How do miners join the mine

1.

After the computing power of the whole network has been improved to a certain extent, the probability of getting rewards is too low, so that some geeks on "bitcoin talk" can develop a method that can combine a small amount of computing power and operate jointly, and use this method to build websites

in this mechanism, no matter how much computing power an indivial miner can use, as long as he participates in mining activities by joining the mine pool, no matter whether he has successfully mined effective data blocks, he can get a small amount of bitcoin reward through his contribution to the mine pool, that is to say, many people cooperate in mining, and the bitcoin reward is shared by many people according to their contribution

as of January 2019, the top five bitcoin pools in global computing power are btc.com, pool, antpool, flush pool, and f2pool. At present, about 70% of global computing power is in the hands of Chinese miners

extended data:

handling charge:

bitcoin miners will charge a small amount of fees for most transactions, the main purpose of which is to prevent people from sending a large number of boring small transactions and wasting network resources. At present, most of the handling charges for each transaction are & T 3647; 0.0001/kb (0.0001btc / KB). In fact, after 0.9.0, the default handling charge will be reced to & 3647; 0.00001/KB(0.00001 btc/KB)

because the amount of data occupied by most transactions is less than 1 kilobyte, generally speaking, the amount of data is less than 3647; 0.00001 (0.00001 BTC / KB) is enough. At the same time, in the future, when the bitcoin block rewards are less, the service charge will become the main source of miners' income, and the service charge of bitcoin will be related to the number of bytes occupied by the transaction

at present, the calculation standard of service charge in bitcoin system is not mandatory, so users can not give any service charge when the transaction is in progress

however, most miners usually give priority to the transaction with higher handling charges when building data blocks, so that they can get higher remuneration when mining is successful. Therefore, the transaction without any handling charges may take a long time to be processed and incorporated into the blockchain

in addition, e to the block capacity limit of 1MB and the recent increase in bitcoin transaction volume, the handling charges have increased significantly, and the waiting time for the transaction to be confirmed has also become much longer

2. Because indivial mining is difficult to meet the demand, the global computing power is increasing, and it is difficult for a single device or a small amount of computing power to dig bitcoin again. It is also a combination of a large number of mining machines to form a mine pool. The computing power of the mine pool is very powerful, and it can also ensure that virtual currency can be g more quickly. So how can the mine pool dig? Let's have a look
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.

3. Mining is actually competing for the right to pack in the block
as tens of thousands of miners compete for the right to pack, the probability of a single miner seizing the right to pack is very small, and the output is very unstable. It is possible to grab the right once an hour or not once a year
in order to stabilize the mining output, miners often choose to join the mining pool. The mining pool integrates the computing power of a large number of miners and occupies a certain share in the total computing power of the whole network, so as to obtain a more stable mining output. After charging 2% ~ 4% of the pool handling charge, the output is distributed to the miners according to the miners' computing power
it's just like that it's hard for one person to win the lottery, so the mine pool organizes many people to buy the lottery together, and after winning the lottery, they are distributed to everyone according to the amount of contribution.

4. The computing power and block output of the whole network can reach taobit http://www.taobtc.net/ See
1. First of all, as a node mine pool, the mine pool construction itself needs to add node files, showing the number of connections below the bitcoin wallet. After adding nodes, the number of connections can reach dozens or even more, depending on how many nodes you add, effectively recing invalid shares
2. How to fix the calculation difficulty of mining equipment for miners? Set it in your mining equipment startup bat
for example, if your single mining equipment is 10g, you can add / 1000 + 10 after the user name (wallet address) in the bat file. For example, in my bat - / 1000 + 10-p1, what does that mean? This means that your equipment is 10g computing power, and you use a fixed difficulty of 10g in p2pool mining. If you are a 1g device, write / 1000 + 1 at the back, so the difficulty is fixed and the efficiency of the device is effectively improved.

5. Joining the pool alliance has two advantages for miners: one is that miners can get stable mining income; the other is that miners only need to be responsible for hash operation, and other things are handled by the pool, which improves the mining efficiency. In other words, by adding a large proportion of computing power in the mine pool collection network, it is far more likely and less risky for miners to obtain block rewards alone.

6. 70% of the computing power of bitcoin in the world is provided by China, among which the more famous ones are: bitcoin China
2, f2poll fish pond
...
not listed
everyone can set up a mine pool, if you want, and someone else wants to join
note that if no one joins, you are the only one competing with others in this mine pool. I'm afraid your computing power is not a drop in the ocean in the whole network, and the success rate is too low
therefore, most miners join in the large mine pool and do not set up their own

of course, if you have the strength, you can also set up your own mine pool. This information is public, and you can use the Internet. thank you.

7. Can you make money by buying a miner? Dream about it. Simply put, an Avalon 50g miner can dig a BTC every day for 70000 RMB a month ago, but it can only dig 0.8% less than half a month ago. Every half a month, the profit will drop by more than 10%. You can make your own equation to see if you can get back the cost
What CCTV has reported twice, do you still expect to make money? Everyone knows that things that make money don't make money
mining companies and consortia are now working on dozens and hundreds of mining equipment. Do you think the personal retail miner can really recover the cost? According to the price can really return the words, the seller is a fool to sell it to you?

8. In order to find the resources from the vast sea of resources, it needs a strong computing power, and the requirements of memory and network are very high. In this case, our mining machine needs powerful computing power and large memory.