenue on the third day, and the futures order is subject to the revenue date
cost Description:
1. Cost composition: calculation fee + electricity fee + management fee + operation and maintenance fee
2. Electricity fee: calculation power consumption * 24 hours * electricity price 0.38 yuan / kWh
3. Management fee: 6.00% of mining output is collected as management fee
4. Operation and maintenance fee: Calculation power consumption * 24 hours * operation and maintenance fee (0.07 yuan / kWh)
usdt is used to pay calculation power fee when purchasing, and electricity fee, management fee and operation and maintenance fee will be converted from daily income, In the form of BTC
income settlement:
1. Income distribution will be calculated using PPS theoretical income, and the income generated by computing power will be released to bit computing power account in the form of BTC every day
2. The estimated revenue is calculated from the actual operation of the digital asset network and will change dynamically for reference only. The theoretical revenue of the day's computing power can refer to the ant mine. After decting the electricity fee, custody fee and operation and maintenance fee, it is the daily net revenue
Proct termination:
1. Cloud computing power business with a fixed cycle will be terminated upon expiration
2. Perpetual computing power is a one-time buyout, which is theoretically held permanently. If the mining income can not cover the electricity, management, operation and maintenance costs for 90 consecutive days, the service will be terminated, and the user has no ownership of the mining machine
risk tips:
1. The price of digital assets often fluctuates greatly, and the mining difficulty of each currency will be adjusted regularly. If the currency price falls or the difficulty rises, the revenue of each mining contract will decrease. No matter from the perspective of digital assets or legal currency, this service does not guarantee that users can recover the capital. Users need to carefully assess their risk tolerance and invest in digital asset mining within acceptable risk control scope
2. Risk of force majeure and accidents: natural disasters, digital currency market crisis, war, equipment failure, communication failure, power failure, or changes in national policies and other unforeseeable, unavoidable and insurmountable force majeure events may lead to the termination of the trusteeship, the rection of investment income and even the loss of principal. The platform shall not bear any responsibility
3. The power cost and management fee may fluctuate e to the national policy, the actual situation of the mine and the change of the power cost. The platform will reserve the right to adjust the power fee and management fee.
u-coin can be recharged by voice, mobile phone, online banking, SMS, broadband, etc
by using the u-coin, you can recharge all kinds of game cards on the Internet, which is convenient, affordable and more secure.
10, said that in order to implement the spirit of the September 4th announcement of the seven ministries and commissions issued by the people's Bank of China and other issues concerning the prevention of the financing risks of Chinese generation issuing companies, and actively respond to state regulation, bitcoin China will stop the cash business at 12:00 noon in Beijing time at 12:00. This means that bitcoin China's customer capital, asset retirement work is coming to an end. The announcement mentioned that its mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally. For bitcoin trading platform, which has to innovate its business, mining pool business may be another way of transformation
what is a pool
the mine pool has really entered the field of vision of the coin circle since 2012, and the emergence of the mine pool has greatly reced the technical threshold of the miners. Mine pool is the necessary infrastructure for P2P cryptography virtual currency mining such as bitcoin. It is generally an open team mining server. Its significance is to improve the stability of bitcoin mining and stabilize the miners' salary. At present, the more famous bitcoin commercial mine pools in China include f2pool, BTCC pool, BW pool, etc
so how can a mine pool be divided among miners? According to instry insiders, it is mainly divided into two kinds: one is to give fixed income (PPS) according to calculation power, and the other is to give bonus share (pro) according to excavated blocks
will ore pool be the next regulatory target
although developers can decide the technical architecture of bitcoin network, it is difficult to influence its price trend, and mine pool is one of the key factors to promote the development of bitcoin. On the contrary, the recent sharp rebound of bitcoin market will attract more people to join the ranks of mining
the reporter believes that there are certain risks in the mining pool, but the probability that the regulatory authorities will completely block the mining pool is not very high, for the following reasons:
(1) China has obvious competitive advantage in the global bitcoin mining field. According to a research paper published by Cambridge University, China accounts for half of the world's influential bitcoin mines, and the ant mine, which ranks first, is a mine owned by bitcoin mainland. In addition, according to the data, the proportion of computing power in bitcoin mine pool ranked first, with 81% of hash computing power in China
(2) regulatory measures are not to eliminate bitcoin. The regulatory policies issued by regulators in recent months are not aimed at bitcoin and other digital currencies themselves, but at the hidden risks of money laundering, highly leveraged financing and investors' interests
(3) it is difficult to supervise OTC trading. Although floor trading has been banned in China, the bitcoin obtained by miners through the mine pool can be traded over the counter, so the supervision is bound to be very difficult. At the same time, the asset transfer and money laundering problems that regulators are worried about still exist (4) increase the fiscal revenue of remote areas. Because the computer power of mining is large, it needs to consume a lot of electricity, so most people choose Sichuan, Inner Mongolia, Xinjiang and other areas with rich electricity. It is understood that the average power consumption of a large bitcoin mine is 40000 kwh, which also provides some objective income for the local governmentdoes this mean that the government does not supervise
The answer, of course, is No. On the one hand, according to the reporter's investigation, in June this year, a large bitcoin mine in China was stopped e to the lack of regulatory policies. On the other hand, in accordance with the relevant principles of G20 and international cooperation, China has strengthened the control and disposal of anti money laundering, anti terrorist financing and tax base erosion. According to the "tips on preventing the risks of bitcoin and other so-called" virtual currencies "released by the China Internet Finance Association this year, bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities with an expanding number of stakeholders and a strong speculative atmosphere. Therefore, once the scale of the mine pool is expanded to a certain extent, which leads to the confusion of the instry, it is inevitable for the regulatory authorities to take strict measures on the mine poolconclusion
from the national level, artificial manipulation will lead to serious bubble and speculation of bitcoin. If the price of bitcoin fluctuates greatly, it will cause a series of problems. Perhaps the nationalization of bitcoin pool can stabilize the transaction price and create a good market atmosphere
once the government really takes regulatory measures on the mining pool, as Wang Chun, the co-founder of f2pool, said, given that the mining pool is still an application of bitcoin network operation, it is unclear how the regulatory authorities will affect its business model
original link: http://www.gongxiangcj.com/show-22-4683-1.html
coinviva exchange is the exchange of point95 global group, which aims to bring the highest standard of ethics and self-discipline of traditional investment banks into the digital asset world. Unlike most of the current founders of the exchange, all the founding management teams of the platform are from top investment banks, such as JPMorgan Chase, Morgan Stanley and Bank of America Merrill Lynch
Mr. Ye Jingyuan, CEO of coinviva, has more than 10 years of experience in trading and portfolio management. He was the former CEO of Baolian PPS International Co., Ltd. (a Hong Kong listed company). He joined Bank of America Merrill Lynch in London in 2007 and served as vice president of global markets, responsible for risk and portfolio management of EMEA's stock structured procts. He is a chartered financial analyst with a bachelor's degree in mathematics, operational research, statistics and economics from the University of Warwick and a master's degree in applied statistics from Oxford University.