What is YMER ecological mine
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 beforesince 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
Bhd's economic model
Bhd's consensus algorithm has been upgraded on the basis of POC, which is called cpoc (conditional proof of capacity), that is, conditional proof of capacity. Each miner participating in Bhd's mining needs to pay 1:3 (dynamic mortgage has been started at present), The latest mortgage ratio is 1:2.9), that is, for every 1TB of hard disk space, you need to mortgage three BHDs to get 100% income, otherwise you can only get 30% income
POC, as a trend in the future, has attracted many people's attention. The layout of miners' mines has begun, and the hpool mine has become a hot spot https://www.hpool.com/ Founded in 2017, it was jointly built by celebrity brother worm and Alex in the coin circle. At the same time, Wanxiang, a well-known blockchain company, also invested in hpool mine. This is not only the recognition of hpool, but also the affirmation of POC ecology. Hpool is the most powerful hard disk mine in the world, and also the first old mine in China to devote itself to POC ecology
nowadays, more and more ore pools and exchanges begin to lay out POCS. The whole ecology has been graally improved, waiting for it is only the last point of the instry east wind.
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