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Analysis of mine pool protocol

Publish: 2021-04-01 23:33:59
1. From cheap electricity to centralized mining, China's resources and environment provide bitcoin miners with many advantages. In recent years, bitcoin miners have used cheap electricity to expand their business in coal rich regions such as Xinjiang and Inner Mongolia, which are home to the founders of some of the world's leading mining companies

with the rising price of bitcoin, more and more people join the bitcoin mining business. Accordingly, mining consumes more and more energy. Obviously, our government is also aware of this

according to the requirements of the document, regulators require local governments to take measures related to electricity price, land use, tax and environmental protection to guide bitcoin miners to withdraw from the business. According to foreign media reports, regulatory authorities are mainly concerned about the money laundering and financial risks involved in the shutdown policy, but excessive power consumption is also a factor that can not be ignored. In principle, bitcoin mining consumes a lot of power because every time a new bitcoin is proced, it needs to solve the complex mathematical problems through the encryption process performed by a high-performance computer. Mining calculation process is used to verify bitcoin transactions in the blockchain to ensure security, but the disadvantage is that it consumes a lot of energy.
2.

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 before

since 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

3. Just buy a miner on the platform. The management fee charged by the platform is actually the miner trusteeship. I'm all Buddhist.
4. Just pay the deposit and earn the price difference. Now I know the merchants are very profitable. You can ask the old merchants.
5.
top ten Ethereum mining software in 2020

in terms of market value, Ethereum is the second largest cryptocurrency, second only to bitcoin. Ethereum's popularity among the holders has increased rapidly because it can build the whole decentralized ecosystem and applications on top of its blockchain. As Ethereum is friendly to GPU mining, Ethereum is a good choice for PC users (especially those with AMD high-end graphics cards). However, 24ker should also warn readers that at this time point, Ethereum's price is $241, which means that even if you use radon VII (90mh / s), your weekly profit is less than $7, The annual profit is about $339. However, considering the potential value-added space of Ethereum, if the price can return to the healthy range of $500-600, it means that your radon will be back in one year

if you already have Ethereum mining hardware and an effective wallet, all you have to do is to find the best eth mining software, which will help you manage the mining work effectively

in this article, we will introce the features, advantages and compatible operating systems. But before we get there... Let's talk about the basics

why Ethereum

unlike traditional currencies, Ethernet operates on the public ledger system, which makes mining itself the core power of Ethereum network. When miners receive the transaction data sent by other members of the network, they assemble them into a structure called Merkle tree, and then try to find an acceptable hash value

only one hash will be returned for each dataset, and the hash value cannot be used to dece the original data. Its purpose is to effectively ensure that the block information is not tampered with. Moreover, if someone changes even one number in any long transaction string, the output hash value will be completely different, and false transaction or fraud will be eliminated

as you can see, if there is no Ethereum mining, Ethereum network will be paralyzed immediately. Therefore, participating in Ethereum mining is not only the mining revenue, but also the support for the operation and growth of Ethereum

what is mining software< In short, mining software is a program that uses a computer graphics card (GPU) as a resource to solve complex mathematical equations. Once the equation is solved, the data is added to the rest of the blockchain

the mining software will monitor the input and output of the hardware, and display statistical data to you, such as miner speed, fan speed, temperature and hash rate

the Ethereum mining software described in this article can be connected to many available Ethereum mining pools

Ethereum mine pool

Ethereum mine pool is a resource area that is equally distributed and shared among miners. Nowadays, it has become too difficult for a person to dig a mine, so it is necessary to use the way of mining pool to fight in groups

today, Ethereum is one of the most famous choice of Ethereum mines. The pool allows its users to remain anonymous and pay only a small 1% mining fee<

top ten Ethereum mining software:

1-ethminer (Ethereum Royal)

it can be seen from the name that ethminer is specially designed for mining Ethereum, and currently supports Linux, MAC and windows. Make sure to download the version corresponding to the device's operating system

in addition to Ethereum, you can also use ethminer to mine all tokens according to ethash algorithm, including expand, elaism, metaverse, musicoin, Pirl, Ethereum classic, etc< Ethminer is a command line software. This means that you can start it from the Linux console or the windows command prompt, or you can use the windows CMD / batch file or the Linux bash script to create a shortcut to the preset command line<

(2-cgminer)

this program was released in 2011. Because it is compatible with three different mining hardware (ASIC, FPGA and GPU), it is still one of the most popular mining software options. CG miner is an open source Ethereum miner written in C language, and provides support and binary files for openwrt router, RPI, etc

the advantages of cgminer include the ability to match your hash rate with zero latency extension, remote interface function and advanced detection of new blocks. The software can be used for Mac, Linux and windows

3 - Claymore (maximum efficiency)

if you are looking for the most efficient Ethereum mining software, please consider using Claymore's al Ethereum mining machine, which can speed up to any hash rate without sacrificing the mining speed

Claymore recently released v12.0 upgrade, which reces the equipment cost of al mining mode from 2% to 1%. The upgrade also offers 3gb and 2GB cards with zero development costs. However, Claymore al miner can't run on Mac. At present, it can only run on Linux and windows. But it supports both NVIDIA and AMD cards

other coins you can mine with this program include siacoin, lbry, decred and Pascal< If you are not familiar with cryptocurrency mining and are looking for the simplest Ethereum mining software, please check wineth

the software is based on the ethminer that we have just evaluated, but wineth provides users with a more simple and easy to understand GUI, combined with "intelligent" algorithm, which will provide the configuration that can ensure the best performance on the new user's hardware

as can be seen from the name, wineth is only compatible with windows devices, and you can find it in the windows 10 app store.
6. This is bitcoin comes with the protocol, GitHub source code. Many mines are developed in this way. It's very convenient
7. At present, the existing digital currencies in the world can not be counted. One or even dozens of digital currencies may be born every day, and several or even dozens of digital currencies may disappear every day
the existing well-known digital currencies include bitcoin, Leyte coin, Ruitai coin, Ethereum, dogcoin, bitstock, Ruibo coin, Diandian coin, Yuanbao coin, etc.
8. Gold, of course! This is the natural currency and the wealth of preserving value, with physical gold as the final guarantee; Bitcoin is a virtual electronic currency, most sovereign countries do not recognize its legal status, because its main purpose is to decentralize and supervise, which is easy to become a disaster area of money laundering. In the field of investment speculation, when bitcoin is hot, it is more fierce than gold speculation. Provided by Liu Anyuan, an expert in stock analysis of Xinrong Street
9. MOAC is a practical application-oriented blockchain platform. MOAC adopts the technology of layering and slicing, processes the global transfer transaction at the bottom, and deploys the contract in the form of sub chain at the top. The upper sub chain can choose its own consensus mode, block cycle and its own separate block chain to store the contract status. Mining nodes of sub chain can be selected by user. The system maintains multiple mining pools supporting a consensus protocol, from which the sub chain can rent the required number of nodes. On this basis, MOAC provides the function of one click chain, which enables DAPP project parties to customize their own blockchain. The project side does not need to maintain the operation of the sub chain, only needs to pay these leased nodes regularly. Moke's unique sub chain / Master chain architecture makes the sub chain reach the security level close to the master chain. In addition, the innovative architecture enables DAPP users to use DAPP without consuming any gas, so that DAPP users can face users without any blockchain knowledge.
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