Cryptonight algorithm for ore pool

1. To understand the problem of home computer mining, we must first explain the mining clearly. As like as two peas came out, they shared a identical record book, so they need a person with a right word to decide the record. Who will record it? Through a topic to decide whose computer is right first, then it has the right to record all the data of this block. This is the popular explanation of mining. And reward the bookkeeper to get an extra sum of money, which is the reward for mining. Reward the person who has contributed enough computing power to solve the problem, which is also the reason why we go mining. Money is money, in order to make money. In the beginning, bitcoin mining was just about CPU. Then, for more money, technicians developed faster and faster accounting methods for graphics cards, FPGA and ASIC chips. Please note here that bitcoin is only the bookkeeping method. Bitcoin is the sha256 algorithm, which is only applicable to this kind of algorithm and can only be used for mining. Later, more algorithms appeared, such as ethash, kawpow, cryptonight, zhash, x16r, randomx, etc. Pay attention to the concepts, algorithms (the above pile) and devices (CPU, graphics card, FPGA, ASIC). They complement each other. A currency may have multiple algorithms or a single algorithm for accounting. The same device can also run different algorithms to get different rewards. The only difference is the efficiency of accounting and the speed of making money. So bitcoin can be g with CPU, graphics card, FPGA and ASIC, but ASIC has the highest efficiency and cost performance. Let's go back to the topic, what can a home computer dig? Home computer = CPU + graphics card. The more suitable CPU is the monero under the randomx algorithm. For graphics card, it is suitable for the automatic selection of nicecash. Now I should talk about the specific mining tutorial to complete the answer, but I recommend a simpler and more convenient method, even without knowing all of the above.

2. Just download a gpu360 miner
common computer mining methods:
1. Download and install gpu360 miner
2. The software will be set to boot, it is recommended to boot. Because it has a very human function, when you don't use the computer, it will automatically mine, when you use it, it will stop instantly, it will not affect the normal work and use
3. After the software is started, change it to your own mobile phone number. After the software starts, there are three setting options:
4. The first time you start mining, you will test the equipment, and it will test your best mining scheme. It usually takes about ten minutes
5. After testing, it will automatically enter the mining state
6. Click stop and close to minimize to the tray, so that when you don't use the computer, it will automatically open to make money
right click the icon to shut down the software completely
7. Bitcoin earned can be exchanged directly in online stores.

3. Qwertycoin, which has been popular recently, was built by the geek team in Germany for 18 months. It is a secure anonymous coin that focuses on privacy and is used for global
secure payment. Qwc has no pre excavation and ICO, and adopts cryptonight algorithm (supporting mainstream mining machine X3 and A8 +) POW mining.

4.

At the end of March this year, bitmainland launched an ant miner X3 based on ASIC, which is mainly aimed at Monroe coin (XmR) and cryptonight algorithm dependent cryptocurrency. Monroe coin immediately issued a counter statement that it will change the core algorithm to fight against the invasion of ASIC computing power

what would be the result if it appeared in the world of digital cryptocurrency? That is, the wrong calculation results may be brought into the whole network without being discovered

More importantly, if a "calculator manufacturer" monopolizes the calculator market, it can also deliberately proce this kind of calculator with errors to change the mathematical rules

after all, the "calculation" in the field of crypto digital currency is not as simple as 1 + 2 + 3. You can't compare paper currency with special currency by hand

the practical significance of computing power monopoly in mainland China

we have learned about attacks based on 51% computing power in various articles

but the reality is that although the global power of 78% was in Chinese mainland, fortunately, they were scattered in different pools and controlled by different people. p>

although all POW based cryptocurrencies have the risk of being attacked by 51%, few people can really launch attacks e to the dispersion of computing power

but what if the miners themselves don't want to attack, but the mining machinery manufacturers attack

still using the analogy just now, although each miner subjectively wants to do the problem checking independently, their calculator is manipulated remotely and gives consistent wrong answers. This may pose a great threat to digital cryptocurrency

however, the manufacturer with the absolute voice of mining machinery had such a problem in mainland China

in April 2017, the back door of antbled came out. Although this is described as a "vulnerability" in Chinese, antbled is more like a function that has been implemented and designed

anonymous people found that after an ant miner made by bitmainland was connected to the network, it would communicate with a domain name held by bitmainland on a regular basis and return the miner's serial number, MAC address and IP address to bitmainland's server. If the server of bitcontinent gives a negative signal, the miner will stop running

although bitcontinental responded that they could not shut down any mining machines that did not belong to them. However, the bitcoin core team has proved in experiments that this function has no verification. Anyone can shut down mining machines by forging DNS - but it also means that bitcoin mainland has the ability to shut down any sold mining machines

After

, bitcontinent fixed this "loophole", but it caused heated discussion in the community. This has also set the tone that almost all pow blockchain communities are biased against mainland China

a few months later, under the leadership of bitcontinent, viabtc g out the first block and made a hard bifurcation with the blockchain of bitcoin. From then on, bitcoin BCH (bitcoin cash) appeared in the world

will the monopoly of mining machinery destroy the distributed system

facing this problem, we should have a clear answer now. That is, the monopoly of mining machinery will certainly affect the safe operation of pow digital cryptocurrency

the problem is not whether bitcontinental and its founder Wu Jihan are trustworthy, but that one of the values of any blockchain system is to operate safely without trust in any single company or indivial

even if the ASIC miner is not monopolized by bitmainland, the ASIC miner itself will increase the concentration of computing power

the ASIC used for mining has great requirements for ventilation, power and site, and has no use except for mining. At the same time, the calculation difficulty of the whole network is increased e to the powerful computing power

as a result, it is very difficult for external players to start mining in the next software on the computer as they did five years ago. And the recent centralized exchange is caused by frequent black incidents, which also proves that concentration in this unregulated market will definitely lead to insecurity

assuming that the bitcoin network runs on top of one million miners, no one can shut it down. And if the bitcoin network runs on 20 large mines, it's much easier to shut it down

and by the end of 2017, 78% of the effort was concentrated in mainland China, which led to a real possibility of Chinese mainland regulators' launching a deadly attack against the special currency. p>

moreover, most of the scenarios of using digital cryptocurrency are related to "decentralization". Once centralized, it means that these scenarios no longer exist. It turns a project that might have value into a pure waste of computing power

Then, what measures should we take in the face of this situation

first of all, as the project side, it may be time to give up the pure POW mechanism. In fact, in many projects of issuing cryptocurrency, especially in asset securitization projects. Similar to the concept of stock in the real world, POS itself is more reasonable than pow

in the media that don't know about blockchain, we often hear such words as "bitcoin wastes a lot of computing power and has no value", which is reasonable to some extent. It is difficult for a POW based blockchain to bind the value of the project itself to the issued digital cryptocurrency - because the real value behind the price of the currency does not come from the project, but from the cost of maintaining computing power

and the hybrid mode of pow + POS is more like the future. In the hybrid mode, both coin holders and miners can participate in the major decisions of this community. If a decision is widely accepted, the blockchain will be soft forked to the latest state without excessive intervention of developers, and there will be almost no private resistance of miners or mining machines

secondly, as a retail miner, if you are still digging a pure POW mechanism currency, you should unconditionally support the bifurcation activities initiated by the community to resist the ASIC mining machine, even if it will lead to the failure of your mining machine

this may sound contradictory, but in the long run, it is better to promote the reform of the community and get more benefits in a currency controlled by the monopoly of computing power. Because in many conflicts between computing power and community in the past, the ultimate result is that the computing power owner will forcibly keep the old algorithm to hard fork the blockchain

just like Eth and etc, the classic Ethereum (etc), which belongs to the computing power master, has lost the support of developers and become an air coin with no vitality and impossible to develop applications

as a retail leek, you should be careful to trade the non mainstream digital currencies (except bitcoin) supported by bitmainland mining machinery, so as to avoid falling into a blockchain in which bitmainland controls the computing power completely

finally, if you are bitcontinent, what should you do

bitcontinent's goal is to become Intel, AMD and NVIDIA, make greater contributions to the whole computer instry, and become a great company, not just entangled in the immediate interests of mining

Wall Street financiers have long seen through the violence brought about by NVIDIA's video card mining. The rise and fall of the company's stock price has been consistent with the price of bitcoin, and even affected by the digital currency market. Citron, a well-known short seller, has recently been bearish on NVIDIA, arguing that the company has focused too much on providing services for digital currency miners rather than on serious businesses such as artificial intelligence, games and driverless driving

the mission of chip manufacturers is to provide more powerful chips to drive more intelligent services, and finally contribute to the real world, rather than become monopoly tycoons in the virtual world. When we no longer enter the gate of the virtual world, the only thing left is a deserted land

in an interview with US media last year, Wu Jihan disclosed that he would make an IPO with a market value of billions of dollars. As a company about to go public, bitmainland should not only be responsible to investors, but also accept investors' questions about the sustainability of its business. "If your mining machinery goes public, it will encounter a fork, what should you do?"

and this question, which needs to be asked after the listing, has already appeared: the current price of the split coin xmo after the Monroe team split is $7.50, while the current price of the real Monroe coin XmR is $194, and the split coin is completely abandoned by the Monroe community

before bitcontinent becomes the name of all blockchain communities, we can rely on the huge amount of capital accumulated in recent years to transform into an artificial intelligence chip company along the previous plan, rather than continue to develop a variety of digital currency mining machines to extract the last drop of oil before the ecological collapse

content source: phoenix.com

5. No one uses 1080 or more graphics cards to mine

because the cost performance is too low, the computing power is not improved much, and the price is too expensive.

6. 1、 Project introction:
qwertycoin (qwc) was built by German geek team for 18 months. It is a kind of secure anonymous coin, which focuses on privacy and is used for global secure payment. Qwc has no pre excavation and no fund-raising. It adopts cryptight algorithm (supporting mainstream mining machine X3 and A8 +) POW mining. At present, its computing power is maintained at about 800mh, ranking second in cryptight algorithm, second only to DERO. The epose consensus initiated by qwc in the world will be combined with pow mining to resist 51% attacks< 2. Project information (as of September 6, 2019)
English Name: qwc core algorithm: cryptonight block time: 120 seconds total amount: 184.47 billion circulation: 99035367576 market value: $2136192 financing: no ICO, no pre dig
3. Comments
Security and privacy: provide instant transactions that cannot be tracked; Ultra fast transaction: the average transaction confirmation time is reced to about 5 seconds; Members are allowed to vote in community decision-making; The unique epose consensus mechanism can be rewarded according to the contribution to the network; The community oriented project suck up huge space for development of the mineral currency under the strong community consensus.
IV. common connection
exchange: citex.io

7. It should be that you didn't set miner's fee, or miner's fee is set low!

8. Turtlecoin is a fast
simple and private cryptocurrency that allows you to remit money to friends and businesses
one of the main goals of turnlecoin is to make things in everyday life as simple and easy to use as possible, and to create an attractive, fun and friendly cryptocurrency
turtle coin adopts the pow consensus algorithm of cryptonight protocol, which is consistent with Monro (XmR) algorithm. It has the characteristics of high speed, privacy protection and anti ASIC.

9.

Xcash is based on the core code of monerov8, cryptonotpow algorithm, and uses cryptonighthash function

the reason why monero, a blockchain source code that has been used and verified for a long time, is not only that the code can be continuously improved and updated, but also has the characteristics of high privacy and low transfer consumption, which makes x-cash project have great potential to destroy the existing payment solutions, and provides a new way for enterprises to complete transactions

summary of advantages:

1. the first xpow + xdpos mechanism

2. privacy function, in the decentralized scene, encrypted digital funds can also arrive at the account quickly

3. has good scalability and security features

4. developers only need basic blockchain knowledge to deploy smart contracts on xcash to realize the decentralized application DAPP with desired functions

5. strong development team< br />