How much computing power can dig an Ethereum
Ethernet mining tutorial
1. Create a new folder on the hard disk, which is better than C: eth. Then all the mining software is stored here
2. Download the following software
1) geth -- select geth win download and unzip
2) ethernet -- download and unzip to the same folder and rename it as "miner"
3) Ethereum wallet -- Download the win Ethereum wallet and unzip it and rename it as "wallet"
install all the software
3 Open the command prompt (click win and R at the same time, or click Start menu and enter CMD). The command prompt is a command line parser that allows you to execute command input software in the operating system
After
, you will have Ethereum wallet. But there is no balance, so next you need to build an ethminer. It's time to minimize your wallet
Mining
At present, the mining mode can be roughly divided into PPLNs, PPS and PPS +. However, if you want to get a stable income from mining, it is recommended to choose the mining software of PPS mode
when miners are mining, if you want to know how many etheric coins you get, you can use ha Yu miner to see clearly the daily mining income P>
Harbin miners showed a unified display of revenue for BTC, easy to see, and support for cash withdrawals to Alipay wallet and bitcoin wallet. p>

many new users believe that the sole purpose of mining is to generate ether in a way that does not require a central issuer (see our guide "what is ether?"). It's true. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. But mining is at least as important. Usually, banks are responsible for keeping accurate records of transactions. They make sure that money is not created out of thin air and that users don't cheat and spend money many times. However, blockchain introces a new way to keep records, the whole network instead of intermediary, to verify transactions and add them to the public ledger
Ethereum mining
although "no trust" or "trust minimization" monetary system is the goal, there are still people who need to ensure the security of financial records and ensure that no one cheats. Mining is one of the innovations that makes decentralized records possible. Miners have reached a consensus on the history of transactions in terms of preventing fraud (especially double spending on ether) - an interesting issue that hasn't been addressed before the decentralized currency works on the blockchain. While Ethereum is looking at other ways to reach a consensus on the effectiveness of the deal, mining currently keeps the platform together
how mining works
today, the mining process of Ethereum is almost the same as that of bitcoin. For each transaction, the miner can use the computer to guess the answer repeatedly and quickly until one of them wins. More specifically, the miner will run the unique header metadata (including time stamp and software version) of the block through the hash function (which will return a fixed length, unordered string of numbers and letters, which appears to be random), changing only the 'nonce value', which will affect the hash value of the result
if the miner finds a hash that matches the current target, the miner will be granted ether and broadcast the block across the network for each node to verify and add to their own ledger . If miner B finds the hash, miner a stops working on the current block and repeats the process for the next block. It's hard for miners to cheat in this game. There is no way to fake the work and come up with the right answer to the puzzle. That's why solving puzzles is called "proof of work."
on the other hand, others have little time to verify whether the hash value is correct, which is exactly what each node does. About every 12-15 seconds, a miner finds a stone. If the miner starts to solve the puzzle faster or slower than this, the algorithm will automatically re adjust the difficulty of the problem so that the miner can rebound to about 12 seconds of solution time
miners earn these ethers randomly, and their profitability depends on their luck and the computing power they put in. The specific workload verification algorithm used by Ethereum is called "ethash", which aims to require more memory, making it difficult to mine with expensive ASIC. Special mining chips are now the only profitable way to mine bitcoin
in a sense, ethash may have achieved this goal successfully, because dedicated ASIC is not available for Ethereum (at least not yet). In addition, as Ethereum aims to shift from proof of work mining to "proof of equity" (which we will discuss below), buying ASIC may not be a wise choice because it may not prove useful for a long time< However, Ethereum may never need miners. Developers plan to abandon proof of work, the algorithm currently used by the network to determine which transactions are valid and protect them from tampering to support proof of equity, which is guaranteed by token owners. If and when the algorithm is launched, proof of equity can become a means to achieve distributed consensus, and the consensus uses less resources.
hope to adopt
BVI company cooperates with Singapore foundation for al structure information confidentiality
how to legally operate the ICO issue has always been the focus of attention of people in the instry
today we will talk about the concept of al structure of BVI company and Singapore foundation. In fact, the al structure is not new to many people, But in fact, many people may not be familiar with the project development applied to the ICO field.
first of all, let me talk about BVI company in the al structure
Introction to BVI company
as we all know, BVI is one of the overseas offshore investment centers with the fastest development of 9370 and 6165 in the world, and the company registered here is called BVI company, It is commonly used in the vie trading framework for listing overseas or in Hong Kong. According to the law of the island, all companies incorporated in the island are exempt from tax except for the statutory annual registration fee (very small). Many well-known international companies set up tax avoidance companies in the island for their tax avoidance operations, and carry out complex international tax avoidance business activities. The information is confidential. It is one of the preferred architectures for the majority of investors.
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the basic way to build the compliance architecture is as follows:
1. Register BVI, as the issuing entity, keep personal identity information confidential, and completely avoid taxes.
2. Set up the Singapore Foundation (CLG), as the project operator, to legally operate blockchain projects and digital currency operations
3. Only the promotion and technical teams are reserved in China, which are clean and compliant with the operation and distribution
legal compliance of compliance framework:
1 legal opinion: (white paper compliance + token uncertified certificate)
legal opinion issued by lawyers to determine whether the tokens issued by the project comply with the relevant laws and regulations of the monetary authority of Singapore (MAS), especially the white paper project with al currency, needs to be strictly reviewed by lawyers
2 government compliance endorsement: issue official endorsement to further enhance project compliance (provided that a legal opinion has been issued)
3 Singapore sto compliance: assets with certificate attributes To facilitate compliance and issuance under the current sto management guidelines in Singapore, the following proceres are needed:
1 to register BVI company
2 to register Singapore foundation
3 to issue Singapore legal opinion
4 to issue ICO
the project party registers a limited liability company in BVI and claims that the main body of the foundation is BVI company. Then we set up a public welfare foundation (CLG) in Singapore. BVI company cooperates, authorizes and operates ICO related projects. Of course, each currency needs an independent foundation to operate, so as to avoid the risk of currency trading on the foundation body. Finally, Singapore commonweal foundation authorized domestic marketing team and technology R & D team to carry out project promotion and technology R & D
