Ethereum mining returns in three months

1. I don't think I'll ever get back to this

2.

The wealth myth of "one coin, one villa" is still widely spread in the currency circle, and new investors are eager to try. But in fact, a stable power structure has been formed in this small circle, from mining machinery manufacturers to large mine owners, and then to mining pools

manufacturing and selling mining machines, mining, building mines and building ore pools, the "mining circle" has become another way to get rich in the blockchain world, and mining machines have also become a little-known "big business"

according to the imagination of Nakamoto, the inventor of bitcoin, the ideal state should be "decentralized", with computing power scattered all over the world. However, contrary to decentralization, the mine pool is absolutely centralized, and more and more mining machines are connected to the mine pool

this article was first published in the Southern Weekend

"if speculation is a road of no return, then investment in mining machinery is a business that can make a steady profit without loss, and it is only a matter of time before the cost is recovered." Zhong Xi, general manager of Shenzhen Aibo times Technology Co., Ltd., calculated an account. A miner earns 200 yuan a day, which can be recovered in 120 days, and then the profit

in October 2017, in addition to his main business, Zhong Xi joined the mining army and quickly became a big boss in the mining circle. He operated many large mines in Jiangxi, Sichuan, Guizhou and other places

in fact, the business of "steady profit without loss" still depends on the continuous rise of currency price. In the past two months, the price of bitcoin has dropped from US $15000 to about US $10000, or even below US $6000 at one time, which has extended the cycle of mining machinery return. If it keeps falling, the profit will be far away

in 2012, four years after the advent of bitcoin, mass-proced mining machines appeared. Before that, mining was mainly a private activity, which could be completed by a home computer“ At that time, the home computer was the money printing machine, and a lot of bitcoin could be g up every day. " Huang Shiliang, a senior digital currency player who sold mining machines in his early years, recalled to Southern Weekend reporters

after the emergence of mining machine, mining began to be "socialized", with the emergence of mines and pools, and mining became a collective work. The indivial miner is entrusted by the mine, just like the workers on the proction line, as long as they are there, they can get paid every day

manufacturing and selling mining machines, mining, building mines and building ore pools, the "mining circle" has become another way to get rich in the blockchain world, and mining machines have also become a little-known "big business"

China has become the world's largest procer of mining machinery. Since 2012, a number of miner manufacturers have been born in China, such as Shenzhen bitquan Co., Ltd., which proces cat roasting miner, bitmainland, Jianan Yun and Yibang communication, which are now famous. In Huaqiangbei, Shenzhen, foreigners can be seen everywhere asking about the price of mining machinery with translators

recently, in an interview with the media, the CEO of bitcontinental, Mr. Zhan Ketun, said that this startup company, which has been established for only four years, had a revenue of about US $2.5 billion in 2017. Bitcontinent is known as the world's largest miner, whose ant miner has always been the hard currency of the coin circle and miner world

just like the coin circle, the mining circle also needs belief that the mechanical mathematical operation of mining machines every day can create great wealth

However, contrary to the "decentralization" advocated by bitcoin, the miner's world is moving towards "centralization". Miner dealers build their own mines. After the investors buy the miner, they are entrusted by the seller; The procers build their own mines and manage them

this process of "centralization" made the wealth of the mining circle snatched by a few people, and it was not easy for Zhong Xi to enter the core circle

calculation force "centralization"

the main function of the mine is to provide a place for scattered mining machines to operate. But it is the "ore pool" that really plays the role of integration

the so-called "mine pool" can be simply understood as "cooperative mining". The miners and the mines give the calculation power to the mine pool, and the mine pool is used as the only address to access the digital currency network for mining, and then distribute dividends to the miners according to the calculation power of the mining machine

the history of ore pool is longer than that of mining machine. In November 2010, the mine pool named slush appeared. Today, its official website says "the world's first mine pool", which is also recognized by the coin circle. Compared with the mine, the construction of the mine pool needs certain technology, and the threshold is relatively higher

the person in charge of a well-known domestic mine pool explained the principle of the mine pool to the Southern Weekend reporter. He compares mining to buying lottery tickets. If you dig alone, the probability of winning the lottery is very unstable. You may win 100000 today, but you won't in the next six months

"gather the people who buy lottery tickets together and buy them in a unified way. No matter who wins, they will be divided according to the proportion of money they pay. In the coin circle, the mine pool plays this role. " The person in charge said

it's not complicated to connect the mining machine with the ore pool. According to the operation guidelines of the major ore pools, it can be completed in a few steps, and then according to the calculation power provided by ourselves, we can get benefits from the ore pool. The miner is like a worker standing on the proction line, receiving a fixed salary every day

the mine pool with huge computing power and many mining machines has an absolute say in the coin circle and the mining circle. For example, if you want to issue a new digital currency or dominate the bitcoin bifurcation, you generally need to get the support of the mine pool. Without the support of the mine pool, no one will dig the new currency, so it is meaningless

in addition, when a hot new coin comes out, the mine pool can also use its own miners to pack it quickly and take the lead in the rush purchase of these new coins

in June 2017, when SNT and EOS were issued, Southern Weekend reporters witnessed the scene of minchi snapping up tokens. Because there are too many investors, many indivial investors can not put their funds into the designated position, but the person in charge of a mine pool can easily complete this operation

according to the imagination of Nakamoto, the inventor of bitcoin, the ideal state should be "decentralized", with computing power scattered all over the world. However, contrary to decentralization, the mine pool is absolutely centralized, and more and more mining machines are connected to the mine pool

on January 18, 2018, Emin Yun silash, a computer professor at Cornell University, and other five people co authored a paper pointing out that there is an implicit power structure behind bitcoin and Ethereum, the two major digital currencies, and mining is too centralized, in which 50% of bitcoin's computing power is controlled by the four major mines

In fact, this problem has always existed. Four years ago, the founder of Ethereum, vtalik, noticed this problem when he wrote Ethereum white paper. He wrote: "this problem can be said to be very serious. At the time of writing this article, the two largest mines indirectly controlled about 50% of the computing power of the whole network."

Up to now, this problem has not been solved. An early translator of the Ethereum white paper told the Southern Weekend reporter, "this is not a technical problem, but a human problem."

5

recessive power structure

in the mining circle, the top of the food chain is mining machinery manufacturers. At present, the three recognized mining machinery manufacturers are located in China. Through the proction and sales of mining machines, they get a lot of profits. At the same time, they also set foot in the construction of mines and pools, and have the right to speak in the whole coin circle

ant mining pool is one of the top two large mining pools in the world, and its computing power accounts for 17% of the total network computing power. However, according to instrial and commercial data, it was founded by bitmainland; Several investors of Jianan Yun are also investors of Hangzhou mining Pool Technology Co., Ltd., which has its own mining pool hash and mining platform, but the mining pool has ceased operation at the end of 2017

Yibang communications has set up three blockchain companies in Hohhot, Wuhai and Zhundong Economic Development Zone in Inner Mongolia. A salesperson of Yibang communications told reporters at Nanfang Weekend that they have mines and mining businesses in these three places, but these mines have been operating at full capacity, and there is no machine space to host new mining machines

"we are building a new mine in Irkutsk, Russia, where electricity charges are much lower and new mining machines can be hosted there." The source said

above the mining machinery manufacturers, it is the harvest of chip giants“ The core technology of mining machinery lies in the chip. Whoever has the chip can proce more mining machinery. " Ding Yang told reporters at Nanfang Weekend that the chips are mainly in the hands of several giant manufacturers, such as TSMC, NVIDIA, AMD, etc

since 2015, TSMC has always been the largest chip supplier of Jianan Yun. In 2015, the chips purchased by Jianan Yun from TSMC accounted for 69.62% of all the chips purchased by Jianan Yun. Since then, this figure has been maintained at about 60%. Most of the profits of Jia Nan Yun Zhi were made by TSMC

On January 18, 2018, at the presentation meeting of TSMC's fourth quarter financial report, chairman Zhang Zhongmou said that although the mobile business prospect this year is weak, the company's revenue will still grow by 10% - 15%. One of the key factors is the demand for chips e to the continuous and steady development of cryptocurrency

under the mining machinery manufacturers, there is another power structure. Jianan Yun disclosed this secret in its 2017 prospectus. In the first four months of 2017, four of the top five customers of Jianan Yun were "indivials". According to public information, three of them are well-known "wrists" in the currency circle

Wu Gang, the largest customer, was the first group of miners, and later founded haobtc, which has one of the world's top ten mines; Lin Zhipeng, the second largest customer, is the founder of Xiaoqiang mining machinery. He has been engaged in the proction and sales of mining machinery for a long time. He has been cooperating with Xie Weiqin, the sixth largest customer; Wang Jin, the third largest customer, founded bitbang, a coin circle information website

these big customers are not simple miners, they all have their own influence in the coin circle. Mechanical operation of the mining machine to bring them income at the same time, also brought the right to speak

according to an insider in bitmainland, most of the big customers in bitmainland are big guys in the currency circle. However, bitmainland officials declined an interview with the Southern Weekend reporter. The company's Public Relations Department responded that it was not convenient to disclose the content because it signed a confidentiality agreement with its customers

"one coin, one villa" wealth myth is still widely spread in the currency circle, and new investors are eager to try. But in fact, a stable power structure has been formed in this small circle, from mining machinery manufacturers to large mine owners, and then to mining pools

most of the new entrants can only make the harvested "leeks"

3. Not necessarily, in the whole IPFs mining environment, it depends on the software technology and hardware support of each company to calculate the single T24 hour mining efficiency and block rate. Interstellar infinite has been established for three years, and has its own unique and reasonable allocation in the mining field of IPFs, which can ensure that investors have long-term and stable returns; Interstellar Infinity has been in the mining field of IPFs for three years, and the mining efficiency is leading in the world, which can bring the best cost-effective returns to all mining machine owners. Interstellar infinity is the first choice for IPFs mining.

4. According to the situation in previous years, with reference to bitcoin and Ethereum, the cost can be recovered in one month. However, the price of miner also has an impact. Hummingbird H1, who is optimistic about interstellar bitcoin, is optimistic

5. Making money with low-cost electricity resources

6. The so-called fund disk refers to the use of direct multiplication principle, in the form of rolling or static capital circulation, demolishing the east wall to make up the west wall, and paying the front members with the money after joining the members. Its essence is pyramid pyramid type pyramid marketing fraud. It is very hidden, deceptive and harmful to society. Capital disk does not refer to the public offering of private funds, but refers to the compilation of a variety of high rate of return stories, to deceive the people's desire for money, underground fund-raising mode. This kind of fund-raising is rarely more than three years, because when it comes to one or two years, most of the fund owners have fled. So, we say it's a game in which a few brave swindlers play with a lot of greedy fools. Sadly, this kind of deception is not brilliant, but you sing me on the stage, greedy people lost again and again gambling again and again. Sum up the profit model of capital market, basically the following two points
1. Fight small with big investment (fight small income with big investment): whether the daily income is 1%, 1.5%, or the monthly income is 10%, 30%, the investors must invest 100% first. Whether they can really get the profits of the company after the investment is just silly and so on. When it's time, win the bet; Wait for no, call every day should not. Sadly, historical experience has repeatedly proved that it is only a matter of time before all the investment of the capital plate is gone
2. Long term investment (long-term investment, high return): invest a sum of money, wait for 12-18 months, or even two to three years, and the return is ten to dozens of times. It sounds tempting, but it takes one to three years for a dream to come true. In these 365-1095 days, every moment may come with bad luck

warm tips:
the above information is for reference only, there are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction

response time: December 1, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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7. Take bus No.66 from the bus stop of Hefei sports center and take it directly in the bus stop.

8. Which gymnasium
Olympic Sports in government district
or the Provincial Gymnasium in Zhougui and Bao Park
or the City Gymnasium at the intersection of Funan road and Fuyang Road<
Funan road gymnasium century Jinyuan shopping center
bus line: BRT line 1, day shift, the whole journey is about 16.0 km
1. Walk about 860 meters from Hefei gymnasium to Shifu Square Station
2. Take BRT line 1, day shift, after 7 stops,
to Binhu Century City Station
3. Walk about 650 meters, Get to century Jinyuan shopping center
Xuancheng Road Sports Center century Jinyuan shopping center
bus line: 154
→
BRT line 1 day shift, the whole journey is about 15.1km
1. Walk about 300m from sports avenue to baogongyuan station
2. Take bus 154, pass 1 stop,
to dazhonglou station (also take bus 119, 99, 6)
3 Walk about 520 meters to dazhonglou station
4. Take the day shift of BRT line 1, after 6 stops,
arrive at Lakeside Century City Station
5. Walk about 650 meters to century Jinyuan shopping center
Olympic sports center century Jinyuan shopping center
this data is from the network map, and the final result is subject to the latest data of the network map
bus route: No.18, about 13.6km long
1. Walk about 740m from the Olympic Sports Center to Xiangjing station
2. Take No.18, pass 17 stations,
to No.46 middle station
3. Walk about 1.1km to century Jinyuan shopping center

9. There are a lot of cars that can be done, and there is no need to change. The following is the specific route
take bus No. 51 (about 12 stations) / 31 (about 15 stations)
to
Sports Center
get off at
ferry
take bus No. 201 (about 11 stations) / 97 (about 13 stations) / 31 (about 14 stations)
to
Sports Center West
get off